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

gf

Good point about a bid, there was rumours a few months back that a few American Banks were taking note of this one. Now up 5% suprised more people on this board havent recognised the magnitude of this deal announced today. It could be really massive.

cheers GF.

Croc

I'm sure that Shares amongst others, and the techie brokers will pick up on this and will bring their clients in when the magnitude of this contract is discussed. I don't think it will take too long before we hear the thunder of the herds hooves.

Back in today myself after selling last August. The calibre of Schlumberger is good but the implications inherent in what is effectively the Inland Revenue and friends trusting information to Datacash's systems is not to be underestimeated, in my view.

Spot on Bones. This is big stuff in my view. Up again today and looking strong. Think we will get broker upgrades now on this one.

cheers GF.

todays shares has a review of their 2003 picks today - their new view is still buy,"we were disappointed with the shares un tilthe company this week announced a massive deal with the government....expect 3p-4p eps this year"....buying at the open today me....

RNS Number:2416U
Datacash Group PLC
15 January 2004


DataCash Group Plc ('DataCash' or 'the Company')
PRE-CLOSE TRADING UPDATE


The Directors of DataCash Group Plc, the AIM listed payments service provider,
are pleased to announce a pre-close trading statement for the year ended 31
December 2003.


* This has been a good year for DataCash. The Group achieved
pre-tax (pre-goodwill amortisation) profits for 2003 in excess of 700,000
compared to a 2002 loss of 391,000. Year-end cash balances more than doubled
from the 666,000 at December 31st 2002.


* Transaction growth was impressive, particularly in the fourth
quarter, reflecting a number of new contracts with high street retailers and the
general growth in on-line retailing.


* Statistics from the Interactive Media in Retail Group (IMRG)
suggest on-line retailing is growing at an annual rate of 44% compared with an
increase of just 0.6% in traditional retailing.


* DataCash customers have seen transaction growth in excess of
those statistics and the Company is now processing payments with a monthly value
of more than 200m on behalf of its clients.


* DataCash believes that there should be continued growth in 2004
helped by a variety of factors including the improved quality of retail
websites, the growing acceptability of the convenience, security and reliability
of on-line purchasing together with the growing penetration of Broadband
services.


* DataCash is well positioned to benefit from the growth in
on-line trading and has achieved the notable success of being the first UK
Payment Service Provider to process a 3D-Secure transaction (3D-Secure is the
protocol promoted by both MasterCard and Visa to mirror the High Street's Chip
and PIN initiative)


* As reported in the interim statement, the Company is progressing
opportunities in the 'cardholder present' high street retail market. All
retailers with physical stores (rather than on-line retailers) are reviewing
their payment processing requirements as a result of the bank mandated
introduction of Chip and PIN in January 2005.


* There was no revenue for DataCash from card holder present
transactions in 2003 and it is unlikely to make a material contribution in 2004.
However, it is exploring a number of opportunities that could provide
significant additional revenues and profits from the high street in the medium
term.


* The DataCash infrastructure is capable of handling far greater
volumes of transactions with only a modest increase in overheads. Capturing more
business to exploit this capacity presents opportunities for future growth in
2004. The Directors look forward to the challenge with confidence.


* The Company expect to report final figures towards the end of March.


* * ENDS * *


Issued on behalf of DataCash Group Plc by St Brides Media & Finance Ltd, 46
Bedford Row, London WC1R 4LR.

Contacts:

David Bailey DataCash Tel: 0870 7274760
Cliff Feltham/Isabel Crossley St Brides Tel: 020 72424477


Note to editors:

* DataCash provides the electronic services, by which merchants
can accept, authorise and settle transactions made by a variety of financial
instruments such as cards and direct debts.

* The Company has been listed on AIM since 1996 and last June
changed its name from Auxinet plc to DataCash Group plc to reflect the fact that
it is now purely focused on payments processing.


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

I notice on my credit card statement that the MoneyAM sub is referenced "Datacash Ltd".

Just gets better doesnt it guys, must be one of the hottest small caps about on the market at the moment. Looks like mega growth to come.

cheers GF.

Some more information on this big gateway deal.

http://www.creditman.biz/uk/members/news-view.asp?newsviewID=2797&id=1&mylocation=News&chksrc=NNow4251

About Government Gateway

The Government Gateway allows government organisations and electronic business users and citizens to communicate with each other using a common, consistent mechanism. The Gateway infrastructure also enables government departments and organisations to communicate between themselves - so a central government department, for example, could use the Gateway to securely route transactions to a local authority


The Gateway facilitates joined-up working between all stakeholders and acts as an intelligent hub; providing authentication services, verifying the integrity and validity of submitted transactions from citizens and businesses and routing them to and from appropriate government departments and organisations.


The potential user community consists of tens of millions of citizens, agents and businesses. The number of national, regional and local government organisations is estimated to be in excess of 1,000.



For more information, visit http://www.gateway.gov.uk

cheers GF.

GF

Do you think this is first step to paying Pensions, giros, childrens allowance, parking fines, military salaries, local and civil servants pay, council rents ............etc etc etc......direct to bank accounts? That would add bn's to transaction flows PER WEEK!!!!!!!!!!! ON CURRENT BASE OF 50m

I've got to buy more!

Dunskey, most certainly and thats why I keep pointing out this deal is massive.
A lot of investors and analysts I have to say, just havent caught on yet what this means but they will.

cheers GF.

GF,I like you am convinced but wonder how long a 28m market cap can survive surely one of the big players in this market will whip them off the table for 50-100m.

Have the company given any indication of how they see the revenue build up from this contract? Can you tell me what city analysts cover this stock.

ps bt more!

HI..noticed trading prices on AM streaming screen keep showing deals at for instance 54p not 64p etc that is shown as being mid price...Any reasond for that?

Bombed today this one and still a lot more to come.

cheers GF.

Still moving upwards fantistic rise over the last few days. 'Loads a money'

cheers Gf.

1 million shares traded today. Hopefully, the activity will get them noticed a bit more. I hope to see consolidation at these higher levels.

Bones, were both rolling in the dosh and theres more to come.

cheers GF.

ps, shows patience pays off in this business.

I note that Investors Chronicle give a highlighted section to Datacash this week and that is before they will have had time to digest the pre-close trading statement.The good news since the turn of the year should insure that Datacash is significantly re-rated by the year end.