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.

LONDON (AFX) - Shares in recently firm Retail Decisions came on offer after Daily Mail market reporter Geoff Foster advised readers to take takeover stories about the company with a big pinch of salt.

The international market leader in credit card fraud prevention wants to remain independent, he added.

Retail Decisions shares were 1-3/4 pence adrift at 21 by 8.20 am.

fjb/lam

Topped up at 21p. Niiiice!
Mo money, mo money, mo money !!

It's good to see another timely consolidation point.

The chart still looks very strong. Buying pressure is still there and once the short termers are out which could be as early as tomorrow (RTD playing down the bid rumour will have been enough to send many reaching for the sell button) we should be on the up again. Interestingly there were hardly any "unknown" trades - the MMs made sure that they shook the tree a bit also to keep their stock levels up.

The really good news is that RTD want to remain independent - this means that we're back looking at mid-term 1+ target prices rather than debating over whether an offer will be made at 30p or 70p or whatever.

Good news to buy in also if you missed out on the mad rush (as Javidshaik discovered).

Overgrowth, thanks for the confidence booster.　　When you say mid-term 1 pound + target, what sort of time frame are we speaking 6 months, a year?

just a quick query, how can you justify the 1 long term price when the projected profits for 2003-2004, 2004-2205 are roughly the same?? I cant quite see where the massive price rise will come from when the projected profits for this year are already factored nito the price?? Is there a massive expansion plan to improve income or acquisitions??

Folks, mid term we're looking at 1-2 years. RTD don't need to massively expand or acquire more companies.

They're a key player in the card-not present market and have close ties with major companies and corporations here and in the US (don't forget the organic growth taking place in South Africa and Australia). The company is still significantly undervalued - the city is waiting for hard confirmation of continued success in the results before they look at buying in for the longer term.

Remember that RTD have a mutual agreement with Datacash and this will significantly enhance income (for little expense on RTD's part). Here is an excellent post by Paul Zaleski taken from iii:

"I know I keep banging on about the relationship between RTD & Datacash (DATA)and I'm sure you are aware that both companies sell each other's services. Basically, DATA's preferred partner for fraud software prevention within its internet payment solution is RTD.

You will recall my last post about DATA winning a massive UK Govt contract. Well, today DATA have issued a fantastic pre-close trading statement with an estimate for massive growth in the year ahead.

DATA's success is RTD's success. Both companies have a market dominant postion in the UK, although RTD has a far larger international reach. DATA's share price has risen nearly 30% in the past couple of weeks. I would suggst that some of RTD's rise (at the same time) is due to this. It may very well be that the recent directors' share purchases reflected the increased confidence in DATA and therefore RTD.

You cannot avoid the figures that are coming regularly out now - that internet trading, betting, shopping are growing at an exponential rate. This all bodes well for RTD/DATA.

Just bear in mind - on 13th March 2000, RTD, with less contracts, less reach, less revenue and less profits, were over 200p per share."

Don't concern yourself with yesterday's and today's falls (unless you're trading) the recent rises above 20p were purely due to bid speculation, all we are seeing now is a return to normal price levels now the rumours have been quashed by RTD.

This was in the Evening Standard yesterday, regarding the earlier bid rumours. The interesting bit is they have given an estimate of the profits.

http://www.thisislondon.co.uk/news/business/articles/timid73538?source=

TAKE takeover stories about Retail Decisions with a big pinch of salt. The international market leader in credit card fraud prevention wants to remain independent. It jumped 2 1/4p further to a high of 22 3/4p on turnover of 15m-plus following a strong buy recommendation from Daniel Stewart. Full-year results in March should show pre-tax profits soaring to 5.4m from 0.8m last time.

where are you mitch 101

i told you they would re-trace,my strategy is to sell on rumour and buy on fact,it works for me.but perhaps not for other people.i will buy in again very soon.

Keep the faith peoples. I used this retrace to keep topping up.

Petralva,

I now see what you mean by the contrarian "sell on rumour, buy on fact", you wait to sell at the point when the hype turns into a scurry for the door (or just before), wait for the price to retrace and then buy in again - pretty good strategy (what's the next one you've been eyeing up?).

Washlander,

I've got faith in the company not in the rumours, long term this one will be "pay off your mortgage material" at the risk of being called a blatant ramper.

RTD could well have a small rise tomorrow - let's see.

