i hold these ones i had a target of 10 form some broker rec do not rember from where but held them 6 mths a long time ,moving nicely ,
any holders

BIG PICTURE: Planet Payment playing its cards right

By John Harrington

January 09 2014, 11:11am



Barring a post-Armageddon scenario, consumers are not likely to go back to using cash as their sole means of payment.

Shares in Planet Payment (LON:PPT, NASDAQ:PLPM) have been rising steadily in 2014, suggesting the market has recognised a leveraged play on global recovery.

It would be fair to say that a prolonged period of belt-tightening across the globe in the wake of the credit crunch threw a few hurdles in the way of the international payments and transactions processing company’s growth plans.

The company charges a fee for every transaction, so is dependent on the number of transactions it handles and the sales value of those transactions. If, as widely predicted, 2014 is to be a year when consumer confidence returns with a vengeance then Planet Payment is well-placed to benefit from that rebound.

Better still, it won’t have to do much to profit from the growth in the top line; the company has the platform in place already and so most of the increased revenue gushes down to the bottom line.

That model leaves the company free to concentrate its firepower on adding more merchant locations to its customer base, with a particular emphasis on emerging markets and day-to-day transactions, rather than the potentially more volatile multi-currency processing side of the business, where big ticket items tend to be the order of the day.

So, rather than relying so much on punters ordering a new fridge from Germany or an electric guitar from the US, the company plans to round out its business by seeking to grab a larger slice of the consumer staples end of the market.

With emerging markets moving from cash economies to card-based economies, the force is with Planet Payment in this respect.

Two of the big areas of interest for the company are Brazil and Mexico.

In the former, the company has hooked up with Cielo, the leader in electronic payment processing in Latin America.

Tourists visiting Brazil, which is hosting the next Olympic Games and World Cup, will now be able to use Planet Payment’s currency processing system to pay in their home currency through Cielo’s network of 1.3mln merchants.

In Mexico, the company is a vital player in an alliance between pre-paid airtime specialist Blue Label Telecoms, credit & debit cards leader Visa and bakery goods giant Grupo Bimbo.

Planet Payment will be providing and operating the processing platform that enables merchants in Mexico to accept, process and reconcile card payments.

The inclusion of a bakery group in the triumvirate gives an insight into the sort of partners Planet Payment is targeting.

There are more than 700,000 small merchants across Mexico that take Grupo Bimbo merchandise, and it is a brand that is well-trusted by the corner shops and independent traders.

For a £100mln valued company, Planet Payment has some heavy hitters among its clientele, and the listing on NASDAQ just over a year ago won’t have done its profile any harm.

Costs associated with the NASDAQ listing meant the company dipped into the red in 2012, but should be back in the black when 2013’s numbers are totted up. The company’s guidance is for adjusted underlying earnings (EBITDA) to be in the region of US$5.4mln to US$7.4mln.

Barring a post-Armageddon scenario, consumers are not likely to go back to using cash as their sole means of payment once they have enjoyed the convenience of using their flexible friend and, in any case, the tremendous growth in online shopping makes an increase in electronic payments inevitable.

Planet Payment’s position at the forefront of the transactions processing business should see it thrive in such an environment.

up 8%

up 12%

Going well today.

Trading Update

RNS


RNS Number : 9345A

Planet Payment Inc.

26 February 2014








Planet Payment Announces Preliminary Results for the

Year Ended December 31, 2013



Planet Payment, Inc. (NASDAQ:PLPM) (LSE:PPT), a leading provider of international payment and transaction processing and multi-currency processing services today announced certain preliminary results for its fiscal year ended December 31, 2013.



The Company is providing the following preliminary ranges of certain of the financial results of the year ended December 31, 2013, which are subject to completion of the preparation and audit of its financial statements.



· Net revenue of $46.3 million to $46.7 million (2012: $43.6 million)

· Net (loss) income of $(0.5) million to $0.0 million (2012: net loss ($4.5 million))

· Adjusted EBITDA $3.7 million to $4.2 million (2012: $2.4 million) (See Table 1 and 2 for reconciliation of preliminary 2013 and actual 2012 net (loss) income to Adjusted EBITDA)

· Cash balance as of December 31, 2013 was approximately $6.5 million (2012: $6.0 million)



The Company will provide full results for the year ended December 31, 2013 during the investor conference call that it intends to host on March 6, 2014. Further details will be forthcoming.



