Certainly got a lot going for it with a lot of post offices closing down. Im sure you have seen the bill payment service at a local shop were you can pay your utility bills, council tax, top up on your mobile cards, withdraw money from a ATM and a awfull lot more.

This type of business is usually low margin where the shopkeeper and paypoint get a cut of each transaction but they are moving into higher margin business that bodes well and people always have to pay their bills so its not like there is going to be a fall of in trade.

Heres a snap shot of the historical performance.

Summary financial information

Year ended 31 March
2002 2003 2004
m m m
Gross revenue 23.6 43.8 67.1
ABT deferred revenue release* 2.5 6.5 0.0
----- ----- -----
26.1 50.3 67.1

Net Revenue before ABT deferred revenue release** 14.0 21.1 28.6
Operating profit/(loss) before depreciation and (0.2) 4.0 8.1
amortisation ***
Operating profit/(loss)*** (1.4) 2.7 6.1
Profit/(loss) before tax*** (2.4) 1.8 6.0
Net cash flow before financing (0.1) 1.7 10.9

So you can see that they are profitable and in fact have tax credits to shelter future profits.

The company is also highly cash generative which is a very big plus.

The one thing that does look unatractive is the historical P/e, but with operting profits in the last year growing by 130% and this year the business is just booming along(50 new ATMS per month) Im sure we are going to see an attractive P/E come December when results are out.

Heres the link towards all the nitty gritty about the company. Note the name of the large blue chips which are its customers.

http://www.uk-wire.com/cgi-bin/articles/200409210700311519D.html

All in all a very fast growing company and should be worth a punt over the medium term.

DYOR.

Will give that link live.

http://www.uk-wire.com/cgi-bin/articles/200409210700311519D.html

cheers GF.

Chart doesnt look great at the moment but I am sure it will do in future.



cheers GF

What was the big fall in Late September all about ???????????????

Cheers Rob

What was the big fall in Late September all about ???????????????

Cheers Rob

rob308, that is what I was wondering!

So this stock fell from 1800 to 200 in 2 days or so. Why? I'm going to need a lot of convincing with this one. A lot of hype on ADVFN.

MS

dead cat bounce????????????

rob308

What's that?

MS

Got this from an other BB. I'm not a big fan of tech stocks but!!!


Sage Acquires Advanced Paypoint Solutions
Through this acquisition, Sage will obtain a market-leading EPOS product, PayPoint (LSE: PAY.L - news) that integrates point of sale systems with Sage's accounting software products. This acquisition
marks Sage's entry into the specialist retail software market and represents another step in Sage's strategy of providing industry-specific ("vertical") market software to supplement its core accounting and business management software products.

According to research conducted by Sage, 80% of UK retail businesses manually reconcile till receipts with their financial software. By providing customers with software that integrates the EPOS system with the back office accounting system, Sage will be able to increase efficiency, improve resilience and provide improved management information for retailers.

Sage estimates the retail sector in the UK comprises over 230,000 businesses with many of these already using Sage accounting products.

PayPoint is used by small and medium-sized retailers with between 1 and 80 outlets such as department stores and specialist retail and leisure businesses, many of whom already use Sage Line 50, Line 100, MMS, Sage Line 200 and Line 500 products.

As an authorised development partner of Sage for four years, the PayPoint system is already integrated with Sage's financial software products enabling customers to take advantage of the benefits immediately.

PayPoint EPOS consists of PayPoint till application, LaunchPad till manager, a powerful Macro language and a number of PayPort modules to enable the link with different accounting systems.

regards oliver.


MS

Mickey

Sometimes when a share falls sharply it may rebound. Punters will think it has been oversold and pile in. But if the share price fall is as a result of a deep problem or genuine flaw with the co/share then clever punters will actually short the share after this 'bounce' because they know the price will continue to decline.
This is not always the case as we sometimes see sharp falls as a result of general market sentiment and these may indeed produce buying opportunities.

I must say I no nothing of this stock (pay) and I am not suggesting it is a 'dead cat bouncing' but I would like to find out about the sharp fall before 'having a go' . all imho of course

regards. Rob

I am in on this share as I think there will always be good growth there-so long term good profits in holding. My thoughts on the share price and I may be totally ignorant--are that the shares were privately held and reached 18 pounds until they recently floated when they probably split the shares they would need to make them more liquid and a sizeable number--hence the big drop! they then floated around 190p and are now beginning to take off. I hope--fingers and everything else crossed. Any expert comments? I wish I'd bought two days ago when I first started looking at them.

Thanks money plus. that would makes sense

I must confess I do wish to get into these and am just waiting to hit a target price with Ashtead then take the profit to purchase some pay.

Will be watching.................. cheers Rob

Thanks moneyplus and rob308 good postings.

MS

Probably split the shares eh?

Well it looks like it but I can't find any info on it, it doesn't say so on their website.

I'll be in when ULVR hit 471 then I can dump and buy. I couldn't find any info either any pointers anybody.

MS

oh well! just dumped Ashtead @ 71.5, still a good profit, and grabbed a grand's worth of these............. happy day's . I hope!

Cheers........... Rob

Big rise today so something has stirred things up. Figures aren't out until Dec so it's a bit early for good rumours. I think the market boys have just noticed them as the buys are quite chunky. A lot more than I could afford anyway!! Check out NLR--they have risen like a rocket with similar sort of growth prospects. Sellers have moved in big time to take profits but I hope to pick them up again in the next trough.

They (PAY & NLR) look good to me. Need to do a bit more research. I think it's worth a punt in both if cash allows. Let's see what tomorrow brings got to get rid of ULVR held for far too long.

MS

Blimey I cant take this in, theres so many posters interested.

Excelent growth share and could go on to big things.

Cheers GF.

Big fall , just Amvascap selling down from 19% to 15%, we all have to take profits at some time.

Best read the RNS I have put up outlining the company and its fantastic GROWTH.

More to follow on this GEM.

Cheers GF.

Some other interesting points.

PayPoint collects cash payments for all of the five major mobile
telephone networks in the UK (Vodafone, Orange, O2, T-Mobile and Virgin) and
for new mobile telephone network market entrants such as Tesco Mobile and
'3' as well as for all three Irish mobile telephone networks.


PayPoint also collects cash payments for a number of other types of
household bills including water, housing rentals, council tax, television
licensing, fixed line telephone, cable television and others.


The Board believes that over 95 per cent of UK households are situated
within one mile in urban areas, or five miles in rural areas, of a PayPoint
Retail Agent.


PayPoint is the retail collection channel for Transport for London's
('TfL') congestion charge scheme handling approximately 30 per cent of all
daily Congestion Charge payments.

cheers GF.

Current trading

The Company has experienced a good start to the current financial year with
trading demonstrating strong year-on-year growth. Transaction volumes to 31
August 2004 were approximately 29 per cent, ahead of the corresponding period in
2003. Growth has been achieved in mobile telephone top-ups; bills and energy
prepayments; and transport ticketing. Since 31 March 2004, Retail Agent numbers
with Terminals have increased by approximately 700 and EPoS outlets have
increased by approximately 1,200.

In addition, the ATM business continues to be rolled out at the rate of
approximately 50 machines a month, with 601 machines installed as at 31 August
2004.

Accordingly, the Directors view the Group's financial and trading prospects for
the current financial year with confidence.

cheers GF.

BizPlus Ireland





Monday November 1, 11:30 AM



Related Quotes
PayPoint Plc
PAY.L
241.50
-0.00




Find a Quote

UK Markets
FTSE 100 Gainers Losers
FTSE 250 Quotes by Sector
Int'l Markets
Dow Jones Nasdaq S&P 500
DAX 30 Eurostoxx 50
News Search


Message Boards
Vodafone, BT, ARM, More...


More on Yahoo! Finance
The Latest Share Tips
Mortgage Advice
Insurance Quotes





Sage Acquires Advanced Paypoint Solutions
Through this acquisition, Sage will obtain a market-leading EPOS product, PayPoint (LSE: PAY.L - news) that integrates point of sale systems with Sage's accounting software products. This acquisition
marks Sage's entry into the specialist retail software market and represents another step in Sage's strategy of providing industry-specific ("vertical") market software to supplement its core accounting and business management software products.

