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CARDPOINT, A GROWTH COMPANY GOING PLACES. (CASH)
goldfinger
- 10 Nov 2003 08:54
CARDPOINT, A GROWTH COMPANY GOING PLACES.
Im recommending Cardpoint after having this stock on my watch list for the last three months and have to say it really as a fantastic management, and a management that backs the company up with solid Director Buying. It’s a simple business the management have formed and has been acquisitive throughout the last financial year creating growth and value for company shareholders.
What Does It Do?
Cardpoint plc is an independent owner and operator of 1,800 ATMs and 2,900 mobile top up terminals across the UK. The ATMs are typically placed in convenience stores, shopping centres, motorway service stations, hospitals and train stations, and in areas that are not traditionally serviced by other ATM providers, thereby offering their customers greater convenience and access to cash. The Company typically charges #1.50 per cash withdrawal, with its customers' go-ahead, and also receives transaction revenues for balance enquiries and rejections. The Company recently acquired Securicor Cash Machine Limited for up to #9.2m over two years. The mobile top division, acquired in July 2003, trades under the name of PT Distribution Limited and is being rebranded to Cardpoint Merchant Retail from September 2003 onwards and operates in retail outlets such as MOTO, Londis, Costcutter and Spar. Cardpoint is a full member of the LINK Network, the only branded shared network of ATMs and self-service terminals in the UK, which allows more than 80 million cardholders of every member financial institution to use the ATM of another LINK member. Cardpoint listed on the Alternative Investment Market in June 2002. The Company's Stock Exchange EPIC is CASH.
Recent Developments.
The company put out this recent trading update and also news of another quality acquisition.
Trading Update Cardpoint plc, the AIM listed ATM and mobile top up operator, is providing the following trading update as it goes into its closed period. Having reviewed the draft unaudited management accounts for the financial year ended 30 September 2003, the Board believes that the Group's performance will be closely in line with the revised market expectations following the two significant acquisitions made by the Company. The Preliminary Results will be released on 24 November 2003. The integration of Securicor Cash Machine (SCM), which was acquired in May 2003, and PT Distribution, acquired in July 2003, is continuing extremely well and the improved margins that were expected are filtering through to the bottom line.
Mark Mills, Chief Executive of Cardpoint plc, said: "The recent acquisitions have transformed Cardpoint into the fastest growing and third largest independent ATM deployer in the UK. "As a result of the recent acquisitions, the Group has continued to benefit from improved margins and a number of cross selling opportunities. We have a good pipeline of new business and are in the process of rebranding our machines to further increase visibility and footfall. I am confident that our figures will be in line with market expectations and the Board looks forward to start of the new financial year with great confidence."
News Of The Acquisition.
Cardpoint PLC 21 October 2003 Press Release 21 October 2003. Cardpoint to provide Thresher wine merchants with 1,000 mobile top up terminals Cardpoint plc, the AIM listed ATM and mobile top up operator, has been awarded a two year contract to provide Thresher Group with 1,000 electronic mobile top-up terminals across the country in the first major deal this year in the retail mobile top-up sector. The contract win follows Cardpoint's acquisition of PT Distribution Limited from Project Telecom in July for 1.7 million. PT Distribution has subsequently been renamed Cardpoint Merchant Retail. The top-up terminals will be rolled out before the end of 2003 with full supporting point of sale and marketing material. Thresher Group is the UK's leading specialist retail drinks retailer with over 2000 shops operating under brand names such as Thresher, Wine Rack, Victoria Wine and Bottoms Up. The group is the fifth largest private retailer and attracts over 150 million customers each year.
Mark Mills, Chief Executive of Cardpoint plc said: 'Since acquiring the top-up business, Cardpoint has restructured the sales and marketing functions which have directly led to this significant contract win. As I stated in our positive trading update of 30 September 2003, the Group has continued to benefit from improved margins and a number of cross selling opportunities following recent acquisitions and we are confident that our figures for the year ended 30 September 2003 will be in line with market expectations.'
Results And Forecasts.
Years To Sept T/O(m) Pre/Tax Profit (m) EPS(p) P/E
2002(A) 3.1 (0.8) (5.4) n/a
2003(E) 11.2 (0.5) (2.1) n/a
2004(E) 30.3 1.9 5.0 15.9
House Broker.
Evolution Beeson Gregory - recent comment.
All the acquisitions and cost-saving potential has created tremendous 'value creation' possibilities. For 2003 they expect earnings before tax, depreciation and amortization of 1.4 million and a pre tax loss of 500,000.
For 2004 they expect 6.6 million before EBITDA, with pre-tax profits coming in at 1.9 million on sales of 30.3 million. This would put the shares on a forward P/E rating of 15.8, which they point out is very cheap for a company with reasonable gearing, impressive margins and a very solid base on which to build out further growth.
Traded on Aim.
I believe this is a medium to long term growth punt and potential investors, please DYOR, you are responsible for your buying and selling actions.
Regards GF.
Im recommending Cardpoint after having this stock on my watch list for the last three months and have to say it really as a fantastic management, and a management that backs the company up with solid Director Buying. It’s a simple business the management have formed and has been acquisitive throughout the last financial year creating growth and value for company shareholders.
What Does It Do?
Cardpoint plc is an independent owner and operator of 1,800 ATMs and 2,900 mobile top up terminals across the UK. The ATMs are typically placed in convenience stores, shopping centres, motorway service stations, hospitals and train stations, and in areas that are not traditionally serviced by other ATM providers, thereby offering their customers greater convenience and access to cash. The Company typically charges #1.50 per cash withdrawal, with its customers' go-ahead, and also receives transaction revenues for balance enquiries and rejections. The Company recently acquired Securicor Cash Machine Limited for up to #9.2m over two years. The mobile top division, acquired in July 2003, trades under the name of PT Distribution Limited and is being rebranded to Cardpoint Merchant Retail from September 2003 onwards and operates in retail outlets such as MOTO, Londis, Costcutter and Spar. Cardpoint is a full member of the LINK Network, the only branded shared network of ATMs and self-service terminals in the UK, which allows more than 80 million cardholders of every member financial institution to use the ATM of another LINK member. Cardpoint listed on the Alternative Investment Market in June 2002. The Company's Stock Exchange EPIC is CASH.
Recent Developments.
The company put out this recent trading update and also news of another quality acquisition.
Trading Update Cardpoint plc, the AIM listed ATM and mobile top up operator, is providing the following trading update as it goes into its closed period. Having reviewed the draft unaudited management accounts for the financial year ended 30 September 2003, the Board believes that the Group's performance will be closely in line with the revised market expectations following the two significant acquisitions made by the Company. The Preliminary Results will be released on 24 November 2003. The integration of Securicor Cash Machine (SCM), which was acquired in May 2003, and PT Distribution, acquired in July 2003, is continuing extremely well and the improved margins that were expected are filtering through to the bottom line.
Mark Mills, Chief Executive of Cardpoint plc, said: "The recent acquisitions have transformed Cardpoint into the fastest growing and third largest independent ATM deployer in the UK. "As a result of the recent acquisitions, the Group has continued to benefit from improved margins and a number of cross selling opportunities. We have a good pipeline of new business and are in the process of rebranding our machines to further increase visibility and footfall. I am confident that our figures will be in line with market expectations and the Board looks forward to start of the new financial year with great confidence."
News Of The Acquisition.
Cardpoint PLC 21 October 2003 Press Release 21 October 2003. Cardpoint to provide Thresher wine merchants with 1,000 mobile top up terminals Cardpoint plc, the AIM listed ATM and mobile top up operator, has been awarded a two year contract to provide Thresher Group with 1,000 electronic mobile top-up terminals across the country in the first major deal this year in the retail mobile top-up sector. The contract win follows Cardpoint's acquisition of PT Distribution Limited from Project Telecom in July for 1.7 million. PT Distribution has subsequently been renamed Cardpoint Merchant Retail. The top-up terminals will be rolled out before the end of 2003 with full supporting point of sale and marketing material. Thresher Group is the UK's leading specialist retail drinks retailer with over 2000 shops operating under brand names such as Thresher, Wine Rack, Victoria Wine and Bottoms Up. The group is the fifth largest private retailer and attracts over 150 million customers each year.
Mark Mills, Chief Executive of Cardpoint plc said: 'Since acquiring the top-up business, Cardpoint has restructured the sales and marketing functions which have directly led to this significant contract win. As I stated in our positive trading update of 30 September 2003, the Group has continued to benefit from improved margins and a number of cross selling opportunities following recent acquisitions and we are confident that our figures for the year ended 30 September 2003 will be in line with market expectations.'
Results And Forecasts.
Years To Sept T/O(m) Pre/Tax Profit (m) EPS(p) P/E
2002(A) 3.1 (0.8) (5.4) n/a
2003(E) 11.2 (0.5) (2.1) n/a
2004(E) 30.3 1.9 5.0 15.9
House Broker.
Evolution Beeson Gregory - recent comment.
All the acquisitions and cost-saving potential has created tremendous 'value creation' possibilities. For 2003 they expect earnings before tax, depreciation and amortization of 1.4 million and a pre tax loss of 500,000.
For 2004 they expect 6.6 million before EBITDA, with pre-tax profits coming in at 1.9 million on sales of 30.3 million. This would put the shares on a forward P/E rating of 15.8, which they point out is very cheap for a company with reasonable gearing, impressive margins and a very solid base on which to build out further growth.
Traded on Aim.
I believe this is a medium to long term growth punt and potential investors, please DYOR, you are responsible for your buying and selling actions.
Regards GF.
goldfinger
- 10 Nov 2003 09:01
- 2 of 78
The six month chart.
cheers gf.
cheers gf.
Andy
- 10 Nov 2003 09:14
- 3 of 78
Goldfinger,
Can you please edit the first post to include a smaller chart by any chance?
That way it's always available every time someone opens the thread.
I agree with you, I recommended CASH to my share club two months ago, as a long term growth stock, (and may well recomend we add some more next month!)and I have thought of buying some myself when I next release funds.
Thanks for the research and broker note, a good way to start the thread, IMHO.
Andy.
Can you please edit the first post to include a smaller chart by any chance?
That way it's always available every time someone opens the thread.
I agree with you, I recommended CASH to my share club two months ago, as a long term growth stock, (and may well recomend we add some more next month!)and I have thought of buying some myself when I next release funds.
Thanks for the research and broker note, a good way to start the thread, IMHO.
Andy.
goldfinger
- 10 Nov 2003 09:20
- 4 of 78
Andy, consider it done. Thanks for the comments. Hoping to build a large position in this one. Results not far away.
cheers GF.
cheers GF.
goldfinger
- 10 Nov 2003 09:26
- 5 of 78
Dermot Desmond's money making new stake
Dermot Desmond is best known for his involvement with football clubs Celtic and Manchester United but he is also a very successful, shrewd investor and Citywire can reveal he has a secret stake in rocketing ATM group Cardpoint.
