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?

Cardpoint says Q1 trading 'extremely encouraing'
AFX


LONDON (AFX) - Cardpoint PLC, the electronic payment and ATM company, said trading conditions in the first quarter have continued to be 'extremely encouraging' as the company continues to meet its conversion targets for its key acquisition - the HBOS machines.

In a trading update, the company re-affirmed that the purchase price for the HBOS acquisition is expected to be lower than forecast at 50.6 mln stg or below, compared to the initial potential consideration of 76.6 mln stg.

'I am very encouraged by our strong trading performance over the first three months.

'To date all our targets both for integration of the HBOS acquisition and growth in the UK and Germany continue to be met,' said chief executive Mark Mills.

Mills added that Cardpoint now operates 51 machines in Germany and that its expansion in this market is 'particularly exciting'.

newsdesk@afxnews.com

ma

Inverted h & s GF .

Yup Dil and up 9p now.

cheers GF.

GF
How did you get hold of the notes from Numis?

One of my brokers sandrew64.

cheers GF.

Thanks....looks very useful.

That NUMIS target is rife for an upgrade imo. That 17p eps target for next year is looking low and should be beaten by 20%, with a multiple of only 10 we are looking at 2 plus.

capa

Should be a new note out from Evolution either this afternoon or in the morning. Heres the last one from about a month ago..............

14 December 2004
Cardpoint (CASH) Buy (unchanged)
Mkt cap: 70m Net cash: -10m Pick of the bunch Price/Target: 115p/210p
Return on cash flow
Cardpoint now has good visibility over the base case contribution of the offbranch
ATM estate acquired from HBOS in May. The value creation is not
discounted by the share price - BUY
Cardpoints final results delivered late last month showed a business exceeding
expectations: pre-tax profit of 1.9m (pre goodwill and 0.1m of charge for the
share scheme) comfortably beat our 0.6m estimate and compared to less than
0.1m for the year earlier. The acquired HBOS estate, still to be converted to a
charging model, made little bottom line impact; that has now changed and it will
be the largest driver of profit growth ahead.
The deal itself was ground breaking and a bold move and is now being justified
by the outcomes being achieved. Unquestionably, the process has been
challenging but clarity of return is now improved which allowed us to adjust our
assumptions and, hence, estimates.
The key variables governing the outcome are the proportion of the 816 ATMs
acquired converted to charging, the average proportion of transactions retained
by these machines after the introduction of charging, the withdrawal fee and the
level of deferred consideration payable.
At this juncture, at least 250 (just more than 30%) of the 816 purchased ATMs
will be converted to charging by end February 2005. Although this number is
behind our first guess, there remains scope for the total to rise materially. But
the proportion of transactions retained is materially better than our preliminary
estimate shaping to better than 45% compared to our more cautious 40%. The
fee rate is being set above the 150p we initially assumed, averaging nearer to the
167p achieved by the existing estate. And, with the lower number of ATMs
converted to charging by the calendar year end cut-off, we reduced materially
to 9m from 35m our estimate for the deferred consideration payable; which
reduced our interest cost estimate and will leave a stronger balance sheet.
Overall, there was no adjustment to our pre-tax profit or EPS estimates.
Running these more certain estimates through our DCF model gives a per share
value of 210p, while simple comparable analysis shows that the valuation is at a
large and unwarranted discount to Moneybox, its troubled competitor.

cheers GF.

should continue to break up now for a while - resistance around 140p mark looks set to be blown away on the back of the trading statement and likely upgrades to come - AGM early March I believe and results in May are not far away and likely to result in more good news. 200p is very possible come the year end - or before if were lucky.

cheers goldfinger, can only but agree Oxman

capa

Ticked up again, nice.

cheers GF.

Now up 10p on the day, nice.

cheers GF.

11p goldfinger, keep up :-)

capa

Now up 11.5p and looking strong. That header may put some buyers off. Wonder if its time for a new updated thread????????????????, go on Capa your the man do the business.

cheers GF.

Buys still coming in, what a fantastic day all round.

cheers GF.

Up 12p now capa.

cheers GF.

keep up GF :-)

Blimey your right Dil I thought you were taking the mick, now 12.5p rise for the day. NICE.

cheers GF.

As if :-)

Now up 13p or 10% on the day , plenty more to come methinks.

Good luck all.

Is it possible to add the day chart and 1 year chart to the header?

I may be nice to see,.