George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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This company was renamed from Progressive Digital Media which was formed out of a reverse takeover of themutual.net The mutual.net started life as a ISP in the late 90's during the .com bubble, most of the ISP's of that time crashed and burnt when the market changed to the fee paid free phone model as opposed to the shared revenue 0345 one. Themutual.net although shifted business model to a cashback site (similar ones today are the likes of Quidco Topcashback although the best fit to their model is Imutual (www.Imutual.co.uk) as both started by offering shares to people who used the site, Imutual still does, themutual.net changed its model when it became too expensive to continue issuing shares. The initial share offerings by themutual.net were for use of the ISP services and this continued in a changed form when it changed business model. After the business languished for a long time getting by on low revenues until Mike Danson started taking an interest in the business largely so he could use it as an established vehicle for his private media business. He achieved this aim in the late 90s and in 2000 the names were changed to Progressive Digital media in 2000. In recent times the legacy businesses of themutual.net have been run down and closed or sold off so that none of that business is left within the recently renamed GlobalData. Today 01 March 2016 GlobalData announced its (and all previous companies involved) first dividend of 2.5p per share. I have bought the shares of themutual.net at less than 1penny and at a few pennies and have made nice profits out of it. The shares were consolidated a couple of years back again to lose some of the legacy of themutual.net which by its business model had to issue millions of shares. Have fun do your research and invest in what you trust.
People should be exiting now. Sell now at a small discount and move on or wait god knows how long for your 360.00 pay out. well done to anyone who held this. Jammy gets
This has not gone through yet and all could change. I've seen these things fall down at the last hurdle, beware of jumping on the bandwagon with no wheels.
Under the terms of the Acquisition, DataCash Shareholders will receive 360 pence in cash for each DataCash Share held at the Scheme Record Time. · The Acquisition values the entire issued and to be issued share capital of DataCash at approximately £333 million and represents: · a premium of 53.8 per cent. to the Closing Price of 234 pence per DataCash Share on 18 August 2010 (being the last Business Day prior to the date of this announcement); and · a premium of 51.6 per cent. to the average Closing Price of 237 pence per DataCash Share for the one month ended on 18 August 2010. · In order to become Effective, the Acquisition must, amongst other things, be approved by the requisite majorities of DataCash Shareholders at the Court Meeting and the DataCash General Meeting.
As a previous holder of 3rd Man I believe Datacash remains a sound longterm hold. Fraud remains a big problem and certainly the takeover of 3rdMan should add to its antifraud capabilities. Any other views ?
Commenting on the results, Ashley Head, Chairman of DataCash said: "DataCash remains in a good position. We have annuity income from a growing base of largely internet merchant accounts. We have a strong balance sheet and cash generation. We have every confidence that we will continue to deliver good growth in revenue, profits and dividends."
Not much interest historically on this board however the results suggest this is well worth a look ! I am a long term holder and the stock has drifted through the downturn. But with positive results now posted this should get above the radar and move upwards again imo.
http://www.advfn.com/p.php?pid=nmona&cb=1252995844&article=39461720&symbol=L%5EDATA
INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2009 The Board of DataCash Group Plc, the payment service provider, is pleased to announce its half yearly results for the six months to 30 June 2009. Overview: * Revenues increased to GBP18.0m (June 2008: GBP12.2m) * Adjusted pre-tax profits*, increased to GBP7.53m (June 2008: GBP6.15m) * Adjusted* earnings per share increased to 5.9p (June 2008: 4.0p) * Cash balances of GBP13.8m (June 2008: GBP19.1m) equivalent to 14.9p per share, after acquisition payments of GBP15.7m for The 3rd Man, ACK, ExperCash and EuroCommerce * Interim dividend increased by 25% to 5.0p (June 2008: 4.0p)
£2.95 when I sold
One of the more boring (yawn) shares Sold all mine to cash in on HBOS.............. If anyone does happen to read this before Xmas have a good one
Datacash FY pretax up on 'high profile' contract wins, sales growth UPDATE (Adds details from statement) LONDON (Thomson Financial) - Datacash Group PLC said full-year pretax profit increased on "high profile" contract wins and strong revenue growth, and added that it looks forward to an interesting and exciting year in 2007. The AIM-listed payment service provider posted pretax profit of 1.6 mln stg for the year to Dec 31 against 45,000 stg, while revenues increased to 16.4 mln stg against 6.1 mln stg. It said it was adversely impacted by the Safe Ports Act in the US, which forced it to withdraw from processing gaming related payments towards the end of the year, and this, it said will impact growth in 2007 but is also providing added impetus to development plans. The board also proposed a 33 pct increase in final dividend to 1 pence a share. It added Proc-Cyber Services Ltd (PCS), which it acquired and is now called DataCash Services Ltd, had an excellent year and contributed significantly to its earnings. It said the non-US related revenues grew strongly throughout 2006, and with additional marketing focus being applied it expects even faster growth from this area in 2007. It added 2007 will be an interesting and exciting year for the group and it is confident of robust and sustainable, cash-generative growth.
still seeing nice linear growth on this since my purchase on 29.3.07. This RNS proves how respected this company has become in OLTP (online transaction processing):- LONDON (Thomson Financial) - Datacash Group PLC said it has been awarded preferred payment service provider status by Lloyds TSB Group PLC. Lloyds TSB will recommend Datacash to its new and existing clients in the gaming, airline, multi-currency and specialist sectors for all online payment processing.
thanks for tip mate, will check out forum.... the sp if i recollect correctly has been sliding some time.... I have a bit to play with so can keep 75% of my money in mid-large caps and funds. So far I've done better out of the likes of Easyjet, Savills and Autonomy than my higher risk punts, but I question the potential upside of these kinds of stocks. Having said that Autonomy is up today by 6 or so percent - to 683 : "Goldman Sachs added the software group to its Conviction Buy List and lifted its target to 800 pence from 640." - from advfn news. TAN and LNG going well too :)
don't know aminex and regal - any advice on oil stocks which are still at the pre-profit stage? How do you know they will come good ? The valuations are based on future earnings rather than current ones. I guess you are looking for multi-baggers so there's always an element of risk involved?
just now bought some DATA - AIM wise duff stocks I hold and wish I didn't are SEO and BYOT. Stocks I like and hold are SOLA, TAN, LNG, TFL, DETS. Mid caps and larger I have are SVS, AU., RB., BP., RIO and AHT. How about you?
like the look of this company. Growth is priced in already but they've bounced since October's plummet to record (?) highs. I implemented online credit card transactions with datacash back in 2001 for my boss's company. If only I'd slapped a few grand on this stock back then..