Exclusive: Dermot Desmond's money making new stake
Published: 08:45 Sun 9 Nov 2003
By Patrick Sherwen, Deputy & Secret Buying Editor
Email to a friend |
Dermot Desmond is best known for his involvement with football clubs Celtic and Manchester United but he is also a very successful, shrewd investor and Citywire can reveal he has a secret stake in rocketing ATM group Cardpoint.
The Irishman's previous successes include an estimated profit of 56 million on dealing shares in technology company Baltimore. He is also thought to have made about 87 million from an investment in Esat Digifone.
Even Desmond's 1.9 million-share stake in Manchester United would yield a nice little profit if he sold now. Desmond has held his shares since December 2002 in which time the price has risen 130% to 232.5p. Judging by the time he bought in Desmond probably paid about 2 million for his holding. It is now worth 4.5 million.
According to Citywire's sources Desmond bought a little more than 1 million shares in Cardpoint in July this year then sold about half of them shortly afterwards. In the following month he added another 100,000 or so to his stake and that was the last move he made. As a result his holding stands at just less than 600,000 shares or 1.83% of the 25.3 million company.
He should already be in the money on this investment as the price rose almost ceaselessly between the start of the year when it was 35p and mid-October when it hit 85p. When Desmond first bought in the price was about 63p. The second time he bought the price was about 75p, not far off the current 79p.
Cardpoint supplies ATM (automatic teller machine) cash machines to be installed in areas where they are not normally found but where there is a need. Locations include hotels, motorway service stations, restaurants and cinemas.
This is a growing market about which there is a buzz of excitement. Last week shares in business and marketing services group Ambient jumped 17% on news that it plans to float Moneybox, its own ATM business by next spring.
However, although it shows promise the AIM-listed company is still at an early stage and has yet to make a profit. Losses narrowed from 1.27 million before tax in 2001 to 760,000 last year. According to house broker Evolution Beeson Gregory they will fall again to 500,000 this year and the first full year profit will be delivered in 2004. Evolution forecasts 1.9 million before tax.
One reassurance is that at the last estimate in May, Cardpoint had cash of 858,000 on its books. It has since made two significant acquisitions. It bought Securicor Cash Machine for a maximum of 9.2 million in May and in July it bought PT Distribution, the electronic mobile top-up division of Project Telecom, for 1.7 million. The latter union has already been consummated by a contract deal too. Cardpoint has been signed up to supply wine-merchant Thresher with 1,000 mobile top-up terminals for two years.
cheers GF.
Dermot Desmond is best known for his involvement with football clubs Celtic and Manchester United but he is also a very successful, shrewd investor and Citywire can reveal he has a secret stake in rocketing ATM group Cardpoint.
Exclusive: Dermot Desmond's money making new stake
Published: 08:45 Sun 9 Nov 2003
By Patrick Sherwen, Deputy & Secret Buying Editor
Email to a friend |
Dermot Desmond is best known for his involvement with football clubs Celtic and Manchester United but he is also a very successful, shrewd investor and Citywire can reveal he has a secret stake in rocketing ATM group Cardpoint.
The Irishman's previous successes include an estimated profit of 56 million on dealing shares in technology company Baltimore. He is also thought to have made about 87 million from an investment in Esat Digifone.
Even Desmond's 1.9 million-share stake in Manchester United would yield a nice little profit if he sold now. Desmond has held his shares since December 2002 in which time the price has risen 130% to 232.5p. Judging by the time he bought in Desmond probably paid about 2 million for his holding. It is now worth 4.5 million.
According to Citywire's sources Desmond bought a little more than 1 million shares in Cardpoint in July this year then sold about half of them shortly afterwards. In the following month he added another 100,000 or so to his stake and that was the last move he made. As a result his holding stands at just less than 600,000 shares or 1.83% of the 25.3 million company.
He should already be in the money on this investment as the price rose almost ceaselessly between the start of the year when it was 35p and mid-October when it hit 85p. When Desmond first bought in the price was about 63p. The second time he bought the price was about 75p, not far off the current 79p.
Cardpoint supplies ATM (automatic teller machine) cash machines to be installed in areas where they are not normally found but where there is a need. Locations include hotels, motorway service stations, restaurants and cinemas.
This is a growing market about which there is a buzz of excitement. Last week shares in business and marketing services group Ambient jumped 17% on news that it plans to float Moneybox, its own ATM business by next spring.
However, although it shows promise the AIM-listed company is still at an early stage and has yet to make a profit. Losses narrowed from 1.27 million before tax in 2001 to 760,000 last year. According to house broker Evolution Beeson Gregory they will fall again to 500,000 this year and the first full year profit will be delivered in 2004. Evolution forecasts 1.9 million before tax.
One reassurance is that at the last estimate in May, Cardpoint had cash of 858,000 on its books. It has since made two significant acquisitions. It bought Securicor Cash Machine for a maximum of 9.2 million in May and in July it bought PT Distribution, the electronic mobile top-up division of Project Telecom, for 1.7 million. The latter union has already been consummated by a contract deal too. Cardpoint has been signed up to supply wine-merchant Thresher with 1,000 mobile top-up terminals for two years.
cheers GF.
goldfinger
- 10 Nov 2003 10:25
- 6 of 78
A fairly big buy just gone through at 20,000 for 86p.
gf.
gf.
ckmtang - 10 Nov 2003 10:28 - 7 of 78
this share was recommmended by IC in the last few issue
goldfinger
- 10 Nov 2003 10:42
- 8 of 78
Yup its also been recommended by Shares aswell fairly recently, they cant both be wrong surely. A lot of buys gone through this morning add those to the buys on Friday and I cant see it being long before the dam wall bursts and we get a move up.
cheers GF.
cheers GF.
tobyjug - 10 Nov 2003 11:10 - 9 of 78
On the band wagon @.8463. Been good to me in the past this one.
Share Bear
- 10 Nov 2003 11:23
- 10 of 78
Growth Company Investor also ran it as their main tip last month
sinutab - 10 Nov 2003 11:29 - 11 of 78
good tip gf. im in at 84.6p. thanks.
goldfinger
- 10 Nov 2003 11:54
- 12 of 78
shares tip.
Cardpoint (AIM:CASH) – Buy
The automated teller machine market, excluding the network operated by the big banks, is forecast to double by 2007. A surprisingly large number of people are willing to pay around 1.50 every time they withdraw cash and Cardpoint checked out a record one million transactions last month.
Margins are running at around 75%, so most of the money goes straight into Cardpoint’s coffers. These kind of numbers were inconceivable six months ago. The transformation came in May with the purchase of Securicor’s ATM network for 9.2 million.
The deal leapfrogged Cardpoint to the third largest independent going from 450 to 1,700 machines. It brought forward and increased profitability as the Secricor machines are well-established and margins rose as costs per machine fell.
There is also plenty of scope for improving the Securicor network as the operation was peripheral and suffered from lack of management attention. Withdrawal fees average 139p, or 20p lower than Cardpoint’s ATM network.
Cardpoint has a good record in both increasing fees and transaction volumes per machine. Improved signage and machine access is the best way to achieve this, with relocation to a more promising site the final solution.
In July, the company snapped up the mobile phone card division of Project Telecom for 1.7 million. It consists of 3,000 terminals allowing users to top up their mobile phones. This looks to be another bargain and should be earnings positive this year.
Current-year losses to the end of this month are expected to fall to between 100,000 and 200,000 against 800,000 last year. Cardpoint started making money several months ago and should produce well over 2 million pre-tax next year and nearly 4 million the following year.
This drops the PE in 2005 to 7, which means the shares could rise by almost half to around 100p in 12 months, having already doubled this year.
Shares Summary
The shares stumbled after the flotation last year but have since rocketed. This progress will slow down, but the shares still look an excellent buy on the back of the anticipated profit growth which looks eminently achievable. The key date is late November for trading update with full-year results.
Business: Cash machine operator
Vital stats:
Market capitalisation: 24m
Historic PE to Sep ’02: losses
Prospective PE to Sep ’03: losses
Prospective PE to Sep ’04: 12.2
No dividend
gf.
Cardpoint (AIM:CASH) – Buy
The automated teller machine market, excluding the network operated by the big banks, is forecast to double by 2007. A surprisingly large number of people are willing to pay around 1.50 every time they withdraw cash and Cardpoint checked out a record one million transactions last month.
Margins are running at around 75%, so most of the money goes straight into Cardpoint’s coffers. These kind of numbers were inconceivable six months ago. The transformation came in May with the purchase of Securicor’s ATM network for 9.2 million.
The deal leapfrogged Cardpoint to the third largest independent going from 450 to 1,700 machines. It brought forward and increased profitability as the Secricor machines are well-established and margins rose as costs per machine fell.
There is also plenty of scope for improving the Securicor network as the operation was peripheral and suffered from lack of management attention. Withdrawal fees average 139p, or 20p lower than Cardpoint’s ATM network.
Cardpoint has a good record in both increasing fees and transaction volumes per machine. Improved signage and machine access is the best way to achieve this, with relocation to a more promising site the final solution.
In July, the company snapped up the mobile phone card division of Project Telecom for 1.7 million. It consists of 3,000 terminals allowing users to top up their mobile phones. This looks to be another bargain and should be earnings positive this year.
Current-year losses to the end of this month are expected to fall to between 100,000 and 200,000 against 800,000 last year. Cardpoint started making money several months ago and should produce well over 2 million pre-tax next year and nearly 4 million the following year.
This drops the PE in 2005 to 7, which means the shares could rise by almost half to around 100p in 12 months, having already doubled this year.
Shares Summary
The shares stumbled after the flotation last year but have since rocketed. This progress will slow down, but the shares still look an excellent buy on the back of the anticipated profit growth which looks eminently achievable. The key date is late November for trading update with full-year results.
Business: Cash machine operator
Vital stats:
Market capitalisation: 24m
Historic PE to Sep ’02: losses
Prospective PE to Sep ’03: losses
Prospective PE to Sep ’04: 12.2
No dividend
gf.
goldfinger
- 10 Nov 2003 12:51
- 13 of 78
Blimey have you seen the number of buys gone in on this one. Surely with the Yanks predicted to open firmly this pm the MMs will move it up, PLEASE.
cheers in anticipation GF.
cheers in anticipation GF.
goldfinger
- 10 Nov 2003 15:34
- 14 of 78
The buying goes on and still no price move northwards, astonoshing considering the volume. Added again myself this afternoon.
GF.
GF.
goldfinger
- 10 Nov 2003 16:41
- 15 of 78
Ah so thats why the shares havent budged today a T protected sell has just gone through for 100,000 shares. Well that still leaves around 60,000 plus more buys today so with luck we could be on our way tomorrow as long as the US doesnt let us down later today.
cheers gf.
cheers gf.
goldfinger
- 11 Nov 2003 00:28
- 16 of 78
Well it appears the Brokers like this one................
