Why are we again at 10.5p bid?

It doesn't add up...

Good Results + Strong buying pre results + Christmas online buying soon = Price drop

Then again some companies that have debt for equity hanging in the balance, poor results and bankruptcy around the corner and they go up!

Why sell now at a loss?

Wont that be a kick in the teeth when we see 13.5p 14p again!

Best of luck all.

Fund :o)

amberjane I'm still in because I foolishly didn't sell at 20p+ and have never dared trade since! ;-\

so everything crossed for a + 20p this time XXXXXXXXXXXXXXXXXXXX d

Citywire like RTD too! (thanks to Custardpie on advfn):

"Card fraud prevention and payment processing group Retail Decisions (ReD) issues a bullish trading statement that should give its shares a useful boost.

The 15.5p share price is at the lower end of ReD's (RTD) 2004 trading range of 13p to 27p, and given the company's keen fan club among private investors it is a fair bet to anticipate some momentum of buying interest as well as an initial mark-up. The stock should have a good day. Obviously this kind of perspective is suited to traders than long-term investors although 2005 looks to be shaping up well so there is medium-term appeal too.


Since interims on 10 September, trading has been better than expected and the board expects normalised full-year profit to be 'materially in excess of current market expectations'. Whereas a disciplined investor should fret as to what this really amounts to, also whether it changes long term prospects, traders can at least seize the perception change.


Trading in ReD's fraud prevention and payment processing business has been very strong with increased profitability in the third quarter - helped by US telephony clients. The group derives about a third of turnover from the US.


Furthermore, various new contracts have been signed including an important new contract for The Finish Line Inc for fraud prevention.


Sales of fuel cards have exceeded expectations with August a record month. Commissions have also benefited from high fuel prices and the strong performance is expected to continue until at least the year-end.


The 2004 consensus forecast among brokers has recently been for 6.1 million normalised pre-tax profit, which was not a major advance on 5.5 million last year. However, at 15.5p a prospective price to earnings ratio of about 10 times is not demanding. Profit of about 7 million is pencilled in for 2005, which could also be upgraded in light of today's news.


The shares should also benefit from assurance on the litigation front, which has been a dampener. After an investigation with its lawyers, ReD has filed a re-examination request to the US Patent and Trademark Office, questioning the validity of a claim by Cybersource Corporation, a competitor. This related to a niche area involving the use of credit cards over the internet and was in any case a small aspect of ReD's business. It is hard to comment on this but it is interesting that ReD says it is not making any provision for damages, which says quite a lot about management's confidence in rebutting Cybersource.


Carl Clump, ReD's chief executive, concludes with an emphasis about a solid base for trading in 2005, so there is some appeal for medium-term investors too."

Isn't it quite around here ;-\

Nothing much to say Douggie, because with all the good news RTD have just said it all !

Daniel Stewart are reiterating their target of 31p.

RTD is favoured in the press so expect some write ups which should keep the interest going next week.

As for the price - possibly back up to 23p ish quite quickly, then a small drop for profit taking back down to around 20p, and then a steady climb upwards way past 31p.

The institutions will love this statement particularly as they keep a close eye on tech. stocks with solid fundamentals and good growth potential.

Don't sell too soon, I have a feeling that RTD are going to be taken much more seriously in future.

all sounds good and true so holding tight. another miss and amberjane will be right, I will :o[[[[ with the stress

for today :o)))))

and good fortune to all at and with RTD...........

Morning all ;o)

morning douggie - keep smiling

RTD all over the press today folks :-)

The FT have sussed the true potential:

"Retail Decisions's shares were on a rollercoaster in the dotcom years, crashing from a height of more than 360p to a low of 1p.

However, as the company shows consistent profit growth, the shares may be finding a new, sustainable level. The shares trade at about 9.4 times earnings estimates for next year, lower than the sector average of about 16.

Considering the company actually makes a profit - unlike some of its rivals - and the growing prospects of the e-commerce market, the shares may have a lot further to go."

Post from Biomax on advfn:

"expectation was above 6 mln, so if they report 9 mln, the stock becomes at P=5.5 and should double, imo

so at PE 20 for growth stock should be valued at 70 p"

What do your calculations come out like Fundy ?

OG et al

In response to Biomax he is talking in terms of PBT (EPS is calculated after tax) i assume and doesnt take into account that rtd will continue to pay a high tax rate as they cannot offset previous losses against fuel card profits in australia as the losses occurred in different countries.

As for my calculations I have 2 approaches which actually give pretty much the same answer:

Back of a fag packet
Expected PBT was 6.2m - materially in excess of this imo would be 20% which would give a PBT of 7.4m. I think the tax rate will be approx 45% which gives a PAT of 4.1m, an EPS of 1.4p and a Pe of 14.


My own calculations based on business performance/aussie petrol prices/exchange rates ussing several assumptions gives me the following:

Revenue 34.9m
Op Profit 9.7m
Ammortisation (1.5m)
Exceptionals (0.7m) including the 0.5m legal fees
Interest (0.3m)
PBT 7.2m
Tax (3.2m)
PAT 4.0m
EPS 1.38p
PER 14
PEG 0.1

This is purely imho and dyor etc etc

Fundy - Many thanks for posting your thoughts.

Nice to see 20p being paid for these again - brings back good memories!!!

come on Douggie admit it, you went on a secret holiday again didn't you? and the price went up!!!!!

Well a good day to end a great week!!! Anyone know if fred1new is still in?

Anyone else have a view of the likely results or a different forecast?

Just trying to work out the likelihood of entry into the techmark 100.

Mkt cap of RTD is now 57.4m and if my calculations are right this would make RTD 88th in the list. For entry to be guaranteed they need to be ranked in the top 90. Alternatively, if anyone currently in the TM100 fall to a ranking of worse than 110 then they are automatically removed and replaced starting at place 91.

Based on yesterdays valuations the lowest 5 currently in the TM100 are NXT
(mkt cap 46.9m), CML microsystems (40.7m), ITouch (35.9m), biotrace (33.8m), antisoma (28.9m).



On this basis RTD are right on the cusp of entry to the TM100 and any increase in shareprice prior to the next rearrangement (end of Nov i think) then entry should be guaranteed and we should start to see some interest from the tracker funds.

;o\ I can't claim any merit in this share going back UP (THANK GOODNESS & whoeverelse it has ) except that I have stuck with it through the last few miserable months convincad that RTD would be back here with I tust much more to come
best wishes all holders good weekend

:o))))))))))

Yep. Still in and holding. Still think this has a long way to go. 22p next stop.
What do I do then I don't know. Perhaps I will go back to Brittany for some more muscles. Perhaps this time I will by better wine.

I like BPRG and RTD they seemed to do my SIPPS and holdings a power of good!

mourning all....no coment all w/e had to go to page 2 to find ???????????

where we canexpect togofrom here in doubt since no postings, or just confident of more progres???????????

Douggie. Which part of your body are you crossing at the moment. Which ever it is, continue to do so. Watching the movement is better than you going on holiday!! {:-)

Fred........everything..getting panicy....is it time to sell??????????????