Globaldata Share Discussion Threads

[bitterlemontart] 11/1/2006 15:26

felix1 - stockmarket would appear to agree with you !

[felix1] 10/1/2006 17:00

Just posted this over on iii, but that board looks pretty quiet these days...

I saw an article in yesterday's evening std re the aquisition by Sage of Verus Financial Management, a US credit, debit and cheque processing business for £184m. It said Sage are seeking similar credit processing opportunities in Europe, as they believe that the e-commerce boom is happening for real now.

Then we have the statement by Datacash that they expect to pay a dividend this year. Will they just pay a divi relative to their profits, or will they release some more of that £4.8m cash pile?

Finally I am encouraged by the new CEO. I can only speculate that the previous CEO was ousted because he didn't succeed on the 'Cardholder Present' front, but in any case the new guy looks to have good experience and great contacts - particularly in EPOS - so could make a difference.

Clearly the route to this share taking off will be either a move into the CHP market to exploit the spare capacity DATA have, or acquisition. I feel both have just got more likely, so have got back in after years of watching this stock.

Seems also to me to be only limited downside, given the straight line growth in transactions they have achieved for 4-5 years now, which feed directly to the bottom line, plus the cash.

Based on my projections on transaction volumes, which have followed the actuals pretty well over the last few years, I am expecting them to achieve £6.1m revenue, £2.7m pbt pre-amort and 1.0p eps for 2005. For 2006 I have pencilled in £8.0m revenue, £4.6m pbt pre-amort and 4.1p eps. Without the large amortisation figure from the acquisition they did some years ago, the figures would be pretty stunning, with 2006 eps rising to 7.4p and a p/e of just 17.

Clearly when the amortisation is complete (or restated by FRS3?) we are left here with a highly profitable business growing at 30% pa, even without the boost of CHP.

Views anyone?

DYOR

[bitterlemontart] 10/1/2006 15:22

THE INDEPENDENT

The Investment Column:

*Datacash (DATA.L) – At 125.75p they are a buy.

[bitterlemontart] 10/1/2006 15:22

THE INDEPENDENT

The Investment Column:

*Datacash (DATA.L) – At 125.75p they are a buy.

[bitterlemontart] 10/1/2006 15:21

THE INDEPENDENT

The Outlook Column:

*Those pension fund deficits keep on rising, but are they as dangerous as they seem?

The Business Analysis Column:
*City career women find glass ceiling firmly on their way to top.

The Investment Column:
*Premier Foods (PFD.L) – At 313.5p it's a buy.
*Marshalls (MSLH.L) – Worth holding.
*Datacash (DATA.L) – At 125.75p they are a buy.

[bitterlemontart] 09/1/2006 08:30

Datacash says FY pretax in line with expectations, net cash balances 4.8 mln
stg

LONDON (AFX) - Datacash Group PLC said it expects pretax profit,
pre-goodwill amortisation and exceptional items, to be in line with market
expectations, in a pre-close statement ahead of announcing the group's final
results in late March/early April.
The AIM-listed credit and debit cards management company said net cash
balances at the end of the year rose to more than 4.8 mln stg from 3.2 mln last
year.
[e-mail]

[bitterlemontart] 09/1/2006 08:30

Datacash says FY pretax in line with expectations, net cash balances 4.8 mln
stg

LONDON (AFX) - Datacash Group PLC said it expects pretax profit,
pre-goodwill amortisation and exceptional items, to be in line with market
expectations, in a pre-close statement ahead of announcing the group's final
results in late March/early April.
The AIM-listed credit and debit cards management company said net cash
balances at the end of the year rose to more than 4.8 mln stg from 3.2 mln last
year.
[e-mail]

[bitterlemontart] 09/1/2006 08:27

Pre-Close Trading Update

RNS Number:5938W
Datacash Group PLC
09 January 2006



DataCash Group Plc: DATA / Index: AIM / Sector: Support Services

9 January 2006

DataCash Group plc ('DataCash' or 'the Company')

Pre-Close Trading Update

The Directors of DataCash Group plc, the AIM listed payments service provider,
are pleased to announce a pre-close trading statement to highlight the Company's
successes through 2005:



* The Company achieved pre-tax profits (pre-goodwill amortisation
and exceptional items) in line with market expectations.



* Net Cash balances at the end of the year rose from #3.2m to more
than #4.8m.