WHAT THE BROKERS SAY
Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
cheers GF.
WHAT THE BROKERS SAY
Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
cheers GF.
goldfinger
- 11 Nov 2003 10:19
- 17 of 78
Again a good start to the day and all buys bar one, surely at some time they have to crack.
GF
GF
goldfinger
- 11 Nov 2003 11:31
- 18 of 78
RESEARCH on Cardpoint.
Research - Cardpoint plc (CASH.L)
As of 06 Nov 2003
Research Summary Disclaimer
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Strong Buy 1
Moderate Buy 1
Hold 0
Moderate Sell 0
Strong Sell 0
Average Recommendation
(Strong Buy) 1.00 - 5.00 (Strong Sell)
--------------------------------------------------------------------------------
This Week 1.50
Last Week 1.50
Change 0.00%
--------------------------------------------------------------------------------
Covering Brokers
Earnings Per Share
--------------------------------------------------------------------------------
Last Reported Year 30 Sep 2002 N/A
Surprise %
Consensus Estimates
Forecast Year 1 (30 Sep 2003) -2.20
Forecast Year 2 (30 Sep 2004) 5.00
Earnings Estimates & Recommendations
EPS figures in British Pound
Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004)
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Months Ago
0
--------------------------------------------------------------------------------
1
--------------------------------------------------------------------------------
2
--------------------------------------------------------------------------------
3
--------------------------------------------------------------------------------
Strong Buy
Moderate Buy
Hold
Moderate Sell
Strong Sell
Mean* 1
1
0
0
0
--------------------------------------------------------------------------------
1.50 2
0
0
0
0
--------------------------------------------------------------------------------
1.00 1
0
0
0
0
--------------------------------------------------------------------------------
1.00 2
0
0
0
0
--------------------------------------------------------------------------------
1.00
* (strong buy) 1.00 - 5.00 (strong sell)
--------------------------------------------------------------------------------
Industry:Support Services
Ranked 24 of 151
Next Earnings (Approx.): 20 Nov 2003
Earnings Estimates
--------------------------------------------------------------------------------
Consensus
# of Analysts
Low Estimate
High Estimate
Year Ago EPS
EPS Growth
-2.20
2
-2.30
-2.10
N/A
N/A
5.00
2
5.00
5.00
N/A
327.27
Consensus EPS Trend
--------------------------------------------------------------------------------
Current
7 Days Ago
30 Days Ago
60 Days Ago
90 Days Ago
-2.20
-2.20
-2.10
-2.10
-2.10
5.00
5.00
5.00
5.00
5.00
Earnings Growth
Last 3 Years Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004) Last Reported Year - Forecast Year 2
(30 Sep 2004) Price/Earn
(30 Sep 2003) PEG Ratio
(30 Sep 2003)
Cardpoint plc
Support Services
Country Aggregate
N/A
N/A
7.38
10.31 327.27
9.57
9.22
17.65
20.49 -37.5
14.61
14.34
N/A
N/A
Earnings History
30 Sep 2001 30 Sep 2002
Estimate
Actual
Difference
% Surprise
N/A
N/A
N/A
Covering Brokers
Evolution Beeson Gregory,Numis Securities
Research - Cardpoint plc (CASH.L)
As of 06 Nov 2003
Research Summary Disclaimer
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Strong Buy 1
Moderate Buy 1
Hold 0
Moderate Sell 0
Strong Sell 0
Average Recommendation
(Strong Buy) 1.00 - 5.00 (Strong Sell)
--------------------------------------------------------------------------------
This Week 1.50
Last Week 1.50
Change 0.00%
--------------------------------------------------------------------------------
Covering Brokers
Earnings Per Share
--------------------------------------------------------------------------------
Last Reported Year 30 Sep 2002 N/A
Surprise %
Consensus Estimates
Forecast Year 1 (30 Sep 2003) -2.20
Forecast Year 2 (30 Sep 2004) 5.00
Earnings Estimates & Recommendations
EPS figures in British Pound
Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004)
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Months Ago
0
--------------------------------------------------------------------------------
1
--------------------------------------------------------------------------------
2
--------------------------------------------------------------------------------
3
--------------------------------------------------------------------------------
Strong Buy
Moderate Buy
Hold
Moderate Sell
Strong Sell
Mean* 1
1
0
0
0
--------------------------------------------------------------------------------
1.50 2
0
0
0
0
--------------------------------------------------------------------------------
1.00 1
0
0
0
0
--------------------------------------------------------------------------------
1.00 2
0
0
0
0
--------------------------------------------------------------------------------
1.00
* (strong buy) 1.00 - 5.00 (strong sell)
--------------------------------------------------------------------------------
Industry:Support Services
Ranked 24 of 151
Next Earnings (Approx.): 20 Nov 2003
Earnings Estimates
--------------------------------------------------------------------------------
Consensus
# of Analysts
Low Estimate
High Estimate
Year Ago EPS
EPS Growth
-2.20
2
-2.30
-2.10
N/A
N/A
5.00
2
5.00
5.00
N/A
327.27
Consensus EPS Trend
--------------------------------------------------------------------------------
Current
7 Days Ago
30 Days Ago
60 Days Ago
90 Days Ago
-2.20
-2.20
-2.10
-2.10
-2.10
5.00
5.00
5.00
5.00
5.00
Earnings Growth
Last 3 Years Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004) Last Reported Year - Forecast Year 2
(30 Sep 2004) Price/Earn
(30 Sep 2003) PEG Ratio
(30 Sep 2003)
Cardpoint plc
Support Services
Country Aggregate
N/A
N/A
7.38
10.31 327.27
9.57
9.22
17.65
20.49 -37.5
14.61
14.34
N/A
N/A
Earnings History
30 Sep 2001 30 Sep 2002
Estimate
Actual
Difference
% Surprise
N/A
N/A
N/A
Covering Brokers
Evolution Beeson Gregory,Numis Securities
Research - Cardpoint plc (CASH.L)
As of 06 Nov 2003
Research Summary Disclaimer
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Strong Buy 1
Moderate Buy 1
Hold 0
Moderate Sell 0
Strong Sell 0
Average Recommendation
(Strong Buy) 1.00 - 5.00 (Strong Sell)
--------------------------------------------------------------------------------
This Week 1.50
Last Week 1.50
Change 0.00%
--------------------------------------------------------------------------------
Covering Brokers
Earnings Per Share
--------------------------------------------------------------------------------
Last Reported Year 30 Sep 2002 N/A
Surprise %
Consensus Estimates
Forecast Year 1 (30 Sep 2003) -2.20
Forecast Year 2 (30 Sep 2004) 5.00
Earnings Estimates & Recommendations
EPS figures in British Pound
Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004)
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Months Ago
0
--------------------------------------------------------------------------------
1
--------------------------------------------------------------------------------
2
--------------------------------------------------------------------------------
3
--------------------------------------------------------------------------------
Strong Buy
Moderate Buy
Hold
Moderate Sell
Strong Sell
Mean* 1
1
0
0
0
--------------------------------------------------------------------------------
1.50 2
0
0
0
0
--------------------------------------------------------------------------------
1.00 1
0
0
0
0
--------------------------------------------------------------------------------
1.00 2
0
0
0
0
--------------------------------------------------------------------------------
1.00
* (strong buy) 1.00 - 5.00 (strong sell)
--------------------------------------------------------------------------------
Industry:Support Services
Ranked 24 of 151
Next Earnings (Approx.): 20 Nov 2003
Earnings Estimates
--------------------------------------------------------------------------------
Consensus
# of Analysts
Low Estimate
High Estimate
Year Ago EPS
EPS Growth
-2.20
2
-2.30
-2.10
N/A
N/A
5.00
2
5.00
5.00
N/A
327.27
Consensus EPS Trend
--------------------------------------------------------------------------------
Current
7 Days Ago
30 Days Ago
60 Days Ago
90 Days Ago
-2.20
-2.20
-2.10
-2.10
-2.10
5.00
5.00
5.00
5.00
5.00
Earnings Growth
Last 3 Years Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004) Last Reported Year - Forecast Year 2
(30 Sep 2004) Price/Earn
(30 Sep 2003) PEG Ratio
(30 Sep 2003)
Cardpoint plc
Support Services
Country Aggregate
N/A
N/A
7.38
10.31 327.27
9.57
9.22
17.65
20.49 -37.5
14.61
14.34
N/A
N/A
Earnings History
30 Sep 2001 30 Sep 2002
Estimate
Actual
Difference
% Surprise
N/A
N/A
N/A
Covering Brokers
Evolution Beeson Gregory,Numis Securities
GF.
