SUPERB RESULTS

REG - Optimal Payments PLC - Interim Results19 Sep 2012 - 07:01

For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20120919:nRSS5828Ma RNS Number : 5828M Optimal Payments PLC 19 September 2012 Optimal Payments Plc Interim Results for the six months ended 30 June 2012 Strong first half growth, on track to exceed full year market expectations Optimal Payments Plc (LSE: OPAY) ("Optimal Payments", the "Group" or the "Company"), a leading online payments provider, today announces its results for the six months ended 30 June 2012. Highlights · EBITDA(1) up 76% to $11.2m (H1 2011: $6.4m). · Revenues up 37% to $78.9m (H1 2011: $57.4m). Fixed costs marginally down following headcount reduction in Q1. · Profit before tax $1.7m (H1 2011: loss of $4.1m). · Strong organic growth from NETBANX Straight Through Processing division ("STP"), up 68% to $61.9m (H1 2011: $36.9m) with continued strength and growth in Asia. · NETELLER Stored Value ("SV") revenues down to $16.2m (2011:$18.0m(2)) principally as a result of the fallout from Black Friday(3) in H1 2011. § Initiatives undertaken in H1 have produced improved results in second half to date. Major investment in NETELLER SV platform now complete and cost base aligned. § US online gaming opportunity taking shape. · Strong demand from existing customers and from new customers won during the first half including Ford Credit, Hockey Canada and Rona. Commercial agreement signed with Lotus F1 Team. · Strong H1 revenue exit run rate positions the Company for further growth in second half and on track to exceed the market consensus full year expectations. Financial summary (unaudited) Six months ended 30 June 2012 2011(5) US$ million US$ million Revenue Straight Through Processing (NETBANX bureau & gateway services) 61.9 36.9 Stored Value (NETELLER eWallet & Net+ cards) 16.2 18.0 Stored Value - discontinued revenues (4) - 2.1 Investment income 0.7 0.4 Total Revenue 78.9 57.4 EBITDA (1) 11.2 6.4 Profit/(loss) before tax 1.7 (4.1) Tax (charge)/recovery (6) (2012 charge relates to 2004/5 period) (2.5) 0.5 Net loss for the period (0.8) (3.6) (1) EBITDA is defined as results of operating activities before depreciation and amortisation and exceptional non-recurring items which are defined as items of income and expense of such size, nature or incidence, that in the view of management their disclosure is relevant to explain the performance of the Group. (2) Excluding discontinued revenues - see note 4. (3) "Black Friday" refers to the regulatory action taken in April 2011 against certain major poker operators which resulted in many players ceasing to play poker worldwide. (4) Discontinued revenues were derived from e-money expiry which is now subject to different rules under the Electronic Money Regulations 2011. (5) 2011 comparables include only 5 months of revenues and costs from the OP Inc business acquired on 1 February 2011. (6) Tax charge in the period relates to expected reassessment of 2004/5 Canadian taxes following a review by the Canadian Revenue Agency which commenced in 2005. The Board has made a full provision for the amount it believes it is likely to be required to pay in respect of withholding taxes and interest. See note 17 in the Financial Statements for more detail. Commenting on today's results announcement, Joel Leonoff, President & CEO, said: The combination of NETELLER and OP Inc. has produced a multi-faceted payment product offering and positioned the emerged business Optimal Payments Plc to benefit from a rapidly evolving online payment market. Our efforts have resulted in a fully integrated and right-sized business with an efficient cost base. Our operationally geared business model, continued focus on product development and R&D, along with our strong presence in the internet payment market have combined to produce significant organic revenue and EBITDA growth. Our H1 results and strong foundation position the Company well for further growth in H2. The online payment industry continues to consolidate and the Group should benefit from the expected significant growth in both the online and mobile commerce markets. We see substantial opportunities to provide innovative solutions to merchants and consumers in both the NETELLER eWallet and NETBANX

Considering how on the 13th Oct.2011 they were 49.75 (obviously I did not have them at that price) I would imagine profit will be being taken. However don't understand more buys than sells and it drops 10p but there again that is quite common with this share as we know.

Sorry GF I had to go out and pick my daughter from school!
Tomorrow will be interesting and it may encourage a few people who thought they had missed the boat, jump on board!

Indeed indeed, think ill have some more. Cheers David.

ps, take no s-it from poster doodlebug. I saw what he said the other day. Tell him to take a hike.

goldfinger, I would have been prepared ages ago to draw a line under the mutual antipathy we have for each other, but you just can't resist making snide remarks about me - and here you go again. You got what you wanted on the TRAF thread earlier today, when IanT stepped in and gave me a rap over the knuckles - despite the fact that you had succeeded in trashing the BES thread the other day. As far as I'm concerned I'm happy to let things rest as they are, but if you continue to make personal comments about me I will bite back. If you dish it out, then you must be prepared to take it back. Hopefully, since David is new to this bulletin board he will take his time to figure things out for himself.

I am sure we are all on this BB because of the quality of the posting. Hopefully the information is rewarding and of some use. This is a community and we should stick together and help each other to beat the system now and again.

I think we all agree that OPAY is an exciting investment, especially after the profits most of us made out of NTR. So lets swap good ideas and beat the market makers at their own game. Hopefully all the posts here are well intentioned and we are all sensible enough to know that shares do not go up in straight lines. So I am buying a few more tomorrow on this pull back.

David

Hi David I think a lot will. Im sure the MMs have engineered it just for that purpose so that others have the chance to by at a cheaper price than the run away one of the last week.

