Payzone Share Discussion Threads

[burgerking2008] 28/2/2009 22:22

sinking fast this ship is/ Yoda

[cazzad] 28/2/2009 13:33

I agree with Stewart_25. The shares could have been that high if not more with MMills in charge. I feel at the time the major sharholders were being too greedy and were expecting high profits which were impossible to reach, so brought in a new chairman. What good that did. Saw him once and that was it. Now look what's happened!!!

Seeing how the company had progressed (or not) from the inside, I know a bit of how the company has changed. Don't know much about running a company, but know that the proper workers within the business are not looked after and respected like MMills and NMills used to, so the moral of the staff are very low and probably are now, and this plays a big part in making a business a great business.

The board now don't see that and look what has happened. These guys at the top (board of Directors) haven't a clue. They couldn't run a bath, never mind a business. They may have succeeded within other sectors (or did they) but this one... well enough said.

I may sound bitter, but it is a sad affair when something supposedly needs change but changes for the worst.

Everything seems to have gone T_ts up since the Cardpoint/Payzone merger. It was shown to be that Cardpoint were taking over Payzone, but that wasn't the case. Cardpoint staff had no say in the running of the business what so ever.

The only way this company will improve is if they bring in new directors in who know about the ATM sector and look at every aspect of the business and control it properly, before any further sales or acquisitions are made.

Thank you for listening.

[burgerking2008] 27/2/2009 01:26

Agreed with you Cazzad 100% -

[stewart_25] 26/2/2009 09:46

cazzad am with you there! MMills would have taken this over £2 given the chance - there was always a good news flow as well - since he gone the news has dried up and we know fek all about whats going on!!!

[cazzad] 22/2/2009 11:37

All I can say is.... The chaps haven't got a clue about running a business. The people who voted MMills out years ago should be a shamed of themselves. It would never have come to this.

[badgerboy3] 19/2/2009 21:51

these share are cheap as chip at the mo

[badlad21] 18/2/2009 21:31

Narcosis78 - very interesting comment! You know something or is this pure speculation!
I heard that at the end of January the two most senior finance people in the ATM side of the business left on their own accord. I thinks this says more about the state of the current business and any share price movement.


And here is what is happening in Ireland at Head Office!

Sorry to dampen your enthusiasm.............

[narcosis78] 17/2/2009 12:31

Hold on to your hats, here we go, time to rocket!

[stewart_25] 05/2/2009 15:02

yeah - its climbing...
is MMills still looking in on here - if so bet you are having a right laugh at what the (new) management have managed to do with such a promising company?

[pjnboeing737] 16/1/2009 15:48

Let's nationalise it !

[heidigynne] 05/1/2009 23:30

Don't file accounts;

Suspension.

Delisted.

Tis what makes an AIM listing so attractive.

[badlad21] 05/1/2009 23:21

Its now January - where are the accounts? I thought Plc's only had 3 months to file their accounts with Companies House, anyone heard anything?

Not looking good for us shareholders I fear, no news is not normally good news.

[casperaji] 25/12/2008 06:52

what is there core busines? Pin or phone?

[fatcol] 24/12/2008 08:49

Merry christmas to one and all - let's hope 2009 brings us some much needed good news. ATB FatCol

[fatcol] 18/12/2008 12:03

Badlad 21 - I too am a non-corporate shareholder from the pre-merger days when the share price was in excess of £1. Back in those days, I could never have imagined a day when the share price would not just fall sharply, but drop to almost zero, without the Management issuing statements. The financial losses are an issue for sure, but as you say, if we at least had some info from the current Management team, explaining their plans to recover the situation, we could take 'a view' on the situation in the short/medium/long term.

Potter 0505 - your defense of the current Management team is admirable, if a little surprising. If in fact you are on the inside, then perhaps you could politely 'suggest' that they communicate with the very people who have got their cash in this business. Irrespective of the previous Management teams performances and what each person on this forum thinks about them, the current team are the ones steering this ship, and as a shareholder, I think I have a right to expect more information from them.

As Badlad says, if you are one of the ones trying to sort this mess out, then best of luck to you.

[badlad21] 09/12/2008 22:20

Potter 0505 - do tend to agree with most of your comments, if you going to make cheap shots don't do it on a public web site. You seem to have inside knowledge of what is happening at the company - maybe you one trying to turn it round - wish you good luck.