Research - Cardpoint plc (CASH.L)
As of 06 Nov 2003
Research Summary Disclaimer
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Strong Buy 1
Moderate Buy 1
Hold 0
Moderate Sell 0
Strong Sell 0
Average Recommendation
(Strong Buy) 1.00 - 5.00 (Strong Sell)
--------------------------------------------------------------------------------
This Week 1.50
Last Week 1.50
Change 0.00%
--------------------------------------------------------------------------------
Covering Brokers
Earnings Per Share
--------------------------------------------------------------------------------
Last Reported Year 30 Sep 2002 N/A
Surprise %
Consensus Estimates
Forecast Year 1 (30 Sep 2003) -2.20
Forecast Year 2 (30 Sep 2004) 5.00
Earnings Estimates & Recommendations
EPS figures in British Pound
Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004)
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Months Ago
0
--------------------------------------------------------------------------------
1
--------------------------------------------------------------------------------
2
--------------------------------------------------------------------------------
3
--------------------------------------------------------------------------------
Strong Buy
Moderate Buy
Hold
Moderate Sell
Strong Sell
Mean* 1
1
0
0
0
--------------------------------------------------------------------------------
1.50 2
0
0
0
0
--------------------------------------------------------------------------------
1.00 1
0
0
0
0
--------------------------------------------------------------------------------
1.00 2
0
0
0
0
--------------------------------------------------------------------------------
1.00
* (strong buy) 1.00 - 5.00 (strong sell)
--------------------------------------------------------------------------------
Industry:Support Services
Ranked 24 of 151
Next Earnings (Approx.): 20 Nov 2003
Earnings Estimates
--------------------------------------------------------------------------------
Consensus
# of Analysts
Low Estimate
High Estimate
Year Ago EPS
EPS Growth
-2.20
2
-2.30
-2.10
N/A
N/A
5.00
2
5.00
5.00
N/A
327.27
Consensus EPS Trend
--------------------------------------------------------------------------------
Current
7 Days Ago
30 Days Ago
60 Days Ago
90 Days Ago
-2.20
-2.20
-2.10
-2.10
-2.10
5.00
5.00
5.00
5.00
5.00
Earnings Growth
Last 3 Years Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004) Last Reported Year - Forecast Year 2
(30 Sep 2004) Price/Earn
(30 Sep 2003) PEG Ratio
(30 Sep 2003)
Cardpoint plc
Support Services
Country Aggregate
N/A
N/A
7.38
10.31 327.27
9.57
9.22
17.65
20.49 -37.5
14.61
14.34
N/A
N/A
Earnings History
30 Sep 2001 30 Sep 2002
Estimate
Actual
Difference
% Surprise
N/A
N/A
N/A
Covering Brokers
Evolution Beeson Gregory,Numis Securities
Research - Cardpoint plc (CASH.L)
As of 06 Nov 2003
Research Summary Disclaimer
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Strong Buy 1
Moderate Buy 1
Hold 0
Moderate Sell 0
Strong Sell 0
Average Recommendation
(Strong Buy) 1.00 - 5.00 (Strong Sell)
--------------------------------------------------------------------------------
This Week 1.50
Last Week 1.50
Change 0.00%
--------------------------------------------------------------------------------
Covering Brokers
Earnings Per Share
--------------------------------------------------------------------------------
Last Reported Year 30 Sep 2002 N/A
Surprise %
Consensus Estimates
Forecast Year 1 (30 Sep 2003) -2.20
Forecast Year 2 (30 Sep 2004) 5.00
Earnings Estimates & Recommendations
EPS figures in British Pound
Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004)
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Months Ago
0
--------------------------------------------------------------------------------
1
--------------------------------------------------------------------------------
2
--------------------------------------------------------------------------------
3
--------------------------------------------------------------------------------
Strong Buy
Moderate Buy
Hold
Moderate Sell
Strong Sell
Mean* 1
1
0
0
0
--------------------------------------------------------------------------------
1.50 2
0
0
0
0
--------------------------------------------------------------------------------
1.00 1
0
0
0
0
--------------------------------------------------------------------------------
1.00 2
0
0
0
0
--------------------------------------------------------------------------------
1.00
* (strong buy) 1.00 - 5.00 (strong sell)
--------------------------------------------------------------------------------
Industry:Support Services
Ranked 24 of 151
Next Earnings (Approx.): 20 Nov 2003
Earnings Estimates
--------------------------------------------------------------------------------
Consensus
# of Analysts
Low Estimate
High Estimate
Year Ago EPS
EPS Growth
-2.20
2
-2.30
-2.10
N/A
N/A
5.00
2
5.00
5.00
N/A
327.27
Consensus EPS Trend
--------------------------------------------------------------------------------
Current
7 Days Ago
30 Days Ago
60 Days Ago
90 Days Ago
-2.20
-2.20
-2.10
-2.10
-2.10
5.00
5.00
5.00
5.00
5.00
Earnings Growth
Last 3 Years Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004) Last Reported Year - Forecast Year 2
(30 Sep 2004) Price/Earn
(30 Sep 2003) PEG Ratio
(30 Sep 2003)
Cardpoint plc
Support Services
Country Aggregate
N/A
N/A
7.38
10.31 327.27
9.57
9.22
17.65
20.49 -37.5
14.61
14.34
N/A
N/A
Earnings History
30 Sep 2001 30 Sep 2002
Estimate
Actual
Difference
% Surprise
N/A
N/A
N/A
Covering Brokers
Evolution Beeson Gregory,Numis Securities
Research - Cardpoint plc (CASH.L)
As of 06 Nov 2003
Research Summary Disclaimer
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Strong Buy 1
Moderate Buy 1
Hold 0
Moderate Sell 0
Strong Sell 0
Average Recommendation
(Strong Buy) 1.00 - 5.00 (Strong Sell)
--------------------------------------------------------------------------------
This Week 1.50
Last Week 1.50
Change 0.00%
--------------------------------------------------------------------------------
Covering Brokers
Earnings Per Share
--------------------------------------------------------------------------------
Last Reported Year 30 Sep 2002 N/A
Surprise %
Consensus Estimates
Forecast Year 1 (30 Sep 2003) -2.20
Forecast Year 2 (30 Sep 2004) 5.00
Earnings Estimates & Recommendations
EPS figures in British Pound
Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004)
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Months Ago
0
--------------------------------------------------------------------------------
1
--------------------------------------------------------------------------------
2
--------------------------------------------------------------------------------
3
--------------------------------------------------------------------------------
Strong Buy
Moderate Buy
Hold
Moderate Sell
Strong Sell
Mean* 1
1
0
0
0
--------------------------------------------------------------------------------
1.50 2
0
0
0
0
--------------------------------------------------------------------------------
1.00 1
0
0
0
0
--------------------------------------------------------------------------------
1.00 2
0
0
0
0
--------------------------------------------------------------------------------
1.00
* (strong buy) 1.00 - 5.00 (strong sell)
--------------------------------------------------------------------------------
Industry:Support Services
Ranked 24 of 151
Next Earnings (Approx.): 20 Nov 2003
Earnings Estimates
--------------------------------------------------------------------------------
Consensus
# of Analysts
Low Estimate
High Estimate
Year Ago EPS
EPS Growth
-2.20
2
-2.30
-2.10
N/A
N/A
5.00
2
5.00
5.00
N/A
327.27
Consensus EPS Trend
--------------------------------------------------------------------------------
Current
7 Days Ago
30 Days Ago
60 Days Ago
90 Days Ago
-2.20
-2.20
-2.10
-2.10
-2.10
5.00
5.00
5.00
5.00
5.00
Earnings Growth
Last 3 Years Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004) Last Reported Year - Forecast Year 2
(30 Sep 2004) Price/Earn
(30 Sep 2003) PEG Ratio
(30 Sep 2003)
Cardpoint plc
Support Services
Country Aggregate
N/A
N/A
7.38
10.31 327.27
9.57
9.22
17.65
20.49 -37.5
14.61
14.34
N/A
N/A
Earnings History
30 Sep 2001 30 Sep 2002
Estimate
Actual
Difference
% Surprise
N/A
N/A
N/A
Covering Brokers
Evolution Beeson Gregory,Numis Securities
GF.
Ciao
- 11 Nov 2003 12:47
- 19 of 78
GF just to support all your input I bought some this morning 84.63
I will buy you a "panettone" for Xmas....
Ciao
I will buy you a "panettone" for Xmas....
Ciao
goldfinger
- 11 Nov 2003 16:38
- 20 of 78
Cheers Ciao. I cant beleive this one hasnt moved again. Beginning to wonder if its one of those that move upwards when sells go upwards. Contrarian share????.
cheers GF.
cheers GF.
goldfinger
- 12 Nov 2003 01:15
- 21 of 78
If this one doesnt move north tomorrow then sorry Im bringing in a armoured tank to physicaly move it. MMS its me Rog from the Henly reggata, surely as we are pals and will see each other next year, you can bang it up at least 5p.
cheers rog.
cheers rog.
Sutre
- 19 Nov 2003 16:25
- 22 of 78
Don't forget - results are announced tomorrow:
'Cardpoint plc, the AIM listed ATM and mobile top up operator, will be announcing Preliminary Results for the full year ended 30 September 2003 on Thursday 20 November 2003. In order to accommodate an analyst meeting, this new timing replaces the previous date of Monday 24 November which the Company announced in its Trading Update dated 30 September 2003.'
'Cardpoint plc, the AIM listed ATM and mobile top up operator, will be announcing Preliminary Results for the full year ended 30 September 2003 on Thursday 20 November 2003. In order to accommodate an analyst meeting, this new timing replaces the previous date of Monday 24 November which the Company announced in its Trading Update dated 30 September 2003.'
neilpos - 19 Nov 2003 17:47 - 23 of 78
Bought these back in April for 52p when covered in Pat Lay's Smaller Companies Spotlight on the This is Money website (actually done quite well from tips taken on here). Still hanging on and watching next results with interest.
goldfinger
- 20 Nov 2003 02:03
- 24 of 78
Me too , gf.
leu01mah - 20 Nov 2003 10:57 - 25 of 78
Cardpoint today said that in the year to 30 September 2003, the company's turnover reached 12,166,000, a nearly
fourfold increase on the year to 30 September 2002, when turnover was 3,104,000.
The company said that it generated an EBITDA of 1,296,000 during the year, compared to a loss of 242,000 for the previous year, and generated a profit before tax and goodwill of 50,000, against a loss of 757,000 for the same period in 2002.
Cardpoint said that as a result of the funds raised during the year, the increased facility from Bank of Scotland, and the cash flow generated from operations, the Group is well funded for continued growth.
Cardpoint said that it now operates from a broad and profitable platform and will continue to grow organically and through appropriate acquisitions. The company said that it looks forward to a successful year.
The company said that it has retained its key customers and acquired new ones both organically and via acquisitions. The outsourcing agreement with Securicor Cash Services
Limited will see lower operating costs and greater availability of ATMs to customers, the company said.
Cardpoint said that it has made excellent progress in the year ended 30 September 2003 and has delivered ahead of all business and market expectations.
ICV Edited News from Dow Jones
0918 GMT Nov 20 2003
fourfold increase on the year to 30 September 2002, when turnover was 3,104,000.
The company said that it generated an EBITDA of 1,296,000 during the year, compared to a loss of 242,000 for the previous year, and generated a profit before tax and goodwill of 50,000, against a loss of 757,000 for the same period in 2002.
Cardpoint said that as a result of the funds raised during the year, the increased facility from Bank of Scotland, and the cash flow generated from operations, the Group is well funded for continued growth.
Cardpoint said that it now operates from a broad and profitable platform and will continue to grow organically and through appropriate acquisitions. The company said that it looks forward to a successful year.
The company said that it has retained its key customers and acquired new ones both organically and via acquisitions. The outsourcing agreement with Securicor Cash Services
Limited will see lower operating costs and greater availability of ATMs to customers, the company said.
Cardpoint said that it has made excellent progress in the year ended 30 September 2003 and has delivered ahead of all business and market expectations.
ICV Edited News from Dow Jones
0918 GMT Nov 20 2003
goldfinger
- 20 Nov 2003 15:22
- 26 of 78
Results above expectations, added this morning.
Cardpoint PLC
20 November 2003
Press Release 20 November 2003
Cardpoint plc
Preliminary Results for the year ended 30 September 2003
Cardpoint plc, the provider of electronic payment transactions, which owns and
operates 1,900 ATMs and approximately 3,000 mobile phone top-up terminals,
reports its Preliminary Results for the year ended 30 September 2003.
