I don't understand it... Cardpoint release a statement titled "Cardpoint H1 underlying profits rise 43 pct as sales almost double" but the share price keeps falling!

Seems like every other investor knows something I don't!

Can anyone shed any light on the situation?

This should helped the price up 4.4% to-day, future looks rosy. DYOH

Datacash sees revenue surge
MoneyM
David Bailey, chairman of payments service provider Datacash Group, will tell today annual meeting that revenues were up some 30% in the first four months of the year as a result of a significant increase in transaction volumes.

'The year has begun well for the company with transaction volumes up significantly on the previous 12 months,' Bailey said in a statement. 'The resultant revenues are up more than 30% in the first four months of 2005 when compared with the same period of 2004, and net cash is now approaching 4m.'

He said the company's sales pipeline is encouraging and added: 'The board remains confident that 2005 will be a year of good progress.'

Techinvest sold holding due to having stop loss triggered. but was not blackenning and continuing to monitor. ICV was less enthusiastic which to me seems harsh. This was based on less convertions than expected.

Times was lukewarm. But!!!

But below is more reassuring.

**************
Cardpoint PLC
27 May 2005


Cardpoint plc ('the Company')

Substantial shareholder


The Company was informed on 24 May 2005 that, Artemis Investment Management
Limited and certain of its subsidiary companies ('AIML') have a notifiable
interest in 6,267,848 ordinary shares of 5p each ('Ordinary Shares') in the
Company. These Ordinary Shares represent approximately 10.31 per cent. of the
issued ordinary share capital.

The Company was also notified on 25 May 2005 that, pursuant to a further
purchase of Ordinary Shares by AIML, Artemis Special Situations, a subsidiary of
AIML, now has a beneficial interest in 4,944,131 Ordinary Shares, representing
approximately 8.13 per cent. of the issued ordinary share capital.

27 May 2005

*****************

The price chart looks good RSI 15 and 50 look reasonable,MACD 5/20 looks ok. OBV looks OK. Volume down, but could be in line of with overall market.


I am holding until next update or interims.

Just been wandering around, sniffing.


**********************

LONDON (AFX) - Cardpoint PLC, which runs an independent network of cash machines, was upbeat on its prospects for the second half as it announced a 43 pct increase in underlying profits in the first half to March 31 on the back of a near doubling in turnover.

Pretax profit before goodwill amortisation rose 43 pct to 443,000 stg from 309,000 a year earlier as turnover rose 92 pct to 26.6 mln stg from 13.8 mln.

At the same time, the group said it expects improved transaction levels in the second half, which it said traditionally yields greater revenue because of seasonal business combined with a largely fixed cost base.

And further out, the company said it is looking forward to strong trading in 2006, "now that the firm foundations of this transitional year have been laid".

Cardpoint is now running the HBOS cash machine network and is converting them to charging but this process has been dogged by delays.

Today Cardpoint said it expects to convert at least 275 HBOS machines to charging by the end of September, exceeding its target of 250 but it added that the delays will have some impact.

"Whilst the delay in the migration to charging will have a short term impact on our expectations for the current year, we will start the next financial year from a stronger base as more machines will have been converted to charging than previously anticipated," said chief executive Mark Mills.

In the first half, Cardpoint saw income from its core cash machine estate increase 9 pct on a like-for-like basis.





I think I prefer this appraisal.