12 month price target 167p based on the new business likeley to be generated by rolling out their smart card offering also good management

a little upward movement has the tip got out ? or been duplicated by another tipster?

From UK Analyst.


Buy Conister Trust at 75p
Says Tom Winnifrith of t1ps.com
To catch Tom's next red hot tip TODAY - click here!

Conister Trust (CTU) has been running a sleepy car finance business on the Isle of man for years. It is a solid enterprise but - for obvious reasons - it has minimal growth potential. But in May of 2006 financier Jim Mellon invested 5.4 million buying new shares in Conister and taking a 29% stake. Mellon has brought in a dynamic new CEO, Jerry Linehan who is heavily experienced in financial services and Linehan is about to set this company on fire.

The Business Now

There are four parts to this business of which the first is a cash pile of 10 million. That limits the downside risk.

The second is the legacy car finance business. It is boring but, operating only on the Isle of man, it is safe enough. last year it achieved sales of c4 million and made an operating profit of 200,000. This year it will do the same again. Next year it will do the same again. Do you get the picture? This is not an exciting business but at least it covers 40% of the entire central corporate overhead of around 500,000 per annum.

The third leg is actually dormant. Conister has an Isle of Man banking license. With so many affluent tax avoiders on the Island this could be a useful avenue for future growth but for the time being it can be ignored.

What is so sexy is Mellon's new business - prepaid cards. These are credit cards which allow those without bank accounts to insert cash on and which can then be used like any normal debit card. Critically you can also have two cards on an account so my Polish cleaner Barbara can now top up her card here allowing her ageing mother in Poland to take out cash there with no transactional charges just a very competitive forex rate. In the US pre-paid cards are enormous and in Europe they are catching on.


Conister reckons that each card issued will net it around W10. Of this a third goes to the company that handles all card transactions and a third will go to the distribution partners who Conister is signing up to mass market these products. Additional income is earned (and split in similar ways) on each transaction (either putting cash on the card or taking it off) and the cost per transaction is about 1.20 There is also a tiny margin made on each forex transaction and Conister picks up all of the interest on cash balances on the card. I am lead to believe that customers typically make around 5 transactions a month.


This part of the business will be launched in March so what take-up will be is anyone's guess. But Conister is already signing up distribution partners, notably a large mobile phone company and its big push will be in the UK migrant worker market -n a part of the population which is largely outside the reach of normal banking services.

Meeting up with Linehan the other day he seemed relaxed with the idea that he could build up to 100,000 customers within a year of launch and perhaps 300,000 within two years. The man has done his market research, he knows this industry and so he may well be right but there is an obvious risk.

Forecasts & Valuation

If Linehan is correct my spreadsheets suggest that this operation could clear for Conister a gross profit of 1.8 million in the first year soaring to 6.6 million in year two, assuming that customer numbers reach 100,000 after 12 months and 300,000 after 24 months and that card usage rates are as stated. Since Conister will have an effective nil tax rate that means that even after absorbing half of the central corporate overhead it would be making a post tax profit of 1.5 million in year one and 6.3 million in year two. For a business which (ex-cash) is being valued at 21 million that is pretty good going.

What, you may say, happens if sales targets are missed. Just to check out I ran a model where sales of cards are only 1/6 of what the company hopes for. Even so this business would still record a year one pre-tax profit of 300,000 rising to 1.1 million in year two and to more than 2 million in year three.

Conister runs a calendar year so last year's numbers will not reflect any of this excitement and I'd expect a calendar 2006 loss of around 500,000. Frankly I do not care. This year will enjoy nine months of the Prepaid cards business and if my assumptions are correct that should see the group making an operating profit from cards plus cars minus central costs of 700,000. I shall ignore interest income which should be at least another 500,000 on top.

For calendar 2008 we could expect to see operating profits on the same basis clearing 3 million.

In terms of valuation, if one strips out cash the underlying businesses are, with the shares at 75p, being valued at just 21 million which on my numbers is a 2008 earnings multiple of 7, falling to - perhaps - 3.5. If Conister delivers the sort of growth Mellon hopes for then this business will be valued on, perhaps, 20 times earnings which would imply a one year out valuation of 70 million for the entire group (or 167p per share) and that would just be for starters. Operational gearing means that if this business works, its profits will race ahead in years three, for and five.

If take-up is much slower than anticipated I have still demonstrated that this will be a business recording a small profit and sitting on a cash hoard. With Mellon on board that has to limit the downside. On a risk reward basis Conister is very attractive indeed and at 75p my stance is "speculative buy" with a 90p limit buying price and a one year target of 167p.


Key Data

Market: AIM
EPIC: CTU
Spread: 74 -77p

Not so sure about the header on this thread Gordon but I believe this one could be a very solid play over the next few years, Mellon aboard with a 29% stake and a new CEO who as a good reputation. As a banking license aswell and 10 million cash underpinning it (1/3rd of the market cap) and no tax to pay.

I can see big developments here being built on top of the old business.

Bought a sizeable amount over the last 3 days and expecting big things.

This RNS more or less sums up which direction the new business will take.....

