I got into Cardpoint at 1.11, they are now mid 40's.
Is it time to take the profit or are they going higher in the next two months??

any views?

They are going too 2 by summer and then beyond.This has to be one of the best growth industries in the uk today.

If they fall below 1.40 that could be a warning sign, since it will be lower than the most recent trough. The fundamentals still look good to me (on about 25X earnings if memory serves me, which is not high for a growth stock). If you take profits you could consider splitting investment into scd, which is a similar stock, but not as well known and perhaps with greater 'catch-up' potential (see scd thread). Dyor.

regards

Glad I got out at @ 1.40 but at sub 1.30 I think they are starting to look cheap again. I have seen recent price targets of 1.90 and entry into the German market looks interesting. Famous last words but I think I'll wait a little longer before buying.

The MMs are at it. Good news about Germany. Buys to-day outstripping sells 3 to 1 and stock drops 1.5%. Why any ideas?

Share seems more more popular in the market than Scott Todd SCD. Sold originally at 1.48 having paid 0.95 but have rebought at 1.31.

I notice Moneybox launched today, with more of a silence than a fanfare. Maybe this market place is getting a little overcrowded.

What is happening here!!

Good results, good progress, good business, yet is still travelling south.

Who is dumping. No news,

I know there are a number of similar bs in the market, but results are results.

What am I missing?

Cardpoint PLC
17 May 2004


Press Release 17 May 2004





Cardpoint plc

('Cardpoint' or the 'Company')

Statement re Suspension


The Board of Cardpoint notes the press speculation about the possible
acquisition by the Company of a number of cash machines from HBOS plc ('the
Acquisition'). Cardpoint confirms that it has entered into an exclusive
agreement with HBOS plc in connection with the Acquisition and that negotiations
are at an advanced stage.

The Acquisition would, if completed, be classified as a reverse takeover under
the AIM Rules and therefore the Company has requested that trading in its
Ordinary Shares be suspended temporarily.


A further announcement will be made as soon as practicable.

++++

Any thoughts?

I assume this will be a good news suspension and, havinbg spoken to Henry Turcan of Evolution, I expect the shares will be suspended maybe for weeks - or until the deal is announced.

yet another bubble? one just does not create a business this fast. see which way the crowd is going ....and move in the opposite direction.
the greater the crowd the more confidently you can move in that opposite direction.

May 15, 2004

HBOS makes a withdrawal
By Nick Hasell



HBOS is to sell part of its automated teller machine (ATM) network in the latest move by high street banks to hand over their running to independent operators.
The Times has learnt that HBOS is in advanced talks to sell 800 of its 3,500 ATMs to Cardpoint, the fast-growing AIM-listed cash machine operator. The deal is expected to be announced before Cardpoint reports first-half results on May 27.



The deal, whose value is thought to be at least 30 million, will be accompanied by a share placing worth about 25 million through Evolution Beeson Gregory, Cardpoints stockbroker.

The ATMs being sold, representing just under a quarter of the HBOS estate, are in remote locations such as petrol stations and convenience stores. It is understood that the cost of transporting cash and maintaining such machines makes them less attractive to the bank than ATMs located at its own branches.

The transfer of ownership is not expected to lead to any change in terms for customers using the machines. Although many independent ATM operators levy a 1.50 charge on the withdrawal of cash from their network, Cardpoint is expected to generate revenue by charging fees to HBOS.

The deal will allow Cardpoint to close the gap on Moneybox, its AIM-listed rival, which is the largest quoted independent ATM operator in the UK and runs machines on behalf of Bradford & Bingley, Abbey and Norwich & Peterborough Building Society.

Cardpoint has made two acquisitions since floating two years ago, the latest being last years purchase of the ATM estate of Securicor. It has also recently expanded into Germany, whose growth potential is believed to be greater than that of the UK.

The UK is the third largest ATM market in Europe, behind Germany and Spain. Although independents operated 31 per cent of UK ATMs as at the end of last year, they were responsible for only 3 per cent of all transactions, leading analysts to suggest there is potential for massive growth.

