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.

RETAIL DECISIONS PLC

PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2003

RETAIL DECISIONS ACHIEVES A MAIDEN PROFIT BEFORE TAX OF 2.9m AND GENERATES CASH
FROM OPERATING ACTIVITIES OF 9.0m



> Adjusted operating profit(i) more than doubles to 5.9 million (2002:
2.6m)

> Revenue up 7% to 30.4 million (2002: 28.4 million)

> Operating profit of 3.4m (2002: 8.8m loss)

> Earnings per share moves from a loss of 3.64 pence to earnings of 0.5
pence per share

> Adjusted operating costsi reduced by 5%

> Strong performance from Australian fuel card business

> Sharp rise in transactions screened for fraud by ebitGuard service

> Appointment of Richard Amos as new Finance Director



Carl Clump, Retail Decisions Chief Executive said:


'2003 saw Retail Decisions' third consecutive year of growth in revenues and
adjusted operating profit. Our Australian business has provided us with a
profitable, cash generative platform from which to invest in niche payment
transaction services and the growing fraud prevention market. Our ebitGuard
service is handling a rising number of online transactions and our US business
has turned around strongly.


The current year has started well with trading in line with the Board's
expectations'.

Any idea of a target share price based on the operating profit of 3.4m compared to the Adjusted operating profit of 5.9 million?

look on this thread. I believe it has been mentioned before.

Apple,

Just read the full set of results - my initial opinion is they are a great set of results but contain nothing thats not already priced in. Key points:

Adjusted Operating Profit 5.9m (second half 10% better than first half)
Operating Profit 3.4m

Cash generated 9m

Cash at bank 2.4m

New FD announced

Costs reduced 5%

Turnaround in struggling businesses (ie SA and US)

Ebitguard transactions increased 168%

Good level of new contracts/contract renewals
(new: Paysystems, Register.com and Shop NBC, renewed: Walmart and GSI Commerce)

Positive outlook for 2004 with current trading in line with boards expectations


Generally, I think this is a great set of results for the long term. What reaction we get in the short term i'm not sure, i guess there may be a small mark up and then some profit taking but all imho. Long term can only see onwards and upwards from here

Initial quote has been marked up by .75p, 26p offer vs 26.5p bid

Fundamentalist - my stockwatch and L2 say 25.25 offer, 26 bid - maybe its changed since you posted 2 minutes ago?

Thanks Fundamentalist

washlander I was wondering what effect the difference between these 2 figures would have.

Adjusted Operating Profit 5.9m......With a PE of 20, this should put the share price at around 40 pence, right?

Oh today, and the rest of the week is going to be vey interesting......

looking at the trades, they are all sells
Am I missing something here?
I thought 5.9 million was good news

I see the maximum online dealing size is currently 10,000 shares ie 2500, who says they don't play games eh!

Oh well I'm out.

My stop loss was triggered.

I'll be watching from the sidelines for a while until things settle down.

Good luck all.

These results are very important. RTD has finally made a profit and can only go forward from here.

The share price will slowly, but surely rise over the next 6-12 months. I don't expect any great leaps in price unless something unexpected happens.

RTD will be re-rated and so price up in the medium-term.

Good luck to all
SSM

i have been watching rtd for a while waiting for the results before i act . confused as to why the price would drop when a company posts a cracking set of results . i know the price has risen over the last few months but is there something missing from the results that i cant see? unsure now wheteher to jump in.

Personally I dont think so. There has been a lot of hype prior to these results and a lot of people have been sitting on large paper profits and some are taking them. Remember some people bought in as low as 2.5p and there has been buying from that price upwards. Personally I believe the results statement sets us up for a great year ahead, with continued growth and increasing profits. I expect the price will be volatile for a few days with several dips but with some positive analysts/press statement over the coming week IMHO I expect the price to start to advance again - an RNS with institutional buying would be nice. I sill hold for the long term and will continue to do so but if buying in DYOR

I bought back in on the dip.

& the buyers are coming back :-)

This is pretty normal behaviour for the day of results. Volatility is expected. People selling for profit and people buying for investment. RTD is a good company and has a good structure. This company will be going very far in the coming months now.
Congrats to all RTD holders.

I can't believe my luck, I caught it right at the bottom of the dip.

Perfect timing for a change.

I hope that there isn't another lower dip but hey I'm happy with the price I got.

Could someone who has access to level 2 please have a look and see if MM's are playing around or if trades are coming through ok? On my realtime data (not level 2), it shows there havent been any buys for over an hour and I cant believe that.

Thanks

Javid

Javid

According to posters on ADVFN, games are being played - one guy bought shares and then saw them posted as a sell - sorry don't have access to level 2 myself so can't confirm

also, Daniel Stewart has reiterated BUY and raised target price from 27p to 31p though Oriel have downgraded to HOLD from BUY

thank you fundamentalist. i feel MM's are having a laugh at present. i think we will be back to a good rise once today is over.

javid