Conister Trust PLC
10 January 2007


Conister Trust PLC

10 January 2007


Conister announces the launch of two new strategic initiatives


Conister Trust PLC (AIM:CTU), an independent Bank based in the Isle of Man today
announces the launch of a new business division, TransBank, to issue prepaid
cards globally and a ground breaking Mobile-commerce initiative in partnership
with BSG Clearing Solutions (BSG), a subsidiary of Billing Services Group
Limited (AIM:BILL), a clearing and settlement provider for the telecom industry.

Launch of new business division TransBank to issue prepaid cards


The directors of Conister Trust are pleased to announce the launch of a new
business division, TransBank, for issuing 'white-labelled' prepaid cards. This
is in line with Conister's strategy of progressively repositioning itself to
focus on a number of E-commerce banking opportunities as referred to in the last
Interim Statement.

Prepaid cards are forecast to be one of Europe's fastest-growing markets, based
on September 2006 projections by market research firm PSE Consulting. 'Between
now and 2010, the European market for such cards is expected to more than double
each year with 360 million prepaid cards in issue and where this market alone is
projected to involve transactions worth 75 billion annually.' These figures
come in the wake of prepaid cards already having created a tremendous success
story in the US, Australia and Italy.

In the USA, the smaller, independent banks have captured the majority of the
growth of the prepaid card market and that experience is anticipated to be
mirrored in Europe. Conister has positioned itself to take advantage of these
opportunities. Conister is already a member of the MasterCardTM network and
expects to have Visa membership in early 2007. Prepaid cards issued by TransBank
will be 'network-branded, open-loop', offering the broadest spectrum of
functionality available to the industry today.

TransBank prepaid cards will enable customers to:-

buy and pay for goods in any shop that accepts MasterCardTM
withdraw cash at any ATM that accepts MasterCardTM
check the account status and recent transactions online
electronically transfer money to another TransBank card anywhere in the
world
make mobile phone top-ups
hold a card in one of 3 major currencies - or US$ or
reload the prepaid card's balance by paying in cash at various local
outlets

TransBank will be issuing cards branded for partners that have significant
distribution channels and the first prepaid cards issue is expected to be
launched in late January 2007.

Another large market for prepaid cards is the growing sector of migrant workers
- 190 million globally (Source: US Department of State), most of whom are
excluded from conventional banking services. One of the clients TransBank is
partnering with is a World Bank sponsored initiative to develop global migrant
workers cooperatives.

The expansion into the prepaid card market is an international addition to the
existing business of the Company as Conister Trust continues to serve the Isle
of Man community with financial services. As one of the world's leading
E-commerce locations, Conister views the Isle of Man as the ideal base for
turning TransBank into a globally recognised issuer of prepaid cards


Conister Trust PLC and Billing Services Group in ground breaking Mobile-commerce
initiative

Conister Trust and Billing Services Group have entered into a partnership to
jointly trial and market a solution for mobile operators to provide customers
with prepaid accounts which will allow them to spend and transfer money using a
debit card, a mobile phone or the Internet. The service will be especially
suitable to those mobile phone users with needs outside the scope of the retail
banking sector, such as parents transferring spending money to their children,
without the risks associated with cash or credit cards or migrant workers who
send funds 'home' on a regular basis. Latest estimates are that migrant workers
repatriate $300bn funds annually (Source: World Bank).

Conister, through its TransBank division, will manage banking services including
debit card issue and regulatory affairs. Billing Services Group will manage the
transaction processing in addition to the financial clearing and settlement
between mobile operators and retailers.

'The partnership with Billing Services Group marks a new stage in Conister's
business development. It allows us to claim a place at the forefront of the
market for prepaid Mobile-commerce accounts', commented Jerry Linehan, CEO of
Conister. 'We will be able to address the prepaid card market and in particular
the needs of migrant workers through mobile operators, harnessing their
technology and high brand value to provide a very competitive offer.'

'A key business goal for the mobile sector is to increase the proportion of
revenue earned from data services, including mobile commerce,' commented Randall
Brouckman, Chief Executive Officer of Billing Services Group. 'This service will
provide operators with a single, simple entry point into that mobile commerce
market.'

Jerry Linehan commented further, 'The key strengths of this partnership are
Conister's know-how from 70 years in the banking industry and Billing Services
Group's technical capability and strong customer relationships among mobile
operators.'


About Conister Trust PLC

Conister is a Licensed Deposit taker and Regulated Bank that has provided
personal finance in the Isle of Man and the UK for over 70 years. Conister have
now launched a new business division to issue prepaid cards, a market that
offers tremendous growth potential. Conister will be operating in this market on
a Business to Business basis.

Conister is a Company which is publicly traded on the London Stock Exchange
(AIM) under the ticker symbol CTU. For more information visit
www.conistertrust.com.

May aswell have a chart up and TA...

All you want to know about pre-paid credit cards...

What is a Prepaid Credit Card?

The definition of a prepaid credit card is: A payment card (usually MasterCard, Maestro, Visa Electron or Amex), pre-loaded with your own money, which you can then use wherever the payment card is accepted, including on the internet and abroad.

A prepaid card is much like the gift cards available from most high street chains in the UK, however, prepaid cards have a much wider acceptance, and can be used internationally. They are the same as credit cards, but without the credit. The majority of UK prepaid card providers offer cards embossed with your own name, and some are even CHIP & PIN cards.