According to research conducted by Sage, 80% of UK retail businesses manually reconcile till receipts with their financial software. By providing customers with software that integrates the EPOS system with the back office accounting system, Sage will be able to increase efficiency, improve resilience and provide improved management information for retailers.

Sage estimates the retail sector in the UK comprises over 230,000 businesses with many of these already using Sage accounting products.

PayPoint is used by small and medium-sized retailers with between 1 and 80 outlets such as department stores and specialist retail and leisure businesses, many of whom already use Sage Line 50, Line 100, MMS, Sage Line 200 and Line 500 products.

As an authorised development partner of Sage for four years, the PayPoint system is already integrated with Sage's financial software products enabling customers to take advantage of the benefits immediately.

PayPoint EPOS consists of PayPoint till application, LaunchPad till manager, a powerful Macro language and a number of PayPort modules to enable the link with different accounting systems.


cheers GF.

Price holding steady against a general market fall. May start rising again as we get nearer the Dec results.

I hold this share and having researched it I am sure the sharp fall was before it floated. I too think there will be a strong run up in the price coming up to the results. It seems a solid long term hold as the market is growing, huge and a barrier to new entrants.

John you are right . It only floated a matter of a few weeks ago at 192p and only 23% of the company was released in the float. I would guess they had to divide the shares hence the fall. 30.1 million shares came to market and the market cap. is 129.5 million. It seems to me this company offers what we all need so it is a potential multi-bagger! IMHO. DYOR. of course.

Down a few points today but no problems long tern its a big winner.

cheers GF.

From todays Daily Express...................

Broker's View:
*Dresdner initiates coverage of Paypoint (PAY.L) with a buy recommendation

cheers GF.

Gained ground in the afternoon, the BUY recommendation from Dresdner should help the price move northwards.

cheers GF.

Up again next week-fingers crossed.

Should rise up to results in December, a fantastic growth share with broker upgrades.

Cheers GF.

Nice buys today but no movement. Watch out tomorrow.

cheers GF.

If it stays put tomorrow despite the big buys I'll have to add a few! I'm confident the market will really take notice of this one after the results in Dec.--following the same pattern as NLR. slow-slow-dead slow---rocket!!

Slow at the momet but your right I think it will rocket aswell. Not on many radars at the moment but soon will be.

cheers GF.

Climbing slowly but surely.

cheers GF.

From Saturdays Financial Times..............

My Portfolio (p.M28):
* Peter Temple adds to Erinaceous and Planestation and buys Paypoint, Murgitroyd Group and Phytopharm.

cheers GF.

Looks ready to tick up.

cheers GF.

Results coming very soon, its going to jet beleive me.

cheers GF.

This one is likely to be like NLR--a slow wakeup in the market before take off. Results early December so time to accumulate. IMO.

Moving up this morning.

cheers GF.

Just when are the results anyone?.

cheers GF.

7th Dec I think. Not a good day so far anywhere on the market!

Dont worry MP we are OK.

cheers GF.

Moving up nicely.

cheers GF.

Results soon--hope they make the analysts and mags take notice. Buy while a bargain price, fingers crossed!

Results this tuesday MP. Fingers crossed.

cheers GF.

Hi there what do you think we are likely to
expect from the results(looking into your crystal ball)?

Dont mean to be funny, but lets just wait please.

cheers GF.

Very good results and price up on the market.................

PayPoint PLC
07 December 2004


PRESS RELEASE

PayPoint plc

Interim Results
for the 6 months ended 30 September 2004

HIGHLIGHTS
6 months 6 months
ended ended
30 September 30 September
2004 2003
m m
------------------------------------------------------------------------------

Turnover 39.9 29.7
Net revenue (1),(4) 16.5 12.5
Operating profit before exceptional items (4) 4.7 1.2
Operating profit 0.1 1.2
Adjusted earnings per share (2),(4) 6.1p 1.7p
Basic (loss)/earnings per share (0.8p) 1.7p

Comparing the first six months of 2004 and 2003:

Turnover of 39.9 million up 35%
Consumer transactions processed up 29% at 112 million with strong growth
in all sectors
Net revenues up 33% with operating margins (3), (4) increased to 28%
Operating profit before exceptional items of 4.7 million up 277%
Adjusted earnings per share were 6.1p up 249%
PayPoint outlets have increased to over 14,600 up 11% on March 2004
New terminal roll out to agents started in October - progressing well

David Newlands, Chairman of PayPoint, said: 'Our first set of results as a listed
company is strong and shows growth in all sectors. We are delighted to see
further expansion in the range of payments for which we are able to cater and
remain excited about the prospects for continued growth.'

(1) Net revenue is turnover net of the deduction of commissions paid to retail
agents.
(2) Adjusted earnings per share are based on profits before exceptional items
after taxation.
(3) Operating margins are calculated as operating profit before exceptional
items as a percentage of net revenue.
(4) Net revenue, operating profit before exceptional items, adjusted earnings
per share and operating margins are measures which the directors believe
assist with a better understanding of the underlying performance of the
group. The reconciliation to statutory amounts can be found in notes 2, 3,
6 and on the face of the profit and loss account.

Enquiries:

PayPoint plc 01707 600 300
Dominic Taylor, Chief Executive
George Earle, Finance Director

Finsbury 020 7251 3801
Rollo Head
James Leviton
Don Hunter

There will be a presentation today to analysts at 11.00am at Cazenove & Co
Limited, 20 Moorgate, London EC2R 6DA.

This announcement is available on the PayPoint plc website:
www.paypoint.co.uk

cheers GF.

Somebody enlighten me on this company. I don't see the prospects in this company that others do. If you've ever used a PayPoint key for bills/utilities you'll realise how inconvenient it can be. Far better to settle using direct debits (for which you may get a discount) or using an online account. The only growth I can see is in uptake by landlords of (low rent ?) tenanted property, which appears to be on the wane currently. As for mobile phone top-ups they'll have to win business from the many swipe card operators already out there. Too pessimistic ?

Hi Theed, its all in the thread already . Not heard of post offices especially rural ones closing down. Many people still prefer to manage their bills without the need for a bank.

Growth opportunities are fantastic.

cheers GF.

Ended up nicely.

cheers GF.

Interesting that part of the exceptional expenses was 0.3 mill fighting off an unwanted bidder! I expect that there will be a bit of a drop now if the SP follows the usual patterns. good figures= sp down for a while!

Rotten market today anyway MP, but still no downer yet. Fingers crossed.

cheers GF.

Some quite large buys and NO red!! Clever people accumulating methinks!!

Did lose a little at the end of last week. Expect it to move north again now that the results are out of the way.

cheers GF.

All quiet- not many buys or sells, price has slipped a bit. The punters are taking a while to wake up to the potential of this company.

After results blues as usual MP. Should be on our way again soon though.

cheers Gf.

This one has really woken up today! maybe a trading update coming?? hang on for some good rises something is behind it.

Your right MP.

cheers Gf.

Up and down again but ended blue-nice rise, I sold a while back but could be time to get back in.

Anybody else still in these?????. Now starting to really motor.

cheers GF.

sorry I sold now--seems a bit late to buy back in after the strong sp rise- good solid company though. my mistake I thought it was too boring for the market to notice-I made the same stupid mistake with HBG!! no wonder I'm a stock market failure. If you'd like a list of my cast offs lately just ask!!

LOL, MP. We all think that way.

Its just a game of patience really.

One chap on the other big board made the remark on the SMC thread, that the market was just an exchange for transfering money from the impatient investor to the patient investor.

Must say at times I think he as a point.

Chin up MP, cheers GF.

I wish I'd held on here-the sp has really done well after a slow start. anyone still in?

I am. Superb growth story so far.

cheers GF.

Another good day.

cheers GF.

