I got into Cardpoint at 1.11, they are now mid 40's.
Is it time to take the profit or are they going higher in the next two months??

any views?

Well that dip of yesterday didn't last long, mm's had to try something to get shares but using the Scot Todd warning was never really going to work as long as you know what you are holding, especially after the recent trading statement.

Gallick, Numis had a buy recommendation and 1.75 target price but that was before the recent statement. I reckon an eps of 20p for next year is on the cards putting this on a future single figure p/e, which is a nonesense when you look at the growth. Seriously undervalued and a re-rating an inevitability imo.

capa

this may be one of the reasons for a pause for thought earlier. Somebody remind me when the price gets to 225p

I wish I could earn at the rate these directors think they are entitled to.


*******************************


Cardpoint PLC
26 January 2005


Cardpoint plc (the 'Company')

Grant of Options to Directors


Cardpoint plc granted the following options to subscribe for ordinary shares of
5p each in the Company ('Options') for nil consideration to certain directors of
the Company on 21 January 2005:

Director No. of Options Exercise Price Exercise Period

Mark Mills 175,000* 5p 21/01/08 - 21/01/15
Chris Hanson 150,000* 5p 21/01/08 - 21/01/15
Robin Gregson 125,000* 5p 21/01/08 - 21/01/15
Robin Gregson 250,000 5p 21/01/08 - 21/01/15

In addition to the above Options, Mark Mills and Chris Hanson already hold
options over 1,983,333# and 300,000 ordinary shares respectively.

* These Options have been granted subject to the satisfaction of performance
criteria as specified by the remuneration committee.

# This figure includes a right to subscribe for
*************** 1,000,000 ****************** ordinary shares at the
price of 5 pence per share ('Ordinary Shares') in the circumstances where the
Ordinary Shares are trading at a price in excess of 2.50 per share for a
specific period.

*********************************************

now tree shaking is over hopefully a quick push above 150p is due short term - just need a few positive days in the market but its coming - then on and up from there.

The buys will start to come in, its just a matter of patience.

cheers GF.

Added on the spike down. Those selling look rattled by Scott Tods profit warning earlier in the week , but this one as its sites in total y different locations.

We already have had a trading update which was very positive. Sellers must be mad.

cheers GF.

If you read the TA from Scott Tod's recently, the "oh and by the way" at the bottom of the report refers to delays in implementation and deal-signing - both classic causes of SP fall-out.

So, was the stuff about N/wide and government not liking charging for ATM's a little bit of a headline red-herring, I wonder, to distract us from weak management.

I don't like to pay 1.5-5% to take my own cash out - but the banks and Link would certainly charge you as much one way or another to cover the overhead costs of having wider ATM (or branch - remember them) coverage.

CASH is evidently a better run company with better sites and better achievemment by management all round - so let's buy on knee-jerk dips, say I.

I think the degree of price drop in SCD was over reaction. If I had caught announcement I would have sold, hoping to buy again. The price of SCD is starting to recover. I wonder if some clever money switched from Cash to SCD. If so wait for switch back.

I hold both SCD and Cash.

As far as charges on transactions are concerned, would the banks or government be able to do it more conveniently and/or cheaper. I think the charges are here to stay.

I object to 20% spreads etc. I occasionally have to put up with them in hope of making a buck.

Patience please , trade it and you'll get stuffed ... buy and hold imo.

Beginning to think a tip sheet analyst as blindly put out bad news on this on the back of Scott Tod statement. Still it provides me with the chance to top up yet again.

cheers GF.

IC has mentioned CASH today following trading statement.

Still a buy. Thought it might be !!

capa

Good day today, should see a steady climb hopefully from now on.

capa

I'm still with you capa , often takes a while for good news to be reflected in the price.

I'm in no rush.

Agreed Dil, well done on your bet on Wales by the way.