Qualifying for a Prepaid Card

A prepaid card is not a credit facility, so you do not need to pass a credit check. Even if you have bad credit or CCJs you are guaranteed to be approved for a prepaid card. However, like most Money products, you are still required to provide details verifying your identity and address (for example a passport, driving licence or national identity card + utility bill or an official letter with your permanent or temporary UK address). Some of the UK prepaid card issuers will even verify your details online, and give you an instant approval. This is an electronic identity check, not a credit check!.

Prepaid Card Convenience

Prepaid cards do not get you into debt, as only transactions up to the balance loaded onto the prepaid account will be authorised. Therefore, you can only spend what you have paid in! Most prepaid card providers enable you to manage your account online or via an interactive Voice Response telephone service. So, you are always within easy reach of your balance.

As its your own money, and not credit, there are no interest charges, late payment or over limit fees. In actual fact, you dont even need to be 18 to apply for one!

You are in complete control of your funds, and do not need to carry around large sums of cash! In most cases, if your card gets lost or stolen, your remaining balance will be transferred across to a new account, and you will receive a replacement card.

The internet great discounts

Prepaid cards are widely accepted across the internet. They are issued under a MasterCard, Visa Electron, Maestro or Amex badge, and therefore have the same acceptance as credit and debit cards.

So, rather than paying cash in the high street, you can get some great deals online, and save s. Goods and services are usually much cheaper online, so you can grab some bargains using your chosen pre-paid card.

You can also use a prepaid card to register for services such as Ebay or Paypal. You can then grab even better deals, and pay via Paypal immediately. This replaces the need to send cash, cheques or postal orders, which can add another 7-10 days before you receive your goods.

One prepaid card issuer even provides you with purchase protection, so you get to enjoy the same benefits as a credit card holder!

Financial planning

You are in complete control of the funds that you load onto the card. You can even get authorised users added to your account with most of the UK prepaid banks, and they each get their own card in their own name. You can only spend what you have paid in, and you can look at your transaction history 24 hours a day via the internet or telephone, with most of the banks.

Some of the card issuers enable to you set-up pay as you go prepaid accounts. You are not going to earn interest on your money, but it provides a great way of storing up some emergency funds, or just left over cash for a rainy day!

THE MARKET CONISTER IS TARGETING.

Prepaid Money Transfers

Prepaid credit cards The new way to do international money transfers. Send money overseas quickly and economically!


Prepaid cards can be a great cost effective way of transferring money overseas. Its simple to add an additional card to your selected prepaid account, which may be sent to a relative or friend outside of the UK. The account can then be re-loaded with cash in the UK (via the Post Office for example), and funds can be withdrawn instantly abroad, in the local currency. ATM and foreign transaction fees apply, but depending on the transfer amount, its likely to be quicker and cheaper than most mainstream money transfer services!

http://www.which-prepaid-card.co.uk/features/prepaid-money-transfers.html

This should area of money transfer should provide Conister with an emerging relatively untapped market in the UK and Europe.

Gordon says tips have ...

12 month price target 167p based on the new business likeley to be generated by rolling out their smart card offering........ NICE.

Better get this out of the way before someone querys it..

The Company has received a petition from a minority shareholder alleging certain
irregularities in relation to the issue of 12 million ordinary shares in May
2006. The Board have taken legal advice and firmly believe that the petition
is wholly without merit and will defend such action accordingly.

ENDS

Spoke to the company and they reiterate the above.

From UK analyst...

If Conister delivers the sort of growth Mellon hopes for then this business will be valued on, perhaps, 20 times earnings which would imply a one year out valuation of 70 million for the entire group (or 167p per share) and that would just be for starters. Operational gearing means that if this business works, its profits will race ahead in years three, four and five

few small trades today would like to see some momentum and await first lot of news in March perhaps ??

glad to see you on board GF you still doing o.k ?

I've been dissalusioned with stocks last 12-18 months been in overseas property
in Morocco check it out @ www.allnewmorocco.co.uk

if anyone wants any background of the CEO Jim Mellon read his book

http://www.amazon.co.uk/Wake-Up-Survive-Prosper-Economic/dp/1841126918/ref=sr_1_1/203-5676985-6598361?ie=UTF8&s=books&qid=1172836776&sr=1-1

Hi Gordon doing very well mate thans for asking, I think this one will get your enthusiasm back on track for stocks, pecker up I say.

Looks to be a real corker of a rejig, rejuvenation. 10 million cash underpinning it aswell.

Strong balance sheet but looks like the old business will turn in a loss, this year but who cares with all this new business going on.

High margins aswell I hear.

Mellon as a fantastic track record.

trouble is this stock needs exposure, i'd never heard of it B4 but it's been around for ever.....
where is this going to come from ? TW?

Yep from TW and then the city will catch on, no probs.

Must admit the name doesnt do it any favours, most people will think its a unit or investment trust.

I can see this being changed in time with a lot more awareness for the business.

Nice to se the buyers still coming in, cant bee long before it ticks up again.

Prepaid cards are forecast to be one of Europe's fastest-growing markets, based
on September 2006 projections by market research firm PSE Consulting. 'Between
now and 2010, the European market for such cards is expected to more than double
each year with 360 million prepaid cards in issue and where this market alone is
projected to involve transactions worth 75 billion annually.' These figures
come in the wake of prepaid cards already having created a tremendous success
story in the US, Australia and Italy.