OG

anyone hear anymore about the alleged take over bid?

javid

Glad that rumour is becoming history, perhaps we can get back to normal steady progress up to the results.

petralva
just read "back-posts"...
I think we are talking about the same thing here but at crossed wires..
When you sold, you sold when the rumour was made news i.e. Reuters made the rumour story, news & put the price up... hence sell on news (@ the best price obviously).But you needed to have heard the rumour before it was news to have got the highest profit ( if you weren't already holding), thus avoiding buying near the peak.
It's an old saying and goes back before the internet, when you could only read stories in the newspapers, and obviously 24 hrs late...
Still, you done well, which ever way you want to interpret..

yeah agree with you mitch,but i had no prior knowledge of this,i was in at 11.50 back in september,and like you have been waiting forever to see this move,on the second day it was i think 2.75 up,then i heard about the rumour floating around on the adfvn,and sold at 22.80 just a hunch that it couldnt be true,hence the retrace,a bit of a gamble,and payed of,although wanted to get back in around 20p but missed the boat,so just going to see if theres any comments at the weekend,and take it from there.

I sold at 23.06 but have since bought back in. Still no reason why it should not hi 25- 29 by the time the results are posted.

hope so washlander.

Thought I'd share this week ending analysis from
the Yahoo Finance section of "My Yahoo".

Short Term Commentary
The stock is taking a breath, although still in a strong bullish trend.

Medium Term Commentary
Medium term price trend for Retail Decisions is still bullish this week. This stock overperforms the FTSE 100 INDEX by 45.46 %. Volatility has been increasing during last month.

Check out the money section of todays Times there is an article on the back page about credit card fraud. Its about bogus telephone calls mainly in the USA The caller pretends to represent Visa or Mastercard and extracts the 3 digit pin.Worth a read

January 31, 2004

US gangs target cardholders in new scam



HOLDERS of credit and debit cards have been warned never to disclose card details over the telephone. This follows a spate of bogus calls this week from criminals who claim to be from MasterCard and Visa.
Thieves telephone the cardholder regarding a fictitious fraudulent transaction made on their account. The victim is then asked to reveal the card’s three-digit security code, printed on the back, to confirm that he or she is the cardholder.



When this is disclosed, the thieves can commit card-not-present fraud, in which goods and services are fraudulently bought over the telephone or internet. Without the three-digit code, most retailers and merchants will refuse remote card transactions.

Two Money readers were called this week by crooks using the Visa and MasterCard scam to steal their security codes. MasterCard suspects that criminal gangs have gained cardholders’ account details, possibly by hacking into an online merchant’s database, and have then used Directory Enquiry searches to obtain their telephone numbers.

Times Money revealed last year how thousands of people are plagued with nuisance telephone calls. This pernicious brand of cold-calling underlines the need for the public to be wary of unwanted calls.

Steve Vanhinsbergh, senior manager of fraud control at Visa, says: “This type of fraud has been flying around for the past 18 months. Using the telephone to acquire people’s card verification codes is a new variation on an old scam.”

Visa and MasterCard warn cardholders that they should never disclose their account or security details when answering a phone call. They advise customers to terminate such calls and to warn the card issuer by phoning the number printed on card statements.

MasterCard blames fraudsters in the US for recent calls because customers were given US call-back numbers. In a similar e-mail scam, eBay.com and PayPal.com had security systems compromised when fraudsters sent e-mails, apparently from these online retailers, asking customers for card details.

Card-not-present offences are the fastest-growing type of fraud globally. Their cost has increased from 73 million a year in 2000 to 110 million last year. More criminals are expected to move into this type of fraud as a result of this year’s switch to chip and PIN, the new anti-fraud initiative pioneered by the banks.

Chip and PIN cards are encrypted with an electronic chip, which makes them extremely difficult to counterfeit, while a four-digit PIN will prevent the use of lost or stolen cards — unless the PIN has been unwittingly disclosed.

Richard Smith, risk services manager at MasterCard, says: “Naturally, fraud will migrate, with the roll-out of chip and PIN to mail-order telephone and internet transactions. But we are developing new technology to tackle this threat.”

Worth looking at RTD's USA web site folks if you haven't seen it already. An impressive list of clients:

http://www.red-usa.com/clients.php

RTD also gets a very favourable mention by Robbie Burns in The Sunday Times:

http://www.timesonline.co.uk/printFriendly/0,,2-529-984436,00.html

The MMs are still a bit low on stock - they didn't expect the strength of buying that was seen on Friday. Looks like another up day tomorrow :-)