I thought this one was as good as NLR but ran out of patience! I think this one has a lot further to go now the market has woken up to it, well done GF for holding on. check out EDA--ADA--and CLE they will all do well when the market gets to like them, I've moved on as I needed the funds but will watch them.

Ill have a look at those MP, many thanks.

cheers GF.

If this carries on up you'll be able to retire on it GF!! well done for holding. I'm now in NSAM and hoping for the same performance not much comment about the co. but the sp is doing very nicely without it---look out when the market wakes up!!

gf,

great call!!!

Its going well again this morning aswell guys.

Taking on all the previous work and more that post office counters used to do. Boring type stocks like this are the place to be, let the momentum boys chase the next big thing, but you can be sure following stocks like this we'l be around even in the bear market when it comes, they wont and thats for sure.

cheers GF.

PayPoint PLC
16 March 2006


16 March 2006

PRESS RELEASE


PayPoint plc

Trading Statement

The directors of PayPoint are pleased to announce that profits before tax are
running ahead of expectations. Trading since the half year results were
announced has continued strongly with growth in all sectors.

Bill and general payment transactions and revenues in the year to date are up
20% and 26% respectively, over the same period last year. Both bill payment and
energy prepayment have increased due to market share gains, with the latter also
benefiting from the combined impact of cold weather and energy price increases.

Mobile transactions and revenues in the year to date have grown by 20% and 13%
respectively, over the same period last year, on the back of market share gains
arising primarily from the continuing roll out of our retail network, which at
more than 15,000 sites, is now larger than the Post Office network. There are a
further 3,000 epos only sites, the growth in which has been held back by
retailer development delays. The slower than expected migration of mobile
top-ups from two major multiple retailers from our terminals to their own till
systems has benefited PayPoint's revenues. For one of these retailers, the
migration is largely complete. The other retailer has advised us to expect
migration early in the next financial year.

We plan to expand the PayPoint terminal estate by some 2,000 to 2,500 terminals
next year to service our increasing bill and general payment volumes and to
continue the growth in our mobile top-up market share.

The ATM roll out continues, at a net rate of about 40 per month (similar to the
first half of this year), and the average number of transactions per ATM has
remained constant, split evenly between cash withdrawals and balance enquiries

The new terminal will be substantially rolled out by the end of the current
financial year at the predicted cost of 5million, to be depreciated over 5
years.

We have signed a new 15 year lease on our Welwyn Garden City office, extending
our occupation to the ground floor. Refurbishment, which (including a new higher
capacity communications and processing suite) is underway at a total cost of
5million, with completion expected in August. The refurbishment will be partly
financed by a capital contribution from our landlord.

We have completed a review of our information technology requirements which has
confirmed the scalability of our core systems. The review has concluded that
efficiency can be enhanced by developing some of the peripheral systems to
introduce greater levels of automation, exception reporting and ease of
operation together with the replacement of software in languages that may no
longer be supported in the medium term. This will cost 6million, mainly
capital, over three years.

We continue to make steady progress in extending our client and retail
relationships and broadening our product portfolio. This, together with the
improvements to our infrastructure and systems, should provide a secure basis
for continued growth for our shareholders.

Enquiries:

Finsbury 020 7251 3801
Rollo Head
Don Hunter

This announcement is available on the PayPoint plc website: www.paypoint.co.uk.


cheers GF.

Up approx 245% since first posting here so taken a few bobs profit off the top.

cheers GF.

Interesting little jump up at close today, news due????? anybody got any idea's.

still holding long

cheers Rob

results due tomorrow.
the trading update at the end of March was superb.
Barring any general market nonsense like last week we should see at least 7 again very shortly.

Ian

.

http://moneyam.uk-wire.com/cgi-bin/articles/200605250701055561D.html


David Newlands, Chairman of PayPoint, said 'We have had an excellent year. The
improvements in our range of products and services, brand awareness and the
increase in our network all stimulated revenue growth. Our operational gearing
has delivered most of the growth in net revenue to the bottom line. The BBC TV
Licence contract awarded to PayPoint in March, marks a major milestone in the
Company's development, reinforcing our credibility as a sole provider of a
national service. We are securing capacity for future profitable growth by
investing in infrastructure including new communications and polling hardware,
development of new peripheral information technology systems and the
refurbishment and extension of our operating base. We are confident of
continuing growth in the current year in which trading has started well.'

Superb results. The prospects also look very very good indeed.

Ian

Yes excelent results Ian. Im thinking of adding more here whilst the price looks under pressure due to recent market correction.

cheers GF.

CEO was on Bloomberg this morning talking about the results and future.... I have no holding but very impressive results all the same.

I think that BBC licence award will ultimately be seen as company transforming.
I certainly think excellent organic growth is pretty much guaranteed (in as far as anything can be guaranteed) over the next couple of years.
The BBC contract should also lead to similar high profile contracts being won.
I bought yesterday in anticipation of excellent results.
This morning I topped up !!!

Ian

News filtering from the agm suggests company is firing on all cylinders. The BBC TV licence contract is doing well.
Analyst upgrades should follow very soon.

Ian

Ian

What is your target for the share price in the next 6 months or so ?

What news do you have from the AGM Ian?.

Hello chaps.
Apologies for the delay in replying.
From what I have been told the agm was attended by a couple of analysts and one or two private investors.
I hope to have a more detailed posting of the meeting over the weekend but one of the attendees assures me that the noises eminating from management suggests that the business is performing ahead of the company's own expectations
and subsequently the analysts following Paypoint should be revising their forecasts in the near future.
Hopefully more substance to follow over the weekend.

Ian

A little bit more news ......

feedback from many Paypoint agents suggest that there has been increased use of the payment facility by people who have traditionally paid bills etc by queueing up at their banks at lunchtimes etc.
As many agents are the likes of newsagents (who are open until quite late in the evening) the convenience of, for example, paying bills on the way home from work has taken the Company pleasantly by surprise. Up to now the main customer profile has perhaps been from a lower socio-economic background.
The eps upgrades for the y/e 3/2007 and 3/2008 are going to be around 27.0p and 35.0p respectively putting the shares on a forward p/e of 25 or next year and 22 for 2008.
Not cheap but excellent value for a quality holding.

Ian

Yup, and thats the beauty of the stock Ian and why I have gone in heavily.

Cheers Gf.

Hi Ian/Goldfinger

I was wondering why the sp has dropped so much this week? any thoughts?

Market in general, cant think of anything else KS.

Amvescap raised their holding as notified yesterday.

A bit of related news today also:

http://uk.biz.yahoo.com/01082006/250/ukash-announces-fsa-authorisation-e-money-status.html

I think the shares are now pretty much close to the bottom.

Ian

Long term hold these I think Ian.

The shares are now 520p !!!!!!!!!!!!!!!!!!!!!
Cannot find any news to justify the weak share price over the last month.
Indeed the most recent piece of news on the Company website looks very good:
http://www.paypoint.com/news-press_95.htm

Either there is something fishy going on that private investors are not party to or the shares really are at very attractive levels.

Hope it's the latter as I have just bought some more.

Ian

Looks like there's some serious shorting going on here. With volumes so thin in August it's easier to push down the SP if you're bent on doing so. Obviously those responsible hope to clean up when the interims are announced in the autumn. Presume nobody's buying at the moment because they're all waiting to see just how low the SP will go before it bottoms out - that's what I'd do if I weren't aready in. Must say, though, I thought the only way was up with this one.

On the second line, limited newsflow put broker comment in focus, with Paypoint the top riser, up 42 pence to 542, after being upgraded to 'buy' from 'neutral' by UBS on valuation grounds.

The broker said while Paypoint's headline valuation is unlikely to ever look compelling, the current share price offers an attractive entry point into a high quality stock with several long-term attractions.

A little bit of good news and look what happens !!!

;o)

http://news.independent.co.uk/business/analysis_and_features/article1221328.ece

A bullish note from UBS sent PayPoint shares soaring 12 per cent yesterday. But, even after this rise, the stock is still 25 per cent lower than it was three months ago, making it a great long-term bet.