As a large shareholder (non corporate) in the old Cardpoint when the shares were worth 95p before the merger can you tell the serious shareholders on here is the share price of a penny today, all down to the Mobile Top Up business decline as there are stories of other major contract losses on the ATM side other than the Welcome Break contract which as come out into the general news?

Any information is always greatfully received as there is never any official news from the Irish Office.

[guappo2] 08/12/2008 19:43

Trunner

From the contents of your post im not sure that any former employees would be bitter about being part of this company anymore. Sounds like remaining staff have got their work cut out !!

To them i say good luck. Sounds like they'll need it !

[potter0505] 08/12/2008 11:18

Trunner

Maybe you would like to expand on your comments. Making borderline libelous comments under the guise of it being information from a "friend of a friend" is bang out of order in a public forum. I know exactly what you are referring to and its another example of former employees who are bitter at not being part of the company anymore circulating frankly ridiculous rumours that reflect more about them than the people they are attacking. Some of the comments made on this forum have been so far wide of the mark as to be embarrasing. Firstly there have been claims that the entire sales team have left or been sacked - wrong - the sales team today is the same as it was before the merger. Secondly people have questioned the motivation of the current team - if it is so low why are they all still there, no-one of any note has left and it is my belief that they remain committed to turning around a situation that they inherited from the poor judgement of not just the Bob Thian team but the previous one. The current management seem to be doing a good job clearing the decks of some of the poor sites they inherited, that no-one has dealt with for years on end, and sorting the operations from one that had numerous operating models inherited from previous purchases which were never properly integrated into a simpler, more cost effective model that they can use to take the business forward. No-one is saying it is easy but while former managers are sunning themselves in villas paid for by the same small shareholders that they are misrepresenting on this forum then they should, IMHO, leave the current management to get on with sorting the issues that they inherited. I'm sticking with this share as i think the company will come out of tough times a sleaker, more professional and cost effective one that will come good once more.

[trunner] 06/12/2008 03:48

I've had a tip off from a friend of a friend!! that the current ever so successful top man over ATMS has a few fingers in other pies.

Everybody is still pointing a finger at Thian and his cronies but 12 months later the ship has sunk further and further through downright mis-management. Lets start holding the current people in charge to account, it is ever so clear that they have let a bad situation get ever so worse without having to explain. Answers please but i wont hold my breath.

[fatcol] 05/12/2008 09:59

Bob Thian springs to mind....

[danny678] 03/12/2008 21:48

The Chief Executive's & Chairman's Handbook

The classic 21-point career plan for a new Chief Executive or Chairman goes like this:

1. Agree an amazingly generous salary, bonus, perks and LTIP package.

2. Settle your bottom comfortably in a swivelling chair behind a very large desk.

3. Order an even bigger desk and a better-padded chair in a more luxurious office suite.

4. Recruit a surprisingly attractive PA.

5. Announce that you have inherited a company in crisis. Issue a shock profit warning accompanied by massive provisions, setting a conveniently low base for recovery.

6. Appoint highly paid management consultants to conduct a top-to-bottom strategic review.

7. Sidestep questions on what exactly a Chief Executive is for, if management consultants need to be appointed to determine the company's strategy.

8. Replace your finance director and auditors, to help cover your tracks.

9. Negotiate an even more generous salary to reflect the massive challenge of turning round the company that you now unexpectedly face.

10. Agree new LTIPs to reflect the enormous drop in the share price since your appointment.

11. Announce results of the strategic review, which has cost over £1 million and taken six months to state the bleeding obvious.

12. Botch its implementation, so that the expected recovery does not take place. Issue a series of further profit warnings (traditionally, a minimum of three).

13. Start sleeping with your surprisingly attractive PA to alleviate stress.

14. Bring in a new set of management consultants, who recommend 'focusing' the business through the sale of any remaining assets that actually make some money.

15. Achieve lower than expected returns from this fire sale.

16. Recommend acceptance of a derisory takeover bid for the rump of what was once a half decent business.

17. Exit the smoking ruins with a £1 million pay-off to cushion the pain of redundancy, and the thanks of grateful shareholders for getting the appalling company you inherited into a saleable condition.

18. Join a Government taskforce to advise on why British business is not fulfilling its potential.

19. Gain a suitable honour (CBE or above) for your important contribution to public life.

20. Apply for a new job as Chief Executive or Chairman.

21. See 1.

This is, of course, a completely theoretical scenario, and any passing resemblance to any actual Chief Executive or Chairman living or dead, is entirely coincidental.