The weekend rugby was disappointing though don't you think, the French and Irish especially so, wide open this year based upon those three games.

capa

Techinvest has Cardpoint as a hold after tipping it at the New Year. They generally get it right.

Cheers Fred.

Just read the ADVFN thread capa , a few names I recognize with good track records have joined the party over the last few weeks , gives me added confidence.

Onwards and upwards.

Was tempred to get out quickly about 2 weeks back when all that negative tripe over ATMs were doing the rounds. Glad I stayed in now.

cheers GF.

Dil.

Just read the thread, I see what you mean, nice to be in before them for a change :-)

capa

Patience GF , no hurry.

Yeah feels good capa.

Pretty mealy-mouthed response to what I took to be good AGM statement - but hardly a flicker of interest in the SP which fell 2.5p. Anticipation all in the price, falling on actual results again.

Interesting to note that Comdirect marked the offer price up by 2 or 3P at closing, presumably to protedct against cheap buyers tomoroow morning - so maybe MMs expect some buying interest tomorrow, but would rather have sellers to collect a bit more stock.

Anyway, they seem to know what they are doing and governmental issues do not seem to be affecting results, but I suspect they do weigh a little heavy on the SP. Here's to further progress up to the full year in September.

SD

Information about CASH.

Think the results were good but hammered due to adverse publicity about ATMS in press and TV about charges. I can't see the charges going down as they are providing a "necessary service". The Institution seem of similar opinion and mopping them up. On a 2005 forescast EPS of 12.8p PEG .27 Turnover up 200% profit 8 million against -3.06 million (last year) Put a reasonable PE of 20 for this growth company SP I think be well over 150p probably 200p.

Could be wrong,DYOH.

+++++++++++++++++++++++++++++++++++++++++++



Cardpoint confident in prospects as HBOS machines profits exceed expectations
AFX






LONDON (AFX) - Cardpoint PLC said it is confident in its prospects as the migration and integration of the 816 Cash Machines acquired from HBOS in June 2004 generate higher levels of gross profit than originally forecast.

The directors said they remain confident that the year end forecast of 250 migrated charging machines will be met. This will provide a strong platform for 2006 which the directors expect to show the full benefit of the acquisition.

At today's AGM, the company said it will tell shareholders of higher than anticipated retention rates on the migrated Cash Machines and a higher average withdrawal charge. It said it will pay no more than 50 mln stg for the HBOS, considerably less than the original estimate of 76.6 mln stg.

Cardpoint also noted signs of early growth in the German business in line with expectations.

Cardpoint said there have been some delays in the migration process due to contractual and operational issues which have been outside of the company's control.

Whilst the temporary delay in the migration process is disappointing, it does not affect the potential number of machines to be migrated, the group stressed.

In summary, due to the combination of the stronger than anticipated operating performance of those machines already migrated and the schedule for migration to charging of ATMs for the remainder of 2005, the directors said they remain cautiously optimistic for the current year and confident that the full benefits of the acquisition will be demonstrated in 2006.





Cardpoint plc ('the Company')

Substantial shareholder


The Company was informed on 7 March 2005 that, Artemis Investment Management Limited and certain of its subsidiary companies have a notifiable interest in 4,442,848 ordinary shares of 5p each ('Ordinary Shares') in the Company. These Ordinary Shares represent approximately 7.31 per cent. of the issued ordinary share capital. The beneficial owner of the above interest is Artemis Special
Situations Fund.

10 March 2005



This information is provided by RNS
The company news service from the London Stock Exchange

Cardpoint plc ('the Company')

Substantial shareholder



The Company was informed on 1 March 2005 by Morgan Stanley Securities Limited('MSSL'), that pursuant to a purchase of ordinary shares of 5p each in the Company ('Ordinary Shares') on 25 February 2005, MSSL now has a notifiable interest in 3,390,000 Ordinary Shares, representing approximately 5.58 per cent. of the issued ordinary share capital of the Company.


1 March 2005