The sector has expanded rapidly since the Governments review of payment systems four years ago through the Cruickshank report, which prompted Link to give independent operators direct access to its network.

anybody else holding this at the moment,going the right way today,a recent buyer myself,very happy.

Yes DD Bought in last year as long term,then with a TP of 1.80, dont know what the latest TP is, but I'm happy at the moment .

morning panic,a recent buyer in the mid 1.20,but it has dropped back a bit since,but now going the right way again.with there recent deal buying those cash machines,there is good profits on the horizon here.

up allmost 5% today and going well.

ticking along.

a real bump late on today down 8%ish , my be linked to the moneybox issue`s.

Im sure it is Dave. Moneybox down 31% and could fall further in the morning. Seemingly poor July and August figures. Wonder if Scott Tod and this one have been impacted, must say it was a bit of a shock.

cheers GF.

in the news today,it seems to have a a bit of interest again.

I hope so - I made a bit of a mess with this one - having taken profits a few months ago - came back in at 110p which I thought was a bargain - and still do given the product

oakapples,count yourself lucky 126p for me , but i still think there`s value in it hope i am right.

A pick up today,will be out soon.

Glad to be gone from cash.

No sentiment but good luck all.

dave looks like this is gonna dazzle again!

Anybody any ideas as to how to play this one? Results look good but seem to be caught in limbo as to whether to get back in.

Andy, I have a few of these.

Results were good but prices tend to drift down afterwards nowadays it seems.

IMO the HBOS acquisition has been a success and retention rate of approx 50% more than anticipated.

Future earnings look good and I reckon on an eps for next year of approx 13p and rising to 18p for 2006.

Share price may tread water for a bit but theres 50% to be had in the next 12 months imo.

capa

Cheers capa. Think i'll give it a punt.

Let the trend be your friend!!!!!!!

Director buy !!!

capa

I don`t know exactly what effect it will have on the share price but I hear on the radio that people are not liking the fact they are being charged to access their own cash.

I think the negative publicity is why this stock is so cheap, business is never going to be popular and will periodically be criticised, not least by Building Societies who by closing branches along with Post Offices have created the situation.

If fee paying machines were withdrawn there wouldn't be any at all where they are needed most.


capa

Sadly i agree with you. It is not a place where the goverment can interfere easily without Datacash, Cardpoint and similar companies withdrawing cash machines from areas where there are no banks ot other form of cash machines. It would be economic madness to do so. I hold share in Datacard, Cashpoint and Scot Tod. They are here to stay.

One of I.C's tips for 2005, which would explain todays rise

capa

THANKS CAPA FOR THS UPDATE, GOOD TO SEE POSITIVE NEWS ABOUT CARDPOINT AMONGST ALL THE ILL VIBES ABOUT ATM`S CHARGING ETC....

Through te 120 resistance line. 135p Here we come.. Interesting to see the effects of XMAS on takings.

Good rise again today, 1.40 must be on the cards soon imo

capa

Could be. May Stumble at 135p

Gleaned from Techinvest to-day,

Beeson Gregory's estimate EPS 12.2p for this year and 17.2p for following year.

this would suggest on a PE of 12 (not unreasonable for a rapid growth company) of 206p + on PE 15 258p.
It is also one of Techinvest Tips for 2005

Fred, Numis eps for 2005 is 13.1p and I have always reckoned on eps for 2006 of 17p, so wouldn't argue with Beeson Gregorys estimates.

The difficulty is what rating should Cardpoint attract ? A multiple of 12 as you say is undemanding and reasonable, more than banks and less than other high growth companies.

Quite a way for this share to go yet imo

capa

Excellent trading statement out today

capa

Going well this cash,obviously a moneytree,goodluck to all holders.

Had a big dabble in these this morning looking very good after that trading update, numis have a short term target of 175p, well worth buying in my opinion.

cheers GF.

I have.

175p sounds nice.

BUY BUY BUY.

cheers GF.

It looks good. If it breaks 140p chocks away. Good results.

Must admit it is a blue day all around, except EPO.

Numis morning notes with the cash target................


