Globaldata Share Discussion Threads

[woracle] 25/1/2008 16:45

No doubt, but the rating of PE 35 is pretty racy now for something forecast to grow at 25% this year and 28% next, especially as we enter this part of the economic cycle. They have branched out into high street and card present processing too and leisure/travel in the last 18 months. Now these 2 new areas are gonna slow down for sure.
Reading the trading statement carefully, there were a few hidden negatives and early warning signs for me. Before the loss from EComm acquisition, results would be inline with expectations...ummm... They only bought that in mid Oct ! How much can they lose in 2.5 months to make that happen and forecasts were done after the acquistion and downgraded, so surely that was built in. Smacks of hiding a mild profits warning in the existing business or a bigger than expected loss in the acquisition..Notice no profit from EComm till 2009. Risky acquistion ? Be interesting to see detailed figures in April for any sign of slowing or bad acquistions. We shall see..

[dasv] 25/1/2008 16:12

woracle - on the plus side I rate Datacash as a company from personal experience and there is a trend towards more transactions on the web rather than the high street.

On the negative side a US/UK recession may hit transaction volumes.

Additionally they are potentially at the mercy of changes to gambling legislation.

I was considering a swing trade long from the bottom of the trend channel to the top but will probably leave it now.

[woracle] 25/1/2008 15:41

Couple of 90K buys has caused this. Convinced some fundy is still buying these. I wonder about fund managers sometimes..

[dasv] 25/1/2008 14:40

woracle - just hit 300. head and shoulders or trend resumption... let's see.

[woracle] 25/1/2008 13:56

But if can't break back through 300 , looks like a lovely head and shoulders.

[dasv] 25/1/2008 12:24

Have to say it looks like a resumption to the upward trend...

[kenbachelor] 22/1/2008 08:07

I'm a holder and have been since the Auxinet days, but DATA will be effected by any slow down in the economy so expect further falls from here. I'm jus going to hold mine though.

[scburbs] 21/1/2008 19:17

Wow this bear market is getting serious now. Even DATA has started to fall and it has a lot of potential as far as further falls go.

[hosede] 10/1/2008 16:21

I think you're right Nick -there does seem to be something holding them up at the moment.

[nickcduk] 10/1/2008 14:24

I sold a few this morning as I though cost growth in 2008 would hit the shares. Unfortunately there is a large buyer out there who has mopped up stock at 315p and continues to be happy enough to do so. It may take until they actually report results before we see any downward movement.

[woracle] 10/1/2008 08:55

I think they have afforded it same valuation as the NASDAQ competitors also on about PE 40. Thats a first for LSE !..or maybe people will finally wake up and get dizzy..

[scburbs] 10/1/2008 08:00

Looks like a solid 2007 for DATA with eps forecast (8.75p) almost met (shortfall due to recent acquisition).

2008 prospects look a bit tricky with additional operating expenses and continued losses from the acquisition. Possible downgrades of 11p eps forecast?

Valuation of nearly 40 times current year earnings continues to look stretched.

[johndee] 11/12/2007 16:42

peaked for time being.....likely to form a head a shoulders and drop........

[hosede] 11/12/2007 11:37

True but remember the old adage - "markets can remain irrational longer than you can bear the losses" at the moment all the momentum is up - I'm still waiting

[ok,yah] 07/12/2007 16:00

I too am short but can afford to be patient despite being underwater - The truth will out on these and they will drop like a stone some day

[hosede] 07/12/2007 10:20

Agree with you Scburbs - sold out of these at 220 - thought they were fully valued - bought back again at 140 after US gaming scare and sold again at 210. What they are doing at this price I have no idea, but the momentum is too strong to risk a short at the moment I think

[johndee] 06/12/2007 20:03

not too far away from its all time peak now......somewhere between 500 and 600 pence...................Wish I had bought some back after they dropped so far.

[scburbs] 06/12/2007 17:10

Who can blame him at the current valuation?

"The Company was informed today that David Bailey, the Deputy Chairman of the
Company, sold 100,000 ordinary sharer at a price of 306 pence per share.
Following this disposal Mr Bailey is beneficially interested in 605,562 Ordinary Shares which represents 0.66% of the issued share capital of the Company."

[wisecat] 14/11/2007 20:01

anyone out there. wheres everyone gone

[jollychappy] 23/10/2007 13:02

One of Datacash's largest US peers Cybersource is making an acquisition of a rival called authorize.net at 38x 2008 earnings. If Datacash was put on the same valuation this would give a share price of 420p vs current price of 290p, another 40% upside. Company fundamentals at Datacash look extremely good (see earlier posting). BUY

[scburbs] 12/10/2007 12:41

Yep, I would have had more money on the Spanish inquisition! This is now my worst short, but then so was CWP before it plummeted. In the same way certain shares can stay undervalued for a long time others can remain overvalued. I am going to remain short for the forseeable future, but nothing much to post about here for a while.

Congratulations to those who have ridden this up to £3.

[farnesbarnes] 12/10/2007 11:03

Well well, I don't think anyone expected 300p

[raybrown] 10/10/2007 16:20

Theres been a large rise in the last week, anyone know why? its not only on the back of good results, is it!

[raybrown] 10/10/2007 12:19

What happend to all the people who said sell!!

[wisecat] 06/10/2007 07:41

A NEW HIGH AND ITS ALL GONE QUIET