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?

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...........