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.

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."