PayPoint, which listed in 2004, runs an electronic bill payment network located in 14,000 convenience stores in the UK and Ireland. It collects payments on behalf of almost 500 clients including major mobile phone operators, cable television companies, energy suppliers and local councils.

As UBS rightly points out, the group offers good long-term value for investors. Despite the retreat in the shares, the Swiss broker is convinced that PayPoint continues to experience strong growth in its transaction numbers.

The company is benefiting from the decline in the number of Post Office branches. Meanwhile, people are less likely to visit a Post Office - which is in many ways acts as a rival to PayPoint - as state benefits are now paid directly into accounts rather than over the counter. It is also steadily building up its client base. Recently, Powergen in the East Midlands has opened up a contract to PayPoint to provide top-ups for electricity meters while punters will soon be able to buy their TV licences through the group.

An international expansion of PayPoint services is a possibility and could prove to be a major avenue of future growth. UBS expects PayPoint to update the City on this front at its September trading statement or in November when it is due to publish its interim results.

In May, the group unveiled a 152 per cent jump in annual profits to 20m. UBS forecast this figure to rise to 23m this year and to 27m in the year after. Given its prospects, PayPoint shares, which trade at 21 times forward earnings, are worth tucking away.

At last, a little recognition of the bleeding obvious.

The tv licence payment facility has already kicked in - BBC TV was advertising PayPoint on all channels yesterday as the method of payment for those unable or unwilling to use direct debit.
The only Company getting free advertising on the Beeb !!!
Can't be bad.

Ian

Last year PayPoint released their trading statement on 5th of September, I am expecting this year's trading to be released soon. Lets hope they release a Bullish statement to lift the sp above 700, which is a more realistic figure for PayPoint! With the free BBC advert they should do well.

Still in and very confident. Just the summer lul/drift that took these down. Price never equals value so I dont bother with stop loses. Just a matter of staying cool I beleive.

Trading statement today:


PayPoint PLC
13 September 2006


13 September 2006


PRESS RELEASE




PayPoint plc


Trading update



Transaction volumes and revenues to August are 26% and 30% respectively ahead of
the same period last year. As expected, relatively higher growth in lower margin
transactions (Ireland and epos) has resulted in net revenue growth of over 20%
(net revenue is revenue less agent commission and the cost of Irish mobile
top-ups). Operating margins are running at a similar level as the same period
last year.


Terminal growth in the UK is ahead of plan and should exceed the target of
17,000 by the end of the current financial year. ATM growth continues more
slowly, running at a net increase of just over 35 new sites per month as good
quality sites become more difficult to find. The ATM target remains 2,000.


Energy prepayment volumes have continued to grow, benefiting from increased gas
and electricity prices, although there has also been a marked increase in the
average value paid by the consumer for each transaction.


The migration of mobile top-ups from PayPoint terminals to the retailer's epos
system for the one remaining large multiple retailer remains incomplete and is
progressing with completion expected in the second half of the current financial
year.


ATM transactions have grown substantially, with the average number of
transactions per month increasing over the same period last year, divided
between cash withdrawals and balance enquiries, with the latter increasing more
sharply.

Ian

Yup everythings on track.

Interesting to see no mention yet of the TV licence contract which started at the beginning of August.
Speaking to many Paypoint agents I know that the TV licence payment (at 131.50 a go) has hugely increased the turnover for the outlets themselves. Even if the profit margin is quite small it should still amount to quite a nice amount over the year.
It could be a case of keeping the good news in reserve to announce with the interims.

Still reckon it is very good value at current levels.

Ian

Just seen that Dresdener Kleinwort has raised the stock from Hold to Buy. What with UBS's Buy recommendation last month it looks like the big push north is about to start. Happy days!!

Good news then.

I am not yet a holder of this stock, but am tempted to add to the portfolio.
I see the brokers recommendation is currently hold on this stock & that the estimated dividend will be 2.16%. Can anyone tell me when the final / int dividend dates are please as struggling to find these.

Dividends
Latest Previous
Final Interim
Ex-Div 31-05-06 30-11-05
Paid 03-07-06 03-01-06
Amount 7.50p 3.00p

Hope this helps.

Exactly what I need. Thanks.

Motoring along nicely this week.
About time the wider market got an idea of the huge potential of PayPoint !!

Ian

Bought in to this stock during the week & classify it as one of my low risk stocks, so am happy to see a good dividend & steady capital growth.
I have a number of high risk stocks which go down as rapidly as they go up, so am content for this one to be slow & steady.

Roger that. Welcome aboard.

What I was really driving at was that we are not expecting a buttock clenching rollercoaster ride with the sp - Or are we?
Thanks for the welcome mat m343.

You never know HC, I see US futures are down because of worries on US manufacturing, place that alongside the worsening housing market over the pond....... well it could be better. Mind having said that itl affect every stock on the market. Hoping we get some better news from the Yanks next week.

Cheers GF.

By the way Yes I agree with that type of stock picking boring and safety as she goes along. Peter Lynchs 'One Up On Wall Street' is well worth a read to anyones whos not yet seen it.

SP is rising nicely against a negative trend in the market. Always a highly promising indicator. A reassuring end to a fine week.

Couldnt agree more m343, by the way how are you doing in that competion?.

Which competition is that, Goldfinger?

Sorry getting you mixed up with another m142 on another board. My appologies.

A tip for these shares in Shares Mag this week - not the first if I remember rightly! I bought into these shares at 618.5p and I think there is more room for growth to come. (one of my few blue shares at the moment!)

4% down??? Just general market trend today or something I haven't yet spotted?

Interim results are due on Wednesday, 15th November.
Could get lively beforehand.

Ian

PayPoint plc announces that at the Extraordinary General Meeting held
today the proposed special resolution was passed unanimously on a
show of hands.
Any idea what the topic was?

HARRYCAT...

13 October 2006

NOTICE OF EGM

PayPoint plc (the "Company") advises that it will issue a shareholder
circular today relating to the proposed cancellation of the entire
amount standing to the credit of each of its share premium account
and capital redemption reserve and an amendment of its articles of
association ("Articles").

More here.

http://www.moneyam.com/action/news/showArticle?id=1609549

An interesting purchase by Sage this morning.

I think the whole payment services sector will be ripe for consolidation over the next year or two.

Ian

I am not sue that buying Metacharge was a particularly good idea. Why not use Neteller or similar who are now desperate for new customers following the demise of U.S. internet gambling. Presumably Metacharge is being run as a subsidiary company??? However, I wasn't aware that it was such a profitable sector, so you may be right on the consolidation theory.

Have no guaranteed stop on this share and there was a sudden drop at the end of the day starting to get a bit worried! - was just wondering if people had any thoughts on how tomorrows 3rdQ Interims will go?

i think there has been some odd activity on the books this past week. there's not much out on loan but there has certainly been a seller holding it back. don't expect anything at all nasty tomorrow, still see this heading north.

I have the divi date as the 30th Nov, so sp should increase up to that date, followed by the usual dip.

The interims are out ...... and they are excellent.

http://moneyam.uk-wire.com/cgi-bin/articles/200611150701060913M.html


PayPoint plc

Interim results
For the six months ended 30 September 2006



HIGHLIGHTS
6 months 6 months
ended ended
30 September 30 September
2006 2005
million million Increase
Revenue 71.0 54.1 31%
Net revenue (1,3) 25.8 21.3 21%
Operating profit 10.4 8.2 27%
Profit before tax 11.0 8.4 31%
11.3p 10.5p 8%

Basic earnings per share
Interim dividend 4.6p 3.0p 53%



Consumer transactions processed up 27% at 178 million with strong growth in
all sectors

Operating margins (2,3) increased to 40% from 38%

PayPoint terminal outlets have increased to over 16,000 up 16% on September
2005 and up 7% on March 2006

Exclusive TV licensing contract live since August 2006

Prompted consumer awareness now 60% up from 36% in the previous year (4)

David Newlands, Chairman of PayPoint, said 'Transaction volumes have continued
to drive strong revenue growth and the operational gearing delivers strong
profit growth to the bottom line. PayPoint's investment in new signage and the
publicity surrounding the TV Licensing win have improved consumer-prompted brand
awareness to 60%, which is driving an increase in market share in all sectors.
PayPoint's retail network continues to expand, as do PayPoint's Epos
relationships, in which PayPoint connects to the retailers' till systems.
Investment in new communication infrastructure and expansion of our operating
base in Welwyn Garden City have given us a sound base for future growth.

