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PAY Paypoint Plc

480.50
-2.00 (-0.41%)
Last Updated: 12:13:40
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Paypoint Plc LSE:PAY London Ordinary Share GB00B02QND93 ORD 1/3P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00 -0.41% 480.50 21,648 12:13:40
Bid Price Offer Price High Price Low Price Open Price
477.00 483.50 483.50 475.00 476.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Adjustment & Collection Svcs 167.72M 34.71M 0.4776 10.04 348.49M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:01:13 O 30 481.62 GBX

Paypoint (PAY) Latest News

Paypoint (PAY) Discussions and Chat

Paypoint Forums and Chat

Date Time Title Posts
19/4/202410:34::: PAYPOINT :::1,051
17/1/202421:09Paypoint - Kerrching.1
30/4/201918:58Paypoint1,016
11/11/201419:54I just bought Paypoint - this is why...-
11/3/200819:13ANYONE SHORTING PAYPOINT10

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Paypoint (PAY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:01:14481.6230144.49O
10:44:44481.60206992.09O
10:43:43480.50314.42AT
10:43:43480.5014.81AT
10:43:43480.50100480.50AT

Paypoint (PAY) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Paypoint Daily Update
Paypoint Plc is listed in the Adjustment & Collection Svcs sector of the London Stock Exchange with ticker PAY. The last closing price for Paypoint was 482.50p.
Paypoint currently has 72,678,765 shares in issue. The market capitalisation of Paypoint is £348,131,284.
Paypoint has a price to earnings ratio (PE ratio) of 10.03.
This morning PAY shares opened at 476.50p
Posted at 21/3/2024 15:23 by doom4gloom
SP is likely to follow Divi. i.e. if that increases so will the share price At the moment profits are being used to pay down debt so the divi isn’t increasing so much. As debt gets lower then share price should also startto reflect that. In the meantime its a case of trade the range, eventually it will break out
Posted at 24/1/2024 08:19 by masurenguy
Currently valued at a PER of circa 8 with a yield of 7.5% and Liberum has a target price of 1100p.

Trading update for the three months ended 31 December 2023

A positive quarter with PayPoint Group on track to deliver c.£80m of underlying EBITDA, net debt below £70m and underlying PBT in line with expectations for FY24

HIGHLIGHTS

Positive performance across the Group

Group net revenue increased by 59.8% in the quarter to £52.0 million (Q3 FY23: £32.5 million). PayPoint segment net revenue increased by 2.8% to £33.4 million.

Shopping

Shopping divisional net revenue increased by 6.0% to £16.4m (Q3 FY23: £15.4m), driven by the growth of our PayPoint One/Mini estate and a positive performance in our cards business.

E-commerce

E-commerce divisional net revenue increased strongly by 34.3% to £3.1m (Q3 FY23: £2.3m) and transactions grew by 54.3% to 26.2m (Q3 FY23: 17.0m) through our e-commerce technology platform, Collect+. This division has now processed over 68.3mn parcel transactions year to date, surpassing the 56.4m transactions processed over the whole of FY23.

Payments & Banking

Payments & Banking divisional net revenue decreased by 5.5% to £13.9m (Q3 FY23: 314.7m): with further growth in our digital payments platform, MultiPay; offset by the expected impact of the Energy Bills Support Scheme (EBSS), which was a one-off activity that ran in the same period last year; and a continued reduction in cash bill payments.

Love2shop

Love2shop divisional net revenue of £18.5m, driven by the positive performance in Park Christmas Savings, which has returned to growth for the first time in six years

Balance Sheet at 31 December 2023

The Group had net corporate debt of £71.2m (31 March 2023: £72.4m), down from £83.2m at the half year, comprising cash balances of £26.8m (31 March 2023: 22.0m), less loans and borrowings of £8.1m (31 March 2023: £94.4m).

Dividend

The Board have declared an increased interim dividend of 19.0p per share, consistent with our progressive dividend policy, and representing an increase of 2.2% vs the final dividend declared on 26 May 2022 of 18.6p per share. The dividend is payable in equal instalments of 9.5p per share on 29 December 2023 and 5 March 2024.

Nick Wiles, Chief Executive of PayPoint Plc, said: "This has been another positive quarter for the PayPoint Group and we remain on track to deliver c. £80m of underlying EBITDA for the current year, an important milestone on our journey to achieving £100m EBITDA by the end of FY26, ending the year with net debt below £70m and delivering underlying PBT in line with expectations. This performance reflects both the resilience of our businesses and the benefits from the transformation delivered over the past three years as we unlock further opportunities and growth for our enhanced platform and expanded capabilities."
Posted at 06/12/2023 01:13 by stoopid
PAY have lost over 15% of their market value in 3 weeks after a positive trading update. With no news comming in the near future (next update is possibly trading update in March/april) will PAY share price just drift?
Posted at 23/11/2023 07:15 by masurenguy
Results for the half year ended 30 September 2023

Strong revenue growth across the Group and significant progress with ongoing business transformation

FINANCIAL HIGHLIGHTS

-- Group net revenue1 of £79.8m (H1 FY23: £59.5m) increased by £20.3m (34.1%)