Highlights
- All key financial metrics ahead of market expectations
- Turnover at 12,166,000 up nearly fourfold (2002: 3,104,000)
- EBITDA of 1,296,000 (2002: EBITDA loss 242,000)
- Significant cash inflow from operating activities
- Pre-tax profit, before goodwill of 50,000 (2002: loss of 757,000)
- Acquisition of Green Machine and Securicor Cash Machine Limited for
1.3 million and up to 9.2 million respectively, adding a total of 1,317
ATMs to the estate at acquisition
- Acquisition of PT Distribution for 1.7 million, facilitating Cardpoint's
entry into complementary markets
- Reduced operating costs through an outsourcing agreement with Securicor Cash
Services Limited
- ATMs regularly dispense over 50 million cash per month and the mobile
top-up business distributes airtime value of 7 million per month
Commenting on the Preliminary Results, Mark Mills, Chief Executive Officer,
said: 'Cardpoint has grown substantially in the last year, both organically and
by way of acquisition. This has been reflected in the Results and also is a
measure of the Group's dedication to integrating the new businesses quickly
whilst maintaining the high quality service that our customers have come to
expect.
'Our planned transition from a pure ATM operator to a provider and facilitator
of electronic payment transactions is part of our strategy to diversify our
business and take advantage of synergistic markets that will add to the bottom
line and increase shareholder value. Our most recent acquisition, PT
Distribution, marks the start of this strategy and the Group will continue to
grow organically as well as assess similar businesses to those in our current
portfolio. We look forward to a successful year.'
For further information, please contact:
Enquiries:
Cardpoint plc
Mark Mills, Chief Executive Officer Tel: +44 (0) 1253 785 808
mark.mills@cardpointplc.com www.cardpointplc.com
Evolution Beeson Gregory
Mike Brennan / Henry Turcan Tel: +44 020 7071 4310
henry.turcan@evbg.com www.evbg.com
Media enquiries:
Bankside Tel: +44 (0) 20 7444 4140
Henry Harrison-Topham / Ariane Vacher
henry.ht@bankside.com www.bankside.com
- Ends -
cheers GF.
Cardpoint PLC
20 November 2003
Press Release 20 November 2003
Cardpoint plc
Preliminary Results for the year ended 30 September 2003
Cardpoint plc, the provider of electronic payment transactions, which owns and
operates 1,900 ATMs and approximately 3,000 mobile phone top-up terminals,
reports its Preliminary Results for the year ended 30 September 2003.
Highlights
- All key financial metrics ahead of market expectations
- Turnover at 12,166,000 up nearly fourfold (2002: 3,104,000)
- EBITDA of 1,296,000 (2002: EBITDA loss 242,000)
- Significant cash inflow from operating activities
- Pre-tax profit, before goodwill of 50,000 (2002: loss of 757,000)
- Acquisition of Green Machine and Securicor Cash Machine Limited for
1.3 million and up to 9.2 million respectively, adding a total of 1,317
ATMs to the estate at acquisition
- Acquisition of PT Distribution for 1.7 million, facilitating Cardpoint's
entry into complementary markets
- Reduced operating costs through an outsourcing agreement with Securicor Cash
Services Limited
- ATMs regularly dispense over 50 million cash per month and the mobile
top-up business distributes airtime value of 7 million per month
Commenting on the Preliminary Results, Mark Mills, Chief Executive Officer,
said: 'Cardpoint has grown substantially in the last year, both organically and
by way of acquisition. This has been reflected in the Results and also is a
measure of the Group's dedication to integrating the new businesses quickly
whilst maintaining the high quality service that our customers have come to
expect.
'Our planned transition from a pure ATM operator to a provider and facilitator
of electronic payment transactions is part of our strategy to diversify our
business and take advantage of synergistic markets that will add to the bottom
line and increase shareholder value. Our most recent acquisition, PT
Distribution, marks the start of this strategy and the Group will continue to
grow organically as well as assess similar businesses to those in our current
portfolio. We look forward to a successful year.'
For further information, please contact:
Enquiries:
Cardpoint plc
Mark Mills, Chief Executive Officer Tel: +44 (0) 1253 785 808
mark.mills@cardpointplc.com www.cardpointplc.com
Evolution Beeson Gregory
Mike Brennan / Henry Turcan Tel: +44 020 7071 4310
henry.turcan@evbg.com www.evbg.com
Media enquiries:
Bankside Tel: +44 (0) 20 7444 4140
Henry Harrison-Topham / Ariane Vacher
henry.ht@bankside.com www.bankside.com
- Ends -
cheers GF.
hawick
- 20 Nov 2003 15:32
- 27 of 78
Excellent detail and posts GF. Thanks for the tip. planning to take a holding in this one and freeing up funds now!
goldfinger
- 20 Nov 2003 20:33
- 28 of 78
Tipped this evening by growth Company Investor.........
20/11/2003
Cardpoint - BUY
October Company Profile Cardpoint clipped higher on an excellent full year statement showing the company delivering ahead of all expectations. Sales leapt almost fourfold to 12.2m, ahead of the 11.2m figure mooted by house broker Evolution Beeson Gregor.......
cheers GF.
20/11/2003
Cardpoint - BUY
October Company Profile Cardpoint clipped higher on an excellent full year statement showing the company delivering ahead of all expectations. Sales leapt almost fourfold to 12.2m, ahead of the 11.2m figure mooted by house broker Evolution Beeson Gregor.......
cheers GF.
Ciao
- 21 Nov 2003 08:21
- 29 of 78
yesterday it move nicely....I am already in the money..
Rollon...
Ciao
Rollon...
Ciao
goldfinger
- 21 Nov 2003 12:34
- 30 of 78
And another one tipping it. Great stuff.
Tip Update: still a lot of point in Cardpoint
Published: 13:14 Thr 20 Nov 2003
By Joanne Wallen, Associate Editor
Email to a friend
Cardpoint has done well for investors in the past year with results today showing a much larger and now profitable company, but don't cash in your chips just yet.
Cardpoint (CASH) is a supplier of cash machines, or ATMs to shopping centres, motorway service stations and small corner shops. The company has also diversified in the past year into providing electronic mobile phone top-up terminals through its acquisition of PT Distribution for ?1.7 million from Project Telecom, the remainder of which was sold to Vodafone.
Cardpoint's figures for the year to September were significantly ahead of expectations and the company turned in its first small pre-tax profit of ?50,000 against losses last time of ?757,000 on turnover up nearly fourfold at ?12.2 million.
The news sent shares up 5.5p to 85p, valuing the business at ?27.7 million. We tipped the shares a year ago at 44.5p, and earlier this month highlighted Irish entrepreneur Dermot Desmond's secret 1.8% stake in the company. Desmond owns Celtic football club, has a 1.9 million-share stake in Manchester United and is estimated to have made some ?56 million from trading shares in technology company Baltimore.
Cardpoint has grown both organically and through acquisition. It bought Green Machine in October last year, adding 105 ATMs to the business. In June this year, it changed tack slightly with the acquisition of Securicor Cash Machine, which added more than 1,200 ATMs, mostly in small corner shops, which the company had originally not targeted.
Chief executive Mark Mills told Citywire that Cardpoint had originally avoided these individual retailers because of the effort needed to sign them up, but buying a whole load through acquisition brings the same quality of individual transaction into the company.
The mobile top-up business fits well with the ATM operation as Cardpoint can offer the same retailers both bits of kit. The company takes a 2.5% commission on all air-time bought. It has already seen airtime values of ?7 million a month through the business, and the ATMs are dispensing more than ?50 million a month.
Some of the top-up terminals also enable ordinary debit and credit card purchases, which Mills sees as offering incremental revenues through the company's existing infrastructure.
Mills said there are thousands of potential sites for new machines, as both markets are growing strongly. The company has, since the year end, signed a deal with off-licence chain Threshers, to provide up to 1,000 mobile top-up terminals. The big opportunity here is that Cardpoint's terminals accept cash payments, where many accept only cards. Also, from next year the mobile operators will phase out scratch cards as a means of buying top-up airtime, which should give Cardpoint the opportunity to sell to those retailers that currently provide scratch-card top ups.
Citywire Verdict:
This is a very cash generative business with little bad debt exposure. Growth so far has been stellar, and there is no reason why it should not continue. In fact the company is expected to turn over ?30 million this year.
Even at the current price, the shares are valued at just 17.9 times this year's earnings estimates and 10 times 2005. Still worth buying.
cheers GF.
Tip Update: still a lot of point in Cardpoint
Published: 13:14 Thr 20 Nov 2003
By Joanne Wallen, Associate Editor
Email to a friend
Cardpoint has done well for investors in the past year with results today showing a much larger and now profitable company, but don't cash in your chips just yet.
Cardpoint (CASH) is a supplier of cash machines, or ATMs to shopping centres, motorway service stations and small corner shops. The company has also diversified in the past year into providing electronic mobile phone top-up terminals through its acquisition of PT Distribution for ?1.7 million from Project Telecom, the remainder of which was sold to Vodafone.
Cardpoint's figures for the year to September were significantly ahead of expectations and the company turned in its first small pre-tax profit of ?50,000 against losses last time of ?757,000 on turnover up nearly fourfold at ?12.2 million.
The news sent shares up 5.5p to 85p, valuing the business at ?27.7 million. We tipped the shares a year ago at 44.5p, and earlier this month highlighted Irish entrepreneur Dermot Desmond's secret 1.8% stake in the company. Desmond owns Celtic football club, has a 1.9 million-share stake in Manchester United and is estimated to have made some ?56 million from trading shares in technology company Baltimore.
Cardpoint has grown both organically and through acquisition. It bought Green Machine in October last year, adding 105 ATMs to the business. In June this year, it changed tack slightly with the acquisition of Securicor Cash Machine, which added more than 1,200 ATMs, mostly in small corner shops, which the company had originally not targeted.
Chief executive Mark Mills told Citywire that Cardpoint had originally avoided these individual retailers because of the effort needed to sign them up, but buying a whole load through acquisition brings the same quality of individual transaction into the company.
The mobile top-up business fits well with the ATM operation as Cardpoint can offer the same retailers both bits of kit. The company takes a 2.5% commission on all air-time bought. It has already seen airtime values of ?7 million a month through the business, and the ATMs are dispensing more than ?50 million a month.
Some of the top-up terminals also enable ordinary debit and credit card purchases, which Mills sees as offering incremental revenues through the company's existing infrastructure.
Mills said there are thousands of potential sites for new machines, as both markets are growing strongly. The company has, since the year end, signed a deal with off-licence chain Threshers, to provide up to 1,000 mobile top-up terminals. The big opportunity here is that Cardpoint's terminals accept cash payments, where many accept only cards. Also, from next year the mobile operators will phase out scratch cards as a means of buying top-up airtime, which should give Cardpoint the opportunity to sell to those retailers that currently provide scratch-card top ups.
Citywire Verdict:
This is a very cash generative business with little bad debt exposure. Growth so far has been stellar, and there is no reason why it should not continue. In fact the company is expected to turn over ?30 million this year.