Conference Call

The Company hosted a conference call to discuss these updates on 25 February 2014 at 5:00 pm New York time. The call was webcast live from the Company's investor relations website at http://ir.planetpayment.com/. The conference call can also be accessed live over the phone by dialing (877) 705-6003, or for international callers (201) 493-6725. A replay is available and can be accessed on the Company's website or by dialing(877) 870-5176, or for international callers (858) 384-5517, and entering the conference ID 13575868. The replay will be available until the Company's full year and fourth quarter 2013 earnings call on the Company's website or via telephone until Thursday, March 6, 2014.





Notice Regarding Forward-Looking Statements.



Information contained in this announcement may include 'forward-looking statements'. All statements other than statements of historical facts included herein, including, without limitation, those set forth in "Preliminary Unaudited Results for the Year ended December 31, 2013" and those regarding the financial position, business strategy, plans, trends, and objectives of management for future operations of both Planet Payment and its business partners, financial growth, estimated net revenue, net income (loss) and Adjusted EBITDA are forward-looking statements. Such forward-looking statements are based on a number of assumptions regarding Planet Payment's present and future business strategies, and the environment in which Planet Payment expects to operate in future, which assumptions may or may not be fulfilled in practice. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors, including the risk that implementation, adoption and offering of service by processors, acquirers, merchants and others may take longer than anticipated, or may not occur at all, regulatory changes and changes in card association regulations and practices, changes in domestic and international economic conditions and changes in volume of international travel and commerce and others. Additional risks may arise, with respect to commencing operations in new countries and regions, of which Planet Payment is not fully aware at this time. See the Company's last Quarterly Report on Form 10-Q, filed at www.sec.gov for other risk factors which investors should consider. These forward-looking statements speak only as to the date of this announcement and cannot be relied upon as a guide to future performance. Planet Payment expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any changes in its expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.



About Planet Payment



Planet Payment is a leading provider of international payment and transaction processing and multi-currency processing services. We provide our services in 22 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe, primarily through our more than 60 acquiring bank and processor customers. Our point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with our ATM services are integrated within the payment card transaction flow enabling our acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels.



Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong Kong, Mexico City, Shanghai and Singapore. Visit www.planetpayment.com for more information about the Company and its services. For up-to-date information follow Planet Payment on Twitter at @PlanetPayment or join Planet Payment's Facebook page.

Planet Payment moves into the black

By John Harrington

March 07 2014, 9:46am
Planet Payment is looking forward to this year's World Cup in Brazil, having hooked up with Cielo, the leader in electronic payment processing in Latin America, back in November 2012.



Electronic payment and transaction processing firm Planet Payment (NASDAQ:PLPM, LON:PPT) edged back into the black in 2013.

Having advised the market late in February that it expected to break even or register a small post-tax loss for 2013, the company posted a small profit of US$22,006, versus of loss of US$4.45mln in 2012.

Net revenue was up to US$46.6mln in 2013 from US$43.6mln in 2012, while adjusted underlying earnings (EBITDA) advanced to US$4.2mln from US$2.4mln the year before.

The fourth quarter saw the company make a post-tax profit of US$0.2mln versus a loss of US$0.1mln a year earlier on revenue that rose to US$12.2mln from US$11.9mln. Adjusted EBITDA hardened to US$1.3mln from US$0.9mln in the previous year’s final quarter.

One of the key metrics for the company is the number of total active merchant locations, and this rose by almost a half in 2013 to 61,000 from around 41,000 in 2012.

Consolidated gross billings, another key indicator, is also heading in the right direction, rising to US$123.8mln in 2013 from US$117.9mln in 2012, while the total settled dollar volume processed surged to US$7,054mln from US$6,114mln.

"I believe our achievements in 2013, that are in various stages of implementation and roll-out, will validate that Planet Payment is on the right path,” said Carl Williams, who was recently appointed chief executive officer (CEO) of the company as it split the CEO and chairman roles, with Philip Beck remaining as chairman.

