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?

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.