Globaldata Share Discussion Threads

[bitterlemontart] 09/6/2006 10:17

are on the way....

[bitterlemontart] 09/6/2006 10:16

Upgrades....

[samg99] 07/6/2006 08:37

BTW, in case anyone's wondering why DATA has displayed the following characteristics over the last week:

1. A lot more intraday volatility

2. Generally has much wider spreads, and

3. Dealing quantities by MMs is much smaller......

the answer is that last week, it went over to the LSE's wonderful, new improved setsmm system, which has improved liquidity and tightened spreads - NOT.

[bitterlemontart] 07/6/2006 07:50

Datacash Group PLC
07 June 2006



NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of listed company

DataCash Group Plc

2. Name of shareholder with a major interest

Universities Superannuation Scheme Limited

3. Please state whether notification indicates that it is regarding the holding
of the shareholder named in 2 above; or in respect of a non-beneficial interest;
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

Shareholder named in 2

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

-

5. Number of shares / amount of stock acquired

-
6. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)

-

7. Number of shares / amount of stock disposed

-

8. Percentage of issued class (any treasury shares held by the listed company
should not be taken into account when calculating percentage)



9. Class of security

Ordinary share of 1 pence

10. Date of transaction



11. Date listed company informed

5 June 2006


12. Total holding following this notification

3,775,000

13. Total percentage holding of issued class following this notification (any
treasury shares held by the listed company should not be taken into account when
calculating percentage)

4.2%

14. Any additional information

-

15. Name of contact and telephone number for queries

Keith Butcher - Finance Director [phone]


16. Name and signature of duly authorised officer of the listed company
responsible for making this notification




Date of notification

06 June 2006


The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.







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

[kdwilson] 10/5/2006 10:26

this is startinbg to look a little overdone..starting to chop position as i suspect there will be a better level to get back on at some point over the next week or two...but like this long-term

[bitterlemontart] 10/5/2006 07:45

Buy Buy then!

[woodcutter] 10/5/2006 07:01

i dont disagree with your comments on selling but i feel there will be some correction in data shortly and if i want to invest in fpa which i think is a better play i haven't the spare cash and of all my investments data looks the most fully priced. We all have to make these decisions and i've made more than a significant amount from data having been in for many years from near the bottom. fpa is much better value right now and it's a play between how much you think they both might rise, my feelings are there is much more to go with fpa.

[samg99] 09/5/2006 22:11

rochdae - agree with you 100%. Can't believe that anyone long DATA would be selling purely on a guess of where the top might be. Enjoy the ride as long as it lasts...that's my view.

BTW, it's XD tomorrow (paid on 16th June) - only 0.75p so it shouldn't knock it much, but remember that MMs like any excuse to shake people out!

[rochdae] 09/5/2006 21:50

The time to sell is when the share price starts to fall, not when its going up like a rocket.

Need to distinguish between what you see and what you feel imo.

[woracle] 09/5/2006 20:36

Hi Woodcutter,
I bought 3K of FPA first thing this morning on a quick read of the results. Worth keeping an eye on PPT also in the coming months..Slightly different market and geography but payments all the same. Just realised I still have about 1K of DATA which will prob get rid off once a new trading range is found here..

[woodcutter] 09/5/2006 17:47

Sold out of Data and now looking at fpa which i think is a better play. Data may have further to go but doesn't have the same potential as fpa which i feel has better earnings growth potential across usa and europe markets. At 16 cents (roughly 10p/11p) for the quarter and growth in turnover and profits we could see 40+p earnings for the year which is only a per of about 9 for the year, less than half data.
I mentioned fpa some weeks back and note the recent and previous comments by Woracle and tend to agree with his thinking. So buying fpa tommorrow.

[rochdae] 09/5/2006 10:08

Although the points about valuation and sector are well made, the fact is that the share price is still rising and so attractive as a short-term trade.

[woracle] 09/5/2006 08:50

maybe .. but synergies are yet to be proven and how much we can only guess. You have have thought they would have won some business from card present merchants from cross selling but they didnt really. The jury is still out and I think there isnt that much room for disappointment. Not saying they cant grow at 30%+ for the foreseeable future, but I just prefer others thats all..
But you are right, at 160M+, they are starting to appear on the radar of some institutions and that alone may give it price momentum.

[kdwilson] 09/5/2006 08:43

you are missing the point. The earnings uplift that the combined businesses will generate arent being factored in - the multiple is way lower if you assume conservative synergies. This is a transformational deal and almost always this allows companies to deliver a strong performance over the following months as more investors and institutions buy in. This will inevitably pull back shortly as people take profits but then it will steady out and start to climb gradually and will certainly be through 200p before too long

[woracle] 09/5/2006 08:20

Talking of other payment processors, just seen the 1st Qtr results for Fireone FPA this morning. Same capitalisation as the enlarged DATA group but half the EPS. 1st Qtr revenues $25M, PPT $8.2M, EPS 16c. Extrapolate that,and you have a business a lot lot bigger than DATA and growing a lot faster..compared to Q1 2005, revenues uo 69% and PPT up 89% !!

DATA is a twice as expensive and not sure how much synergies will be gained from enlarged group considering they didnt from the CP area, so have decided to switch to FPA as a payments play. Good luck here !

[kdwilson] 09/5/2006 08:16

Happy to pay a few quid in churned commission as i caught a 15p rise after!!

The deal is very good because it puts Data on the radar for larger predators. My guess is that is the exit route for management and the new chap who owns 50%. Someone will bid 250p+ for this now. Comparable acquisitions in the US are being done at 30x+ in this space. Do not sell here as it needs to keep re-rating on the new numbers and probably wont be around in 6 months tme!

[woracle] 08/5/2006 20:52

Interesting..effectively a reverse takeover considering the man in charge is now Ashley Head. I think Data had to do something cause they were too small and were running out of ideas in a niche market which wasnt gonna get them very far very fast. Now they have joined up with a company about 60% bigger than itself and not that much overlap for the same price as itself..a good deal on the whole.

However, the enlarged group is valued at a rich 156M today. Combined T/O is 15.6M, PBT 7.2M. Historic PE now 21. Not a bargain but not expensive..Worth watching again to see how the combined group performs but now very similar markets to a few other quoted payment processors.

[kenbachelor] 08/5/2006 16:59

Well I would have thought that today's rise would have prompted a bit more enthusiasm than it has.

I bought 10,000 of them at 168.79p when they were called Auxinet and this is the first time they have closed making me money - about £5!!!

[samg99] 08/5/2006 13:34

kdwilson - your stockbroker must love you ;-)

[rochdae] 08/5/2006 12:34

Haven't been in data for more than two years, but picked up some this am.

Seen this sort of synergy/growth through acquisition before, and the market is normally receptive to these initiatives esp. in these bullish times.

[kdwilson] 08/5/2006 12:08

changede my mind - back in. this deal is transformational and i dont this this will pull back but rather re-rate towards 200p!!