Globaldata Share Discussion Threads

[kdwilson] 08/5/2006 10:59

that's it for me - now on a punchy valuation so im selling and will look to pick it up again on weakness over the next few weeks

[woracle] 18/4/2006 22:48

I finally sold last week after holding for 3 years. The underlying EPS was 5.65 and with forecasts at 6.04 and 7.40p for 2006 and 2007, thats 7% and 22% growth for next 2 years. For me, thats very disappointing and doesnt justify a current forward PE of 23. Theres plenty of other smaller companies out there on half the forward PE and a lot more projected growth. Todays announcement doesnt instill too much confidence either. If the fund managers are correct and theres gonna be a cyclic switch to large caps, this will get hit hard. Capitalised at 65M with 4M in cash. T/O was 6.1M going up to 7.5M for this year. Not a bargain anymore on any measure.

I'm very disappointed they havent capitalised on the card present market with all the changes in chip and pin happening in the middle tier. I was holding for that primarily. Even partnered by IBM, and 4 systems integrators annouced a year ago, they've only announced 1 major sale with Andromeda in this area in the last year. Its a once in a lifetime change in payments for these mid and lower tier merchants and yet Datacash have failed to capitalise.

Good luck to all holders and hope to get back in if theres new evidence that the Card not present sales are forthcoming and earnings are back growing at 30%+.

[woodcutter] 18/4/2006 16:53

Why are people selling based on todays news, i.e misinterpretation of comments at time of results in respect of future profits. With the world cup coming up and such a large proportion of transactions linked to the gaming entity added to the fact that Xmas next year will be another year of increased internet spending, there is only one way the profits are going next year and the time to sell may well be as we get closer to the results for end of year.

I have a reasonable size holding in DATA and I am a long term holder from way back and have always seen these as a five year hold mimimum. I might be sitting on a handsome profit now, but in two years time it will be even better.

This short term selling based on this news is in my opinion poor judgement.

[blender] 13/4/2006 10:59

Any thoughts on how the eu competition comission shake up of card processing charges is going to effect datacash?

[bitterlemontart] 11/4/2006 15:15

Datacash Group expects good revenue, profit growth in 2006

LONDON (AFX) - AIM-listed payments service provider DataCash Group PLC said
full-year adjusted pretax profit was 2.53 mln stg compared with 1.52 mln stg a
year earlier.
Turnover grew by more than 30 pct to 6.12 mln stg from 4.64 mln stg in 2005,
reflecting the continued growth of the core business of Card Holder Not Present
transaction processing.
DataCash said transaction growth remained strong, rising by 22 mln to 63
mln, with particular progress from retail customers, reflecting the increasing
willingness of UK consumers to buy online and the increased penetration of
broadband.
The gaming market, which provides in excess of 50 pct of transactions,
continued to see good growth, the group added.
The company will pay a final dividend of 0.75 pence per share.
Looking ahead, the company said it is confident of further significant
growth in all target markets in 2006 and looks forward with confidence with
expectations of good revenue and profits growth in 2006.

[e-mail]

[maldone] 11/4/2006 14:34

Excellent results with this!

[britishbear] 11/4/2006 14:33

.....which is the reason I sold out a few months ago. A lot of investment has gone into the chip and pin set up and it has just not taken off.

Still a good company and I sold to early (£1.30ish).

Will keep on eye on DATA

[zapa] 11/4/2006 09:56

........but failing on the chip and pin side.

[swiftnick] 11/4/2006 08:38

The trick to understanding these is to strip out the charge for amortisation of goodwill in the P&L and similarly to strip out the intangibles in the balance sheet. On that basis the company is doing well, generating both profits and cash.

Note the references to the gaming market. Ladbrokes is one of their biggest customers.

[bitterlemontart] 11/4/2006 07:45

Any comments?

[bitterlemontart] 11/4/2006 07:30

Datacash Group PLC
11 April 2006

Tuesday 11th April 2006

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

DATACASH GROUP PLC ('DataCash' or 'the Company')
FINAL RESULTS


DataCash Group Plc, the AIM listed payments service provider, announces its
results for the 12 months to 31 December 2005.