* Transaction volumes grew strongly throughout the year to more
than 60m (2004: 41m) driven by the Company's continued success as the UK's
leading independent payment service provider.



* The Company appointed Mr. Andrew Dark as its new CEO effective
from January 2006. Mr. Dark has considerable experience in the payments
industry, and relationships with a number of important retailers, channel
partners and banks. He is expected to add significantly to DataCash's
opportunities in 2006 and the Directors welcome him to the Board.



* The Board believes the prospects for 2006 are good, with further
strong growth expected in the Company's core business.



DataCash anticipates publishing its final results in late March/early April
2006.



* * ENDS * *



For further information contact:



David Bailey, DataCash Chairman Tel: [phone]

Keith Butcher, DataCash Finance Director Tel: [phone]

Isabel Crossley, St Brides Media & Finance Ltd Tel: [phone]



Notes

DataCash Group plc - www.datacash.com



DataCash provides outsourced solutions for the authorisation, settlement and
fraud management of credit and debit cards as well as direct debits, direct
credits and cheques. DataCash's fraud management solutions support industry
initiatives such as 3-D Secure (Verified by Visa and MasterCard SecureCode) as
well as rules-based fraud screening. Transactions are accessible to merchants
through a real-time MIS Reporting suite.



DataCash's solutions are suitable for merchants selling through any channel,
including High Street Point of Sale, the Web, Interactive TV, Kiosk, Call Centre
and Interactive Voice Response. DataCash works with the leading integrators,
such as IBM, to provide mid-tier retailers with Cardholder Present Chip and PIN
solutions.






This information is provided by RNS
The company news service from the London Stock Exchange

[bitterlemontart] 20/12/2005 07:35

Directorate Change

RNS Number:9206V
Datacash Group PLC
20 December 2005



DataCash Group plc / Epic: DATA / Index: AIM / Sector: Support Services


20 December 2005

DATACASH PLC ("DataCash")
NEW CHIEF EXECUTIVE OFFICER


DataCash Group plc the AIM listed payment service provider, has appointed Mr.
Andrew Dark as its new Chief Executive Officer from 1st January 2006.


Mr. Andrew Dark (aged 42) has held a number of senior positions including most
recently, Chief Operating Officer of Dione PLC, the suppliers of smart card
payment systems and managed service solutions. Prior to that he was the Retail
Systems Sales Director for NCR Corporation and before that he was International
Sales Director for Riva Group PLC. During this time Andrew was appointed
founding Chairman on behalf of Microsoft for its Global Retail Industry Forum,
ActiveStore.



David Bailey, Chairman of DataCash, commented: "It is with great pleasure that
we welcome Andrew to the company, who brings with him a wealth of experience
gained from growing technology businesses. With our operations expanding
rapidly, he will strengthen our team and help us to take advantage of the
significant opportunities open to DataCash in both the Card Holder Present and
Cardholder Not Present markets."



Previous directorships include Dione Limited and Efforsenrab (190) Ltd and
Efforsenrab (191) Ltd. Efforsenrab(191) has been placed into voluntary
liquidation.



There is no further information required to be announced pursuant to Schedule 2
paragraph (g) of the AIM Rules.

* * ENDS * *


Contacts:

David Bailey DataCash plc Tel: [phone]
Isabel Crossley St Brides Media Tel: [phone]



Note to editors:

* DataCash provides secure electronic payment and fraud management
solutions to companies that process orders for goods and services over the
Internet, call centres, interactive TV or from high street point of sale.

* DataCash's payment solutions allow merchants to accept a wide
range of payment options, from credit cards and direct debits, to emerging
payment types.

* DataCash's reporting and management tools help automate the flow
of complex payment processes, such as recurring billing, chargeback workflow
and payment reconciliation.

* DataCash partners with and connects to an ever-expanding network
of payment processors and payment service providers to offer merchants a
single source solution.






This information is provided by RNS
The company news service from the London Stock Exchange

[stuart37] 07/12/2005 09:48

Reading between the lines and talking to others this has all the hallmarks of a "loss of confidence" vote in the CEO - with other Data directors lining up a replacement before Cave is pushed so that the market does not read this negatively.
S

[stuart37] 06/12/2005 16:03

BB,
Not sure how much equity Cave has but he's quite new so doubtful that he holds more than few % of the equity - in which case would it really matter if he opposed a takeover because the shareholders could force an EGM and take a vote regardless?
S

[britishbear] 06/12/2005 13:34

Interesting - market likes it.