-- Net revenue from PayPoint segment of £62.3m (H1 FY23: £59.5m) increased by £2.8m (4.7%)

-- Underlying EBITDA2 of £31.1m (H1 FY23: £28.3m) increased by £2.8m (9.9%)

-- Underlying profit before tax (profit before tax excluding adjusting items)3 of £21.8m (H1 FY23: £23.6m) decreased by £1.8m (7.5%) reflecting our continued investment in the business for growth, increased financing costs, the expected H1 loss from the Love2shop business, and depreciation and amortisation from the core PayPoint business

-- Underlying cash generation excluding exceptional items4 of £15.6m (H1 FY23: £28.3m), reflecting a seasonal increase in working capital of £12.6m following the Love2shop acquisition

-- Net corporate debt5 of £83.2m (H1 FY23: £39.4m) increased by £3.8m. This is due to increased financing costs related to the acquisition of Love2shop and seasonal working capital movements, and is expected to reduce below the starting position of £72.4m by the end of the current financial year

-- Increased ordinary interim dividend of 19.0p per share declared, consistent with our progressive dividend policy, and representing an increase of 2.2% vs the final dividend declared on 28 July 2023 of 18.6p per share

Nick Wiles, Chief Executive of PayPoint Plc, said:"This has been a positive half year for the PayPoint Group with a period of significant activity supporting a number of key initiatives across the business: the acceleration of our sales efforts delivering growth in each of our product estates; a strong new business pipeline for our integrated payments platform; and driving new opportunities which leverage our enhanced capabilities, including the first initiatives live following the acquisition of Love2shop. It is testimony to the transformation of the business that we continue to deliver overall Group net revenue growth in a period where energy sector net revenue has decreased by almost 20% and against the background of uncertain consumer behaviour and weakening confidence due to the Cost of Living challenges.

Our partnership philosophy across the Group, combined with an intensity and focus on execution, is continuing to unlock new markets and revenue opportunities for us, including successfully launching our Park Super Agent network with The Fed to over 1,500 retailer partners; Love2shop physical gift cards now live in over 2,600 major multiple retailers; an expanded partnership with Yodel and Vinted leveraging our Collect+ Store to Store service; our success in Open Banking working with Ovo and the Department for Energy Security and Net Zero; our first significant win in the charity sector with East Anglian Air Ambulance; and the continued momentum in our PayPoint Engage proposition, helping major brands to connect with consumers in the convenience sector.

Following the acquisition of Love2shop, the seasonal balance to profit and cash generation in our business has now changed, resulting in a more H2 weighted performance and contribution to the financial year as a whole. Encouragingly, our trading momentum in the business has remained strong into the second half of the year. We continue to identify new opportunities to innovate and leverage our platform and the unique strengths of our extensive client base, accelerate the onboarding of new client business, while delivering a strong performance in our important seasonal businesses in parcels, Park Christmas Savings, Love2shop and energy. Our continued focus on execution underpins our confidence in delivering a strong second half, further progress for the year and the Group trading in line with expectations."
Posted at 09/9/2023 09:12 by tole
https://citywire.com/funds-insider/news/expert-view-pets-at-home-paypoint-osb-johnson-harbour-energy/PayPoint is too cheap, says LiberumPayment services group PayPoint (PAY) is 'too cheap' given its strong position on the high street and positive business momentum, says Liberum.Analyst Joe Brent retained his 'buy' recommendation and target price of £11 on the stock, which was trading at £5.57 on Thursday.An operational update from the group indicated 'continued positive momentum in all divisions', said Brent, with first-quarter results confirming a positive start to the year.The first quarter saw shopping as a 'continued site growth', excellent volume growth in e-commerce, and further strength in the uptake of Love2shop gift cards. However, there was slow growth in payments and banking over the three months.'We maintain our earnings and net debt estimates. The target of £100m Ebitda [earnings before interest, taxes, depreciation and amortisation] in full-year 2026 suggests earnings per share of 88p,' said Brent.'PayPoint's position on the high street differentiates it in the crowded payment space: the current year 2024 price/earnings of 7.6 times and an ordinary yield of 7.7% are too cheap.'
Posted at 01/8/2023 09:15 by stevensupertrader
As PAY share price went up, current yield is under 7% - one cannot get it both ways
Posted at 05/7/2023 09:22 by stevensupertrader
2023 not 2022 - Paypoint Internal Auditor didn’t do a proper due diligence on Appreciate otherwise all the relevant certifications and paperworks etc would be available for the External Auditor to see and verify . Likely the takeover of Appreciate was not at ‘Arm’s length’ .
If so this will cause a sharp drop in PAY share price. 😞 😞
Posted at 02/6/2023 01:15 by stevensupertrader
The question now is - if Paypoint share price was undervalued at the current price ,why no approach or takeover by any Company but major shareholders buying just to add .
The reason I guess now and until the release of the F/Y result including Appreciate trading on 6 July , will give a clearly indication to other Companies to consider a takeover approach .
Therefore , Share Price will still drip and drip till the announcement date.
Already the last month , the sellers tested the confident uncertainty issue with low daily trading volume and able to manipulate the Share price down daily . This destroy Shareholders confidence and Company Share Price in the meantime which may or maybe recover
Posted at 10/5/2023 16:07 by brucie5
Mark Simpson likes them. And holds. As do I.