Our acquisition of Metacharge will enable PayPoint to offer an internet payment
solution alongside our physical payment collection network, allowing our clients
a more comprehensive payment proposition. We are confident that this acquisition
will provide us with further growth opportunities.'

Ian

it's the sort of company that you can't imagine posting duff results!

more good news: LONDON (AFX) - Paypoint, the cash machine operator, said it has signed a three-year contract with Somerfield which will enable Paypoint to provide mobile phone electronic top-ups through their till systems in the majority of stores across the country from Nov 2006.

Excelent.

only this stock could sit on the AM homepage all day saying "Paypoint raises divedend as profits soar" and still have low volume. mind you it'll probably spike next week in true PAY fashion.

PayPoint
Shares: 655p +32p
Questor says Buy

Television licenses may be just one part of PayPoint's business, but it is perfect example of how far the company has come. Now the sole cash providers of TV licenses for the BBC, PayPoint has more outlets than the Post Office and has managed to steal a march on the old GPO and high street banks when it comes to cash payments.

Through its network of 16,325 over-the-counter terminals, it can process congestion charge payments, recharge gas meter keys, and even top up mobile phones. With its yellow and purple logo adorning an increasing amount of corner shops and newsagents across the country, the company is becoming a force to be reckoned with.

But it is not just its terminals business where growth exists. It has a developing cash machine business, and made its first acquisition of an internet payment service business.

Chief executive Dominic Taylor hints that this will be the first of many. He is keen on the one hand to expand his product suite in the UK, while looking to central and eastern Europe as a potential growth area due to the cash nature of the economy and the lack of existing infrastructure.

Taylor and his team are cutting the mustard, with half-year results to September producing profit before tax of 11m against 8.4m in the same six months last time. Consumer transactions rose 27pc to 178m with net revenue up 21pc to 25.8m.

In spite of a forward price-earnings ratio of a slightly toppy 23 times, PayPoint is well worth backing thanks to its high growth potential.

I think I can hear a whooooosh coming....love it!

I hold this stock, but am very surprised by the erratic movement of the sp over the last year. I would have thought that a FTSE 250 stock, which is showing huge signs of growth, would have shown a much stronger, sustained upward trend. No complaints, but it seem to be two steps forward & one step back all the time.

Well it would have been a whoosh if that darned seller had not appeared yet again. Someone either has too much stock or no faith in the company, or even both. Has to be the former methinks.

I am told that there are some big traders sitting on quite hefty profits having bought at below 550p during that dip in the summer. They are the ones getting out at the moment hence the mildly subdued shareprice.
Having said that we are expecting at least two broker notes early next week that will be rather positive on the Company.
When the sellers are out of the way (and it should not be too long) then expect the rise to over 700p (barring any general market calamaties of course).

We were buying heavily (for trading purposes) on Monday and Tuesday at up to 625p and were sellers of this trading position yesterday at 652p and 655p.

The core holding remains intact and, indeed, if there is a dip to below 640p today or tomorrow, we could indeed be buying again.

The long term outlook is still superb.

Ian

Cheers Ian - i was wondering how long that selling could last. Can't complain as i also bought cheaply in the summer, sold at 630p and bought back at 600p, except i'm a minnow and my trades matter not a jot to the price!

Any other players in while the going is good{this week}.

Am still holding this stock, but am amazed at how much the sp fluctuates, though I believe PAY went ex-divi on 30th Nov, so the sp was bound to compensate.
Am happy to continue holding, but would like to see an upward trend on the graph.

The next scheduled announcement fom the Company is a trading statement in early March.


Ian

wOULD YOU RECOMMEND PURCHASE NOW FOR SHORT TO MEDIAM TERM PROFIT?

I have been very disappointed with the performance of this stock.
If the price was to reach 650p, I would be very tempted to sell & take a small profit.
The graph is now struggling to break through the 200 DMA & is starting to show a downward trend.
PAY went ex-divi on the 30th Nov & paid 4.6p which was less that 1% of the sp, also disappointing, imo.
Personally, I would not recommend it if you are looking for short term profit. There are others which will give you a better return. But, on the plus side, this is not a high risk stock & long term may well produce good results.

agree this is low risk - if you buy in around 6 you've a good chance of making 5% short term if your canny enough.

These have been marked down heavily in today's malaise.

Very good value at current levels.

There should be a trading update in the second week of March.

Ian

Get in early doors in the morning,hold for a few months,easy money,with a big bounce in march to boot in the sp..

Buy big in Paypoint tomorrow...very good bargain at 560p

I could of stayed in bed no action here.

Steaming ahead towards 600p now !!!!

Was indeed marked down too much yesterday morning.

Ian

Didn't I say buy BIG at 560p? Yippee!

The trading statement is next Thursday I believe (15th March).

Ian

The trading update was excellent - the share price performance beyond my best expectations !!!!

Ian

Yep going great guns and further business to be passed over by the PO.

Yahoo! PAY approaching 700p. Got in at 560p during the correction 3 weeks ago (post 149 above) and more to come....

Well done Hlyeo98.

Nicely profitable already.

Forgot to say I think they will make a nice return on handing out State Benefits.

I think thats just over a year down the line. No doubt it will be an ATM which handles that for them with a juicy commision.

Havent had time to delve deeper after my week at the racing last week .

Just catching up today.

Lovely to see the break through the 700p barrier today.

A top quality share.

Ian

http://moneyam.uk-wire.com/cgi-bin/articles/20070515123900H7010.html

Expansion into Romania just announced.

Results out in a couple of days.

Exciting times (hopefully !!)

;o)

Fingers crossed Ian.

The volume today suggests that the figures will be just fine (he said hopefully !!)

Ian

The figures were fine:

HIGHLIGHTS


* Strong growth in both revenues and operating profit ahead 31%
driven by 29% increase in transactions
* Operating margin[2],[3], increased by 2 percentage points to 44%
* Earnings per share of 27.7p, up 11% notwithstanding an increase
in the effective tax rate from 17% to 30% as prior year losses
are fully utilized
* Total dividends for year 13.7p per share, up 30%
* Terminal network expanded by 15% to 17,537
* Bill and general payments transaction growth enhanced by
exclusive BBC TV Licensing contract
* Entry into rapidly growing internet payment service market
through acquisitions of Metacharge and SECPay
* International expansion through acquisition of Pay Store SRL in
Romania since the year end
* Brand continuing to gain traction with prompted consumer
awareness[4] over 70%

The reaction ...............

a complete lack of interest (as usual !!!)

;o)

Not from me Ian.

Still in and holding one mighty profit.

Sound solid results and the outlook statement is very exciting.

Holding with confidence even though it is on a fairly high rating, but hoping brokers will revamp their predictions.

With this Company I can get a better idea of the prospects by talking to the agents nearby.

The feedback is always very positive - the TV licence deal has transformed the amount of cash that many of the smaller outlets take.

As more and more people will also pay Council Tax via this option I reckon the prospects n the UK are still superb.

Add to this the plans to roll out similar operations in Europe and, despite the current rating, I still think there is plenty of scope for upward revisions by the brokers.

Ian

Not only that but payment of benefits is on the cards dont forget.

Daily Telegraph today:

PayPoint
709p-18p
Questor says: Buy

IN a simple twist of fate, on the same day the Government confirmed that up to 2,500 post offices will have to close across the country, one of the companies that helped contribute to its downfall posted a stellar set of full-year results.

Of course, to be fair, PayPoint cannot be blamed for the post office closures, it just did a better job of collecting cash to pay for everything from gas bills to the congestion charge than the Post Office did itself.

Both companies currently have roughly 17,500 outlets, but the key difference is that PayPoints increased by 15pc last year, while the number of post offices is clearly heading south.