NUMIS MORNING MEETING NOTE 19TH JANUARY 2005



BARRATT DEVELOPMENTS (587p) - Sell - Target Price 450p - Trading Statement



BESPAK (545p) - Add - Target price 590p - Interims



BOOTS (649.5p, MCap 4,940m) - Hold - Target Price 660p - Comforting trading update



BROWN & JACKSON* (51p) - Buy - Target Price 70p (from 80p) - Disappointing Xmas Trade



CARDPOINT (136.5p) - Buy - Target Price 175p - Trading Statement



JD WETHERSPOON (252p) - Hold - Target price 265p Q2 trading update in line with expectations



KILN * (81.5p) - Add - Target price 90p (unch.) - Pre-close Trading Statement



LONDON SCOTTISH BANK* (129.5p) - Strong Final Results - Buy - Target Price 160p



MERCHANT RETAIL (151p) - Buy - Target Price 175p - Trading Statement impressive



PEARSON (638p) - Hold - Target price 653p



RIO TINTO (1574p) - Buy - Target Price 1829p - Strong Q4 production across all main product groups



SOMERFIELD (154p, MCap 833m) - Reduce - Target Price 140p - Solid interims but weakness in H2 trading



TED BAKER (500p) - Add- Target Price 525p (from 500p) - Trading Statement: yet again, very strong



WH SMITH (340p, MCap 614m) - Sell - Target Price 270p - Better news on margins but high street still losing share



WYNDEHAM PRESS* (147p) - Hold - Target Price 165p (from 150p) - Contract Win

Click here to listen to the Morning Meeting Live between 07:20 and 07:40

Target price is lower than mine.

Up 8p now. Lower than mine aswell Dil.

cheers GF.

Cardpoint says Q1 trading 'extremely encouraing'
AFX


LONDON (AFX) - Cardpoint PLC, the electronic payment and ATM company, said trading conditions in the first quarter have continued to be 'extremely encouraging' as the company continues to meet its conversion targets for its key acquisition - the HBOS machines.

In a trading update, the company re-affirmed that the purchase price for the HBOS acquisition is expected to be lower than forecast at 50.6 mln stg or below, compared to the initial potential consideration of 76.6 mln stg.

'I am very encouraged by our strong trading performance over the first three months.

'To date all our targets both for integration of the HBOS acquisition and growth in the UK and Germany continue to be met,' said chief executive Mark Mills.

Mills added that Cardpoint now operates 51 machines in Germany and that its expansion in this market is 'particularly exciting'.

newsdesk@afxnews.com

ma

Inverted h & s GF .

Yup Dil and up 9p now.

cheers GF.

GF
How did you get hold of the notes from Numis?

One of my brokers sandrew64.

cheers GF.

Thanks....looks very useful.

That NUMIS target is rife for an upgrade imo. That 17p eps target for next year is looking low and should be beaten by 20%, with a multiple of only 10 we are looking at 2 plus.

capa

Should be a new note out from Evolution either this afternoon or in the morning. Heres the last one from about a month ago..............

14 December 2004
Cardpoint (CASH) Buy (unchanged)
Mkt cap: 70m Net cash: -10m Pick of the bunch Price/Target: 115p/210p
Return on cash flow
Cardpoint now has good visibility over the base case contribution of the offbranch
ATM estate acquired from HBOS in May. The value creation is not
discounted by the share price - BUY
Cardpoints final results delivered late last month showed a business exceeding
expectations: pre-tax profit of 1.9m (pre goodwill and 0.1m of charge for the
share scheme) comfortably beat our 0.6m estimate and compared to less than
0.1m for the year earlier. The acquired HBOS estate, still to be converted to a
charging model, made little bottom line impact; that has now changed and it will
be the largest driver of profit growth ahead.
The deal itself was ground breaking and a bold move and is now being justified
by the outcomes being achieved. Unquestionably, the process has been
challenging but clarity of return is now improved which allowed us to adjust our
assumptions and, hence, estimates.
The key variables governing the outcome are the proportion of the 816 ATMs
acquired converted to charging, the average proportion of transactions retained
by these machines after the introduction of charging, the withdrawal fee and the
level of deferred consideration payable.
At this juncture, at least 250 (just more than 30%) of the 816 purchased ATMs
will be converted to charging by end February 2005. Although this number is
behind our first guess, there remains scope for the total to rise materially. But
the proportion of transactions retained is materially better than our preliminary
estimate shaping to better than 45% compared to our more cautious 40%. The
fee rate is being set above the 150p we initially assumed, averaging nearer to the
167p achieved by the existing estate. And, with the lower number of ATMs
converted to charging by the calendar year end cut-off, we reduced materially
to 9m from 35m our estimate for the deferred consideration payable; which
reduced our interest cost estimate and will leave a stronger balance sheet.
Overall, there was no adjustment to our pre-tax profit or EPS estimates.
Running these more certain estimates through our DCF model gives a per share
value of 210p, while simple comparable analysis shows that the valuation is at a
large and unwarranted discount to Moneybox, its troubled competitor.