Even at the current price, the shares are valued at just 17.9 times this year's earnings estimates and 10 times 2005. Still worth buying.
cheers GF.
goldfinger
- 22 Nov 2003 00:47
- 31 of 78
No movement today but majority buys.
cheers gf.
cheers gf.
jfletendre
- 22 Nov 2003 10:06
- 32 of 78
Hi GF - well, you must have definitely enjoyed the rugby game last week!!!
Just to let you know that RHPS's latest email re: CASH is to buy at a new limit price of 90p with a target of 1.40
Enjoy the next rugby match!
Anna
Just to let you know that RHPS's latest email re: CASH is to buy at a new limit price of 90p with a target of 1.40
Enjoy the next rugby match!
Anna
goldfinger
- 22 Nov 2003 23:42
- 33 of 78
Wow, thanks Anna. Still not gone into our Bio yet, keep a watch out to see if it falls any further.
cheers GF,
ps, loved the rugby, I was so proud of the team. The Aussies played their hearts out aswell. I was washed out at the end of it, I thought I had been playing myself.
Going out celebrating now, but not too much. See you next week.
cheers GF,
ps, loved the rugby, I was so proud of the team. The Aussies played their hearts out aswell. I was washed out at the end of it, I thought I had been playing myself.
Going out celebrating now, but not too much. See you next week.
goldfinger
- 01 Dec 2003 00:46
- 34 of 78
I hear that analysts have been upping their estimates on this one.
I expect a good week for the share.
cheers gf.
I expect a good week for the share.
cheers gf.
goldfinger
- 01 Dec 2003 11:36
- 35 of 78
A poster on a competing board says this one was a new BUY this weekend. Lets hope for more action upwards.
cheers GF.
cheers GF.
goldfinger
- 15 Dec 2003 15:49
- 36 of 78
Instituions cant get enough.
Money man satisfies institutional thirst for Cardpoint shares
Published: 11:19 Sat 13 Dec 2003
By Graeme Davies, Companies Correspondent
Email to a friend
The finance director of cash machines group Cardpoint has taken advantage of its high share price by selling some shares.
Chris Hanson has bowed to institutional demand with the sale of 120,000 shares in the 31.5 million company at 93p each, banking 111,600 in the process. This sale leaves him with 280,000 shares or 0.9% of Cardpoint.
However the sale did not harm sentiment towards Cardpoint and its shares rose 1.5p to 96p on Friday. It has now risen from 34.6p earlier this year and is well ahead of the 44.5p level at which Citywire tipped Cardpoint (CASH) last year.
The company has grown through acquisition as well as organically as it succeeds in placing more cash machines into shops and railway stations. Earlier this year it bought PT Distribution from Project Telecom providing it with a mobile phone top-up terminals business.
According to last month's annual results both businesses are going great guns; airtime values of 7 million a month are passing through the top-up terminals and the cash machines are dispensing 50 million a month. In June it bought Securicor Cash Services, which had 1,200 cash machines.
In the year to September the company made a modest maiden profit of 50,000 compared with a loss of 757,000 the previous year as turnover quadrupled to 12.2 million.
Citywire revealed in October that shrewd Irish investor Dermot Desmond had taken a 1.8% stake in Cardpoint. He is better known for his involvement with Celtic and Manchester United football clubs.
cheers GF.
Money man satisfies institutional thirst for Cardpoint shares
Published: 11:19 Sat 13 Dec 2003
By Graeme Davies, Companies Correspondent
Email to a friend
The finance director of cash machines group Cardpoint has taken advantage of its high share price by selling some shares.
Chris Hanson has bowed to institutional demand with the sale of 120,000 shares in the 31.5 million company at 93p each, banking 111,600 in the process. This sale leaves him with 280,000 shares or 0.9% of Cardpoint.
However the sale did not harm sentiment towards Cardpoint and its shares rose 1.5p to 96p on Friday. It has now risen from 34.6p earlier this year and is well ahead of the 44.5p level at which Citywire tipped Cardpoint (CASH) last year.
The company has grown through acquisition as well as organically as it succeeds in placing more cash machines into shops and railway stations. Earlier this year it bought PT Distribution from Project Telecom providing it with a mobile phone top-up terminals business.
According to last month's annual results both businesses are going great guns; airtime values of 7 million a month are passing through the top-up terminals and the cash machines are dispensing 50 million a month. In June it bought Securicor Cash Services, which had 1,200 cash machines.
In the year to September the company made a modest maiden profit of 50,000 compared with a loss of 757,000 the previous year as turnover quadrupled to 12.2 million.
Citywire revealed in October that shrewd Irish investor Dermot Desmond had taken a 1.8% stake in Cardpoint. He is better known for his involvement with Celtic and Manchester United football clubs.
cheers GF.
aimtrader - 15 Dec 2003 23:31 - 37 of 78
100p!
More to come i think!!!
More to come i think!!!
goldfinger
- 17 Dec 2003 00:04
- 38 of 78
Down a tad today, but what wasnt. Looks good for the future as aimtrader points out.
cheers GF.
cheers GF.
goldfinger
- 17 Dec 2003 12:01
- 39 of 78
This ones been unfairly tonked by the MMs so Ive placed a buy order in, lets seeif I can get within the spread.
cheers GF.
cheers GF.
ajren - 17 Dec 2003 13:06 - 40 of 78
Hi Posters,
Ref Dermot Desmond above.
I know ABSOLUTELY NOTHING about the company/share.However,I,being a businessman
and Irish know he is one of the shrewdest businesspeople you could imagine.
I would nearly buy a few shares in any company he has shares in---a bit of an
exaggeration but you see my point.rgds aj
Ref Dermot Desmond above.
I know ABSOLUTELY NOTHING about the company/share.However,I,being a businessman
and Irish know he is one of the shrewdest businesspeople you could imagine.
I would nearly buy a few shares in any company he has shares in---a bit of an
exaggeration but you see my point.rgds aj
goldfinger
- 17 Dec 2003 14:52
- 41 of 78
Cheers thanks for that Ajren, yes citywire have him featured many times in their shrewd buyers section.
GF.
GF.
aimtrader - 18 Dec 2003 23:05 - 42 of 78
GF,
Nice to see the recent drop start to reverse again today, i have high hopes for CASH, i see them as a really solid stock, with plenty of growth ahead, and one for 2004.
Nice to see the recent drop start to reverse again today, i have high hopes for CASH, i see them as a really solid stock, with plenty of growth ahead, and one for 2004.
goldfinger
- 18 Dec 2003 23:29
- 43 of 78
Yup good one there aimtrader, Ive just seen aswell they were tipped in the Aim and Ofex tip sheet, must be about the fifth one that as tipped them. They have an excelent management.
cheers GF.
cheers GF.
aimtrader - 28 Dec 2003 14:00 - 44 of 78
GF,
i have just read the latest Shares Magazine, and one of their jouralists has chosen Cardpoint as one of his top picks for 2004!!!
Reading through his article i can see why he has made his choice.
CASH have reduced transaction costs from 20p to just 5p per transaction.
1875 ATM machines now in service.
2200 ATM machine target by end of 2004.
Each new ATM becomes profitable after 800 withdrawals have taken place each month, (which is hardly a demanding target in my opinion).
CASH have a good record of increasing transaction volumes per machine, using improved signage and machine access.
Cashpoint is expected to make a pre-tax profit of 2.6 million in 2004, and 4 million in 2005.
Current market cap is 31 million.
i have just read the latest Shares Magazine, and one of their jouralists has chosen Cardpoint as one of his top picks for 2004!!!
Reading through his article i can see why he has made his choice.
CASH have reduced transaction costs from 20p to just 5p per transaction.
1875 ATM machines now in service.
2200 ATM machine target by end of 2004.
Each new ATM becomes profitable after 800 withdrawals have taken place each month, (which is hardly a demanding target in my opinion).
CASH have a good record of increasing transaction volumes per machine, using improved signage and machine access.
Cashpoint is expected to make a pre-tax profit of 2.6 million in 2004, and 4 million in 2005.
Current market cap is 31 million.
Andy
- 28 Dec 2003 23:50
- 45 of 78
Shares has featured Cardpoint at least a couple of times now, and I share their confidence.
This isn't a fancy tech stock, it simply gives people a service they need on an everyday basis, at a modest price, and that demand is set to increase, rather then decrease, IMHO.
CASH are looking good for the New Year, and I am making them one of my favourites for 2004.
This isn't a fancy tech stock, it simply gives people a service they need on an everyday basis, at a modest price, and that demand is set to increase, rather then decrease, IMHO.
CASH are looking good for the New Year, and I am making them one of my favourites for 2004.
goldfinger
- 29 Dec 2003 23:38
- 46 of 78
Well a cracker of a day Andy. Fingers crossed we can stay above 100p this time.
cheers GF.
cheers GF.
goldfinger
- 05 Jan 2004 01:37
- 47 of 78
Been tipped by a top tip sheet this weekend as one of its tips for the year.
cheers GF.
cheers GF.
goldfinger
- 05 Jan 2004 11:04
- 48 of 78
News from another site that it has been tipped as one of techinvests tips of the year and doing very nicely this morning up near 5%.
cheers GF.
cheers GF.
goldfinger
- 08 Jan 2004 12:34
- 49 of 78
Evolution Beeson gregory note out on this yesterday evening.
Buy up to 119p and this may be conservastive. EBG say that the last results easily beat their forecasts and indicate a further upgrade may come.
they expect further organic growth this year, and perhaps more external moves.
cheers GF.
Buy up to 119p and this may be conservastive. EBG say that the last results easily beat their forecasts and indicate a further upgrade may come.
they expect further organic growth this year, and perhaps more external moves.
cheers GF.
goldfinger
- 08 Jan 2004 23:34
- 50 of 78
Up four days on the trot now. Excelent.
cheers GF.
cheers GF.
goldfinger
- 09 Jan 2004 01:22
- 51 of 78
WHAT THE BROKERS SAY
Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
CHECK THIS OUT
http://uk.biz.yahoo.com/z/c/cash.l.html
cheers GF.
Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
CHECK THIS OUT
http://uk.biz.yahoo.com/z/c/cash.l.html
cheers GF.
goldfinger
- 09 Jan 2004 11:00
- 52 of 78
Up again and going well.
cheers GF.
cheers GF.
goldfinger
- 10 Jan 2004 23:37
- 53 of 78
Saturday Paper Round: other news
Published: 12:19 Sat 10 Jan 2004
By Richard Lander, Editorial Director
Email to a friend
Wall Street closes lower after disappointing US employment news; the Dow ended 133 points lower while the Nasdaq closed 13 down.
