Globaldata Share Discussion Threads

[chase] 21/4/2010 19:54

Topping up tomorrow.

[georgio44] 17/4/2010 10:43

Bought in today @ 210 (looking for 250+).
DATA being tipped, so took a look and liked what i saw.
Decent Chart, Cash, Profit and went up on Friday when pretty much everything went down (in my Portfolio anyway !).

[chase] 29/3/2010 19:03

any others interested in this?

[dasv] 23/3/2010 13:28

Here is the article - a bit light on explaining the downside (high overheads, currency hedging or lack of it and small revenues)



DataCash

AIM-listed DataCash is a British company but it was events in South Africa that dominated yesterday's full-year results from the payment processing specialist.

On one side, DataCash draws more than half its sales from gaming and bookmaking (clients include Betfair, Ladbrokes, Paddy Power and William Hill), so it is an obvious beneficiary from an increase in football betting surrounding this year's World Cup - especially given subdued summer trading in 2009. On the other, DataCash has extensive back-office operations in South Africa, where about £7 million of its costs are denominated in rand. With the rand about 15 per cent higher against sterling on the year, analysts at Canaccord Adams estimate that adverse currency moves could knock £1 million off this year's pre-tax profits, forecast at £19 million. So it is that, although DataCash reported better than expected numbers yesterday - adjusted pre-tax profits up 14 per cent to £16.6 million on sales ahead 32 per cent to £32.9 million - analysts left current-year forecasts on hold.

But DataCash has much to commend it. A growing roster of blue-chip clients (non-gaming customers include Boots, Tesco and ticketing for the O2 stadium) and the inexorable advance of e-commerce mean it now processes 21 million transactions a month, against 235,000 at float ten years ago. DataCash should also benefit from disruption in it sector, where a swath of rivals (RBS WorldPay/Streamline, GlobalCollect and Belgium's Ogone) are up for sale. Prices for processing payments (now 5.9p a transaction) continue to fall, but rising volumes should more than offset the hit.

At 187½p, or 13 times 2010 earnings, the shares are a buy

[mtness] 23/3/2010 13:01

It was recommended in The Times today - don't like the chart myself though

[dasv] 22/3/2010 21:39

sp still seems a bit rich to me on the basis of revenue, earnings, costs. Don't like the sound of admin costs in SA Rands either with sterling devaluing at a rate of knots.

[cnx] 22/3/2010 19:46

and interims can be paid prior to shareholder approval, i think

[redleafboy] 22/3/2010 19:37

New higher tax regime that is on the way?

[kenbachelor] 22/3/2010 19:08

Yes - I'd like to ask a question. Why pay a second interim dividend rather than a final one? Am I missing something?

[redleafboy] 22/3/2010 17:55

Any comment on todays RNS?

[kenbachelor] 17/3/2010 16:11

After weeks of rapid erosion and a second interim dividend, we've suddenly got a positive move with no apparent cause.

Ideas anybody?

[dasv] 01/3/2010 19:38

I'm sticking with the idea that only 120p-150p is reasonable value on the basis of EPS. Admin costs still too high. Should be a much higher margin stock than this.

[johndee] 25/2/2010 16:55

I always thought of getting back in.........maybe I will if that happens then.

[bonio10000] 25/2/2010 16:53

I see.

Mind you - the performance and the development over the last few years has been decent.

Can just see a slide as newer buyers lock in profit.

[johndee] 25/2/2010 16:50

yeah started at 60 pence feb 29th 2000........then share split 10 for 1.......but when it was 60 pence it was same value as 600 pence now. Was soon below 50 pence though.......within hours of coming back from suspension. Was suspended at 5 or 6 pence before xmas 1999......came back about 10 times more value........I held through the suspension.......missed to sell when offered 56 pence..........got about 25.6 pence in the end......equiv to 256 pence now.....was ok as I bought them at 1.25 pence......18 fold........best one I ever had.

[bonio10000] 25/2/2010 16:45

????????

Not unless there has been some short of share split.

[johndee] 25/2/2010 12:56

To think they were almost 600 pence once...........

[bonio10000] 25/2/2010 12:31

Finally broken 200p.

would expect a slow decline from here, unless the results are spectacular.

[cnx] 16/2/2010 02:49

m1tu

it is now mid feb

[dasv] 13/10/2009 10:20

oh yeah? why?

[m1tu] 13/10/2009 08:53

data cash share price wil explode first week november.

[scburbs] 15/9/2009 12:55

The thing about issuing a replacement statement is that it is embarrasing. Given how embarrasing it is, it is advisable to do your best to get it right second time. DATA appear to have fallen down on that basis and not changed the June 2008 to 0.4p in the overview section!

"Interim dividend increased by 25% to 0.5p (June 2008: 4.0p)"

[davidosh] 15/9/2009 12:04

The Admin expenses are rising faster than revenues.... not a good sign. That dividend has just been slashed 90% too. I thought it looked too high.

RNS Number : 0834Z
Datacash Group PLC
15 September 2009

DataCash Group Plc announces the following amendment to the Half Year Results Announcement released on the 15 September 2009 under RNS number 0420Z. In the Overview section on the first page of the announcement, the final bullet point should have read that the interim dividend increased by 25% to 0.5p (June 2009: 0.4p) and not 5.0p (June 2008: 4.0p) as previously reported.

All other details remain unchanged.