cheers GF.

should continue to break up now for a while - resistance around 140p mark looks set to be blown away on the back of the trading statement and likely upgrades to come - AGM early March I believe and results in May are not far away and likely to result in more good news. 200p is very possible come the year end - or before if were lucky.

cheers goldfinger, can only but agree Oxman

capa

Ticked up again, nice.

cheers GF.

Now up 10p on the day, nice.

cheers GF.

11p goldfinger, keep up :-)

capa

Now up 11.5p and looking strong. That header may put some buyers off. Wonder if its time for a new updated thread????????????????, go on Capa your the man do the business.

cheers GF.

Buys still coming in, what a fantastic day all round.

cheers GF.

Up 12p now capa.

cheers GF.

keep up GF :-)

Blimey your right Dil I thought you were taking the mick, now 12.5p rise for the day. NICE.

cheers GF.

As if :-)

Now up 13p or 10% on the day , plenty more to come methinks.

Good luck all.

Is it possible to add the day chart and 1 year chart to the header?

I may be nice to see,.

GF-How do you rate these against Scott Tod SCD? similar company but doesn't seem to get the same attention. maybe I should change horses!

Get a chariot and ride both.

Harm can come to a lad like that!!

After todays announcement Im backing these MP. A 200p plus price target by Brokers will do me.

cheers GF.

A spot of profit taking going on now but the trensd is up indeed very much up and once this is out of the way we should be in for a good ride north.

cheers GF.

forward per still under 10 looks good value
up to 3

HUSTLER

Buyers coming back in now pushing the price back up.

cheers GF.

Added on the pull back, with broker targets of 2 quid these are a steal at the moment.

cheers GF.

added at 141p and 142p.

cheers GF.

Hoping this one will crank up tomorrow.

cheers GF.

No rush , next few months should see the penny drop and the market give them a higher valuation.

Bit more coverage wouldn't go amiss .... give SCSW a ring GF.

Agreed Dil no rush, I.C having tipped them as one of their shares for 2005 will de doing us all a disservice if they do not mention that trading update in next weeks issue.

Hard to see a better value share than this.

capa

Fred-I couldn't stay out!! I'm riding that chariot!

Stay in there lads , far more to come.

cheers GF.

Have had these for almost a year now and have been tempted several times to get rid of them for a small loss. I'm now tempted to get rid of them after this sudden surge as I now have a small profit. After reading many of the comments here I don't know what I'm going to do ....... probably go and have a lie down. Who said playing the stockmarket was easy?

Keep hold of them , brokers have targets over 2 quid.

cheers GF.

Who do I see about buying shares in paracetemol or asprin????

Feel this ones a lot better positioned now than Money Box or Scott Todd and also going forward I make it cheaper with greater visibility of earnings.

Transfering my dosh in Scott Todd to these.

cheers GF.

In the blue already.

chers GF.

>> GF

It was not long ago you were saying get out of CASH -get into Scott Tod. Have you reversed? Are you still holding Data?

rgrds
gk

gallick
i hope it's about to fly only got
on board last thursday

hustler

down 4.5p today so far...abit of tree shaking i feel...

