Excelent looking chart a breakout now occuring after 2 months of consolidation.

gf

Datacash AGM posponed
The reason appears to be they are buying a company to build on their existing strengths - whether this will be obvious to shareholders I don't know, but they have done well so far and maybe - just maybe, this is a smart move (also into web-based payment) - certainly there is a ned for honest-brokers over web-payment...so why not DataCash?
The recent drop in SP is no more that the US interest-rate effect that has affected most UK stocks.

Maybe in a few years we shall see a major bank bid for DataCash. That would be nice.

Things went Ok and the S.African business seems to have added value....but the problem of early Oct06 is that the Co has some American gambing involvement - I thought that was zero...seems it's about 1/3rd which is way too high to avoid the draught from the PartyPoker fallout (US laws clampdown).
I bought a while ago so will leave well alone, but this price c1.30 may be the new (lower) level until the Market see real turnover replacemnt.
A move away frrom horse-racing would be A Good Thing IMHO. I fear any Gambling doesn't really sit well with a serious business of this size.

;Default;Price;HisDate&SV=0">

sorry

LONDON (Thomson Financial) - Datacash Group PLC said it has completed the purchase of EuroCommerce Call Centre Solutions Ltd, a Dublin-based payment service provider focused on the airline and travel sectors.

The AIM-listed payment service provider said the acquisition is being funded from existing cash resources and the final price will be between 4.2 mln eur and 8.7 mln eur depending on meeting earn-out criteria.

The company also said it has lent 4 mln eur to EuroCommerce to enable it to repay a debt of that amount owing to one of the sellers.