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

Quite exciting, I thought yesterdays news was good unless I have missed something. How does one get Broker note, gf?

3m Well ive lifted it from across the road but you can sign up for free to this broker just takes a couple of minutes. Send you their notes to your e-mail box each morning.......

www.edisoninvestmentresearch.com

http://www.edisoninvestmentresearch.com/research/company/optimal-payments

Thanks gf.

What a fantastic finish - my friend has to get to £5.21 but she is doing well with BDEV and GWP which I haven't got. Think a glass of wine is in order.

Well done 3m.

Thanks dc - crumbs I need it.

Optimal Payments changes FY results date
26th February 2014, 13:16

Optimal Payments - a leading provider of online payments - has brought forward the date of its 2013 full year results from 31 March to 28 March.

Cheers gf they said that last week. Have you been away or hibernating like the hedgehog in my garden which I found in a rat cage today. Fortunately it was well fed on pea nut butter and walked away. Opay/netellar is going places like it was before it hibernated 8 yrs ago - I hope. Gl

Missed it 3M, unlike me that I must be slipping or getting older. LOL.

Very good full page article in today's Shares mag

Good to hear. Let us hope others like it to.

Well BUYS are far greater than sells volume so although red at moment we should fingers crossed be blue by the end of the day.

Yesterday was unbelievable, thousands more bought than sold yet still in the red. May be someone is holding it down for some reasons unbeknown to us. Still good though.

Ooops! two big sells just gone through whilst I was typing, ah! well only early yet.

07 Mar 2014 Optimal Pay OPAY Numis Buy 491.63 501.00 - 600.00 Reiterates

SP TARGET 600p.

I has to get to £5 again first, maybe on Monday when folks have had the time to study their shares magazine over the weekend - who knows.

Good chance it will be in a weekend tip sheet aswel 3m after this weeks US news.

Ive added today on that.

Not good again - lost 50p in less than a week - good news means nothing to this share, yesterday over 1 million bought to what was sold and still it went down - ah! well patience. I suppose we will have to wait until the end of the month and see what the results are!!!!

It all about the Russians and the negative effect they are having on the general market 3m. When it gets to 500p plus again might be a good idea to take a bit of profit off the top.

High beta on stock doesnt help.

Might just do that gf when it gets to 500p plus again. Cheers