Shares in Planet Payment were down 3p to 207p in early trading but remain up by a third year-to-date.

Planet Payment on the way to ‘strong growth’

By Jamie Nimmo

March 10 2014, 1:00pm
Canaccord thinks this could be just the beginning for revenues and repeats its ‘buy’ recommendation and 225p target price
Canaccord thinks this could be just the beginning for revenues and repeats its ‘buy’ recommendation and 225p target price


Electronic payment processing firm Planet Payment (LON:PPT, NASDAQ:PLPM) is embarking on the path to strong growth.

That’s the view of City outfit Canaccord Genuity, which is upbeat on the company’s prospects following last week’s annual results.

Having advised the market late in February that it expected to break even or register a small post-tax loss for 2013, the company posted a small profit of US$22,006, versus of loss of US$4.45mln in 2012.

Net revenue was up to US$46.6mln in 2013 from US$43.6mln in 2012, while adjusted underlying earnings (EBITDA) advanced to US$4.2mln from US$2.4mln the year before.

But Canaccord thinks this could be just the beginning for revenues and repeats its ‘buy’ recommendation and 225p target price.

“We continue to believe Planet Payment has a unique position in the payment ecosystem due to its feature rich technology platform and subject matter vertical expertise,” said analyst Bob Liao.

“The key objective is to execute quickly and efficiently on its extensive pipeline of opportunities.”

Instilling a ‘sales-first’ focus in the company is top of the agenda, he explains, reducing the time taken to implement and launch a solution.

Planet Payment launches in Brazil as World Cup fever builds

By Philip Whiterow

March 27 2014, 8:04am
Cielo, one top names in electronic payment across Latin America, is Planet Payment's partner in Brazil.
Cielo, one top names in electronic payment across Latin America, is Planet Payment's partner in Brazil.


Planet Payment (LON:PPT) has launched its pay in your currency electronic payment service in Brazil and will roll it out it to be ready for the football World Cup.

The PYC service, which will allow visitors to pay on Mastercard or Visa, supports approximately 100 currencies while merchants will receive settlement and reporting in the Brazilian Real (BRL).

Cielo, one top names in electronic payment across Latin America, is Planet Payment's partner in Brazil.

Dilson Ribeiro, business development vice president at Cielo. said: "It is increasingly important for our merchant customers to be able to differentiate themselves to the expected increase of international travellers to Brazil, especially considering the impending World Cup.”

Drew Soinski, Planet Payment’s managing director - Americas, added: "Planet Payment and Cielo have been hard at work behind the scenes preparing for this day.

“Partnering with an industry leader like Cielo is one thing - seeing the impact that PYC will have on its merchants is icing on the cake.“

“This is an exciting time for tourism in Brazil, and we are happy to have a hand in helping Brazilian merchants prepare.”

Cancellation of AIM Admission

RNS


RNS Number : 1593L

Planet Payment Inc.

02 July 2014






Planet Payment, Inc. Announces Cancellation of AIM Admission; Maintains NASDAQ Listing



Planet Payment, Inc. (NASDAQ:PLPM) (LSE:AIM:PPT), a leading provider of international payment and transaction processing and multi-currency processing services, today announces that it intends to cancel the admission of its common shares (the "Shares") to trading on the AIM Market ("AIM") of the London Stock Exchange plc (the "Cancellation" or "De-listing"). It is anticipated that the Cancellation will become effective at 7.00am BST on Monday, 18 August, 2014. Shareholders should therefore note that Friday 15 August 2014 will be the last day of dealings in Shares on AIM.



Planet Payment will maintain its listing on the NASDAQ Market ("NASDAQ"), which accounts for the bulk of the trading in its Shares, and is facilitating a conversion of the Depository Interest ("DI") arrangement established by Computershare Investor Services Plc ("Computershare") to CREST Depository Interests ("CDI's"), which will enable settlement via the US stock processing system. The new CDI's will maintain the same ISIN (USU726031185) as the existing Shares.



Shareholders do not need to take any action at this time. U.K. brokers who have settlement arrangements with U.S. based brokers may choose to transfer the Shares into the U.S. DTCC settlement system. If no action is taken then, following the De-listing, Shareholders will receive CDI's, which will be held through CREST in a similar manner to the way the DI's are held today.