* A deal to jail Andrew and Lea Fastow, Enron’s former chief financial officer and his wife, over the group’s collapse, fell apart yesterday
* Broker tips in the papers:
Cardpoint - Evolution says buy; Auto Indemnity and Next – Teather & Greenwood says buy; Topps Tiles – Panmure says buy; MFI Furniture – Arbuthnot says buy; RM Group – Altium Capital says buy; Homestyle – Arbuthnot says sell; Computacenter – ING says sell; Alliance & Leicester – Citigroup Smith Barney says sell
* British Airways plans a cost-cutting route to recovery, says Merrill Lynch
* Edward Miliband is returning to the Treasury as chair of The Council of Economic Advisers, after a stint at Harvard Investigators raided Bank of America’s offices in Milan as the probe into the Parmalat scandal widened
* The full content of Lord Penrose’s report into the Equitable Life disaster must be made available to the Treasury Select Committee, insists Shadow Financial Secretary Andrew Tyrie
* UK independent financial advisers face a sharp rise in firms about sales of precipice bonds which is likely to push up compensation bills and put some firm out of business
Published: 12:19 Sat 10 Jan 2004
By Richard Lander, Editorial Director
Email to a friend
Wall Street closes lower after disappointing US employment news; the Dow ended 133 points lower while the Nasdaq closed 13 down.
* A deal to jail Andrew and Lea Fastow, Enron’s former chief financial officer and his wife, over the group’s collapse, fell apart yesterday
* Broker tips in the papers:
Cardpoint - Evolution says buy; Auto Indemnity and Next – Teather & Greenwood says buy; Topps Tiles – Panmure says buy; MFI Furniture – Arbuthnot says buy; RM Group – Altium Capital says buy; Homestyle – Arbuthnot says sell; Computacenter – ING says sell; Alliance & Leicester – Citigroup Smith Barney says sell
* British Airways plans a cost-cutting route to recovery, says Merrill Lynch
* Edward Miliband is returning to the Treasury as chair of The Council of Economic Advisers, after a stint at Harvard Investigators raided Bank of America’s offices in Milan as the probe into the Parmalat scandal widened
* The full content of Lord Penrose’s report into the Equitable Life disaster must be made available to the Treasury Select Committee, insists Shadow Financial Secretary Andrew Tyrie
* UK independent financial advisers face a sharp rise in firms about sales of precipice bonds which is likely to push up compensation bills and put some firm out of business
goldfinger
- 12 Jan 2004 11:19
- 54 of 78
Bombing along again this morning.
cheers GF.
cheers GF.
016622
- 12 Jan 2004 17:03
- 55 of 78
How high will this go???
goldfinger
- 12 Jan 2004 23:53
- 56 of 78
Well Im looking for 150p first pit stop. The company have said that they hope to grow both internally and by acquisitions.
cheers GF.
cheers GF.
bishopjeremy
- 13 Jan 2004 11:18
- 57 of 78
bit of profit taking going on today.
just popped back in for a few more at 114p
just popped back in for a few more at 114p
goldfinger
- 13 Jan 2004 11:35
- 58 of 78
Same here BJ, excelent time to top up on the cheap.
cheers GF.
cheers GF.
goldfinger
- 13 Jan 2004 23:24
- 59 of 78
Okits lost a few bob today but I can tell you this another big Broker house as joined the fans late to day more to come. And its positive gear beleive me.
Cheers GF.
Cheers GF.
goldfinger
- 15 Jan 2004 15:31
- 60 of 78
And here is the article..........
Another Broker backs Cardpoint for 2004 as share for the year.
Analyst Eric Burns of Fysthe Horton Finney comments(major points), Cardpoint has grown from a standing point to become the 3rd largest operator in idependant cash machines.
Recent full year figures were ahead of expectations and forecasts for for the current year and next have been upgraded.
With over 3,000 terminals the group is a major player. The industrys profile is is likely to increase and as investors become familiar with the business model ratings could improve.
The shares trade on a P/E ratio of around 15 times which makes them look highly attractive given prospects for above average growth. BUY.
cheers GF.
Another Broker backs Cardpoint for 2004 as share for the year.
Analyst Eric Burns of Fysthe Horton Finney comments(major points), Cardpoint has grown from a standing point to become the 3rd largest operator in idependant cash machines.
Recent full year figures were ahead of expectations and forecasts for for the current year and next have been upgraded.
With over 3,000 terminals the group is a major player. The industrys profile is is likely to increase and as investors become familiar with the business model ratings could improve.
The shares trade on a P/E ratio of around 15 times which makes them look highly attractive given prospects for above average growth. BUY.
cheers GF.
goldfinger
- 15 Jan 2004 23:56
- 61 of 78
A couple of down days weve had. Good buying opportunity.
cheers Gf.
cheers Gf.
tobyjug - 16 Jan 2004 08:13 - 62 of 78
Cardpoint PLC
16 January 2004
Press Release 16 January 2004
Cardpoint renews ATM contract with Welcome Break
with five-year exclusive agreement
Cardpoint plc ('Cardpoint' or the 'Group'), the provider of electronic payment
transactions, which owns and operates 1,900 ATMs and approximately 3,500 mobile
phone top-up terminals, has been awarded an exclusive five year contract to
continue to supply Welcome Break with roadside location ATMs. Cardpoint
currently has 85 ATMs installed in Welcome Break sites and the contract provides
for a minimum of 30 additional installations.
Welcome Break is Cardpoint's largest corporate customer and the contract win is
believed to be the first major customer retention contract in the UK independent
ATM deployer market. The contract, which begins with immediate effect, provides
the Group with a significant stream of visible earnings with a minimum estimated
turnover of 8 million over five years. Welcome Break is the UK's leading
service station operator with 27 service areas covering all major motorway
routes and has an annual turnover of over 500 million.
As part of the contract Cardpoint will increase merchandising and point of sale
activity and has already begun the process of rebranding its ATMs orange to gain
greater prominence and increase transaction numbers. Cash machine services will
also be advertised on Welcome Break TV, a bespoke 'live' satellite TV station in
prime locations.
Karen McKechnie, Business Development Director of Welcome Break, said: 'We have
been impressed with Cardpoint's level of service and attention to detail in the
past and this led directly to them being awarded the tender. Their commitment
to driving customer footfall and revenues is strongly in line with our own
business objectives. We expect to extend our ATM offering over the next five
years and look forward to working with Cardpoint to this end.'
Nigel Mills, Sales Director of Cardpoint Group plc, said: 'Winning the contract,
with further potential to expand the estate, reinforces our position in the
market as a significant provider of ATMs to national multi-site Customers. The
new contract evidences our ability to build long-term commercial relationships
and will enable both parties to benefit from increased revenues as the portfolio
of installed ATMs expands.'
16 January 2004
Press Release 16 January 2004
Cardpoint renews ATM contract with Welcome Break
with five-year exclusive agreement
Cardpoint plc ('Cardpoint' or the 'Group'), the provider of electronic payment
transactions, which owns and operates 1,900 ATMs and approximately 3,500 mobile
phone top-up terminals, has been awarded an exclusive five year contract to
continue to supply Welcome Break with roadside location ATMs. Cardpoint
currently has 85 ATMs installed in Welcome Break sites and the contract provides
for a minimum of 30 additional installations.
Welcome Break is Cardpoint's largest corporate customer and the contract win is
believed to be the first major customer retention contract in the UK independent
ATM deployer market. The contract, which begins with immediate effect, provides
the Group with a significant stream of visible earnings with a minimum estimated
turnover of 8 million over five years. Welcome Break is the UK's leading
service station operator with 27 service areas covering all major motorway
routes and has an annual turnover of over 500 million.
As part of the contract Cardpoint will increase merchandising and point of sale
activity and has already begun the process of rebranding its ATMs orange to gain
greater prominence and increase transaction numbers. Cash machine services will
also be advertised on Welcome Break TV, a bespoke 'live' satellite TV station in
prime locations.
Karen McKechnie, Business Development Director of Welcome Break, said: 'We have
been impressed with Cardpoint's level of service and attention to detail in the
past and this led directly to them being awarded the tender. Their commitment
to driving customer footfall and revenues is strongly in line with our own
business objectives. We expect to extend our ATM offering over the next five
years and look forward to working with Cardpoint to this end.'
Nigel Mills, Sales Director of Cardpoint Group plc, said: 'Winning the contract,
with further potential to expand the estate, reinforces our position in the
market as a significant provider of ATMs to national multi-site Customers. The
new contract evidences our ability to build long-term commercial relationships
and will enable both parties to benefit from increased revenues as the portfolio
of installed ATMs expands.'
ckmtang - 16 Jan 2004 10:10 - 63 of 78
y it won the contract but the share price dropping??
goldfinger
- 16 Jan 2004 11:37
- 64 of 78
Share price is up now and looking stong this from Reuters...........
LONDON (Reuters) - Shares in cash machines operator Cardpoint have risen more than five percent after the company said it had renewed its contract to supply Welcome Break motorway service stations.
Cardpoint CASH.L said in a statement on Friday that the contract would bring in a minimum estimated turnover of eight million pounds over five years.
Shares in Cardpoint, which owns and operates 1,900 cash machines, were up 5.4 percent at 117 pence in morning trade, giving it a stock market value of around 25 million pounds.
Cardpoint already has 85 machines installed in Welcome Break sites, and the contract allows for at least 30 more. Welcome Break is Cardpoint's largest corporate customer.
Cardpoint shares have nearly trebled in value over the last year.
cheers GF.
LONDON (Reuters) - Shares in cash machines operator Cardpoint have risen more than five percent after the company said it had renewed its contract to supply Welcome Break motorway service stations.
Cardpoint CASH.L said in a statement on Friday that the contract would bring in a minimum estimated turnover of eight million pounds over five years.
Shares in Cardpoint, which owns and operates 1,900 cash machines, were up 5.4 percent at 117 pence in morning trade, giving it a stock market value of around 25 million pounds.
Cardpoint already has 85 machines installed in Welcome Break sites, and the contract allows for at least 30 more. Welcome Break is Cardpoint's largest corporate customer.
Cardpoint shares have nearly trebled in value over the last year.
cheers GF.
goldfinger
- 16 Jan 2004 11:53
- 65 of 78
Tipped in todays Investors Chronicle.
INVESTORS CHRONICLE
Tips:
*Buy - Hilton (HG.L), Wincanton (WIN.L), Minerva (MNR.L), Fountains (FNT.L), Cardpoint (CASH.L) and Victoria (VCP.L).
cheers Gf.
INVESTORS CHRONICLE
Tips:
*Buy - Hilton (HG.L), Wincanton (WIN.L), Minerva (MNR.L), Fountains (FNT.L), Cardpoint (CASH.L) and Victoria (VCP.L).
cheers Gf.
keith thomas - 16 Jan 2004 15:59 - 66 of 78
bought mine at 111p. up to what price should we still be buying??
goldfinger
- 17 Jan 2004 03:07
- 67 of 78
Keith, Evulution Beeson Gregory the stock Broker said that they had a conservative BUY price on it up to 119p and would be revised in the light of acquisitions and growth. Well i feel we got some of that today and also the Investors Chronicle tipped it, so there should be plenty upside.
cheers GF.
cheers GF.
goldfinger
- 19 Jan 2004 01:55
- 68 of 78
Some more news flow to post monday morning.
cheers GF.
cheers GF.
goldfinger
- 19 Jan 2004 11:33
- 69 of 78
And tipped agai Friday evening by growth company Investor........