May have also fallen in sympathy with Scott Tods profit warning. Good job I moved over.

cheers GF.

Yes, mms probably trying to get a few off the nervy and using the Scott Todd warning as a decent excuse.

capa

Up trend is still intact.

cheers GF.

Moving back up again now.

cheers GF.

I got in at 86p and out at 140p. But I was too slow going back in. I think I saw a brokers note saying their was a potential 50% upside. Was it Numis?? I don't remember.

rgrds
gk

Well that dip of yesterday didn't last long, mm's had to try something to get shares but using the Scot Todd warning was never really going to work as long as you know what you are holding, especially after the recent trading statement.

Gallick, Numis had a buy recommendation and 1.75 target price but that was before the recent statement. I reckon an eps of 20p for next year is on the cards putting this on a future single figure p/e, which is a nonesense when you look at the growth. Seriously undervalued and a re-rating an inevitability imo.

capa

this may be one of the reasons for a pause for thought earlier. Somebody remind me when the price gets to 225p

I wish I could earn at the rate these directors think they are entitled to.


*******************************


Cardpoint PLC
26 January 2005


Cardpoint plc (the 'Company')

Grant of Options to Directors


Cardpoint plc granted the following options to subscribe for ordinary shares of
5p each in the Company ('Options') for nil consideration to certain directors of
the Company on 21 January 2005:

Director No. of Options Exercise Price Exercise Period

Mark Mills 175,000* 5p 21/01/08 - 21/01/15
Chris Hanson 150,000* 5p 21/01/08 - 21/01/15
Robin Gregson 125,000* 5p 21/01/08 - 21/01/15
Robin Gregson 250,000 5p 21/01/08 - 21/01/15

In addition to the above Options, Mark Mills and Chris Hanson already hold
options over 1,983,333# and 300,000 ordinary shares respectively.

* These Options have been granted subject to the satisfaction of performance
criteria as specified by the remuneration committee.

# This figure includes a right to subscribe for
*************** 1,000,000 ****************** ordinary shares at the
price of 5 pence per share ('Ordinary Shares') in the circumstances where the
Ordinary Shares are trading at a price in excess of 2.50 per share for a
specific period.

*********************************************

now tree shaking is over hopefully a quick push above 150p is due short term - just need a few positive days in the market but its coming - then on and up from there.

The buys will start to come in, its just a matter of patience.

cheers GF.

Added on the spike down. Those selling look rattled by Scott Tods profit warning earlier in the week , but this one as its sites in total y different locations.

We already have had a trading update which was very positive. Sellers must be mad.

cheers GF.

If you read the TA from Scott Tod's recently, the "oh and by the way" at the bottom of the report refers to delays in implementation and deal-signing - both classic causes of SP fall-out.

So, was the stuff about N/wide and government not liking charging for ATM's a little bit of a headline red-herring, I wonder, to distract us from weak management.

I don't like to pay 1.5-5% to take my own cash out - but the banks and Link would certainly charge you as much one way or another to cover the overhead costs of having wider ATM (or branch - remember them) coverage.

CASH is evidently a better run company with better sites and better achievemment by management all round - so let's buy on knee-jerk dips, say I.

I think the degree of price drop in SCD was over reaction. If I had caught announcement I would have sold, hoping to buy again. The price of SCD is starting to recover. I wonder if some clever money switched from Cash to SCD. If so wait for switch back.

I hold both SCD and Cash.

As far as charges on transactions are concerned, would the banks or government be able to do it more conveniently and/or cheaper. I think the charges are here to stay.

I object to 20% spreads etc. I occasionally have to put up with them in hope of making a buck.

Patience please , trade it and you'll get stuffed ... buy and hold imo.

Beginning to think a tip sheet analyst as blindly put out bad news on this on the back of Scott Tod statement. Still it provides me with the chance to top up yet again.

cheers GF.

IC has mentioned CASH today following trading statement.

Still a buy. Thought it might be !!

capa

Good day today, should see a steady climb hopefully from now on.

capa

I'm still with you capa , often takes a while for good news to be reflected in the price.