Reasons?

1. Takeover and CEO opposed so was pushed

2. He has a terminal illness or a relative has a serious illness

3. He is stealing all the ip and setting up a rival company or was caught doing so.

4. They have got an excellent replacement set up and CEO has a sulk and resigned.

I suspect it will be linked to (1)

[stuart37] 06/12/2005 10:29

BLT,
very rare for the CEO to leave with immediate effect without there being some sort of problem behind the scenes - not with the numbers but with him personally perhaps.
I shall try my sources and see what i can find out!!
Stuart

[bitterlemontart] 06/12/2005 08:00

Directorate Change

RNS Number:1771V
Datacash Group PLC
06 December 2005


6 December 2005


DataCash Group plc ("DataCash")


Directorate Change


The Board of DataCash Group plc announces that Terry Cave, Chief Executive
Officer, has resigned for personal reasons and has left the Group with immediate
effect.


The Board has identified his successor, and expects to make an announcement
shortly, with a view to him joining in January 2006.


DataCash will make its usual pre-close announcement in January, and is confident
that City expectations for the year ending 31 December 2005 will be met.


Enquiries:


DataCash Group

David Bailey/Gavin Breeze 0870 7274760






This information is provided by RNS
The company news service from the London Stock Exchange

[britishbear] 05/11/2005 20:41

Interesting - the director sales may therefore have been to boost liquidty and to keep the instutions sweet.

Can't help thinking DATA has a lot lot further to go.

This is a classic buy and hold - I really should buy more but a lot of cheap shares about at the moment.

[stuart37] 04/11/2005 09:56

Baheid101 - Thanks for the info.

[baheid101] 03/11/2005 14:43

institutional demand - Standard Life have bought a stake from a mixture of director sales and another institution (Fidelity) following an investor roadshow in Edinburgh last week apparently

[wiganer] 02/11/2005 13:21

Director sells 1.78%...

[zapa] 01/11/2005 10:34

just about to ask,weird?

[stuart37] 01/11/2005 10:00

Unusually large trading volume today - so far approx 13% of the co has allegedly changed hands - anyone in the know??

[zapa] 28/10/2005 14:43

Agreed on all fronts.

[britishbear] 28/10/2005 14:40

How could you tell? :-)

More like £250's worth.

DATA could bounce nicely off these levels back to 1.30. Can't argue with a 20% rise but there are bigger fish to fry just at the moment.

[zapa] 28/10/2005 13:48

That you BB?250k's worth.

[baheid101] 27/10/2005 09:21

thanks BB - another new channel for Datacash:

DataCash, the UK's leading payment services provider, has partnered with Reporo's award winning mobile shopping service to add mobile phone transactions to its portfolio of multi-channel payment services, alongside Internet, Call Centres, Unattended Payment Terminal (UPT) and Interactive TV.

The Reporo partnership represents the latest step in DataCash's strategy to integrate with best of breed technology partners to supply customers with the widest range of payment methods available. It allows retailers to make their web based shopping sites available to customers via a wide range of mobile handsets, as part of an integrated multi-channel strategy.

Reporo is the first mobile shopping service which can be used by anyone with a GPRS phone across multiple operator networks, including O2, Orange, T-Mobile, Virgin and Vodafone. It is already used by over 20 retailers including Blackwell's, Curry's, CD WOW!, Dixons, Firebox.com, Kitbag, PC World and 0800Flowers.

Gavin Breeze, Development Director of DataCash, comments: "Non store-based sales now represent a fifth of total retail sales and industry analysts predict that percentage will grow significantly. The mobile handset offers a significant new channel to complement Internet sales and is a natural extension of our multi-channel portfolio. We want our customers to benefit from the widest range of payment solutions currently available in the UK. The Reporo mobile shopping service offers a fast, convenient and secure method to boost sales."

Richard Watney, Managing Director of Reporo, adds: "This partnership represents an exciting development for mobile shopping. By the end of this year, there will be 45 million live mobile handsets in the UK, compared with 12 million broadband Internet users. The Reporo shopping service allows mobile users to browse and purchase products, offering a clear opportunity for retailers to reach shoppers on the move."

The Reporo shopping service can be integrated to a retailers' existing online operation within just a few days. Orders are linked directly with the retailer and processed through DataCash's online payment system. Credit card details are input once, during the initial registration process, and payments are authorised by a personal four-digit PIN which is known only to the user.