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.

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

expect a rise shortly, the MM's have no stock left!!!

what did I tell ya!!

Robbie Burns

For latest page press CTRL and F5 together

http://www.frequenttrader.info/p2.html

From elsewhere, Crazi a supporter and reliable poster on RTD who has also posted often on this site. (Hope this is OK Crazi if you are reading).

) Excellent cash in hand...
2) EPS growth expectation already matched expected ended 04 target by house broker....
3) Market growing impressively and even clumpy is very optimistic about it. It is end user base I am more interested in but new and extended contracts do no harm either....
4) Turnover going "straight" to the bottom line...
5) Tech investment beginning again this year and the ftse growing from strength to strength will ensure that investment capital is available. RTD was dragged down with tech and so will be boosted by tech..
6) Buy recomendations from multiple brokers
7) press coverage very positive sentiment
8) Management not interested in any bids
9) All divisions now cash positive

and clumpies last words..:)

"Growth expected to continue in '04"

Considering the growth they proved in 03....that is a nice statement...:)

"Revenues at our smaller South African division also grew during the year. We
anticipate a contribution to Group profitability in the current year, helped by
important new contracts secured in January 2004."

"We will continue to grow the proportion of Group revenues generated on a per transaction basis. Our flagship ebitGuard service is expected to make an increasing contribution as worldwide online sales continue to grow strongly. ReD's proprietary neural technology is also being adopted by a growing number of companies"

New wins included Paysystems in Canada, Register.com and ShopNBC in the USA. In
addition we have renewed agreements with Walmart.com and GSI Commerce. In
Europe we won business with euroConex and Streamline Merchant Services, Europe's largest acquirer of credit and debit card transactions. In January 2004 ReD signed its first continental European agreement to supply ebitGuard toPago eTransaction Services GmbH, one of the largest pan-European aggregators of e-payment transaction services.

Today disapointing but not surprising here's to all the tomorows xfinger D. :o))

Results look good to me, significantly better than analysts expectations. I thought 5.5m would be good, however 5.9m and plenty of bullish confidence for the future from CC is about as good as it could realistically get. A drop was expected (lots of people have made a good wedge and treated results day as a good time to realise some profit) but we're actually up .25p on Friday's close, so in my view the price has held up well. When the all sellers have the cash in their pockets, buying strength still suggests that the price is going to shift upwards and it could take us all by surprise e.g. this Friday afternoon is a perfect time for this to happen.

I've been a bit busy today so haven't managed to track the price too much, though there hasn't been the oft. seen manic upward and downward swings caused by excessive day trading. It's almost as though the MMs are deliberately keeping the price at a low level to allow some hefty institutional buying in the background.

Further media coverage will help to propel us in the 30's, does anyone know if the results being this morning means that we've missed the Investor's Chronicle and Shares Mag this week ?

All the best folks,

Let's see if we get a steady rise tomorrow with no fireworks.

OG

thought results were very good also.

Pity RTD did not send the RNS with all these contracts mentioned above. I dont think the city has taken any account of this. When u look at any share announcing a contract, theres always a bit of an upward swing in price.

never thought we would see this price again b/s 1:11 :o((

i must admit i knew we would have some up & down movement but wasnt expecting this low. however, it could still be MM's playing around. we may see some buys come in later today.

javid

its a joke!

the MMs and companies like Collins Stewart should be wiped out. Where is the useless FSA. They are so useless and toothless, they should be scrapped too. The whole country is corrupt. We are just a diluted version of communist Russia

2 March 2004

Retail Decisions


Thank the Lord for fraud. While criminal misuse of credit cards is a headache for retailers and shoppers alike, it provides Retail Decisions with its daily bread. As payment by plastic continues to spread, so does the need for the type of fraud prevention software that the company provides. Having disappointed over the last couple of years, RD delighted investors with a strong surge in profitability in 2003.

RDs first real profit was driven both by cost cutting and a sharp improvement in performance by two of its businesses. Its Australian division, the largest contributor of earnings, stormed ahead. The fuel card business was boosted by the higher oil prices resulting from the Iraq conflict. The US operations picked up thanks to a boom in e-commerce.

A major challenge for RD over the coming years is the advance of chip and pin technology, which requires those paying in person with a credit card to enter a secret code to verify their identity. This promises to cut fraud significantly on such transactions. For this reason, RD is stressing the opportunities in card not present situations, such as payment over the telephone or Internet. House stockbroker Daniel Stewart expects EPS this year of 1.06p.

IC view:

Having risen tenfold in the last year, RDs shares may now tread water for a time. The prospective PE of 23 looks about right. Fairly priced.

Its interesting depending on which analyst or web site you look at they are using the different EPS and there appears to be no consensus. Here they are using the basic EPS this year of 0.5p and a forward estimate of 1.06p for next year giving a current PE of 47 and a forward PE of 23 (nice growth). If you look on ft.com at the consensus and actual figures there they are using the adjusted EPS of 1.4p per share (no f/c yet) which gives a current EPS of 16.8. The f/c EPS on this basis is likely to be about 2.2p giving a forward PE of 10.6 - so which profit to use for PE ratio?

As i mentioned in an earlier post, the accounting for ammortisation/ exceptionals/ interest make a large impact on a company like RTDs profits and hence how they are valued. What we do know is that the interest charge of 0.5m is going to be a lot lower this year if not zero as they are currently cash positive. They will have to continue to write off the ammortisation costs over the next few years though all other exceptional costs should now be written off. Costs have been reduced so more of any additional revenue is now going straight to the bottom line.

In the short term the valuation after ammortisation etc may hold the share price back but for the long term the prospects look as good if not better than ever IMHO. The ammortisation costs will have less of an impact in percentage terms as the profits continue to grow until they are all written off.

RTD are still operating in a market which is growing at an exceptional rate and can only continue to do so (EBITguard transactions up 168%) and within the results confirmation of renewed and new contracts was good.

All IMHO and DYOR if buying in but I am still holding for the long term

Fundamentalist - What do you see this stock at in 6 months? 1 year? 2 years?

Like yourself I have decided to stay in RTD for the next 1 to 2 years.

Any speculative prices? Got in a 9 pence, hoping to get out around 100 - 150 pence.

Is this just a fantasy, or is there real hope of this coming true?