Globaldata Share Discussion Threads

[scburbs] 02/6/2009 21:43

Davidosh,

I am still short here, although closed some at £2.10-£2.20. I have been short here for a long time and DATA has outperformed my expectations, particularly with the way it managed to replace the lost US gaming profits very quickly.

Still looks very highly rated so holding the balance of my short position. However, danger is that DATA takes advantage of cheap prices for acquisitions to buy profits and then those profits get rerated to DATA's rating. Overall though it looks too expensive to me and my position is also a long hedge rather than a core short position, although it doesn't really move with the market.

In this sort of industry people buy contracts so I suspect an element of DATA's amortisation charge should be included in the eps assessment which makes them look even more expensive than they do on adjusted eps alone.

[davidosh] 29/5/2009 09:34

Apologies for announcing here but I have just gone short as a hedge to my longs at £2.60. It looks to be turning down and the valuation is very stretched IMO. New CEO etc and going into a possible difficult period for any company downside looks big. Any comments ?

[kenbachelor] 06/3/2009 09:07

Sorry folks, but I sold 5,000 yesterday and when I tried to do the same this morning, my broker rang to tell me that if I keep doing this I will smash the market. I didn't know it was that fragile!

[scburbs] 23/2/2009 22:02

It is fair to say that DATA looks like a bit of a step up from the Freedom4 JV which was very much a start up with no revenue. Toucan was slightly bigger having been bought by Freedom4 for £26m, but still very much small fry compared to DATA. Risky move or is he the right man to step up to running a £230m market cap group?

"The Wireless Joint Venture is an early stage business, with no material revenues to date. For the year ended 31 December 2007 the Company's share of the Wireless Joint Venture is currently expected to be a loss before tax of £1.8 million. As at 31 December 2007, the Company's share of the net assets of the Wireless Joint Venture was approximately £8.1 million."



DataCash Appoints New CEO Joseph Blass

The Board of DataCash Group plc is pleased to announce the appointment of Mr
Joseph Blass, 39, as its new Chief Executive Officer from 2nd March 2009.

Joseph has previously held a number of senior managerial positions, including
starting-up and managing Toucan, a residential telecommunications company, which was subsequently sold to Pipex PLC, and most recently as CEO of FREEDOM4 Ltd, a joint venture between Intel Capital and FREEDOM4 Group PLC (previously Pipex PLC) that holds a nationwide WiMAX license and operates a WiMAX Network.

Ashley Head, Chairman of DataCash, said: "We are delighted that Joseph is
joining the Group and are confident that his experience and management skills
will be of great benefit to the Group. We are a fast growing business with high ambitions and a myriad of opportunities. Joseph has demonstrated the ability to deliver ambitious growth targets and seize opportunities in his previous roles. We are confident that he will do the same for DataCash."

[interceptor2] 15/1/2009 18:56

The trading statement was very positive, and I was ready to invest this morning, then I read the ceo is resigning to take up a position with a private equity company. With this bit of news I feel this has held the price back on what should have been a very profitable day.

[scburbs] 15/1/2009 12:30

Good trading statement. How important is the loss of the CEO?

[irvbox] 15/1/2009 08:46

Nice to hear some good news for a change!!

[woracle] 28/11/2008 11:00

Online retail is already down in USA 4% vs last Nov. First time since records began in 2001.



UK/Europe to follow I reckon and this will de-rate to a PE of about 6 or 7 along with other small caps..

[scburbs] 17/10/2008 13:29

Well that was short lived!

[scburbs] 17/10/2008 12:57

Thanks Hosede, I am pleased to say that the share price seems to have responded promptly to my complaints that it wasn't moving in line with the current bloodbath (although a rather longer wait from my initial short position during which time the world has become a very different place!).

A few directors getting itchy feet to realise some more value before it disappears or institutional shareholder also with itchy feet?

[hosede] 17/10/2008 10:48

You're well in the money now Schurbs - trouble to me was that until last few weeks the Chart was looking quite bullish - looking like it might hit new highss

[hosede] 10/10/2008 16:17

Well done for waiting Schurbs - I got bored and sold out at 305 - (short at 320)

[scburbs] 10/10/2008 08:43

All my short positions are performing well with the sole exception of DATA which continues to show very impressive gravity defying abilities with only a small decline amongst a bloodbath. Never mind, I can wait.

[woracle] 04/9/2008 09:11

Still walking on air it seems ! Solid 20% growth these days, sharply down from the 50% of old. But still priced at PE 30 this year. Wierd..

[hosede] 13/7/2008 00:05

Yes seems to be walking on air! - always a huge number of very small buys (30-50 shares) absorbing the sells - employees benefit trust maybe

[scburbs] 26/6/2008 22:23

Directors continue to be massive sellers. Amazing that this has held up so well. It has a massive P/E rating and the directors have been regular sellers.

[kenbachelor] 19/6/2008 17:45

I was expecting this to break through its prveious top, but I'm disappointed. DATA Any Idea why the drop today?

[jojo] 19/5/2008 12:09

For comments on free and commercial Data Feeds and charting packages.

I'll add some comments later today/tomorrow morning.

[hosede] 08/5/2008 10:16

Times article yesterday on DATA's results: verdict neutral - fairly priced

[dasv] 07/5/2008 11:29

hosede - no don't follow SPI - it's a support services company like datacash but operates in sectors I have no knowledge of. I do know datacash from my work and have programmed OLTP systems using their API (that's how I came to know about them some 6 years ago).

[hosede] 07/5/2008 11:08

Dasv
Do you follow SPI? its on a similar multiple also fast growing (maybe faster than DATA) also with almost nil TNAV, but to my mind in a much more defensive sector - my guess is that the people who think the bottom has been reached are going to be sadly disappointed

[hosede] 07/5/2008 09:55

Agreed generally, though DATA is in retail sales which is not a bullish sector. At the moment you need an earnings yield of around 6% (PE 16) just to keep up with "real" inflation. That's why I think 30 is excessive. I certainly can't see there being a rush to buy though as has been said on this board before the shares are tightly held

[dasv] 06/5/2008 17:43

I think the bear market thing is a generalisation and only applies to certain sectors and types of business.

Try telling the oil and mining sector its a bear market.

Even in other sectors many have called the bottom already. FTSE on a PE of 12 - is pretty much the lowest its been for a decade or more.

The point is whatever the wider market, if a company can meet/beat its growth forecasts then share price is sustainable.

If you believe DATA will not, then by all means short away. I myself have no position here at present although I used to.

[hosede] 06/5/2008 17:28

Sure in a raging Bull market you would expect this sort of thing, but most bear markets end with the average PE in the 5-8 region.