PayPoints real coup over the Post Office was when it landed the exclusive contract for people to pay for their TV licences in cash. That business helped drive a 31pc increase in revenues to 157m in the year to March, generating pre-tax profits of 27m. The core UK business continues to be a growth market as PayPoint pursues opportunities to allow consumers to pay for online transactions in cash, via their outlets.

But the company is also looking abroad. It recently bought PayStore SRL, the leading independent Romanian mobile top-up provider. This is a great growth business because, due to a lack of infrastructure, 97pc of bills in Romania are paid in cash, with separate dedicated cash offices for gas, electricity, etc. PayPoint intends to change all that by creating a one-stop shop, a little like its counter-top terminals in corner shops across the UK.

PayPoints shares are trading on around 22 times earnings for the year to March 2009 and took a slight hit yesterday on profit taking. The shares are likely to plateau for a short time, but in terms of extended growth prospects, PayPoint has much further to go. One to tuck away for the long term.

Good tip that.

Obviously the Questor tip is wrong many a times.

Bad news on the way for Paypoint.

Only 400p now. More downtrend on the cards.

Keep on selling PAY as its profits will be largely affected by price cuts in electricity by Centrica and British Gas. I think a profit warning on the way as the electricity and gas company will have a price war soon and PAY will suffer even more.
Now 366p but more down trend to come. Sell now.

E.on cuts gas prices - bad news for Paypoint


Eon today became the third British energy provider to cut gas prices, reducing household tariffs by 6 per cent.

The average dual fuel bill will fall from 1,232 to 1,185, but the reduction will affect only 1.9 million of Eons 5.5 million British customers. Electricity-only customers or those on fixed-rate deals will not benefit from the cut.

Last week, Scottish & Southern Energy announced a 4 per cent cut to gas bills after a 7 per cent reduction by British Gas. EDF, ScottishPower and RWE npower have yet to adjust their rates.

The decline follows a sharp drop in wholesale gas prices over the past 18 months, which have tumbled from more than 1 per therm in mid-2008 to below 40p.

This is so expected. Yippee!

The cost of gas will have risen considerably since the last couple of posts
A good medium/long term punt imho
dyor

not much more than steady for the time being imo - maybe a few points north perhaps short term

wasnt overly impressed with the director buy of 35 shares!? matched by 35 free shares - maybe he can add some zeros to the 35

The £508 million cap is forcast to grow pre-tax profit by 11.3% to £41.4 million in 2013
rising to £44.9 million in 2014. It is trading on a 4% dividend yield.

Shares in Paypoint have had a great year, gaining nearly 60% over the past 12 months, and hit a new 52-week high of 800p today. The company, which operates retail payment networks in the UK, Ireland and Romania, issued an upbeat trading statement in July, and is due to report interim figures on 29 November

If the full year meets current forecasts, we should be looking forward to a dividend yield of 3.8% on top of all that nice share price appreciation.

Interim results Thursday

Half Yearly Report

Paypoint reports jump in transactions
By Michael Millar

Thu 29 Nov 2012

PAY - PayPoint

Latest Prices
Name Price %
PayPoint 857.00p +0.23%

FTSE 250 12,003 +0.94%
FTSE 350 3,122 +0.84%
FTSE All-Share 3,057 +0.83%
Support Services 5,226 +1.06%

LONDON (SHARECAST) - Paypoint, the electronic payments business, reported revenues and profits up in the first half after strong growth in the number of transactions it processed.

Revenue increased £6m - or 6% - overall to £101.7m, with pre-tax profits coming in at £18.3m, up 15.5%.

A lower tax charge boosted earnings per share growth 21% to 20.2p and the company hiked its interim dividend 17.2% to 10.2p.

The firm processed 345m transactions in the period, up 18% on the the year before.

This included UK and Ireland retail network transactions increasing 17% overall, with retail services showing growth of 24%.

Prepaid energy transactions increased 19%, helped by increases in prepaid meter numbers and tariffs.

However, its top-ups arm was hit by a decline in mobile top-up volumes in the UK and Ireland of 8%.

The company added that over 11.6m Romanian bill payment transactions were made in the period, up 38%, and the Romanian network continued to grow profitably.

Chairman David Newlands said Paypoint was trading is in line with the company's expectations for the current financial year.

"We intend to pursue further opportunities to enhance UK retail yield and to grow the Romanian retail network, thereby increasing market share in bill payment and retail services in both countries," he said.

"We expect continued progress in the internet and mobile payment channels."

The company said its parcels service had been profitable in the first half of the year, ahead of market expectations, with transactions more than doubling to 3.3m.

It added that Internet transactions were up 22% on the first half of last year to 41m as PayPoint.net added large merchants and grew organically in existing retailers.

:-))

certainly got clanged a bit this morning along with most other stocks

one bright spot for me is C+M Index which perversely is nicely blue

Certainly puts 1200p entry point further back in time.

StockMarketWire.com
Paypoint said overall trading, taking seasonality into account, for the period to 30 June 2014 was in line with the company's expectations.

"Our retail businesses are continuing to generate satisfactory growth this year. Combining the Mobile and Online businesses under the unified group brand should unlock better growth opportunities for the group over time," Paypoint said in a statement.

"We have increased development, marketing and IT spend in the first half, the benefits of which are expected in the second half of the year and therefore, profit growth will be lower than net revenue growth in the first half."

Of the Q1 performance, Paypoint said the overall transactions processed for the 91 day period since year end were 189.3 million, up 5% on the 179.9 million transactions processed in the same period last year.

Revenues of £53 million were up 4% on last year. PayPoint's net revenues were £29 million, up 9% against £27 million last year with growth seen in bill and general, top-ups, retail services and Mobile and Online.

UK and Irish bill and general transactions were down 4% on last year due to lower gas consumption. Retail services transactions (ATMs, debit/credit cards, parcels, money transfer and mobile phone SIM cards) were up 29% on last year.

Mobile top-ups continue to decrease as a result of the decline in the prepaid mobile sector. Other top-ups are growing. UK and Irish retail sites at 30 June numbered 27,705, up 463 since the financial year end.

In Romania, profitable growth continues. We have processed 12.3 million bill payments in the period, up 65% on last year. We have increased our terminal estate since the year end by 173 sites to 8,527. Our Romanian business continues to add new clients and services, including the recently launched service allowing Romanians to pay for their road tax at PayPoint sites.

Collect+ volumes increased by 43% to over 4.0 million transactions in the period, compared to 2.8 million last year, but costs have increased. There has been a small decline in Collect+ sites by 67 to 5,515, whilst we have been planning the next stage of our network expansion, which will be in place ahead of the Christmas peak.

Mobile and Online transactions increased by 14% to 36.1 million in the period, compared to 31.8 million last year with mobile transactions of 10.3 million up 45% and online transactions of 25.8 million up 5%. The business has rolled out the first phase of parking payment services in central Paris in the period, which in total has 155,000 parking spaces and will help mitigate the end of the Westminster contract earlier this month.

StockMarketWire.com
Barclays Capital downgrades PayPoint to underweight from equal weight.

StockMarketWire.com
Paypoint has improved its H1 pretax profit to £22.5m, from £21.3m a year ago. Revenue was £104.3m, from £102.2m. It proposed an interim dividend of 12.4p a share, from 11.4p.

CEO Dominic Taylor was pleased to report continued growth in net revenue and operating profits in the first half of this financial year, demonstrating the quality of the businesses and its retail channels.

"Our Collect+ joint venture continues to grow and the combination of our Mobile and Online business, which we announced in March this year, is progressing satisfactorily," he said in a statement.

"Looking ahead, we expect our retail networks in the UK and Romania to continue to deliver profitable growth from our breadth of services and extensive client base.

"We will continue to invest in network expansion, innovative retail technology and new services to improve retail network quality further. We anticipate that this will enhance our competitive advantage and increase retail yield.

"The integration of our Mobile and Online businesses under the unified group brand and investment in product development is expected to unlock better growth opportunities for the group. Trading since 30 September 2014 is in line with our expectations."