I asked TW to see if they can get them to Master Investor I think they could be a late entrant which would give them great exposure

Excelent thinking Gordon.

Would be great to get to the show but Im booked up fully that weekend.

From the recent RNS...


Prepaid cards are forecast to be one of Europe's fastest-growing markets, based
on September 2006 projections by market research firm PSE Consulting. 'Between
now and 2010, the European market for such cards is expected to more than double
each year with 360 million prepaid cards in issue and where this market alone is
projected to involve transactions worth 75 billion annually.' These figures
come in the wake of prepaid cards already having created a tremendous success
story in the US, Australia and Italy.

Read the full PSE Consulting Document here...

http://www.psel.co.uk/pdf/articles/cardproducts/pse_prepaid_who_will_win_v2_sep_2006.pdf

Pre-paid cards tipped for growth in Europe

European consumers are set to spend EUR75 billion by 2010 using reloadable pre-paid cards, which are targeted at customers that do not have a bank account.

According to a report by European payment consultancy PSE Consulting, stored value cards are expected to account for 2.3 billion card transactions per annum by 2010 - compared with 150 million transactions now - representing five per cent of total card transaction volumes and three per cent of total card spending.


PSE says annual growth rates of the prepaid card market will exceed 110% for the next five years, and pre-paid gift products - such as card-based gift vouchers - will fuel a significant proportion (almost 30%) of total spend.


The use of the cards as an alternative to travellers cheques and foreign cash will also drive growth and account for 15% of spending. Internet payment cards (which provide a secure alternative to credit cards) are expected to generate 13% of spending, while company rewards and incentives programmes are set to account for 12% of spending.


But despite the anticipated rate of growth, Peter Jones, managing director of PSE, says banks must act quickly if they are to secure their share of the pre-paid market and compete with non-banks.


"We have forecast that 58% of spend will occur on Visa or MasterCard branded cards but, to date, banks and financial institutions have been adopting a 'wait and see' strategy," he says.


Jones says this is illustrated by Poste Italiane in Italy which currently has 1.9 million pre-paid cards in circulation.


The research found three separate segments are set to become the focus for pre-paid market development - stored value gift cards, direct financial institution offers including cards used for Internet payments, online gaming, travel cards or remittance products and business solutions such as cards for delivering government benefits and payroll.


As part of the research PSE carried out a mystery shopper survey using several different pre-paid travel products and those targeted at the un-banked which found that the registration of some products was very complex and may deter customers.


Chris Jones, senior consultant at PSE, says: "The sector must focus on developing and delivering simpler, cheaper products and services if the forecast levels of growth are to be achieved. The issues associated with directly charging consumers for pre-paid services mean corporate pre-paid solutions are likely to offer more attractive revenue models in the short term."

Significant shareholdings..

http://www.conistertrust.com/data/Reports/Significant%20Shareholder.pdf

A few sellers at the end of the day gives buyers an opportunity to get them a little cheaper, within the spread if they haggle.

I hope a few investors have a look at this , this weekend,

The opportunity is fantastic.

One wonders what they are going to do with all that cash?.

I bet Mr Mellon already as a PLAN.

2007 will mark an exciting year for Conister Trust both for its customers as well as its shareholders. Following a year of preparations, the Company has now launched a new business division - Transbank. This division will provide solutions for the rapidly growing market of network-branded open-loop prepaid cards - for which the European market is projected to grow by 110% p.a. between 2005 - 2010. Through this separate business division, Conister Trust will use its offshore banking license to serve as an independent card issuer. This is a market neglected by large banks and in the US market, it is the small and independent banks who have reaped the largest part of the recent growth of such prepaid cards.

Are all of these transbanks on the internet part of this new division ?

M

Madelin, can you please further this?.

A little unsure what you are asking, appologies.

Remember 10 million cash, 1/3rd its market capitalisation............ NICE.

I put Transbank into google and found a lot of ukranian , spanish and other websites. I did not understand what it was about.

Who are Conister's competitors in this new market? Can anyone post a short SWOT analysis of this company?

Sounds like an interesting prospect. Trying to get a bit more info and decide whether it is worth doing full research and potentially investing.

VM, I don't think the major retail bank will be interested in this small market, typically transitary people, that is what they found happened in the USA. Plus, due to the type of customer the larger banks are unlikely to be able to sell them the profitable add-ons, mortgages, insurance, high interest loans or as it is a top-up cards, juicy penalty payments.

Well worth printing this off and digesting it...


Read the full PSE Consulting Document here...

http://www.psel.co.uk/pdf/articles/cardproducts/pse_prepaid_who_will_win_v2_sep_2006.pdf

All buys this morning even if we are off a 1/2p.

More buyers coming in at lunchtime.

Just one seller all buys.

Gone from negative to neutral.

Tipped on ample...

http://personalfinance.iii.co.uk/articles/articledisplay.jsp?section=Share%20Tips&article_id=5994305

their results due soon emailed them yesterday to ask when exactly and also asked them to find out how we access their pre-paid cards offer?

GG, lets not forget we are going to get a loss for the year, so knowone should be dissapointed.

Its the new business going forward which is the big plus here.

Should get announcement about the sign up with Visa any time now.

Nudged up on nice buying this afternoon.

Looks like a good write up in The Business today any one have the article?

THE BUSINESS
The Cover Story:
*When Moguls Collide (Branson and Murdoch).

