Globaldata Share Discussion Threads

[easytimes] 19/11/2004 21:57

After a bit of browsing cannot see any Chip & Pin link with Datacash and Sainsbury's, of course this would be a massive contract if true. Setting up systems of this nature are notorious for having their problems whoever has the contract. I thought Datacash's main business was with online retailers not shopping centre type retail business, maybe I'm wrong.

[zapa] 18/11/2004 16:45

Thank you Mr Baheid.We can all sleep soundly.

[baheid101] 18/11/2004 16:41

Not sure if it was posted earlier but todays Shares magazine had an article on Datacash and an interview with CEO Terry Cave Key points were: Chip & Pin announcements are likely to be in first quarter of 05, and there are likely to be THREE OF THEM. Admitted that they got a little ahead of themselves in terms of their guidance on the timing. Company is likely to 'beat forecasts slightly' and that they will pay a dividend this year Cave also alluded to being on the lookout for acquisitions. Also interviewed was the Investec analyst who said that Datacash should trade on higher multiples based on cardholder not present alone, and that chip and pin announcements will lead to "very sizeable upgrades" Pretty happy with that! Baheid

[baheid101] 18/11/2004 16:12

park1n Here is a simple question, so I expect a simple answer. You alluded to your son being involved in the roll out of chip & pin at Sainsburys, and that the process has been very problematic etc. You then said he said he would not buy shares in Datacash. You are clearly inferring that Datacash are involved with Sainsburys chip & pin roll out. Can you please confirm this? thanks

[britishbear] 18/11/2004 15:39

I am surprised any son of Park1n could get anything but a shelf stacking job in a supermarket. Tin of beans please Park1n, keep the change from 10p for your next investment.

[cyberian] 18/11/2004 15:26

Some of the big retailers are having problems and have heard that the likes of Waitrose and others are talking/looking at some interim support from DATA. You are right that the big names are initially trying to effect technology in-house and these entities have not been DATA's target. However, this may change and really feel that a lot of retailers are waking-up to the fact that they are exposed, vulnerable, and more important accountable to the changes being introduced Jan. 2005. I truly believe that next year will be a great one for the likes of DATA....their systems are accredited and announcements are not necessarily always in their hands, for competitive/confidential reasons etc. Anyhow still expect to see some news fairly soon...need to be a bit patient.

[zapa] 18/11/2004 15:06

BB there is NO problem,dont you get it?

[britishbear] 18/11/2004 14:46

Parkin, which part of the question "is he trying to fit the DATACASH solution" don't you understand? There are many alternaive chip and pin solutions - the question I asked was is he fitting one bought from DATACASH. I can almost certain that he is NOT as supermarkets are doing it all in house and is NOT the target buyer of DATA's solution. That is probably why there are having problems. My advice is to tell your boy to contact DATA who will come in and solve all his problems for him.

[park1n] 18/11/2004 14:26

Why should Sainburys tell you about their problems,they ve enough trouble "in store" as it is. Once again, I only passed on info that happens to be the truth. I suggest you phone Mr King, I am sure he d be pleased to waste his time talking to the likes of you. Im moving on now,got look at my AEN, DDT,OMG,FTO, to see how much lolly I ve made today.

[zapa] 18/11/2004 14:12

Nice try park1n. If its true ill phone Sainsburys my self.If BB hasent alreadyLOL.

[zapa] 18/11/2004 13:28

oooops. Sorry park1n,just seemed obvious to me that the first question as a concerned investor would be 'WHAT SYSTEM IS THAT THEN....'

[park1n] 18/11/2004 13:23

Zapa, I just just passed on information, I did not suggest that you should sell; your a big boy, make up your own mind.

[park1n] 18/11/2004 13:19

British Bear Is he trying to fit the problem,what does that mean,do you mean is he trying fix the problem,or is he trying wear it? Yes he is trying to set the system up, read my post again it says "trying to install chip & pin in several of their branches" You should have gone to Specsavers!

[zapa] 18/11/2004 12:01

Perhaps we should all sell till he comes home for tea. LOL.

[britishbear] 18/11/2004 11:49

but is he trying to fit the Datacash solution? That is the question.

[park1n] 18/11/2004 11:45

Zapa Sorry can t tell you, I m not able to contact my son,he is at work & dos,nt like me to phone him during working hours. All I know is he is having problems,and said he would nt buy shares in Datacash.

[zapa] 18/11/2004 10:17

Who's system is it park1n?

[park1n] 18/11/2004 10:04

I have made my money with Data,some months back & would be back in again if the signs look promising,but I have a son working at Sainsbury who is trying to install chip & pin in several of their branches & he says the problems are extremely frustrating.Lets hope Datacash sort it out quickly.

[peterz] 17/11/2004 17:54

Other City people must be able to see the rosy future for DATA - what are they waiting for ?? hmm. Maybe they have enough already!

[cyberian] 10/11/2004 09:31

Chip & Pin got yet another fillip this morning on TV and although focussed on Cash-Point (ATM) fraud, a real wake-up call to retailers to get their act together. Software enhancements as provided by DATA and with the IBM connection are going to be significant as we go into 2005. IBM is only one link into the market, but once the ball starts rolling with some contracts then other applications for DATA are likely to be triggered. Potentially quite an exciting period ahead and hopefully ones patience will be rewarded.