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

I wish harrycat, once the RI is completed I would like to think I would be nicely in the money and perhaps bathing in champagne. I have never been so lucky - a huge gamble for me at my time of life.

Money has now been taken from my account so am fully subscribed to RI.
Next:
 1st May – latest time to accept rights issue.
 5th May – announcement of results of rights issue; commencement of dealing in new shares, fully paid

It hasn't gone out of mine yet harrycat - I was told that there weren't any dealing charges is that correct? So be it I do it on line but I rang the Halifax and that is what they said.

Hargreaves is now showing as rights paid and showing values now...

There are not any dealing charges. You are correct 3m.
Don't forget though, that you cannot execute the trade yourself. You have to instruct your broker to carry out the purchase.

Thank goodness for that and thank you. I was dreading the fact that the young voice on the phone had got it wrong.

We've seen quite a fall off but today seems to be the turning point. I'm guessing we'll have to wait until after the bank holiday for this to settle down (by "down" I mean go "up"!).

Back to recent highs by 5th May once this one sorts itself out? Then the mid-cap trackers will have to start buying - if they are not already.

I'm actually very tempted to buy some more at this price. A number of indicators turning up, a few gaps on the chart to close and volume looking good. The only thing we really need to know at the moment is how many RI shares were not taken up. A large overhang could knock the sp in the short term.

Harrycat, been considering the same. The only reason I haven't is that with the rights issue this is now already my biggest holding across my portfolios. Although sometimes it pays off and if we see a quick 20% or so rise, it forces you to take some money off the table...

Results of Rights Issue
Optimal Payments plc is pleased to announce that its 5 for 3 Rights Issue, announced on 23 March 2015, closed for acceptances at 11.00 a.m. on 1 May 2015. The Company received valid acceptances in respect of 263,685,643 New Ordinary Shares, representing approximately 96.77 per cent. of the total number of New Ordinary Shares offered to Qualifying Shareholders pursuant to the Rights Issue.

It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts as soon as practicable after 8.00 a.m. today, 5 May 2015 and that definitive share certificates will be despatched to the relevant Qualifying Non-CREST Shareholders by no later than 12 May 2015.

Results of Rump Placing
5 May 2015

Following the announcement on 5 May 2015 regarding valid acceptances under the fully underwritten Rights Issue announced by Optimal Payments plc on 23 March 2015, the Company confirms that Canaccord Genuity Limited, Deutsche Bank and BMO Capital Markets, have procured subscribers for the 8,809,589 New Ordinary Shares not validly taken up in the Rights Issue, representing 3.23 per cent. of the New Ordinary Shares, at a price of 290 pence per New Ordinary Share.

The net proceeds from the placing of such New Ordinary Shares (after the deduction of the Offer Price of 166 pence per New Ordinary Share and the expenses of procuring subscribers, including any applicable brokerage and commissions and amounts in respect of VAT), if any, will be paid (without interest) to those persons whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5 will not be paid to such persons but will be paid to the Company.

All new shares now trading under the OPAY ticker, so lets hope for some rapid upward movement over the next few weeks. 400p would be nice to start with!!!

Would be very nice harrycat!!

Does anyone have any views on this stock and what direction it's taking ?

Does anyone have any views on this stock and what direction it's taking ?

North imo. Funds and trackers will start buying in, if not already started. Full list coming.

Canaccord target price 337p, reiterated today.

short tracker site 6 of them are shorting, instrument unkown, I remember monitise
on Bloomberg tip said buy fell from that point that was also shorted on this site

Looking at the chart on short tracker black bird it shows a decline ,however it also
shows short positions opened recently ...

Fund manager % short Date changed/created
Magnetar Financial (UK) LLP 0.00% 2015-05-06
Susquehanna International Holdings LLC 0.00% 2015-05-05
Magnetar Financial (UK) LLP 2.25% 2015-05-05
Ennismore Fund Management Limited 0.38% 2015-05-05
Magnetar Financial (UK) LLP 2.48% 2015-05-01
Susquehanna International Holdings LLC 0.95% 2015-04-29
Susquehanna International Holdings LLC 0.75% 2015-04-28
Magnetar Financial (UK) LLP 2.52% 2015-04-28
Jane Street Group, LLC 0.67% 2015-04-28
Susquehanna International Holdings LLC 0.61% 2015-04-27