The Core Values Column:
*Heavy tax burden set to be Britains ball and chain.

The AIM Investor:
*AIM outpaces main UK markets.
*Winning card hand for Conister (CTU.L).

A fantastic write up Im told. Patience.

Buyers coming in nicely.

Fantastic Growth Opportunity...

Load em up and take hold of the readies
By Sharlene Goff, Financial Times

If you make a claim on your home insurance policy or step off a flight to find your luggage has not arrived with you, you may now find that you are reimbursed with a pre-paid card rather than cash or a cheque.

Pre-paid cards cards loaded with money that can then be withdrawn or used to pay for goods or services have been in the UK for around five years. But over the past 12 months their presence has really taken hold.

Consumers, especially those who do not have access to credit or debit cards, can obtain them without credit checks and they do not need a bank account. They are also increasingly popular with businesses looking for more efficient ways to pay staff and customers.

PSE Consulting, the European payment consultancy, estimates that the total number of pre-paid cards issued in the UK will rise from 2m currently to 44m by 2010. It expects that by 2010, 15bn will be spent on pre-paid cards each year in the UK.

MasterCard has tie-ups with airlines, including KLM and Austrian Airlines. These companies are using pre-paid cards to provide compensation to passengers who are delayed or have lost their baggage. British Airways is also looking at offering a Visa pre-paid card for the same purpose. Reuters, the media group, provides pre-paid cards for journalists to cover expenses while travelling overseas.

Cards being used by businesses are generally Visa or MasterCard-branded as these cards can be used at any cash machine or retail outlet bearing the relevant logo. Cards that have a fairly small one-off balance perhaps 50 or 100 generally do not require a pin number or signature.

According to Rich Wagner, chief executive of Advanced Payment Solutions, the main advantage of using cards instead of cash or cheques is that the money is instantly available to the cardholder, whereas cheques can take days to clear. Cardholders do not need bank accounts to use the card. These cards also provide a secure alternative to cash: if a card is lost or stolen, it can be immediately blocked and reissued by the provider, usually at no cost to the user.

Insurance companies are also entering the pre-paid market. Norwich Union, one of the UKs biggest insurers, gives customers the option of receiving their insurance claim on a pre-paid Visa Electron card.

So, for example, if someone makes a claim for a stolen television or a piece of jewellery, the company might send out a pre-loaded card that can be used to pay for a replacement. This way the claimant gets the money instantly and does not have to pay out of their own pockets and then reclaim from the insurer.

Cards issued by Norwich Union can only be used in a number of specific retailers.

Carol Heath, head of pre-paid at Visa Europe, expects strong growth in the motor and health insurance industries. She says you could be issued with a card to pay for a course of physiotherapy, for example.

Chris Reddish, head of pre-paid at Mastercard Europe, says another fast growth area is payroll. Recruitment agencies and contractors are using pre-paids to pay foreign nationals or short-term workers. Fifa, the football association, paid short-term staff working at this years World Cup tournament via pre-paid cards.

More traditional uses for pre-paid cards are also seeing strong growth. These cards were initially used as gifts, and as an alternative to travellers cheques. Now they are widely used online to purchase groceries, holidays or pay for services such as the congestion charge, council tax or broadband.

Sales of MasterCards pre-paid card, Cashplus, are growing at a rate of 20 per cent every month, and people are increasingly loading on larger values. Almost 25m has been loaded on to the Cashplus card since its launch a year ago. Meanwhile, Visa has seen demand for its pre-paid cards quadruple in the past year.

You can buy these cards online, by telephone or at retailers, such as money transfer agencies. MasterCard says its Cashplus card can be reloaded at 14,000 locations worldwide, including all Post Offices.

The downside of these cards is that they are fairly expensive. You will typically have to pay 1-2.50 to withdraw cash from ATMs in the UK and up to 3 overseas. There are also initial and monthly fees. According to Moneysupermarket, MasterCards Cashplus card costs 9.95 initially and then cardholders can pay a monthly subscription of 4.95 or 1 per transaction. Liquid, a card offered by Newcastle Building Society, charges the same initial fee but only a 2 monthly fee.

Other cards designed for taking money abroad are cheaper. These are offered with no fee by Travelex and Western Union, although exchange rates may not be competitive. The Post Office charges 10 for its travel money card and American Express charges 20.

The Financial Times Limited 2007

Should have the Visa news any time now.

Looks ready to tick up.

Buyers came in this afternoon looking for a bargain.

be nice to get some news ???

Yes we are due some.

I believe the tie up with Visa is due anytime.

who are the mobile phone operator ???

Various through a partnership with Billing Services Group.

No doubt we will get news on which ones have taken it up at some time.

ticked up a little last few days without any buying volumes is their a shortage of stock ???

Starting to push up again.

Can only think news is due any minute.

at least its not falling back on lack of news when are results due ?

last year they were 4/5 but were delay due to the buy in from mellon so they are immenient last year they issued trading statement in March but not one this year perhaps this could be soon if they do one ?

year end is 31/12 so results are not far away and no real reason why they should be left as late as early may ???

Im obviously expecting to see a loss for the full year after the last set of results. I believe they should be ignored bar any positives from the Card business.

