12 month price target 167p based on the new business likeley to be generated by rolling out their smart card offering also good management

All you want to know about pre-paid credit cards...

What is a Prepaid Credit Card?

The definition of a prepaid credit card is: A payment card (usually MasterCard, Maestro, Visa Electron or Amex), pre-loaded with your own money, which you can then use wherever the payment card is accepted, including on the internet and abroad.

A prepaid card is much like the gift cards available from most high street chains in the UK, however, prepaid cards have a much wider acceptance, and can be used internationally. They are the same as credit cards, but without the credit. The majority of UK prepaid card providers offer cards embossed with your own name, and some are even CHIP & PIN cards.

Qualifying for a Prepaid Card

A prepaid card is not a credit facility, so you do not need to pass a credit check. Even if you have bad credit or CCJs you are guaranteed to be approved for a prepaid card. However, like most Money products, you are still required to provide details verifying your identity and address (for example a passport, driving licence or national identity card + utility bill or an official letter with your permanent or temporary UK address). Some of the UK prepaid card issuers will even verify your details online, and give you an instant approval. This is an electronic identity check, not a credit check!.

Prepaid Card Convenience

Prepaid cards do not get you into debt, as only transactions up to the balance loaded onto the prepaid account will be authorised. Therefore, you can only spend what you have paid in! Most prepaid card providers enable you to manage your account online or via an interactive Voice Response telephone service. So, you are always within easy reach of your balance.

As its your own money, and not credit, there are no interest charges, late payment or over limit fees. In actual fact, you dont even need to be 18 to apply for one!

You are in complete control of your funds, and do not need to carry around large sums of cash! In most cases, if your card gets lost or stolen, your remaining balance will be transferred across to a new account, and you will receive a replacement card.

The internet great discounts

Prepaid cards are widely accepted across the internet. They are issued under a MasterCard, Visa Electron, Maestro or Amex badge, and therefore have the same acceptance as credit and debit cards.

So, rather than paying cash in the high street, you can get some great deals online, and save s. Goods and services are usually much cheaper online, so you can grab some bargains using your chosen pre-paid card.

You can also use a prepaid card to register for services such as Ebay or Paypal. You can then grab even better deals, and pay via Paypal immediately. This replaces the need to send cash, cheques or postal orders, which can add another 7-10 days before you receive your goods.

One prepaid card issuer even provides you with purchase protection, so you get to enjoy the same benefits as a credit card holder!

Financial planning

You are in complete control of the funds that you load onto the card. You can even get authorised users added to your account with most of the UK prepaid banks, and they each get their own card in their own name. You can only spend what you have paid in, and you can look at your transaction history 24 hours a day via the internet or telephone, with most of the banks.

Some of the card issuers enable to you set-up pay as you go prepaid accounts. You are not going to earn interest on your money, but it provides a great way of storing up some emergency funds, or just left over cash for a rainy day!

THE MARKET CONISTER IS TARGETING.

Prepaid Money Transfers

Prepaid credit cards The new way to do international money transfers. Send money overseas quickly and economically!


Prepaid cards can be a great cost effective way of transferring money overseas. Its simple to add an additional card to your selected prepaid account, which may be sent to a relative or friend outside of the UK. The account can then be re-loaded with cash in the UK (via the Post Office for example), and funds can be withdrawn instantly abroad, in the local currency. ATM and foreign transaction fees apply, but depending on the transfer amount, its likely to be quicker and cheaper than most mainstream money transfer services!

http://www.which-prepaid-card.co.uk/features/prepaid-money-transfers.html

This should area of money transfer should provide Conister with an emerging relatively untapped market in the UK and Europe.

Gordon says tips have ...

12 month price target 167p based on the new business likeley to be generated by rolling out their smart card offering........ NICE.

Better get this out of the way before someone querys it..

The Company has received a petition from a minority shareholder alleging certain
irregularities in relation to the issue of 12 million ordinary shares in May
2006. The Board have taken legal advice and firmly believe that the petition
is wholly without merit and will defend such action accordingly.

ENDS

Spoke to the company and they reiterate the above.

From UK analyst...

If Conister delivers the sort of growth Mellon hopes for then this business will be valued on, perhaps, 20 times earnings which would imply a one year out valuation of 70 million for the entire group (or 167p per share) and that would just be for starters. Operational gearing means that if this business works, its profits will race ahead in years three, four and five

few small trades today would like to see some momentum and await first lot of news in March perhaps ??

glad to see you on board GF you still doing o.k ?

I've been dissalusioned with stocks last 12-18 months been in overseas property
in Morocco check it out @ www.allnewmorocco.co.uk

if anyone wants any background of the CEO Jim Mellon read his book

http://www.amazon.co.uk/Wake-Up-Survive-Prosper-Economic/dp/1841126918/ref=sr_1_1/203-5676985-6598361?ie=UTF8&s=books&qid=1172836776&sr=1-1

Hi Gordon doing very well mate thans for asking, I think this one will get your enthusiasm back on track for stocks, pecker up I say.