I'm in no rush.

Agreed Dil, well done on your bet on Wales by the way.

The weekend rugby was disappointing though don't you think, the French and Irish especially so, wide open this year based upon those three games.

capa

Techinvest has Cardpoint as a hold after tipping it at the New Year. They generally get it right.

Cheers Fred.

Just read the ADVFN thread capa , a few names I recognize with good track records have joined the party over the last few weeks , gives me added confidence.

Onwards and upwards.

Was tempred to get out quickly about 2 weeks back when all that negative tripe over ATMs were doing the rounds. Glad I stayed in now.

cheers GF.

Dil.

Just read the thread, I see what you mean, nice to be in before them for a change :-)

capa

Patience GF , no hurry.

Yeah feels good capa.

Pretty mealy-mouthed response to what I took to be good AGM statement - but hardly a flicker of interest in the SP which fell 2.5p. Anticipation all in the price, falling on actual results again.

Interesting to note that Comdirect marked the offer price up by 2 or 3P at closing, presumably to protedct against cheap buyers tomoroow morning - so maybe MMs expect some buying interest tomorrow, but would rather have sellers to collect a bit more stock.

Anyway, they seem to know what they are doing and governmental issues do not seem to be affecting results, but I suspect they do weigh a little heavy on the SP. Here's to further progress up to the full year in September.

SD

Information about CASH.

Think the results were good but hammered due to adverse publicity about ATMS in press and TV about charges. I can't see the charges going down as they are providing a "necessary service". The Institution seem of similar opinion and mopping them up. On a 2005 forescast EPS of 12.8p PEG .27 Turnover up 200% profit 8 million against -3.06 million (last year) Put a reasonable PE of 20 for this growth company SP I think be well over 150p probably 200p.

Could be wrong,DYOH.

+++++++++++++++++++++++++++++++++++++++++++



Cardpoint confident in prospects as HBOS machines profits exceed expectations
AFX






LONDON (AFX) - Cardpoint PLC said it is confident in its prospects as the migration and integration of the 816 Cash Machines acquired from HBOS in June 2004 generate higher levels of gross profit than originally forecast.

The directors said they remain confident that the year end forecast of 250 migrated charging machines will be met. This will provide a strong platform for 2006 which the directors expect to show the full benefit of the acquisition.

At today's AGM, the company said it will tell shareholders of higher than anticipated retention rates on the migrated Cash Machines and a higher average withdrawal charge. It said it will pay no more than 50 mln stg for the HBOS, considerably less than the original estimate of 76.6 mln stg.

Cardpoint also noted signs of early growth in the German business in line with expectations.

Cardpoint said there have been some delays in the migration process due to contractual and operational issues which have been outside of the company's control.

Whilst the temporary delay in the migration process is disappointing, it does not affect the potential number of machines to be migrated, the group stressed.

In summary, due to the combination of the stronger than anticipated operating performance of those machines already migrated and the schedule for migration to charging of ATMs for the remainder of 2005, the directors said they remain cautiously optimistic for the current year and confident that the full benefits of the acquisition will be demonstrated in 2006.





Cardpoint plc ('the Company')

Substantial shareholder


The Company was informed on 7 March 2005 that, Artemis Investment Management Limited and certain of its subsidiary companies have a notifiable interest in 4,442,848 ordinary shares of 5p each ('Ordinary Shares') in the Company. These Ordinary Shares represent approximately 7.31 per cent. of the issued ordinary share capital. The beneficial owner of the above interest is Artemis Special
Situations Fund.

10 March 2005



This information is provided by RNS
The company news service from the London Stock Exchange

Cardpoint plc ('the Company')

Substantial shareholder



The Company was informed on 1 March 2005 by Morgan Stanley Securities Limited('MSSL'), that pursuant to a purchase of ordinary shares of 5p each in the Company ('Ordinary Shares') on 25 February 2005, MSSL now has a notifiable interest in 3,390,000 Ordinary Shares, representing approximately 5.58 per cent. of the issued ordinary share capital of the Company.


