CARDPOINT, A GROWTH COMPANY GOING PLACES.

Im recommending Cardpoint after having this stock on my watch list for the last three months and have to say it really as a fantastic management, and a management that backs the company up with solid Director Buying. It’s a simple business the management have formed and has been acquisitive throughout the last financial year creating growth and value for company shareholders.

What Does It Do?

Cardpoint plc is an independent owner and operator of 1,800 ATMs and 2,900 mobile top up terminals across the UK. The ATMs are typically placed in convenience stores, shopping centres, motorway service stations, hospitals and train stations, and in areas that are not traditionally serviced by other ATM providers, thereby offering their customers greater convenience and access to cash. The Company typically charges #1.50 per cash withdrawal, with its customers' go-ahead, and also receives transaction revenues for balance enquiries and rejections. The Company recently acquired Securicor Cash Machine Limited for up to #9.2m over two years. The mobile top division, acquired in July 2003, trades under the name of PT Distribution Limited and is being rebranded to Cardpoint Merchant Retail from September 2003 onwards and operates in retail outlets such as MOTO, Londis, Costcutter and Spar. Cardpoint is a full member of the LINK Network, the only branded shared network of ATMs and self-service terminals in the UK, which allows more than 80 million cardholders of every member financial institution to use the ATM of another LINK member. Cardpoint listed on the Alternative Investment Market in June 2002. The Company's Stock Exchange EPIC is CASH.

Recent Developments.

The company put out this recent trading update and also news of another quality acquisition.

Trading Update Cardpoint plc, the AIM listed ATM and mobile top up operator, is providing the following trading update as it goes into its closed period. Having reviewed the draft unaudited management accounts for the financial year ended 30 September 2003, the Board believes that the Group's performance will be closely in line with the revised market expectations following the two significant acquisitions made by the Company. The Preliminary Results will be released on 24 November 2003. The integration of Securicor Cash Machine (SCM), which was acquired in May 2003, and PT Distribution, acquired in July 2003, is continuing extremely well and the improved margins that were expected are filtering through to the bottom line.

Mark Mills, Chief Executive of Cardpoint plc, said: "The recent acquisitions have transformed Cardpoint into the fastest growing and third largest independent ATM deployer in the UK. "As a result of the recent acquisitions, the Group has continued to benefit from improved margins and a number of cross selling opportunities. We have a good pipeline of new business and are in the process of rebranding our machines to further increase visibility and footfall. I am confident that our figures will be in line with market expectations and the Board looks forward to start of the new financial year with great confidence."

News Of The Acquisition.

Cardpoint PLC 21 October 2003 Press Release 21 October 2003. Cardpoint to provide Thresher wine merchants with 1,000 mobile top up terminals Cardpoint plc, the AIM listed ATM and mobile top up operator, has been awarded a two year contract to provide Thresher Group with 1,000 electronic mobile top-up terminals across the country in the first major deal this year in the retail mobile top-up sector. The contract win follows Cardpoint's acquisition of PT Distribution Limited from Project Telecom in July for 1.7 million. PT Distribution has subsequently been renamed Cardpoint Merchant Retail. The top-up terminals will be rolled out before the end of 2003 with full supporting point of sale and marketing material. Thresher Group is the UK's leading specialist retail drinks retailer with over 2000 shops operating under brand names such as Thresher, Wine Rack, Victoria Wine and Bottoms Up. The group is the fifth largest private retailer and attracts over 150 million customers each year.

Mark Mills, Chief Executive of Cardpoint plc said: 'Since acquiring the top-up business, Cardpoint has restructured the sales and marketing functions which have directly led to this significant contract win. As I stated in our positive trading update of 30 September 2003, the Group has continued to benefit from improved margins and a number of cross selling opportunities following recent acquisitions and we are confident that our figures for the year ended 30 September 2003 will be in line with market expectations.'


Results And Forecasts.

Years To Sept T/O(m) Pre/Tax Profit (m) EPS(p) P/E

2002(A) 3.1 (0.8) (5.4) n/a
2003(E) 11.2 (0.5) (2.1) n/a
2004(E) 30.3 1.9 5.0 15.9


House Broker.

Evolution Beeson Gregory - recent comment.
All the acquisitions and cost-saving potential has created tremendous 'value creation' possibilities. For 2003 they expect earnings before tax, depreciation and amortization of 1.4 million and a pre tax loss of 500,000.

