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.

Just been trying to extrapolate these results (back of a fag packet job)forward to this time next year based on the following assumptions (best conservative guess)

fuel business grows by 10%
cnp turnover increases 10% assume 50% goes straight to bottom line
cp turnover decreases 20%
consultancy business breaks even

This arrives at the following:

Turnover 33.6m
Op Profit 8.5m
ammortisation 1.4m
exceptionals nil
interest 0.2m
PBT 6.9m
tax 2.3m
profit 4.6m

basic eps 1.58p forward pe 20ish
adj eps 2.06p forward pe 15ish

Daniel Stewart

MORNING BRIEF RETAIL DECISIONS

Retail Decisions (ReD), the leading supplier of payment solutions and card fraud prevention systems to the payments industry worldwide, has announced strong results for the year to December 31st, 2004, in line with forecasts and bearing out Octobers positive trading statement (see Morning Flash 28th October, 2004). The business continues to be profitable, cash generative and highly scaleable across all divisions.
Trading has been good across the two divisions (fuel cards and card fraud prevention). The Australian fuel cards division delivered higher than expected growth, with the card user base growing by 6%, and also benefited from the higher fuel price resulting in increased operating profits of 30% to 6.8m.
In card fraud prevention there was a 48% increase in CNP transactions and a number of significant new contract wins, including Travelocity, Macys and Bloomingdales, a mixture of both newly originated customers, and customers acquired from competitors, demonstrating the strength of the ReD offering. CNP represents the main area of future earnings growth for ReD as the volume of Internet transactions increase. The introduction of Chip and PIN is also making Card Present (CP) transactions more secure and is likely to push fraud towards other payment mechanisms.
Research commissioned by Retail Decisions found that CNP fraud has increased by 22% since the introduction of chip and PIN in January as fraudsters turn their attention to the Internet, mail order, telephone order and interactive TV.
In light of the positive outlook, we are increasing our price target for ReD to 36p (from 31p), a 6% upside to the current share price. This target equates to a FY05 PER of 21.8 times. This is at the upper end of the UK Software and IT Services range but the growth prospects in the CNP business coupled with the revenue visibility in the fuel cards business warrants such a premium. We maintain our BUY recommendation.


http://www.saturn.uk.com/dsc_admin/RTD_morning_flash_010305.pdf

This appears to be dilution of 2%

Retail Decisions PLC
01 March 2005


Retail Decisions plc (the 'Company')
Application for Admission


Application has been made to the UK Listing Authority and the London Stock
Exchange for the blocklisting of 5,800,000 new ordinary shares of 1p each
('Shares') in the Company. The blocklisting relates to shares which will be
allotted and issued pursuant to the exercise of options under the TBR Share
Option Scheme (1,317,545 Shares) and the Retail Decisions Unapproved Share
Option Scheme (4,482,455 Shares). Approval of the application is expected on 2
March 2005. These Shares will rank pari passu in all respects with the existing
shares in issue.

Using the figures for the 2nd half of last year, it looks like eps of 1.9/2ish as suggested by Fund. Assuming 10% growth over the next year we could be trading on a prospective PE of 14/15? Any views as this seems rather low for a "growth" stock.

A trade for 1 million shares after hours showing as a sell, though could easily be a delayed buy from about 9-9.30am judging by the price. Although with such huge volumes going through today I don't think it will make much difference on the opening either way!

Good to see plenty of buying support still to keep the shorters at bay.

YOU have been very busy Fundy thanks for sharing it with us. :o)

Going north again this morning.

:o)

Douggie just been looking at the 3 year chart on rtd,its like a fairground ride,fantastic if you time your entry right,one i will be watching for sure,,here`s hoping!

Interesting T trade and related B trade for 1.5m - looks like we have more institutional interest

end of day = ;o(

Still a waiting,,in hope.

DD

what entry price you looking for?

Dont laugh 26.

how can you say dont laugh and then quote 26p!!!!

Id be surprised if you see sub 29p

Dave I think that is what dreams are made of. I doubt that it will see below 30p unless there is a real Cockup.

Recommended as a BUY at 31p in shares magazine again

well Fred it's on it's way in spite of buy in shares ;o/

hope you havn't a chance Dave.........sorry.........no I am NOT ;-\

Morning all

Link below is the analyst presentation slides from the RED website - well worth reading

http://www.redplc.com/documents/010305_Prelim_Results_FINAL_FINAL.pdf


1 point of concern it highlighted to me was that the CNP rise is almost being cancelled out by the CP decline - does anyway have a handle on whether the CP business will stabilise (ie will they be getting enough prism licenses to cancel out the decline in the APACs business)

Also, trying to work out the impact of the converting from UK GAAP to IFRS accounting standards - i know this is only paper effect not cash but may well have an impact on perceived value.

Anyone else tried to make a projection for next year?

RTD cut out of 200ml saved for customers on over 1bln transactions don't look a lot to me ? ;o\