1 March 2005

Strong recovery over the last couple of days, can it breakout ?

capa

Well somebody believes in it:-

RNS Number:8734J
Cardpoint PLC
17 March 2005


Cardpoint plc ("the Company")

Substantial shareholder



The Company was informed on 16 March 2005 by Morgan Stanley Securities Limited
("MSSL"), that pursuant to a purchase of ordinary shares of 5p each in the
Company ("Ordinary Shares") on 14 March 2005, MSSL now has a notifiable interest
in 3,915,000 Ordinary Shares, representing approximately 6.44 per cent. of the
issued ordinary share capital of the Company.

And the fundamentals remain the same. So I guess it's time it came up to its full value. Given the consensus forecast, the share could be nearly double its value and still fairly priced for the growth projected.

I think we've left behind the irrational government comittee enquiry. What would you have to pay to have a bank open its doors at each petrol station and then give you a "free" cashing facility. The charge in most places is less than the bus fare to get to a free machine - work it out. It's not a rip off - just technology giving us the options. Nobody said greater choice was for free.

Good day for the SP up 8% on the day so far.

SD

Whats gone wrong here,,what a drop off ,,time for another look if it goes sub 90p.

Surprised there is not more traffic on this thread. Intriguing company - simple business, easily understood, massive purchase (reverse takeover), CEO and COO sell large chunk of shares - and no comment on MoneyAM. Why not?

Has the market over-reacted with the SP falling to 130p, providing a good buying opportunity? People who know me will recognise my penchant for a company you can calculate the profit for on fundamentals (even if I do get it wildly wrong - lol!).

Evolution's mid July note kept it as a BUY with a target of 200p - suggesting a fully taxed 2007 PE of just over 10 at today's price.

Who's in this one, who's tracking it? What do you think?

sd

My main concern is that the recent acquisition is a reversal of strategy
Formerly Cardpoint concentrated on making existing outlets profitable
This was a prudent strategy and was heading for solid P&L growth over the next 18M
Cardpoint went for organic growth while their larger competitor Moneybox was frantically growing the volume of outlets and overrreaching themselves financially
The acquisition of Moneybox by Cardpoint has probably been done simply because it was available and not because the timing fitted with Cardpoint`s financial and longterm strategy
Cardpoint will now have to spend a lot of time and effort weeding out unprofitable ex Moneybox outlets which could take 18M /24M
Meanwhile it is unlikely that their will be good news on the P&L and hence the share price could hover around 110p to 125p for the foreseeable future
When Directors sell shares just after a takeover it can only be because they see little prospect of significant further sp growth and possibly an sp dip as perceived transitional problems translate to the P&L
These sales may even reflect a boardroom split on the wisdom of the takeover

evil knievel marks these as a sell (short) on tips1.com on the grounds that his reading of joe public is that they will not tolerate being chargeed to withdraw their own money when you can get cash back from any supermarket for nothing.

I was in and out at the start of the year for a 24 profit (better than a loss!) but have kept an eye on it. Your analysis suggests the management may have lost their way a bit and we should steer clear for now at least.

thanks

sd

what the latest thought on CASH, every rise seems to be followed by an equally impressive fall....any explanation for the current one. Cheers

The Cardpoint sp goes up and down within a 10% range without any apparent rationale

Conclusion
In the absence of hard news............
The charts ought to be a good guide as to short term price movement

anyone any views after todays fall...i bought at 77p today on a gut feeling hoping for a bounce, (the way i'm going i'll be handing my investment decisions to mystic meg soon.)

I've been in for about a year now and it's looking all to similar to the Moneybox story. Nice share price at the start; begins to wander; profit warning + big loss only for it to then bounce back (a bit) and get bought out. Deja Vu anyone?

I wonder if the next thing will be a bid from a rival company, perhaps one of the big US operators might make an offer?

Cardpoint has been linked before with takeover speculation.The price it is now makes it a very attractive target.

easyoasy got it right on the 31 aug post........Cardpoint are in danger of losing their way by changing strategy and acquiring Moneybox............this has gone wrong big time.........they thought they had bought a piggybank but it turned out to be a pig in a poke...........