For 2004 they expect 6.6 million before EBITDA, with pre-tax profits coming in at 1.9 million on sales of 30.3 million. This would put the shares on a forward P/E rating of 15.8, which they point out is very cheap for a company with reasonable gearing, impressive margins and a very solid base on which to build out further growth.

Traded on Aim.

I believe this is a medium to long term growth punt and potential investors, please DYOR, you are responsible for your buying and selling actions.

Regards GF.

Yup its also been recommended by Shares aswell fairly recently, they cant both be wrong surely. A lot of buys gone through this morning add those to the buys on Friday and I cant see it being long before the dam wall bursts and we get a move up.

cheers GF.

On the band wagon @.8463. Been good to me in the past this one.

Growth Company Investor also ran it as their main tip last month

good tip gf. im in at 84.6p. thanks.

shares tip.

Cardpoint (AIM:CASH) – Buy
The automated teller machine market, excluding the network operated by the big banks, is forecast to double by 2007. A surprisingly large number of people are willing to pay around 1.50 every time they withdraw cash and Cardpoint checked out a record one million transactions last month.

Margins are running at around 75%, so most of the money goes straight into Cardpoint’s coffers. These kind of numbers were inconceivable six months ago. The transformation came in May with the purchase of Securicor’s ATM network for 9.2 million.

The deal leapfrogged Cardpoint to the third largest independent going from 450 to 1,700 machines. It brought forward and increased profitability as the Secricor machines are well-established and margins rose as costs per machine fell.

There is also plenty of scope for improving the Securicor network as the operation was peripheral and suffered from lack of management attention. Withdrawal fees average 139p, or 20p lower than Cardpoint’s ATM network.

Cardpoint has a good record in both increasing fees and transaction volumes per machine. Improved signage and machine access is the best way to achieve this, with relocation to a more promising site the final solution.

In July, the company snapped up the mobile phone card division of Project Telecom for 1.7 million. It consists of 3,000 terminals allowing users to top up their mobile phones. This looks to be another bargain and should be earnings positive this year.

Current-year losses to the end of this month are expected to fall to between 100,000 and 200,000 against 800,000 last year. Cardpoint started making money several months ago and should produce well over 2 million pre-tax next year and nearly 4 million the following year.

This drops the PE in 2005 to 7, which means the shares could rise by almost half to around 100p in 12 months, having already doubled this year.


Shares Summary

The shares stumbled after the flotation last year but have since rocketed. This progress will slow down, but the shares still look an excellent buy on the back of the anticipated profit growth which looks eminently achievable. The key date is late November for trading update with full-year results.

Business: Cash machine operator

Vital stats:
Market capitalisation: 24m
Historic PE to Sep ’02: losses
Prospective PE to Sep ’03: losses
Prospective PE to Sep ’04: 12.2
No dividend


gf.

Blimey have you seen the number of buys gone in on this one. Surely with the Yanks predicted to open firmly this pm the MMs will move it up, PLEASE.

cheers in anticipation GF.

The buying goes on and still no price move northwards, astonoshing considering the volume. Added again myself this afternoon.

GF.

Ah so thats why the shares havent budged today a T protected sell has just gone through for 100,000 shares. Well that still leaves around 60,000 plus more buys today so with luck we could be on our way tomorrow as long as the US doesnt let us down later today.

cheers gf.

Well it appears the Brokers like this one................

WHAT THE BROKERS SAY

Strong Buy 1

Buy 1

Neutral 0

Sell 0

Strong Sell 0

Total 2

cheers GF.

Again a good start to the day and all buys bar one, surely at some time they have to crack.

GF

RESEARCH on Cardpoint.