16/01/2004
Cardpoint - BUY
Shares in the ATM and mobile phone top-up terminal operator ticked higher on the renewal of its ATM deal with motorway service chain Welcome Break, its biggest corporate customer. Cardpoint has won an exclusive five year contract to continue to supply the.......
Now up 11p on the day.
cheers GF.
16/01/2004
Cardpoint - BUY
Shares in the ATM and mobile phone top-up terminal operator ticked higher on the renewal of its ATM deal with motorway service chain Welcome Break, its biggest corporate customer. Cardpoint has won an exclusive five year contract to continue to supply the.......
Now up 11p on the day.
cheers GF.
goldfinger
- 19 Jan 2004 12:20
- 70 of 78
And tipped by Citywire.
Tip Update: Cardpoint gets a very Welcome Break
Published: 12:44 Fri 16 Jan 2004
By Joanne Wallen, Associate Editor
Email to a friend
Citywire tip Cardpoint is really motoring and today renewed an exclusive deal to put its cash machines in Welcome Break motorway service station, worth a minimum of 8 million over five years.
Cardpoint provides cash machines, or ATMs to shopping centres, motorway service stations and small corner shops. The company has also diversified in the past year into providing electronic mobile phone top-up terminals.
Welcome Break was one of Cardpoint's first customers. Cardpoint chief executive Mark Mills told Citywire the company has worked closely with its customer to help improve trading at the motorway service stations by strategic placing of ATM's, testing new signage and optimising the amount of additional trade that Welcome Break gets through customers withdrawing cash in the right place at the right time.
The initial contract ran for three years, after which Welcome Break went out to tender, but now it has renewed Cardpoint's deal on an exclusive basis for a further five years. It has also added some 20-30 premium sites to the deal.
Cardpoint also has deals with other motorway services groups including Moto, the former Granada Services.
Last year it made its first move into convenience stores with its acquisition of Securicor Cash Machine, which added more than 1,200 ATMs, mostly in small corner shops.
Mills said this business was proving to be very attractive. Basically, Cardpoint has a pretty fixed cost base, so every additional transaction through the system should fall through to the bottom line.
So far the company has seen very strong growth, but Mills says this shows no signs of abating. According to LINK Interchange Network, the company that operates the LINK cash machine network, the past three to four months have seen a staggering 200 million transactions a month through LINK ATM's (Cardpoint is a member of LINK). The company originally predicted that transactions would grow from 80 million to 100 million a month this year.
'We are staggered by the growth,' says Mills, who puts it down to the fact that fewer people than ever are being paid in cash, cash-back at supermarkets has stagnated, and more people use an ATM as their primary source of obtaining cash. The government is also in the process of starting to pay state benefits directly into claimants' bank accounts, which will only add to the number of ATM users.
According to the Apacs publication 'In Brief - Payments Market Briefing 2002': 'ATMs will become the principal source from which individuals acquire cash - by 2011 ATMs will be the dominant provider of cash to the personal sector, being used by seven adults in 10 on a regular basis and paying out 75% of all cash acquired by individuals. It is forecast that in 2011 there will be 3.1 billion ATM withdrawals, dispensing 187 billion in today’s money.'
Cardpoint is becoming more aggressive in branding its ATM's with a new bright orange logo, and Mills says those at Welcome Break in particular will be a real 'showpiece' for the company.
Shares are up 5.5p at 116.5p, which values the company at 38 million.
We tipped the shares a year ago at 44.5p, and in November this month highlighted Irish entrepreneur Dermot Desmond's secret 1.8% stake in the company. Desmond owns Celtic football club, has a 1.9 million-share stake in Manchester United and is estimated to have made some 56 million from trading shares in technology company Baltimore.
AAA-rated Giles Hargreave took advantage of the shares' 127.5p high on 12 January and sold a total of 200,000 shares from his Marborough Special Situations fund, leaving him with just 50,000 shares. He was part of a bout of profit taking that has knocked the share price back over the last week or so.
Citywire Verdict:
Analysts are looking for profits this year of 2.5 million and earnings per share of 7.37p, rising to 4 million and 10.7p next year.
The shares still trade on just 15.8 times this year's forecast and 10.88 times next year's.
Clearly, profit-taking is a personal decision, and if you bought in at 44.5p, or even when we last recommended buying in November at 85p, it may be worth booking some gains. However with the current rate of growth and the low multiple for next year, there could still be time to jump aboard.
cheers GF.
Tip Update: Cardpoint gets a very Welcome Break
Published: 12:44 Fri 16 Jan 2004
By Joanne Wallen, Associate Editor
Email to a friend
Citywire tip Cardpoint is really motoring and today renewed an exclusive deal to put its cash machines in Welcome Break motorway service station, worth a minimum of 8 million over five years.
Cardpoint provides cash machines, or ATMs to shopping centres, motorway service stations and small corner shops. The company has also diversified in the past year into providing electronic mobile phone top-up terminals.
Welcome Break was one of Cardpoint's first customers. Cardpoint chief executive Mark Mills told Citywire the company has worked closely with its customer to help improve trading at the motorway service stations by strategic placing of ATM's, testing new signage and optimising the amount of additional trade that Welcome Break gets through customers withdrawing cash in the right place at the right time.
The initial contract ran for three years, after which Welcome Break went out to tender, but now it has renewed Cardpoint's deal on an exclusive basis for a further five years. It has also added some 20-30 premium sites to the deal.
Cardpoint also has deals with other motorway services groups including Moto, the former Granada Services.
Last year it made its first move into convenience stores with its acquisition of Securicor Cash Machine, which added more than 1,200 ATMs, mostly in small corner shops.
Mills said this business was proving to be very attractive. Basically, Cardpoint has a pretty fixed cost base, so every additional transaction through the system should fall through to the bottom line.
So far the company has seen very strong growth, but Mills says this shows no signs of abating. According to LINK Interchange Network, the company that operates the LINK cash machine network, the past three to four months have seen a staggering 200 million transactions a month through LINK ATM's (Cardpoint is a member of LINK). The company originally predicted that transactions would grow from 80 million to 100 million a month this year.
'We are staggered by the growth,' says Mills, who puts it down to the fact that fewer people than ever are being paid in cash, cash-back at supermarkets has stagnated, and more people use an ATM as their primary source of obtaining cash. The government is also in the process of starting to pay state benefits directly into claimants' bank accounts, which will only add to the number of ATM users.
According to the Apacs publication 'In Brief - Payments Market Briefing 2002': 'ATMs will become the principal source from which individuals acquire cash - by 2011 ATMs will be the dominant provider of cash to the personal sector, being used by seven adults in 10 on a regular basis and paying out 75% of all cash acquired by individuals. It is forecast that in 2011 there will be 3.1 billion ATM withdrawals, dispensing 187 billion in today’s money.'
Cardpoint is becoming more aggressive in branding its ATM's with a new bright orange logo, and Mills says those at Welcome Break in particular will be a real 'showpiece' for the company.
Shares are up 5.5p at 116.5p, which values the company at 38 million.
We tipped the shares a year ago at 44.5p, and in November this month highlighted Irish entrepreneur Dermot Desmond's secret 1.8% stake in the company. Desmond owns Celtic football club, has a 1.9 million-share stake in Manchester United and is estimated to have made some 56 million from trading shares in technology company Baltimore.
AAA-rated Giles Hargreave took advantage of the shares' 127.5p high on 12 January and sold a total of 200,000 shares from his Marborough Special Situations fund, leaving him with just 50,000 shares. He was part of a bout of profit taking that has knocked the share price back over the last week or so.
Citywire Verdict:
Analysts are looking for profits this year of 2.5 million and earnings per share of 7.37p, rising to 4 million and 10.7p next year.
The shares still trade on just 15.8 times this year's forecast and 10.88 times next year's.
Clearly, profit-taking is a personal decision, and if you bought in at 44.5p, or even when we last recommended buying in November at 85p, it may be worth booking some gains. However with the current rate of growth and the low multiple for next year, there could still be time to jump aboard.
cheers GF.
goldfinger
- 20 Jan 2004 00:14
- 71 of 78
Up 10p monday and breaking up to new highs.
cheers GF.
cheers GF.
goldfinger
- 21 Jan 2004 00:22
- 72 of 78
Up another 4p today aswell.
cheers Gf.
cheers Gf.
goldfinger
- 22 Jan 2004 00:19
- 73 of 78
A bit of profit taking today but overall in the medium term sound, very sound if you count all the tipsters tipping it.
cheers GF
cheers GF
pbirtles
- 22 Jan 2004 11:38
- 74 of 78
Goldfinger
What sort of levels are you looking for... how much higher can it go in the short to mid term?
What sort of levels are you looking for... how much higher can it go in the short to mid term?
016622
- 22 Jan 2004 12:24
- 75 of 78
Interesting thoughts. It's always a problem (or the sixty thousand dollar question) on how to get out at the top.
Stop losses are great but it's galling to lose 20% at the best of times.
The same question has arisen with KEWILL (KWL). Great gains recently and look at the chart from 3 years back...30 heights.
Tadpole (TAD) 8p to 24p but where will it stop??? 2? or 15p.
Happy Hunting!
Stop losses are great but it's galling to lose 20% at the best of times.
The same question has arisen with KEWILL (KWL). Great gains recently and look at the chart from 3 years back...30 heights.
Tadpole (TAD) 8p to 24p but where will it stop??? 2? or 15p.
Happy Hunting!
goldfinger
- 22 Jan 2004 15:59
- 76 of 78
Think you have to look at this one from what kind of investment stratergy you employ. Being a med to long term player in general I am quite happy to just sit in and wait for more acquisitions that are likely to take place this year.
I beleive EVo BEE GREG are coming out with an update shortly. Please note I top sliced aswell a few days back only about 20% of the top, its on the goldfinger thread.
Im very positive on this one and I dont see any reason to sell the full holding, prudent to take profits now and again.
good luck, cheers Gf.
I beleive EVo BEE GREG are coming out with an update shortly. Please note I top sliced aswell a few days back only about 20% of the top, its on the goldfinger thread.
Im very positive on this one and I dont see any reason to sell the full holding, prudent to take profits now and again.
good luck, cheers Gf.
goldfinger
- 23 Jan 2004 01:43
- 77 of 78
Hope we have now seen the last of the profit taking and the share consolidates.
cheers GF.
cheers GF.
goldfinger
- 27 Jan 2004 01:44
- 78 of 78
Started to run again guys now another chance to get in.
cheers GF.
cheers GF.
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