In accordance with the guidance notes to AIM Rule 41, shareholder consent in a general meeting of the Company, which would otherwise be required pursuant to AIM Rule 41, will not be required as the Company is maintaining its listing on NASDAQ, being an AIM Designated Market as defined in the AIM Rules for Companies.



Reasons for the De-listing



In arriving at the decision to de-list from AIM, the Directors of Planet Payment have taken the following matters into account:



(i) the relative inactivity, in terms of share trading volume, of the Shares on AIM compared to that on NASDAQ;



(ii) the removal of the ongoing costs associated with the Company's continuing compliance with the AIM Rules and maintaining the quotation; and



(iii) the Company's securities will continue to be traded on NASDAQ.



Planet Payment was admitted to AIM in March 2006 and obtained a listing on NASDAQ in December 2012. Since being listed on NASDAQ, the Company's stock has experienced significantly higher liquidity in the US market compared with AIM. This is based on data provided by NASDAQ and AIM with respect to the average daily volume of Shares traded and the total volume of Shares traded. As at May 31st, 2014 more than 85% of the outstanding Shares are held on the U.S. stock register.



For these reasons, the Directors of Planet Payment believe that the burden of maintaining the AIM quotation outweighs the benefits that the Company receives from its admission to trading on AIM. The Directors also believe that the De-listing will not interfere with, or inhibit, the Company's business. The Board has therefore concluded that it is in the best interests of the Company and its shareholders to cancel its admission to AIM and maintain the listing of its securities on NASDAQ, to enable all shareholders to continue to trade their Shares in the future.



The Company has made arrangements for CREST CDI's with the same ISIN as the existing DI's, to be issued to those holders of DI's on the date of the Cancellation in order to minimize any disruption or confusion arising out of the Cancellation.



Effect of the De-listing



The principal effects of the De-listing will be:



· The Shares will no longer be traded on AIM

· The Company's Depositary Interest facility will be cancelled but each DI will be replaced by a CREST CDI having the same ISIN (USU726031185)

· The Company will no longer be required to comply with the AIM Rules or any of the corporate governance requirements for companies trading on AIM

· Canaccord Genuity will cease to be the nominated advisor and broker to the Company

· The Company will maintain its listing on NASDAQ, where its Shares will continue to be traded, and it will continue to comply with all the obligations of NASDAQ and the Securities and Exchange Commission rules in the US including their respective corporate governance requirements.

· The Shares will remain freely transferable following the De-listing

· Prior to 15 August 2014, shareholders may continue to have their underlying Shares deposited into the U.S. stock processing system, the Depository Trust & Clearing Corporation ("DTCC"), by having their brokers contact the U.K.-based Global Transaction Unit of Computershare at +44 (0)870 889 3120.

· If Shareholders take no action their DI's will be cancelled as at close of business on 15 August 2014 and they will then receive CDI's in respect of their underlying holdings of Shares. If they then wish to trade their Shares on NASDAQ their broker will need to liaise with CREST to transfer the Shares to a U.S. broker via the DTCC System.



De-Listing Timetable:



· 15 August 2014 - Last day of trading on AIM

· 18 August 2014 - Cancellation of admission of the Company's Shares to trading on AIM

· 18 August 2014 - Conversion of DI's to CDI's



Shareholders wishing to ask further questions about this process should contact Computershare at +44 870 702 0003 or the Company's General Counsel and Corporate Secretary, Graham Arad, on +1 516 670 3200. FAQ's regarding this process are posted on the Company's website at www.planetpayment.com.



About Planet Payment



Planet Payment (NASDAQ:PLPM) (LSE:AIM: PPT) is a leading provider of international payment and transaction processing and multi-currency processing services. Planet Payment provides services in more than 20 countries and territories across the Asia Pacific region, North America, South America, the Middle East, Africa and Europe, primarily through our more than 60 acquiring bank and processor customers. The Company's point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with ATM services, are integrated within the payment card transaction flow enabling acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels.

Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong Kong, Mexico City, Shanghai and Singapore. Visit www.planetpayment.comfor more information about the Company and its services. For up-to-date information follow Planet Payment on Twitter at @PlanetPayment or join Planet Payment's Facebook page.