Research - Cardpoint plc (CASH.L)
As of 06 Nov 2003
Research Summary Disclaimer
Number of brokers
recommending as:
--------------------------------------------------------------------------------

Strong Buy 1
Moderate Buy 1
Hold 0
Moderate Sell 0
Strong Sell 0
Average Recommendation
(Strong Buy) 1.00 - 5.00 (Strong Sell)
--------------------------------------------------------------------------------

This Week 1.50
Last Week 1.50
Change 0.00%

--------------------------------------------------------------------------------

Covering Brokers
Earnings Per Share
--------------------------------------------------------------------------------

Last Reported Year 30 Sep 2002 N/A
Surprise %

Consensus Estimates
Forecast Year 1 (30 Sep 2003) -2.20
Forecast Year 2 (30 Sep 2004) 5.00



Earnings Estimates & Recommendations
EPS figures in British Pound
Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004)
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Months Ago
0
--------------------------------------------------------------------------------
1
--------------------------------------------------------------------------------
2
--------------------------------------------------------------------------------
3
--------------------------------------------------------------------------------

Strong Buy
Moderate Buy
Hold
Moderate Sell
Strong Sell

Mean* 1
1
0
0
0
--------------------------------------------------------------------------------
1.50 2
0
0
0
0
--------------------------------------------------------------------------------
1.00 1
0
0
0
0
--------------------------------------------------------------------------------
1.00 2
0
0
0
0
--------------------------------------------------------------------------------
1.00
* (strong buy) 1.00 - 5.00 (strong sell)
--------------------------------------------------------------------------------

Industry:Support Services
Ranked 24 of 151

Next Earnings (Approx.): 20 Nov 2003

Earnings Estimates

--------------------------------------------------------------------------------

Consensus
# of Analysts
Low Estimate
High Estimate
Year Ago EPS
EPS Growth


-2.20
2
-2.30
-2.10
N/A
N/A

5.00
2
5.00
5.00
N/A
327.27
Consensus EPS Trend
--------------------------------------------------------------------------------

Current
7 Days Ago
30 Days Ago
60 Days Ago
90 Days Ago


-2.20
-2.20
-2.10
-2.10
-2.10

5.00
5.00
5.00
5.00
5.00


Earnings Growth

Last 3 Years Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004) Last Reported Year - Forecast Year 2
(30 Sep 2004) Price/Earn
(30 Sep 2003) PEG Ratio
(30 Sep 2003)
Cardpoint plc
Support Services
Country Aggregate
N/A
N/A
7.38
10.31 327.27
9.57
9.22
17.65
20.49 -37.5
14.61
14.34
N/A
N/A


Earnings History

30 Sep 2001 30 Sep 2002
Estimate
Actual
Difference
% Surprise


N/A
N/A
N/A



Covering Brokers
Evolution Beeson Gregory,Numis Securities





Research - Cardpoint plc (CASH.L)
As of 06 Nov 2003
Research Summary Disclaimer
Number of brokers
recommending as:
--------------------------------------------------------------------------------

Strong Buy 1
Moderate Buy 1
Hold 0
Moderate Sell 0
Strong Sell 0
Average Recommendation
(Strong Buy) 1.00 - 5.00 (Strong Sell)
--------------------------------------------------------------------------------

This Week 1.50
Last Week 1.50
Change 0.00%

--------------------------------------------------------------------------------

Covering Brokers
Earnings Per Share
--------------------------------------------------------------------------------

Last Reported Year 30 Sep 2002 N/A
Surprise %

Consensus Estimates
Forecast Year 1 (30 Sep 2003) -2.20
Forecast Year 2 (30 Sep 2004) 5.00



Earnings Estimates & Recommendations
EPS figures in British Pound
Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004)
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Months Ago
0
--------------------------------------------------------------------------------
1
--------------------------------------------------------------------------------
2
--------------------------------------------------------------------------------
3
--------------------------------------------------------------------------------

Strong Buy
Moderate Buy
Hold
Moderate Sell
Strong Sell

Mean* 1
1
0
0
0
--------------------------------------------------------------------------------
1.50 2
0
0
0
0
--------------------------------------------------------------------------------
1.00 1
0
0
0
0
--------------------------------------------------------------------------------
1.00 2
0
0
0
0
--------------------------------------------------------------------------------
1.00
* (strong buy) 1.00 - 5.00 (strong sell)
--------------------------------------------------------------------------------

Industry:Support Services
Ranked 24 of 151

Next Earnings (Approx.): 20 Nov 2003

Earnings Estimates

--------------------------------------------------------------------------------

Consensus
# of Analysts
Low Estimate
High Estimate
Year Ago EPS
EPS Growth


-2.20
2
-2.30
-2.10
N/A
N/A

5.00
2
5.00
5.00
N/A
327.27
Consensus EPS Trend
--------------------------------------------------------------------------------