Its the new business thats the driver here that and Mellon on board with all that cash.

had email from Jerry linehan expecting results early May wont be putting RNS out before to notifiy when results out and no trading stmnt also due

agree numbers irrelevant the news on the launch and tie ups will be more important

Early May, thanks GG.

can see why people get bored with small stocks bought this two months ago today and even TomW cannot come up with an update during this time .....

Yep but these types have a knack of springing to life just when you dont expect it.

Summats going on

From this Mornings Times.....

Further news:
*Talk that Jim Mellon has lifted his stake in Billing Services (BILL.L) to 12% from 10.9%

LONDON (Thomson Financial) - Mobile Credit Baltic PLC (MCB) said it has entered into an agreement with Conister Trust PLC to issue MasterCard debit cards to customers in Estonia.

Financial details of the deal were not disclosed.

MCB, which provides short-term credit to consumers, said the first card is scheduled to be launched early autumn, and it may extend the deal with Conister to cover all Fenno-Baltic markets in future.

MCB said it will market the cards, issued by Conister, to its existing customer base under the Credit24 brand.

Press release 24 April 2007



Mobile Credit Baltic plc customers to get MasterCard



Mobile Credit Baltic plc ('Mobile Credit Baltic' or 'MCB'), the provider of
immediate, short-term credit to borrowers in Finland, Estonia, Latvia and
Lithuania, and Conister Trust plc ('Conister Trust' or 'Conister'), an Isle of
Man bank, have entered into an agreement (the 'Agreement') to issue MasterCard
debit cards to customers in Estonia.



The cards will be issued by Conister Trust under Conister's MasterCard debit
card issuing licence from its base in the Isle of Man, and marketed by Mobile
Credit Baltic to MCB's existing customer base under the Credit24 brand name.



The Agreement underlines MCB's reputation as a growing consumer-finance group by
strongly differentiating the Credit24 brand in the short-term, unsecured lending
market, enhancing customer loyalty and potential repeat business, and putting a
card with MCB's Credit24 brand in customers' wallets as a platform for other
product sales.



The first card is scheduled to be launched during early autumn 2007. MCB and
Conister may extend the relationship to cover all Fenno-Baltic markets in the
future.



Rami Ryhanen, Chief Executive of Mobile Credit Baltic plc, said: 'The
association with Conister Trust brings us a valuable relationship with a
forward-thinking MasterCard issuing bank, and will allow MCB further to enhance
the range of products and flexibility we can offer our customers.'





Further information:



Mobile Credit Baltic plc:
Rami Ryhanen, Chief Executive +358 50 550 0262

Excelent news.

Game on now and I expect further deals will be done with Mellon in charge.

so why no RNS from Conister ???

Because no financial detail given Gordon.

your dont have to have and for a RNS then again you don't need to issue an RNS like they aren't going to issue one to say when results due either

they are due 'early may' per Jerry Lineham which is now so could expect them any day without warning so watch this space

Might suggest why SP has tweaked up over last couple of days, mind the company are going to make a loss and the results have no real significance for the way forward.

it looks as thought the mm's are ticking it up in anticipation of some good news or fine words about the future lets hope so

GF have a look at the last week of trades 5x25k trades gone thru all at similar times they look at little like some sly? stake building

Yes Ive had a look Gordon. (good spot)

Mellon again or one of his chums?.

Its not me, Ive already got just over 60 grand here.

your more confident than me ....
and i'm a little concerned about information flow or the lack of it

Im sure thatl be sorted out in time gordon.

TDW forecasting results between 7-9 May clearly wont be monday my money is on wednesday ...

Looks like it could be Wednesday then Gordon.

Not expecting anything other than a loss.

not today it seems this is why i HATE it when they dont put out a RNS.....

Im pretty confident Gordon everythings on track with the new operations.

Just a case of patience.

Off to a positive start to the week.

The results must surely come this week.

in anticipation of some long overdue news perhaps dont like it myself being kept in the dark and I only have a small shareholding compared to you GF

Have you noticed the spread has contracted to 2p from the usualy 4p any ideas why ?

Nope Gordon, strange but billing services as also had a good start and buy volume much higher than normal?.

are they in competition or is a tie up possible ?

With Mellon on board both and already a working partnership between them anythings possible I suppose.

seems to be on the move today perhaps results out tommorrow or got a review somewhere over the weekend ??

Doing pretty well.

In the blue again.

Positive again.

Displaying over recent days all the traits of a stock on the brink of delivering results, and hopefully good news on the new business which this one is all about.

still no results ????

No not yet.

their year end was december its not good enough

There must be some sort of reason. Results are expected to be bad but unimportant as I understand it (???). Even if they were very bad then so what. What else is being expected ?

Not over concerned myself.

The company will show a loss for the year (on the old business) but iTs the new pre paid card business which is the growth driver here, well that and the stash of cash and Jim Mellon and chums aboard.

The foundations are being laid.

GF I was out at 86 as the lack of news and the late results didnt insire me watching to get back in

Still my patient self Gordon.

Just waiting.

Will be glad when late sept comes and the small caps start to perform again. Very dull at the moment.

Is it time to buy yet? Been watching for a pullback for months. Now woirth less than it was at turn of year. If it has a future it might be entry time?

?.

I think 60p on the cards (there must be a reason for the delay)?? and not a good one

had email from JL yesterday results will be out in the next 7 days

they need to be out by end of June else wouldn't they be suspended ???

