Paypoint Share Discussion Threads

[shazx] 09/2/2016 07:23

Paypoint agents have had their commission slashed to the point that the banking charges on Paypoint cash now outstrips commission earned. Those who are coming to the end of their contract are not renewing. After tying agents into new contracts then slashing commission further, they have angered thousands of agents. When these agents contracts are up, there will be nowhere for the public to pay their bills. Can not see how this company will survive long term on this business model.

[nehpets81] 02/2/2016 11:15

Well you got your 800p. Is this looking good value now? I suppose the warm weather is a one-off issue and the decline in mobile top-ups has been well documented. Collect+ is looking like it is becoming a bit of an issue though, I had high hopes for that too.

Aside from geographic expansion, it is hard to see where any growth is going to come from but we have bit of a stonking yield here now and the shares are starting to look cheap on a PE basis. I'm not betting against that chart just yet but these are looking interesting imv.

[mr.oz] 19/1/2016 16:13

800p entry point?

[mr.oz] 26/11/2015 19:13

What's your point Bob?

[johnv] 25/6/2015 11:39

Ex divi today, I believe

[cockneyrebel] 18/6/2015 13:00

XD next week for 26.1p divi

CR

[uhound] 29/5/2015 15:08

A profit is a profit and 10%+ in two days not a bad return!!

[werty5] 29/5/2015 14:07

Mind made up have sold think headwinds at £10 might be a bit much at the moment if price sinks might look again at £9.00 or of £10 breaks could also be worth another look.

[werty5] 29/5/2015 13:39

Raised my stop-loss up to £9.40 now thought that PAY would have a easyish ride up to £10 once it had cracked £9.00 but there is some heavy resistance at £10 so still making my mind up about cashing in now or letting it run with a £9.40 stop-loss safety net.

[werty5] 29/5/2015 13:32

Yes Uhound and Pic and Eto at the moment could say I have hit a bit of a good patch. Unfortunate that you got out at the wrong moment but we have all done that.

[uhound] 29/5/2015 13:14

That's more like it!

Interesting to see if it can carry on back to £11+. probably will now I'm out!

Werty5 I see your also in on Anite too.

[werty5] 28/5/2015 07:16

That statement was better than I had expected.

[uhound] 27/5/2015 20:09

Will continue to follow and can always re-enter if momentum returns following good news!

[werty5] 27/5/2015 14:06

Good luck Uhound agree was hoping to see a move above £9.00 which would stick but has not happened. However I am sticking it out until tomorrow to see what happens is that right who knows? Good luck with your future investments.

[uhound] 27/5/2015 10:55

I'm out!
Shares just not reacting as I expected and fear disappointing news tomorrow could hit the price hard.

Will take my small profit in move on.

Good luck to those keeping the faith.

[isalolly] 23/5/2015 19:23

The retailers are rebelling in the light of PayPoint's announcement that they're cutting commission rates. They were already low but the planned cut, which could shave about £7M off PayPoints costs, means that virtually all retailers will be making a loss on all PayPoint transactions.

Essentially the retailer takes cash in respect of utility bill payments, banks the cash & Paypoint then debit it from the retailers account to pay the utility. The charges that the banks make on the cash handling for the retailer exceed the commission that Paypoint pays to the retailer.

The outgoing Goddard made an extraodinary comment to "The Grocer" this week considering that the annual results are due out next Thursday. He said "What we are doing here is a response to commercial pressure we are under."

To me that implies that the profit & margins are under threat and doesn't bode well for the future. The retailers have got their gander up & if PayPoint report either improved profits or an increased dividend now in the light of what Goddard has just said they're likely to leave in their droves.

PayPoint has 28,000 outlets, half of them independent retailers, it's in trouble without their backing.

So good results & increased dividend, they're in trouble. Poor results & they're still in trouble. Either way, it doesn't look good. I'm afraid making your decisions based on charts and trends isn't much use when this sort of news is around. Best to stay clear until the dust settles. If it does.

[jusmasel99] 20/5/2015 06:55

Was this information not worthy of an RNS?

business
Following the unprecedented backlash over retailer commission, under pressure PayPoint has announced that UK managing director Seamus Smith and retail director Andrew Goddard are to leave the business.

Staff at the company’s Welwyn offices were told of the move following a board-level discussion last week. Retail Express understands that neither role is being replaced.

The decision to part ways with more senior figures follows the hushed announcement last week that chairman Warren Tucker has also left the business.