PayPoint (LON:PAY)
Many will think of Paypoint as the supplier of payment terminals in post offices and newsagents. They may also believe these types of payments are in terminal decline (pun intended!). However, Paypoint is expanding its business into complementary areas, including via its recent acquisition of employee rewards company Appreciate. Part of this payment for this business was in shares, and the overhang of small positions from Appreciate holders may be one of the reasons the share price has been weak this year.

One of the other advantages of Paypoint is that it earns interest on the significant customer cash balances it holds. This means that it benefits from a rising interest rate environment, unlike many listed companies.
Posted at 10/2/2021 15:47 by ukneonboy
As far as I can tell, the RNS info confirming the purchase was NOT released until lunchtime today, so I suspect the City is not yet fully familiar with RSM2000 and it's business model.

Interestingly, RSM2000 handles card payments whereas PayPoint mainly handles cash, so bolting the two business operations together makes a lot of sense.

I dont think the RNS info actually stated the exact price (consideration) being paid to the vendors of RSM2000, but no doubt this will become public knowledge at some point in the near future.

(See RNS below)

PayPoint announces the acquisition of RSM 2000
================================================================

Significantly enhances digital payments capability and sector reach as
part of continued step change in strategic delivery


-- Founded in 1999, RSM 2000 provide a wide range of digital payment
solutions, including Direct Debit processing, card and text payments and
innovative mobile event payment solutions to a significant number of
clients across diverse sectors, including charities, not-for-profit
organisations and SMEs in the UK

-- Enhances PayPoint's existing MultiPay digital payments portfolio - brings
Direct Debit processing and BACS Bureau capability in-house and adds
facilities management accreditation enabling management of Direct Debits
on behalf of clients

-- Enables PayPoint to offer additional digital payment services to existing
clients and reach into new sectors, including Text Donation product for
charities and EventPay solution to support digital payments within the
Events and Live Entertainment Sector

-- Combination of RSM 2000's capability with PayPoint Group's existing
client sales and marketing expertise to accelerate revenue growth in
digital payments

-- Strong margin business delivering accelerated future growth - GBP2.1
million gross revenue and adjusted EBITDA of GBP0.1 million in financial
year ended 31 March 2020

-- Over 700 clients across a diverse range of sectors with high customer
satisfaction (+56 Net Promoter Score)

-- Transaction expected to complete in first quarter of 2021/22 financial
year, subject to regulatory approvals


PayPoint is pleased to announce that it has signed an agreement to
acquire RSM 2000 Ltd ("RSM 2000"), a leading digital payments business
providing innovative solutions to a significant number of clients across
diverse sectors, including charities, not-for-profit organisations and
SMEs in the UK.

PayPoint is well-placed to take advantage of the trends that have
accelerated over the past year due to Covid-19, including the continued
shift from cash to digital payments, and the acquisition of RSM 2000
reinforces that position. The UK Direct Debit market continues to expand,
with over 4.5 billion payments with an overall value of GBP1,327 billion
made in 2019. Direct Debits are used by 90% of the UK population to pay
some or all of their regular bills.

The acquisition will significantly enhance PayPoint's existing MultiPay
digital payments portfolio: bringing Direct Debit capability in-house,
adding innovative mobile payment products and enabling reach into new
sectors, such as charities, not-for-profit and events. Their innovative
EventPay solution provides card terminal hire and connectivity for SMEs
attending shows and fayres across the UK -- an opportunity of over
30,000 events a year with over 10,000 visitors.

Adjusted EBITDA in the financial year ended 31 March 2020 of GBP0.1
million and profit before tax GBP0.1 million. The gross assets as of 31
March 2020 were GBP2.3 million.

The acquisition is subject to regulatory approvals and, therefore,
completion is anticipated to take place in the first quarter of 2021/22
financial year.

Nick Wiles, Chief Executive Officer of PayPoint plc, said: "Our
acquisition of RSM 2000 is the latest step in the acceleration of our
strategic delivery, significantly enhancing our digital payments
capability and enabling reach into new sectors, such as charities and
events. This strengthens PayPoint's position further to take advantage
of the trends that have accelerated over the past year due to Covid-19,
particularly the continued shift from cash to digital payments. I'm
delighted to be welcoming the RSM 2000 team to the PayPoint Group,
bringing a wealth of expertise from their 20 years in digital payments."

Nigel Walters, Managing Director of RSM 2000, said: "I'm incredibly
proud of the business we've built, providing innovative digital payments
solutions to clients in a diverse range of sectors. I believe we've
found the right home in the PayPoint Group to take us to the next stage
of our growth and benefit from the scale, expertise and market
leadership that they have built in omni-channel payments and technology
over the last 24 years."
Paypoint share price data is direct from the London Stock Exchange

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