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?

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...........