Highlights:
⬢ Good performance from retail networks, net revenue up 8.1%

⬢ Romanian bill payment transactions grew 53.0% including contribution from new road tax contract

⬢ Total retail network sites up, to 36,753 and Collect+ now over 5,800 going into Christmas peak

⬢ Mobile and Online transactions up 11.3% to 70.3 million, with strong parking transaction growth

⬢ New developments in areas including smart meters and advanced payments platforms

⬢ Record first half group transaction volumes at 373.4 million, up 6.1%

⬢ Operating profits up 6.0%, lower than net revenue growth due to investments made in the first half

⬢ Robust balance sheet with cash of £28.7 million

StockMarketWire.com
PayPoint expects to deliver FY results within the range of market expectations, despite lower than expected energy volumes in the third quarter.

Overall Q3 transactions processed for the quarter were 216.9 million, up 5% on the 205.6 million transactions processed in the same period last year.

Q3 revenues of £58 million were up 2% on last year. Net revenues2 were £32 million, up 4% from last year with continued strong growth in retail services offset by declines in top-ups and Mobile and Online.

"Bill and general net revenue was slightly higher than last year. Romanian bill payments continued to grow strongly. UK energy payments were held back, despite further growth in prepayment meters and increased PayPoint market share, as utilities have reported significantly reduced gas consumption. Furthermore, last year, we benefited from non-recurring set up revenues for the DWP's Simple Payment services.

"UK and Irish bill and general transactions were up 1% on last year notwithstanding the lower than expected gas consumption. Retail services transactions (ATMs, debit/credit cards, parcels, money transfer and mobile phone SIM cards) grew substantially, up 29% on last year.

"Mobile top-ups continued to decrease as the prepaid mobile sector declined, partially offset however, by an increase in other top-ups. UK and Irish retail sites at 31 December numbered 28,292, up by 295 since the half year end.

"In Romania, profitable growth continued. We processed 13.8 million bill payments in the period, up 27% on last year. We increased our terminal estate since the half year end by 268 sites to 9,024 and continue to add new clients.

"Collect+ volumes increased by 37% to over 5.8 million transactions in the period, with a record Christmas week of 598,000 transactions. Our Collect+ network continued to expand with an increase of 205 sites to 5,822 since the half year end.

"Mobile and Online transactions increased by 9% to 36.5 million in the period, compared to 33.4 million last year, with parking transactions up 17% to 9.6 million, despite the loss of Westminster, and online payment transactions up 7% to 26.9 million. Progress has been made in the aggregation of the Mobile and Online business. Nonetheless, net revenues in the quarter were lower than last year."

StockMarketWire.com
PayPoint said overall Q1 trading was in line with its expectations. Transactions processed for the quarter were 201.6 million, up 6% on the 189.3 million transactions processed in the same period last year.

Net revenues were £29 million, up 1% on last year with growth in retail services partially offset by a decline in Mobile and Online, mobile top-ups and bill and general. Revenues of £51 million were down 2% on last year.

UK and Irish bill and general transactions were in line with last year with a continuation of low levels of energy consumption. Retail services transactions (ATMs, debit/credit cards, parcels, money transfer and mobile phone SIM cards) were up 24% on last year.

While mobile top-ups continue to decrease as a result of the decline in the prepaid mobile sector, other top-ups are growing. UK and Irish retail sites at 30 June numbered 28,702, up 395 since the financial year end.

"In Romania, profitable growth continues. We have processed 14.5 million bill payments in the period, up 18% on last year. We have 9,272 outlets in Romania, up 38 since the financial year end and continue to add new clients and services," PayPoint said.

"Collect+ volumes increased by 22% to over 4.9 million transactions in the period, from 4.0 million last year. We continue our discussions with Yodel with respect to its proposed cost increases to Collect+. There has been a small increase in Collect+ sites by 25 to 5,856 since the financial year end.

"Mobile and Online transactions increased by 16% to 41.8 million in the period, compared to 36.1 million last year with parking transactions up 11% to 11.5 million and online payment transactions up 18% to 30.3 million."

StockMarketWire.com
Paypoint's H1 pretax profit has tumbled to GBP3.2m, from a year-earlier profit of GBP22.5m. Revenue was lower at GBP102.8m, from GBP104.3m. The just-finished period included a GBP18.2m goodwill impairment.

Interim dividend was hiked 14.5% to 14.2p.

"Looking ahead to the second half, we expect to conclude current Collect+ joint venture discussions with our partner Yodel and complete the sale of our Mobile and Online businesses," said CEO Dominic Taylor.

"Overall, we expect to make further progress across the business, with trading since 30 September in line with our expectations.

"Our dividend increase anticipates double digit growth in the dividend for the year as a whole and reflects our confidence in the business and its long term prospects."

OPERATIONAL HIGHLIGHTS:
- Record first half group transaction volumes at 399 million, up 6.9%

- Romanian bill payment transactions grew 15.6%

- Total retail network sites increased to 38,000 and Collect+ to 6,000 going into Christmas peak

- Mobile and Online transactions up 22.2% to 85.9 million

Numis comment today:
"A disappointing set of results/news. Continuing net revenue at £52m missed our £55m estimate, partly reflecting a decrease in prepaid electricity consumption. PBT was just £3.2m vs. -85% vs. our estimate of £21.9m, reflecting another significant write down in the value of M&O which management did not manage to sell in H1 as planned (now planned for H2 at a lower price) and the collect+ JV swinging back into loss reflecting courier cost increases. Excluding the goodwill writedown, PBT was £21.4m, slightly below our £21.9m estimate. The dividend at 14.2p was 3% higher than our 13.8p estimate, reflecting a higher payout ratio. We would anticipate downgrading our earnings forecasts to reflect weaker underlying trading, further M +O/Collect+ losses, possibly partly offset by some cost reductions, albeit we expect to increase dividend forecasts (reflecting an apparent willingness to increase the payout ratio).
● Numbers: Continuing net revenue was £52.3m (our est. £54.5m), explained as bill/ gen £26.2m (£28.5m), topups £11.1m (£11.1m) and retail £15.1m (£14.9m). PBT was £3.2m (£21.9m), explained as D&A -£2.9m (-£3.2m), other CoS -£5.4m (-£5.5m), admin costs/M+O losses -£23.3m (-£24.4m), collect+ JV -£0.4m (+£0.5m), further write down in M+O value -£18.2m (not expected) and net interest +£0.0m (+£0.1m). DPS was 14.2p (13.8p).
● M&O: Management said "Offers on the Online Payments business have not met expectations and accordingly, we have impaired the entire goodwill on this business." The balance sheet value is now £36m, having previously been written down to £55m and compares to the minimum £53m (acquisition prices paid only, i.e. not including management time, subsequent investment, time value of money, etc.) the company paid for those businesses."

Announcement of sale of Online Payment businesses
PayPoint is pleased to announce the sale of its Online Payment businesses comprising PayPoint.net and Metacharge to Capita, for a consideration of £14 million satisfied in cash at completion today.

Dominic Taylor, PayPoint's Chief Executive, said: "In line with our strategy, we are pleased to have agreed the sale of our Online Payment businesses. We announced our intention to sell our Mobile and Online businesses at our full year results last May, in order to focus on multi-channel payments where we have retail networks, to concentrate on our best prospects for future growth. We believe that Capita is a good owner to take these businesses forward and I would like to thank the management and employees for their contribution to PayPoint and wish them well for the future. We will update on the sale of the Mobile Payments business in due course."

Deloitte LLP acted as corporate finance adviser and Mills & Reeve LLP as legal adviser to PayPoint on the sale.

Jefferies International today reaffirms its buy investment rating on PayPoint PLC (LON:PAY) and cut its price target to 1100p (from 1330p).

StockMarketWire.com
PayPoint continued to make progress across the businesses in Q3. Retail services grew strongly, and the outfit's new terminal is in pilot in the UK. The company has made progressed development of its core epos software.

CEO Dominic Taylor said:
"Since the end of the quarter, we have also concluded the sale of our Online Payments business, further strengthening our balance sheet.