Current
7 Days Ago
30 Days Ago
60 Days Ago
90 Days Ago


-2.20
-2.20
-2.10
-2.10
-2.10

5.00
5.00
5.00
5.00
5.00


Earnings Growth

Last 3 Years Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004) Last Reported Year - Forecast Year 2
(30 Sep 2004) Price/Earn
(30 Sep 2003) PEG Ratio
(30 Sep 2003)
Cardpoint plc
Support Services
Country Aggregate
N/A
N/A
7.38
10.31 327.27
9.57
9.22
17.65
20.49 -37.5
14.61
14.34
N/A
N/A


Earnings History

30 Sep 2001 30 Sep 2002
Estimate
Actual
Difference
% Surprise


N/A
N/A
N/A



Covering Brokers
Evolution Beeson Gregory,Numis Securities





Research - Cardpoint plc (CASH.L)
As of 06 Nov 2003
Research Summary Disclaimer
Number of brokers
recommending as:
--------------------------------------------------------------------------------

Strong Buy 1
Moderate Buy 1
Hold 0
Moderate Sell 0
Strong Sell 0
Average Recommendation
(Strong Buy) 1.00 - 5.00 (Strong Sell)
--------------------------------------------------------------------------------

This Week 1.50
Last Week 1.50
Change 0.00%

--------------------------------------------------------------------------------

Covering Brokers
Earnings Per Share
--------------------------------------------------------------------------------

Last Reported Year 30 Sep 2002 N/A
Surprise %

Consensus Estimates
Forecast Year 1 (30 Sep 2003) -2.20
Forecast Year 2 (30 Sep 2004) 5.00



Earnings Estimates & Recommendations
EPS figures in British Pound
Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004)
Number of brokers
recommending as:
--------------------------------------------------------------------------------
Months Ago
0
--------------------------------------------------------------------------------
1
--------------------------------------------------------------------------------
2
--------------------------------------------------------------------------------
3
--------------------------------------------------------------------------------

Strong Buy
Moderate Buy
Hold
Moderate Sell
Strong Sell

Mean* 1
1
0
0
0
--------------------------------------------------------------------------------
1.50 2
0
0
0
0
--------------------------------------------------------------------------------
1.00 1
0
0
0
0
--------------------------------------------------------------------------------
1.00 2
0
0
0
0
--------------------------------------------------------------------------------
1.00
* (strong buy) 1.00 - 5.00 (strong sell)
--------------------------------------------------------------------------------

Industry:Support Services
Ranked 24 of 151

Next Earnings (Approx.): 20 Nov 2003

Earnings Estimates

--------------------------------------------------------------------------------

Consensus
# of Analysts
Low Estimate
High Estimate
Year Ago EPS
EPS Growth


-2.20
2
-2.30
-2.10
N/A
N/A

5.00
2
5.00
5.00
N/A
327.27
Consensus EPS Trend
--------------------------------------------------------------------------------

Current
7 Days Ago
30 Days Ago
60 Days Ago
90 Days Ago


-2.20
-2.20
-2.10
-2.10
-2.10

5.00
5.00
5.00
5.00
5.00


Earnings Growth

Last 3 Years Forecast Year 1
(30 Sep 2003) Forecast Year 2
(30 Sep 2004) Last Reported Year - Forecast Year 2
(30 Sep 2004) Price/Earn
(30 Sep 2003) PEG Ratio
(30 Sep 2003)
Cardpoint plc
Support Services
Country Aggregate
N/A
N/A
7.38
10.31 327.27
9.57
9.22
17.65
20.49 -37.5
14.61
14.34
N/A
N/A


Earnings History

30 Sep 2001 30 Sep 2002
Estimate
Actual
Difference
% Surprise


N/A
N/A
N/A



Covering Brokers
Evolution Beeson Gregory,Numis Securities

GF.

GF just to support all your input I bought some this morning 84.63

I will buy you a "panettone" for Xmas....

Ciao

Cheers Ciao. I cant beleive this one hasnt moved again. Beginning to wonder if its one of those that move upwards when sells go upwards. Contrarian share????.

cheers GF.

If this one doesnt move north tomorrow then sorry Im bringing in a armoured tank to physicaly move it. MMS its me Rog from the Henly reggata, surely as we are pals and will see each other next year, you can bang it up at least 5p.

cheers rog.

