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

skinny - 19 Sep 2012 08:37 - 2 of 6
Or in a more readable format :-)

Interim Results


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


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.

goldfinger - 19 Sep 2012 09:10 - 3 of 6
Yep sorry about that Skinny was rushing earlier on as I thought I had an appointment...its tomorrow.

Look very cheap to me. Reckon with right market theirs loads of upside.

Alway remember netteler in past on sky high rating high 30s low 40s, think these off top of head are around P/E of just 8.

Ill check that.

goldfinger - 19 Sep 2012 09:12 - 4 of 6

· 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

New thread open for business with proper epic.

Thanks Skinny rushing around this morning... Cheers.

Slowly rising.

RESEARCH ALERT-Canaccord Genuity raises Optimal Payments target price19 Sep 2012 - 10:03

Sept 19 (Reuters) - Optimal Payments PLC : * Canaccord Genuity raises Optimal Payments target price to 100p from 82p; rating buy For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on [RCH/EUROPE] Reuters 3000Xtra users, double-click [RCH/EUROPE] Reuters Station users, click .1580 ((Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780))

Added a chunk more.

Think that broker target is rather stingy.

http://www.optimalpayments.com/wp-content/uploads/2012-Interim-Results-Presentation-Website.pdf

added a new presentation today, some projections.

OPAY Optimal Payments

Very Bullish looking chart...

Broker comment here:

http://uk.finance.yahoo.com/news/stocks-news-europe-uk-small-154920626.html

"Optimal Payments takes on 6.7 percent after the online payments firm says it is on track to exceed full-year market expectations as it posts a forecast-beating 76 percent jump in first-half EBITDA, prompting Canaccord Genuity to raise its price target for the stock to 100 pence from 82 pence.

"We believe investments made in marketing and new products over the past year are beginning to filter through to revenue and market share," Canaccord says in a note repeating its "buy" rating on Optimal."

Lifted from ample courtesy of card player..

It may have taken 5 years but the chart is now displaying a classic "double bottom reversal" patteren.

Long may the uptrend continue!

Moving up nicely.

Stonking tip/write up. by the Investors Chronicle


http://www.investorschronicle.co.uk/2012/09/20/shares/news-and-analysis/optimal-payments-swings-into-the-black-8SsLBqEqFMM6HHYMc7FQWP/article.html

52 week new high......

Better than akick in the teeth on a wet thursday up North just shy of 15% increase on the day. Think theirs plenty left. Looking for 120p.

gf well done all the lemmings are jumping on the bandwagon......when are you going to jump off?

Paid £1.83 for these 6 years ago - of course it was Netellar then, so a long way to go for me. Been a dead duck for a very long time so hopefully it will return but when!!!!

These are showing a little more positive after years of waiting.

Good news yesterday and down she goes today with more buys than sells.

Sold mine today , 25%+ in under a month not too shabby.

Cheers gf.