"However, our progress has been partially offset by the unseasonably warm weather and its impact on energy consumption, an extension of the additional costs in Collect+ to facilitate the shareholder discussion and a delay in the sale of our Mobile Payments business. The restructuring of our business continues apace.

"We aim to resolve the Collect+ joint venture arrangements and complete the sale of our Mobile Payments business by the time we report our full year results in May, so we can focus all our effort on the development of our retail networks."

Group net revenues were £35.0 million, up 1.8% from net revenues for the third quarter last year3 whilst revenues of £58.1 million were down 3%3. We saw strong growth in retail services of 22.7% and Mobile and Online of 9.6% offset by declines in top ups of 13.7% and bill and general of 2.4%, the latter mainly due to lower energy consumption.

Overall transactions processed during the quarter were 225.4 million, up 3.9% on the 216.9 million transactions in the same period last year. The adverse VAT ruling from HMRC, as previously reported, along with the unseasonably warm weather, has slowed the improvement in our results.

StockMarketWire.com
Paypoint has seen its FY pretax profit tumble 83.6% to GBP8.2m, from GBP49.6m, thanks to GBP48.99m of impairments, versus nil. Revenue was lower at GBP212.6m, from GBP218.5m.

Total dividend was 42.4p, from 38.5p.

"Following our decision to sell the mobile and online payments businesses, we have reviewed our capital requirements and allocation," the company said in a statement.

"Focussing on multi-channel payments where we have retail networks, simplifies our business and reduces the capital headroom we require. Given the high level of current changes in the business, we are adopting a cautious approach to the return of capital and plan to release the surplus over a period of five years at £25 million per annum.

"We will continue with a progressive dividend policy. It is our current intention not to borrow more than one times our earnings before interest, taxes, depreciation and amortisation. The first special dividend is planned for December this year.

"If there is a potential acquisition which offers better returns, we may defer the special dividend as appropriate. In addition, we will distribute the sale proceeds from the sale of online payments business, together with the final dividend from the year under review.

"We also intend to distribute sale proceeds from the mobile payments business once the sale is completed."

Canaccord Genuity today reaffirms its buy investment rating on PayPoint PLC (LON:PAY) and raised its price target to 1063p (from 1035p).

StockMarketWire.com
PayPoint said overall trading for Q1 remains in line with its expectations.

"We continue to make good progress on our strategy," said CEO Dominic Taylor.

"The commercial trial of PayPoint One is encouraging.

"Together with MultiPay, which is also progressing well, I am confident we have the platforms for extending and enhancing our proposition for clients and retailers."

PayPoint will release its half yearly financial report for the period ended 30 September on 24 November 2016.

These are doing quite well at the moment.

StockMarketWire.com
PayPoint has today reached agreement with Yodel Delivery Network Ltd for a new arrangement with respect for Collect+, which will put the framework in place for long-term growth in the premier parcels click and collect and returns network.

StockMarketWire.com
PayPoint (PAY), which offers a bill paying system in the UK and Romania, grew organic net revenue by 4.2% to £28.4 million in the three months to 30 June.

This was despite a 4.5% reduction in transaction volumes to 150.3 million, as a result of a decline in UK prepay energy volume.

UK retail services net revenue grew by 10.5%, driven by PayPoint One, card payment transactions and ATM transactions.

Romania net revenue grew by 16.1% at constant currency.

UK parcel volumes grew by 16.6% to 6.1 million.

Net revenue in bill and general decreased by 2.7% as transaction volume declined by 11.2%, driven mainly by a 15.1% reduction in prepay energy volume.

Dominic Taylor, PayPoint's chief executive, said: "The successful roll out of our innovative new PayPoint One terminal in the UK continues, following its launch last September. We are on target to achieve 8,000 installations by the end of this financial year, with 5,000 terminals already in service. This good progress underpins the board's confidence in our strategy and our full year outlook remains in line with previous guidance."

StockMarketWire.com
PayPoint's revenue fell by 4.1% to £97.6 million in the six months to 30 September, following the sales of PayByPhone and Drop and Collect.

The number of transactions processed slipped from 337.2 million to 295.2 million, with transaction value down from £4.9 billion to £4.7 billion.

The previous six month figures include the results of the mobile payments business PayByPhone, which was sold on 23 December 2016, and Drop and Collect before the company's renegotiation with Yodel, which completed on 16 December.

The ongoing retail networks business grew revenue by 2.3% to £97.6 million, but pre-tax profit fell by 3% to £24.4 million as a result of higher costs associated with its investment in PayPoint One, MultiPay and improving customer service.

The company said progress is being made in reshaping the business towards future growth opportunities in retail services.

The company has declared an interim ordinary dividend of 15.3p per share, an increase of 2% year-on-year, alongside the additional interim dividend of 12.2 pence per share, resulting in an incremental payment of £18.7 million to shareholders.

Liberum Capital today reaffirms its buy investment rating on PayPoint PLC (LON:PAY) and raised its price target to 1000p (from 980p).

"In addition, we have an excellent professional relationship with many top rated banks, stock brokers, financial institutions and consultants all over the globe."

BUT NOT ON HERE!

Don't wreck our threads with your unpaid for advertising!

Go through the proper MoneyAM channel: Advertise with MoneyAM

Blimey, that's a bit of a cheek!

StockMarketWire.com
Paypoint said revenue fell 1.6% to £55.6m in the six months to 30 September.

The company revealed underlying growth of £1.8m, or a 3.2% increase excluding the £2.2m impact of the closure of the Department of Work and Pensions' Simple Payment Service (SPS) and revised Yodel commercial terms.

HIGHLIGHTS:
- Underlying net revenue growth was driven by strong performance in UK service fee revenue, up 39.8%, and in Romania, up by 33.2% to £6.8m, which was partially offset by the marginal decline of £0.3m in UK bill payment and top-up net revenue

- Network costs of £30.2m were £1.9m lower than last year of £32.1m and include a £1.7m benefit from improved VAT recovery. Excluding this, costs were slightly lower than the £32.1m for the same period last year, reflecting the ongoing improvement in operational efficiencies, partially offset by £1.1m increase in Romania driven by including Payzone overheads for six months

- Profit before tax of £25.3m was up 4% including a £1.7m benefit from improved VAT recovery related to prior years

- Net corporate cash of £0.6m reflects cash balances of £6.6m less £6m financing facility usage

- Client funds and retailer deposits at period end increased to £32.7m primarily due to recognising retailer deposits on the statement of financial position

- Continued strong cash conversion with £27.6m cash generated from profit before tax of £25.3m

- Ordinary interim dividend of 15.6p per share, an increase of 2%. Additional interim dividend of 12.2p per share. Total dividend of 27.8p per share

CEO Dominic Taylor said: "I'm pleased with the progress PayPoint has made over the past six months.

"We are executing against the roadmap and our strategic priorities outlined in May, delivering underlying net revenue growth of 3.2% and reported profit before tax growth of 4%.

"The business also continues to innovate in an evolving retail and payments environment, developing new technologies and propositions that are transforming the way our customers operate and run their businesses.

"The roll out of PayPoint One has continued at pace, expanding to 11,246 sites and with EPoS Pro now live in 4783 sites.

"We remain on target to achieve 12,400 PayPoint One sites by 31 March 2019.

"Service fee revenue from PayPoint One also grew by 39.8% in the period, contributing to the increase in underlying net revenue, with the new terminal providing tangible benefits for our retailers, enabling retailers to drive increased profitability and efficiency in their stores.

"In parcels, our new carrier partnership with ebay is now live in 2,500 sites ahead of the festive season and we remain focused on delivering at least two additional carriers in 2019.

"E-money and MultiPay volumes grew strongly and a further six clients were secured including one of the UK's fastest growing digital bank challengers, Monzo.

"In Romania, we continue to see good growth as we integrate Payzone.

"The good performance of the first half underpins the board's confidence that as PayPoint's growth drivers continue to develop there will be progression in profit before tax for the full financial year to 31 March 2019."