Looks to be a real corker of a rejig, rejuvenation. 10 million cash underpinning it aswell.

Strong balance sheet but looks like the old business will turn in a loss, this year but who cares with all this new business going on.

High margins aswell I hear.

Mellon as a fantastic track record.

trouble is this stock needs exposure, i'd never heard of it B4 but it's been around for ever.....
where is this going to come from ? TW?

Yep from TW and then the city will catch on, no probs.

Must admit the name doesnt do it any favours, most people will think its a unit or investment trust.

I can see this being changed in time with a lot more awareness for the business.

Nice to se the buyers still coming in, cant bee long before it ticks up again.

Prepaid cards are forecast to be one of Europe's fastest-growing markets, based
on September 2006 projections by market research firm PSE Consulting. 'Between
now and 2010, the European market for such cards is expected to more than double
each year with 360 million prepaid cards in issue and where this market alone is
projected to involve transactions worth 75 billion annually.' These figures
come in the wake of prepaid cards already having created a tremendous success
story in the US, Australia and Italy.

I asked TW to see if they can get them to Master Investor I think they could be a late entrant which would give them great exposure

Excelent thinking Gordon.

Would be great to get to the show but Im booked up fully that weekend.

From the recent RNS...


Prepaid cards are forecast to be one of Europe's fastest-growing markets, based
on September 2006 projections by market research firm PSE Consulting. 'Between
now and 2010, the European market for such cards is expected to more than double
each year with 360 million prepaid cards in issue and where this market alone is
projected to involve transactions worth 75 billion annually.' These figures
come in the wake of prepaid cards already having created a tremendous success
story in the US, Australia and Italy.

Read the full PSE Consulting Document here...

http://www.psel.co.uk/pdf/articles/cardproducts/pse_prepaid_who_will_win_v2_sep_2006.pdf

Pre-paid cards tipped for growth in Europe

European consumers are set to spend EUR75 billion by 2010 using reloadable pre-paid cards, which are targeted at customers that do not have a bank account.

According to a report by European payment consultancy PSE Consulting, stored value cards are expected to account for 2.3 billion card transactions per annum by 2010 - compared with 150 million transactions now - representing five per cent of total card transaction volumes and three per cent of total card spending.


PSE says annual growth rates of the prepaid card market will exceed 110% for the next five years, and pre-paid gift products - such as card-based gift vouchers - will fuel a significant proportion (almost 30%) of total spend.


The use of the cards as an alternative to travellers cheques and foreign cash will also drive growth and account for 15% of spending. Internet payment cards (which provide a secure alternative to credit cards) are expected to generate 13% of spending, while company rewards and incentives programmes are set to account for 12% of spending.


But despite the anticipated rate of growth, Peter Jones, managing director of PSE, says banks must act quickly if they are to secure their share of the pre-paid market and compete with non-banks.


"We have forecast that 58% of spend will occur on Visa or MasterCard branded cards but, to date, banks and financial institutions have been adopting a 'wait and see' strategy," he says.


Jones says this is illustrated by Poste Italiane in Italy which currently has 1.9 million pre-paid cards in circulation.


The research found three separate segments are set to become the focus for pre-paid market development - stored value gift cards, direct financial institution offers including cards used for Internet payments, online gaming, travel cards or remittance products and business solutions such as cards for delivering government benefits and payroll.


As part of the research PSE carried out a mystery shopper survey using several different pre-paid travel products and those targeted at the un-banked which found that the registration of some products was very complex and may deter customers.


Chris Jones, senior consultant at PSE, says: "The sector must focus on developing and delivering simpler, cheaper products and services if the forecast levels of growth are to be achieved. The issues associated with directly charging consumers for pre-paid services mean corporate pre-paid solutions are likely to offer more attractive revenue models in the short term."

Significant shareholdings..

http://www.conistertrust.com/data/Reports/Significant%20Shareholder.pdf

A few sellers at the end of the day gives buyers an opportunity to get them a little cheaper, within the spread if they haggle.

I hope a few investors have a look at this , this weekend,

The opportunity is fantastic.

One wonders what they are going to do with all that cash?.

I bet Mr Mellon already as a PLAN.

2007 will mark an exciting year for Conister Trust both for its customers as well as its shareholders. Following a year of preparations, the Company has now launched a new business division - Transbank. This division will provide solutions for the rapidly growing market of network-branded open-loop prepaid cards - for which the European market is projected to grow by 110% p.a. between 2005 - 2010. Through this separate business division, Conister Trust will use its offshore banking license to serve as an independent card issuer. This is a market neglected by large banks and in the US market, it is the small and independent banks who have reaped the largest part of the recent growth of such prepaid cards.