Another rotten day and with volume stacked to the buy side. Someone on twitter reckons the chap on the terminal is pis-ed.

Some news here........

Optimal Payments and Daon partner on biometric payments


Optimal PaymentsOptimal Payments, a leading global online payments provider, and Daon, a leading identity services provider, today announce that they have entered into an agreement to work together strategically on solutions that will leverage Daon's biometric authentication system with Optimal's NETBANX and NETELLER payment services.
The combined capabilities are especially important for market sectors where a high degree of customer identity certainty is required, such as regulated gaming, governmental, and financial services.


Certain market sectors require many businesses to always have a high degree of KYC (Know-Your-Customer) certainty over who they are dealing with. The Daon IdentityX biometric 2-factor authentication service, which was recently reviewed by the U.S. Senate Consumer Protection Subcommittee, allows the in-stream online re-verification of individuals as part of payment transaction flows, making it easier for business operators to meet their regulatory obligations.

Joel Leonoff , President and CEO of Optimal Payments, commented: "Optimal Payments is at the forefront of technology innovation and Daon's world-class services are very complimentary to both the segments that we service and the kind of products we offer merchants and banks, such as remote payments, mobile wallets and cross-border remittance."

Tom Grissen , CEO of Daon added: "Optimal Payments is an innovator in the customer-not-present payments sector and so we're delighted to be able to work with them to offer the market 'homeland security' grade identity services embedded right into payments."

David have you added yet, I havent still waiting.

Sorry GF have been busy! At 14.38
Buy…………………………Sell
813 at 295.25…………1834 at 296.75
12000 at 295…………..873 at 299

Buys
109,606
Sells
90582
Uknown
798

Buy…………………………Sell
900 at 295.75………….. 907 at 299

12000 at 295…………..2000 at 299.25

Buy…………………………Sell
1892 at 295.75………….. 3508 at 299

12000 at 295…………..2000 at 299.25

Buys
111364
Sells
92234
Unknown
798

Buy…………………………Sell
1402 at 296.5………….. 900 at 298.75
10000 at 296……………598 at 299
12284 at 295…………..2000 at 299.25

Got to go out to collect children from school!
Will be interesting where we are at 4.30!
I still believe that this is a pull back and perhaps getting towards a stable price. I sold half my holding at 305 so sitting happy with the rest.

Think you might be right that someone is p----d sitting with a trigger happy finger - more repeats today than ever both buys and sells, someone wants to get the correct figures going through. Being going on for days now but today is the worse I think.

Picked this up from Finextra. Seems like progress for OPAY

http://www.finextra.com/News/Announcement.aspx?pressreleaseid=52333&topic=internet

Zapp signs up payment providers ahead of launch
22 October 2013 | 426 views | 0 Source: Zapp

Zapp, the UK's leading mobile payment innovation, today announces that some of the world's leading and most innovative payment providers will offer mobile payments to thousands of merchants and millions of customers in 2014.

Optimal Payments, Realex and SagePay will work with Zapp's digital and mobile first approach to payments, enabling merchants to benefit from higher conversion, lower cost and more secure checkouts.

Innovation in payments
Zapp delivers significant benefit to retailers because of a smoother, faster, more secure check out process. Zapp allows people to make real-time payments from their mobile, unlocking money in their current account in a much simpler, more controlled and more secure way. Getting more customers through the checkout process securely is crucial to retail success - Zapp and the Zapp network of payment providers understand this and will work to launch the next generation of digital payment systems.

SagePay, Realex and Optimal Payments are some of the biggest and most innovative payment providers in the UK market. Over many years these businesses have proven their ability to bring innovations that are secure and successful to market for both merchants and consumers.

Payments industry working together for the good of the consumer
The announcement follows the release of research by Zapp showing that greater cooperation between financial institutions, merchant acquirers and retailers is required if consumers are to adopt mobile payments en masse. The research showed 70% of consumers said complex up-front set-up processes were a barrier to mobile payment adoption; 70% cited the difficulties paying people who are not part of the same mobile payment scheme; and 80% said that not enough banks and retailers were able to accept payments. Today's announcement is a step towards addressing these concerns through the creation of a universal mobile payment ecosystem: Zapp.

Zapp will have 60% coverage of merchants in 2014 at launch
This announcement together with our previous announcement of a strategic partnership with WorldPay means that Zapp will have over 60% coverage of merchants in the UK in 2014. This will mean that thousands of retailers, both large and small, and millions of consumers can benefit from Zapp's simple and secure mobile enabled check out process.

These agreements commit Zapp and these leading payment service providers to work together to roll-out Zapp to retailers in 2014. The rollout will include integration of the Zapp payment eco-system into the core payment methods offered by Realex, Optimal Payments and SagePay and joint marketing of the Zapp payment system to thousands of merchants.

Peter Keenan, Chief Executive of Zapp, commented, "I am delighted to announce these new members of the Zapp network. Zapp's success will be based on providing consumers with easy, secure and convenient ways to pay for a wide range of goods and services through thousands of retailers. We look forward to working closely together with Optimal Payments, SagePay and Realex as innovators in the market to make secure and simple Zapp payments a reality for millions of consumer checkouts in 2014."

Very Interesting.

Getting interesting at 285!!
Looking for a bottom to re buy the other half of my stake.

GF
Where do you think the bottom will be? All the profit takers should be out by now.
My guess would be a range of 282/286

Bought 2000 at 280.92

The buys are 1200 at 280.25
The sells are 203 at 281