Globaldata Share Discussion Threads

[commsman] 19/8/2010 21:21

well im down !!!!!!!!!!!! paid 57p per share in 2000 corperate exec and bought 3508 shares--- £2040

then bought 1923 shares at 26pwhen changed to auxinet in 2000 cost £522

share were then consolidated from 5430 to 543 by datacash

so i have spent £2500 in 2000 and now 10 years later will get 543 x £3.60 so £1933 back so not a great day for me £600 down

over the years looked at bringing margin down but felt i was throwing more money at bad money..

been a learning curb as i have never traded since 2001 after a few similar bad buys

[hallypants] 19/8/2010 20:24

double bottom?

[kenbachelor] 19/8/2010 19:51

Commsman - You will receive a cheque in the post if you've got them in certificated form. Just wait.

Just think - I sold 10k in March last year in 2x5k parcels. When I put the second order in, myBroker rang me and asked how many more I intended selling as I was killing the market.

[commsman] 19/8/2010 19:43

hi guys im lost a bit here ...

had corporate exec then changed to auxinet now datacash.....

im still losing money!!!

do i need to sell these shares or do the registrars capita automatically write out to me asking for share certificate return for a cheque..

im, totally lost??

i guess you dont get mastercard shares in exchange... help guys

[brownie69] 19/8/2010 16:12

Wow!

Was still trying to pick them up thus fully invested in the stock, but a nice killing none the less:-)



Sportingbet going to be the next takeover story:-) as usual DYOR..

[woracle] 19/8/2010 13:11

Well, my post of 1635 was very relevant and is a real result for all holders. It was obvious Mcard were gonna copy VISA...they always do. Its like Coke and Pepsi. Just rather surprised it was Mcard who bothered with such a relatively small outfit but I guess Mcard are relatively weak in Europe compared to VISA and had to be seen to be keeping up.. Well done to all holders.

[shauney2] 19/8/2010 09:51

What a good call that was brownie. Hope it was your big toe.

Not holding but well done to all who do.

[pugg1ey] 19/8/2010 09:25

I'll put you onto my list of knowledgeable posters brownie :-)

[georgio44] 19/8/2010 08:55

Good call Brownie and well done Ken !

I made a small profit earlier with DATA but lost it on BP.

Done well recently with NTA & GGG tho !

[slim9] 19/8/2010 08:32

Welldone Ken..............

[brownie69] 06/8/2010 08:27

Just starting looking at DATA and dipped a toe in the water. Looks to have been cheap for a while on a fundamentals basis. Excluding cash PE of 10 on forecast earnings for a growth company and paying a small but useful divi.

Could well be a takeover target is share price does not reflect fair value which I see as 15 times earings Target thus 350p

What am I missing?

[tell it as it is] 25/5/2010 17:11

Former Datacash FD Keith Butcher (until end 2006) has gone to Neovia. Is that good for Neovia ? Do they compete with Datacash ?

[georgio44] 01/5/2010 11:29

Sold remainder @ 229 (Bought @ 210)
Put it into BP. @ 578 EEK !!!!!!!!!!!

[georgio44] 29/4/2010 00:31

Reduced at 238 and again at 235, so will see how the share price goes on Thurs am.
Will sell remaining if it continues to slide but may buy back in on the level out.
Might try new IPO KIBO

[woracle] 23/4/2010 21:39

Too much overlap imv and infact Data went down when news broke . Data's recent rise was before any news of the VISA bid came. So rise in last month not related imv. Just following tech markets which had a great month.

VISA have got what they wanted in Cybersource so no need to buy Datacash. VISA didn't pay that much because it was worth it based on the revenues/earnings.. they bought it because they are so scared and fast losing e-commerce transactions to the upstarts like Paypal. Also, ex-CEO of VISA is on the Cybersources board. This kind of networking always helps get a good price. Mind you, Mastercard need to get into that ecommerce space sharpish too... personally I think Datacash much too small and non global reach to be attractive as the vehicle for the big boys. Plenty of bigger global players to buy. Worldpay will be sold by RBS to private equity probably any minute now for $5Bn+. Datacash is a relative minnow and size clearly matters now especially with the big fish now seriously entering the space. Good news is consolidation, bad news is big bad competition. If Data don't get involved in the former... next few years could be trouble...

[investory] 23/4/2010 17:57

I would suggest the reason its up is because VISA are buying Cybersource for $2 billion on around a 29x multiple



DataCash would be a good fit with Cybersource and so could be a potential target.

[kenbachelor] 22/4/2010 08:44

Have you topped up yet Chase, cause there's nothing appearing on my screen?

[chase] 21/4/2010 20:54

Topping up tomorrow.

[georgio44] 17/4/2010 11:43

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 20:03

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.