Globaldata Share Discussion Threads

[guythomas] 17/5/2007 12:41

looks like a break out..testing new highs... 280p in a few weeks

[kenbachelor] 14/5/2007 17:31

I'm a little surprised to see my chart above still there as there have been no posts for over 2 weeks.

We've now had a month of good consolidation in about a 7p range and it looks to me as if we are getting ready for the next break upwards.

[kenbachelor] 29/4/2007 14:55

What is there to say except that DATA has one of the most impressive charts there is, having taken the bad news about US gaming in its stride and the next target is at least 260p by the end of May or even 280p.

[wisecat] 29/4/2007 14:28

Would appreciate an update from fingers xxd and his charts. Is he still around?

[guythomas] 29/4/2007 09:36

yes and guess who has a partnership with datacash...little ol' Earthport EPO

[aerotus] 23/4/2007 16:08

The Company was informed that on the 20 April 2007 David Bailey, a Non-Executive
Director of the Company, exercised options over 150,000 ordinary shares of 1
pence each, 100,000 shares at an exercise price of 24.50 pence per share and
50,000 shares at an exercise price of 26.58 pence per share.

Blimey those look like very generous options!! Thats an instant profit of over £2.25 for each share?? Whats that all about.

[hosede] 23/4/2007 10:09

Kenbachelor
Good for you Ken - yes I thought it was expensive at 220 and sold out. Since I bought at 80 sold at 210, and bought back at 140 I've no complaints! Can't see what' driving it though. Growth is steady but not spectacular and it will be hit in a retail down turn. How can you justify a PE of over 30? Maybe its just me but these days I get nervous of anything with a PE in double figures:-)

[dasv] 21/4/2007 13:44

I read this quote on the AHT thread you may already know (by Warren Buffet)

"The stock market is an efficient means of transferring money from the impatient to the patient"

Even if the share price falls temporarily, I have no doubt Datacash will come good in the end. I've dealt with them personally, programmed using their software, and the company I work for uses them exclusively for OLTP. Good luck to all holders, I will buy back in on break-out or weakness.

[guythomas] 21/4/2007 10:23

300p in 2 months

[aerotus] 21/4/2007 09:06

Big director sell is always a sign that the best days have past. This has had a phenomenal run but the time for shorting does indeed look ripe.

[dasv] 21/4/2007 08:58

actually i sold this one following doing my own analysis. Made out with a small profit. My reason for selling was that I am not confident of upside this year. I think the odds are slightly stacked against them expanding their business sufficiently to compensate for the loss of the US-online-gambling revenue.

Of course I could be proved wrong - and I may well buy in on weakness. But for now I'm sitting on the sidelines and waiting to see what happens.

[guythomas] 20/4/2007 14:56

Maybe he is buying via spread bet...alot do

[kenbachelor] 20/4/2007 13:07

Hosede - Does that mean that you've already sold? I haven't!

[hosede] 20/4/2007 12:18

Director sells - I don't blame him

[dasv] 17/4/2007 15:21

EPS:-

(7800000 - (0.01 * 91250000))/91250000 = 0.0754

P/E = £2.5/0.0754 = 33.12

[woracle] 17/4/2007 15:20

Well, the forecasts are for EPS 8.6p only for 2007... so it must be the tax effect.

[scburbs] 17/4/2007 15:11

woracle, I don't think that is correct as they posted a £2m tax charge (almost 30% of £7.8m) which was taken into account in the eps of 8p. P/E ratio is 250/8=31.25. I think the comment you posted may be more to do with cash tax than the profit and loss account charge.

dasv, your share numbers are out of date following the acquisition. Check note 2 of the results for the companies eps calculation of 8.

[dasv] 17/4/2007 14:29

well noticed woracle

[dasv] 17/4/2007 14:28

scburbs et al, please correct me if I am wrong but current p/e on released results comes out at about 15.5...

EPS:-
£7800000 - (0.01 * 45577689 shares)
/
45577689 shares

this makes an EPS of 0.16

sp is a mid of £2.50 - 2.50/0.16 is 15.5
pretax profit minus dividend over number of outstanding shares

The question becomes - can Datacash continue to make money in the absence of the US gambling OLTP revenue?

[woracle] 17/4/2007 14:23

"The Group has now utilised all its accumulated tax losses and we expect to pay a full tax charge in 2007."

So they have to increase pretax profits by 30% just to keep EPS the same in 2007.