I still like the people on board and the porspects but glad I got out when I did

Some just sold 15k @ 62p
3p below the offer price ???????

65/67p

Another of Tom's T1ps ehh? at 75p no less.

Fopr those of you who think about following good old Tom (splendid man that he may be), pplease get a hold of the infamous OLLY INNY Interviews. GOOD OLD TOM KEPT SAYING BUY WIGGINS ALMOST UP TO THE POINT WHERE IT WENT BUST.

No wonder the small investor needs to take care.

You have your view David, but what you are forgetting is the downside limited by so much cash per share and the top notch investors aboard.

I stay patient.

I was in fact commenting on the illtiming of the tip, and the "experieced tipster"

The share is a good 'un!

Summer drift taking its part though David do you not think?.

Same with a lot of small caps on negligible volumes.

yes sure is.

Results out and future looks solid...

Conister Trust PLC
27 June 2007



Conister Trust PLC

27 June 2007


Conister Trust PLC Year-end results

Audited results announcement for the year ended 31 December 2006


Chairman's statement

Introduction


As your new chairman, I am very aware that Conister is a fundamental component
of the Manx financial scene, with a loyal and diverse local shareholder base.
Since its foundation in 1935, Conister has provided successive generations of
Island residents with fairly priced credit facilities.


However, in today's increasingly competitive marketplace, the provision of
consumer finance and related products provides an inadequate return on capital
employed for both the company and its shareholders. In recent years Conister has
struggled to maintain a reasonable level of profitability from its core
products. It became patently clear to the Board that the company required a
radical strategic re-think and re-capitalisation, whilst still maintaining the
important role of being the only truly independent Manx banking institution.
Your Board recognised that the Conister banking licence, held in a stable, well
regulated AAA rated domicile is an underutilised asset that could, and should,
provide greater shareholder value.


As part of the strategic review, Conister Trust PLC has implemented a number of
major developments in 2006. Firstly, we were able to strengthen our balance
sheet by injecting substantial new capital via Burnbrae Ltd, a Manx based
investment company with which I am connected. As a result, your Bank is now very
strongly capitalised. Secondly, this new capital has allowed us to create
TransBank, Conister's new E-commerce banking division, which has the ability to
generate a significant return. Our vision is to become the leading supplier of
prepaid card payment solutions through global business-to-business partnerships.
We are pleased to announce that we have six contracts signed for programs in
Australia, Canada, the Baltic States, the Isle of Man and the United Kingdom. In
addition, we have established a strong and healthy pipeline and we are
developing a significant number of new potential programs.


The performance of our traditional asset and personal finance business in the
Isle of Man has shown improvement due to focused management in this area. This
underlines our continued commitment both to the Isle of Man and to our
traditional customer and depositor base. We have also successfully launched a
new business stream - insurance premium financing.


The Bank is also focusing on attracting larger deposits from High Net Worth
Individuals and their enterprises. These individuals will provide us with an
opportunity to offer new and highly profitable products in the future.


Strategy - New Business


- Prepaid Cards


Conister Trust PLC has diversified into the E-commerce sector with the
establishment of TransBank, the new E-commerce division of Conister Trust PLC,
which will focus specifically on the prepaid card market.


The global opportunity for prepaid cards is estimated to be US$2.1 trillion+ and
the European market, whilst still in its infancy, has predicted annual growth of
110% till 2010. By this time, an estimated 360 million prepaid cards are
expected to have been issued in Europe, generating over 2.3 billion
transactions. The prepaid card market will only have reached 10% of its
potential by 2010.


We will develop business-to-business contracts with large global customers
seeking to deliver open-loop prepaid cards to their significant consumer bases.


+ Source: Visa (global prepaid market size across all segment types) - Personal
Consumption Expenditure

Our membership of MasterCard(TM)enables us to issue chip and pin prepaid cards,
branded with MasterCardTM, Maestro(TM)or Maestro InternationalTM, in sterling,
Euro and US$.


We have established partnerships with a number of proven processors and
operating companies. This model enables us to deliver tailor made programs to
our customers in a variety of market sectors.


This is a market which offers tremendous growth potential and I believe we will
build on the success we have already achieved.


- Premium Finance


A significant achievement in 2006 has been the launch of insurance premium
financing which has made a strong contribution to the Bank's results. This has
been achieved through an agreement with Group Direct.


Strategy - Existing Revenue Streams


- Asset and Personal Finance


The Bank's core business was focused on traditional hire purchase markets in the
Isle of Man and the UK. These markets are suffering from strong competition,
declining volumes and low profitability. Our strategy has been to focus on
improving performance and capitalising on new business opportunities following
the loss of a Manx competitor.


- Litigation Funding


Following a review of the litigation funding business, we have begun a planned
withdrawal from this market. There has been an increase in bad debt expenses and
costs associated with recovery; however we are making good progress collecting
outstanding receivables.


New Premises


Our current business premises in the Isle of Man are not suitable for a modern
operation. A new corporate head office is now under construction which will
better serve our future requirements. These leasehold premises should be
available for occupation towards the end of 2007. The current premises were
sold, realising a profit of 356,000.


Overview of Results


Our net operating income has declined to 3.9 million (2005: 4.2 million)
reflecting our withdrawal from litigation funding and the revenue generated by
litigation funding has reduced to 0.9 million (2005: 1.3 million).