Overview

• Adjusted pre-tax profit* up 66% to £2.53m (2004: £1.52m) - equivalent to an
underlying EPS of 5.65p (2004: 3.40p)

• Turnover up 32% to £6.12m (2004: £4.64m)

• Cash balance of £4.90m (11p per share) (2004: £3.21m)

• Continued strong growth of the core Card Holder Not Present transaction
processing business - transaction volumes increased by more than 50%
year-on-year to 63 million

• Strong growth from retail and gaming customers

• Ongoing investment in technology infrastructure and new product offerings

• High profile contract wins in 2006 and a healthy pipeline of target
customers

• Increased dividend payment of 0.75p per share recommended (2004: 0.50p)
which is payable on 16 June 2006 to shareholders on the register at 12 May
2006.

• Board looks forward to the future with confidence.


* before goodwill amortisation, National Insurance provision on share option
gain and exceptional items.

Contacts:

Keith Butcher Finance Director, DataCash Group Plc 0870 7274760
Isabel Crossley St Brides Media & Finance Ltd 020 7242 4477



Chairman's Statement

DataCash Group plc made further good progress in 2005, with pre-tax profits,
before amortisation of goodwill, NI provision on share option gains and
exceptionals ('Adjusted pre-tax profits') rising more than 60% to £2.53m (2004:
£1.52m) and cash balances growing by £1.69m to £4.90m (2004: £3.21m). The Board
is pleased to recommend a 50% increase in the dividend for the year to 0.75p
(2004: 0.50p).

Turnover grew by more than 30% from £4.64m to £6.12m in 2005, reflecting the
continued growth of the core business of Card Holder Not Present transaction
processing. Costs also increased (by 17%) as we invested in our core technology
infrastructure and in our sales function.

Adjusted pre-tax profits grew by £1m to £2.53m (2004: £1.52m) and underlying
earnings per share were 5.65p (2004: 3.40p). We continue to benefit from
accumulated tax losses.

Transaction growth remained strong, rising by 22m to 63m (2004: 41m), with
particular progress from our retail customers, reflecting the increasing
willingness of UK consumers to buy on-line and the increased penetration of
broadband. The gaming market, which provides in excess of 50% of all our
transactions, continued to see good growth. Our strategy of using skills we have
developed to support the gaming sector to broaden our wider market opportunity
has been vindicated. We are confident of further significant growth in all our
target markets in 2006.

The strategy of offering a complete service to merchants, and not to restrict
ourselves to the online world, has taken some considerable investment and, so
far, has generated very little return. However, we are now seeing a growing
acceptance of the benefits of our approach and are confident the opportunity we
identified more than two years ago will make a contribution.

Product and infrastructure development saw significant investment in 2005 and
this will continue into 2006. The Group also sought to broaden its position both
in terms of product and geographical penetration which included an aborted
acquisition. Unfortunately, the due diligence process revealed issues that meant
the deal could not be consummated upon the terms previously agreed. The cost of
this is shown as an exceptional item of £402,000.

Andrew Dark joined the Group in January 2006 as CEO, bringing considerable
experience of payment systems. Andrew has already made a very positive
contribution and we welcome him to the Group.

I would like to thank all the employees of DataCash, especially Jane Reedy, who
was a Board director until May 2005 and who will retire shortly, for their
contribution during 2005, a year that saw good progress towards achieving our
strategic goals.

The Board looks forward with confidence and expectations of good revenue and
profits growth in 2006.


David Bailey
Chairman

[mbsolutions] 10/4/2006 13:20

Results are due tomorrow - very quite on here, anybody got any ideas?

[crickmay] 16/3/2006 10:23

Any ideas?

[chester] 16/3/2006 09:30

This is looking nice now.

[huwrayhenry] 15/3/2006 17:45

yea does..atlast

[chester] 15/3/2006 15:23

Looks interesting now.....

[aleman] 06/3/2006 16:11

Just drifting through. BLT - yes. Any shares repurchased within 30 days are matched against that earlier sale for capital gains tax purposes (unless the shares sold earlier were purchased that same day). So if you rebuy lower, you have crystallised an immediate profit for capital gains on the sale up to 30 days earlier, and the original purchase from the year before runs on.

[huwrayhenry] 07/2/2006 17:43

break 0n....wonder how far she'll go?

[samg99] 19/1/2006 21:53

Just had a thought: there is a useful FBB thread on Capital Gains Tax (epic CGT) where clever people often know the answer to questions like yours....might be worth posting your query there.