Don't forget - results are announced tomorrow:

'Cardpoint plc, the AIM listed ATM and mobile top up operator, will be announcing Preliminary Results for the full year ended 30 September 2003 on Thursday 20 November 2003. In order to accommodate an analyst meeting, this new timing replaces the previous date of Monday 24 November which the Company announced in its Trading Update dated 30 September 2003.'

Bought these back in April for 52p when covered in Pat Lay's Smaller Companies Spotlight on the This is Money website (actually done quite well from tips taken on here). Still hanging on and watching next results with interest.

Me too , gf.

Cardpoint today said that in the year to 30 September 2003, the company's turnover reached 12,166,000, a nearly
fourfold increase on the year to 30 September 2002, when turnover was 3,104,000.
The company said that it generated an EBITDA of 1,296,000 during the year, compared to a loss of 242,000 for the previous year, and generated a profit before tax and goodwill of 50,000, against a loss of 757,000 for the same period in 2002.
Cardpoint said that as a result of the funds raised during the year, the increased facility from Bank of Scotland, and the cash flow generated from operations, the Group is well funded for continued growth.
Cardpoint said that it now operates from a broad and profitable platform and will continue to grow organically and through appropriate acquisitions. The company said that it looks forward to a successful year.
The company said that it has retained its key customers and acquired new ones both organically and via acquisitions. The outsourcing agreement with Securicor Cash Services
Limited will see lower operating costs and greater availability of ATMs to customers, the company said.
Cardpoint said that it has made excellent progress in the year ended 30 September 2003 and has delivered ahead of all business and market expectations.

ICV Edited News from Dow Jones
0918 GMT Nov 20 2003

Results above expectations, added this morning.

Cardpoint PLC
20 November 2003


Press Release 20 November 2003


Cardpoint plc

Preliminary Results for the year ended 30 September 2003

Cardpoint plc, the provider of electronic payment transactions, which owns and
operates 1,900 ATMs and approximately 3,000 mobile phone top-up terminals,
reports its Preliminary Results for the year ended 30 September 2003.

Highlights


- All key financial metrics ahead of market expectations
- Turnover at 12,166,000 up nearly fourfold (2002: 3,104,000)
- EBITDA of 1,296,000 (2002: EBITDA loss 242,000)
- Significant cash inflow from operating activities
- Pre-tax profit, before goodwill of 50,000 (2002: loss of 757,000)
- Acquisition of Green Machine and Securicor Cash Machine Limited for
1.3 million and up to 9.2 million respectively, adding a total of 1,317
ATMs to the estate at acquisition
- Acquisition of PT Distribution for 1.7 million, facilitating Cardpoint's
entry into complementary markets
- Reduced operating costs through an outsourcing agreement with Securicor Cash
Services Limited
- ATMs regularly dispense over 50 million cash per month and the mobile
top-up business distributes airtime value of 7 million per month

Commenting on the Preliminary Results, Mark Mills, Chief Executive Officer,
said: 'Cardpoint has grown substantially in the last year, both organically and
by way of acquisition. This has been reflected in the Results and also is a
measure of the Group's dedication to integrating the new businesses quickly
whilst maintaining the high quality service that our customers have come to
expect.

'Our planned transition from a pure ATM operator to a provider and facilitator
of electronic payment transactions is part of our strategy to diversify our
business and take advantage of synergistic markets that will add to the bottom
line and increase shareholder value. Our most recent acquisition, PT
Distribution, marks the start of this strategy and the Group will continue to
grow organically as well as assess similar businesses to those in our current
portfolio. We look forward to a successful year.'

For further information, please contact:

Enquiries:

Cardpoint plc

Mark Mills, Chief Executive Officer Tel: +44 (0) 1253 785 808
mark.mills@cardpointplc.com www.cardpointplc.com
Evolution Beeson Gregory
Mike Brennan / Henry Turcan Tel: +44 020 7071 4310
henry.turcan@evbg.com www.evbg.com
Media enquiries:

Bankside Tel: +44 (0) 20 7444 4140
Henry Harrison-Topham / Ariane Vacher
henry.ht@bankside.com www.bankside.com


- Ends -

cheers GF.

Excellent detail and posts GF. Thanks for the tip. planning to take a holding in this one and freeing up funds now!