Our overheads have increased by 28% to 4.1 million since 2005 reflecting the
strategy to transform the Bank and invest in new revenue streams. The increase
primarily comprises of the costs associated with the development of our prepaid
card offering. In addition, in order to drive the transformation of the Bank,
Conister Trust PLC has appointed a new Chief Executive and Senior Management
team. Severance payments were incurred with the departure of two directors and
additional costs have also been incurred associated with our withdrawal from
litigation funding.


In our traditional HP business net assets stand at 44.2 million (2005: 45.9
million). This generated income of 5.5 million (2005: 5.9 million). Looking
forward, trading conditions are expected to remain competitive in our
traditional markets.


Premium finance generated gross revenue in 2006 of 288,000 (2005: nil). It is
anticipated that the agreement with Group Direct will deliver lending of at
least 5 million annually over four years.


The Bank incurred a number of significant expenses during 2007. 300,000 was
incurred as part of a planned corporate restructuring which we expect to
complete in the latter part of 2007. A 262,000 loss was incurred due to aborted
acquisitions prior to our concentration on the prepaid card market. These have
been offset by a 356,000 profit generated from the sale of the premises in the
Isle of Man.


Thus the Bank incurred a loss on ordinary activities after tax of 815,000
(2005: 78,000 profit) in the year ending 31 December 2006. The results are in
line with the Board's expectations as we transform the Bank, building the
foundations for future success.


The underlying trading performance in the second six months of 2006, after
removing transformation costs and significant expenses, has shown an improvement
on the first six months.


Board and Executive Changes


During the year a number of non-executive directors have departed - Peter
Hammonds (former Chairman), Neil Kennedy, Simon Lee - and the executive director
Gareth Jones. I would like to express my, and the Board's, appreciation to all
for their service to Conister Trust PLC.


As previously announced Jerry Linehan joined Conister Trust PLC in March 2006 as
Chief Executive Officer. He has been joined by Ilyas Khan, Don McCrickard, Dr
Christopher Fay and Philip Stamp as non-executive directors. They have brought
to Conister considerable financial and banking expertise, supporting our new
strategy, providing strong leadership and creating an experienced Board.


International Financial Reporting Standards ('IFRS')


The results for the year ended 31 December 2006 are the last to be prepared
under UK Generally Accepted Accounting Principles. The 2007 interim results will
be the first prepared under IFRS.


Dividend


The Board has resolved that a dividend will not be paid (2005: final dividend of
nil and interim dividend of 0.3p per share).


Summary


I am pleased to report that the underlying trading performance is showing signs
of improvement.


We have made significant progress towards our strategic aim of establishing a
strong global position in the prepaid card market. The signing of six contracts
for programs in Australia, Canada, the Baltic States, the Isle of Man and the
United Kingdom is evidence of this ambition. Our pipeline is strong, with leads
being progressed in a number of different market sectors.


The Bank has been strongly recapitalised to support the strategic transformation
and during 2007 we will continue to invest strongly in our prepaid card division
and exploit the opportunities that we have generated.


Finally, I would like to express my personal thanks, and that of the Board, to
the staff at Conister Trust PLC who have worked extremely hard throughout the
year to ensure that the business is well positioned for the future.


For further information, please contact:


Conister Trust plc

Jeremiah Linehan

Tel +44 (0) 1624 694 694

time to get back in ?
not much meat on the bones reagrding prepaid cards ....??

Looks ok to me gordon.

Our membership of MasterCard(TM)enables us to issue chip and pin prepaid cards,
branded with MasterCardTM, Maestro(TM)or Maestro InternationalTM, in sterling,
Euro and US$.


We have established partnerships with a number of proven processors and
operating companies. This model enables us to deliver tailor made programs to
our customers in a variety of market sectors.


This is a market which offers tremendous growth potential and I believe we will
build on the success we have already achieved.ENDS.

Looks ok to me gordon.

Our membership of MasterCard(TM)enables us to issue chip and pin prepaid cards,
branded with MasterCardTM, Maestro(TM)or Maestro InternationalTM, in sterling,
Euro and US$.


We have established partnerships with a number of proven processors and
operating companies. This model enables us to deliver tailor made programs to
our customers in a variety of market sectors.


This is a market which offers tremendous growth potential and I believe we will
build on the success we have already achieved.ENDS.

Conister Trust PLC
09 July 2007





FOR IMMEDIATE RELEASE 9 July 2007



Conister Trust plc (the 'Company')


Directors' Dealings



The Company was informed on 6 July 2007 that Jeremiah Francis Linehan, Director,
had purchased a total of 75,000 ordinary shares of 25p each, representing 0.18
per cent. of the ordinary share capital of the Company at a price of 65.5p per
ordinary share for 50,000 shares and 65p per ordinary share for 25,000 shares on
6 July 2007.


Following this purchase Jeremiah Francis Linehan and persons connected to him
are interested in 95,000 ordinary shares, representing 0.23 per cent. of the
ordinary share capital of the Company, all of which are held beneficially.






Enquiries



For further information, please contact:
Conister Trust plc

Jeremiah Linehan Chief Executive Officer

Tel 01624 694694
Beaumont Cornish Limited

back in yesterday think this stock has some real momentum now