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PAY Paypoint Plc

527.00
-4.00 (-0.75%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Paypoint Plc PAY London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-4.00 -0.75% 527.00 16:29:58
Open Price Low Price High Price Close Price Previous Close
530.00 519.00 530.00 527.00 531.00
more quote information »
Industry Sector
SUPPORT SERVICES

Paypoint PAY Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
23/11/2023InterimGBP0.09501/02/202402/02/202405/03/2024
23/11/2023InterimGBP0.09530/11/202301/12/202329/12/2023
24/07/2023FinalGBP0.09310/08/202311/08/202301/09/2023
24/11/2022InterimGBP0.09202/02/202303/02/202306/03/2023
24/11/2022InterimGBP0.09201/12/202202/12/202230/12/2022
26/05/2022InterimGBP0.0901/09/202202/09/202230/09/2022
26/05/2022InterimGBP0.0909/06/202210/06/202225/07/2022
25/11/2021InterimGBP0.08503/02/202204/02/202207/03/2022
25/11/2021InterimGBP0.08502/12/202103/12/202130/12/2021
27/05/2021FinalGBP0.08326/08/202127/08/202130/09/2021
27/05/2021FinalGBP0.08324/06/202125/06/202129/07/2021
26/11/2020InterimGBP0.07804/02/202105/02/202108/03/2021
26/11/2020InterimGBP0.07803/12/202004/12/202029/12/2020
28/05/2020FinalGBP0.07827/08/202028/08/202028/09/2020
28/05/2020FinalGBP0.07825/06/202026/06/202027/07/2020
28/11/2019SpecialGBP0.11806/02/202007/02/202009/03/2020
28/11/2019SpecialGBP0.09206/02/202007/02/202009/03/2020
28/11/2019SpecialGBP0.09205/12/201906/12/201930/12/2019
28/11/2019SpecialGBP0.09205/12/201906/12/201930/12/2019
23/05/2019SpecialGBP0.09205/09/201906/09/201930/09/2019
29/11/2018InterimGBP0.11827/06/201928/06/201929/07/2019
23/05/2019SpecialGBP0.09227/06/201928/06/201929/07/2019

Top Dividend Posts

Top Posts
Posted at 26/3/2024 09:04 by srichardson8
I don't own but looked yesterday and considered the financials looked really rather good. Low price to (unadjusted!) earnings, high return on capital , decent dividend return etc. Only the negative tangible assets gave me a little concern but cash flow looks excellent. I was then put off slightly by a Today report this morning on the trouble with smart meters and efforts being made to improve them which - I thought - might impact negatively on the use of pre-pay at Paypoint. But I didn't really understand. And then this in today's news from the DVLA - probably not a big market but another sign that it has become a trusted service.
'The DVLA has given drivers an eight-day warning before a rule change in April. They say drivers should get ready for the new rules. You can't get an international driving permit, or IDP, at the Post Office now. You need to go to PayPoint stores instead.'
More work needed but looks very good so far.
Posted at 06/3/2024 13:29 by doom4gloom
@Vike. Forget that, its all about charting. PAY typically goes up into the divi and its goes down after, normally topping just before and it’s got a great trading range. The spreads way too big for individuals to worry about whats being bought and sold, I dont use L2 and never will, its all a manipulation.

@Cash Why wouldn’t you trade in and out of the fluctuations ? Buy and hold is a mugs game, never realises profits and regardless that PAY has got a great divi it still doesn’t beat real inflation (not CPI lie).
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 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 14/11/2023 11:30 by pinemartin9
Does this only pay dividends once a year? Went ex div in August. I've reviewed payment history and seems nothing else due to similar time next year, unless something exceptional is done again. Is that other people's understanding?
Posted at 13/11/2023 09:42 by davebowler
Liberum-
PayPoint is differentiated by its position on the high street, where physical cash meets digital, and where physical services are provided like PayPoint One, Click and Collect, and vouchers. The network, the client relationships and the ability to offer a one-stop shop solution for payments makes PayPoint unique in the crowded payment space. Our DCF model generates a target price of 1,100p. A CY 24 P/E of 7.8x is attractive given the cash generation and growth opportunities, and the company offers a CY 24 ordinary 7.5% dividend yield.
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 30/8/2023 14:55 by davebowler
Liberum-
FY 23 results were in line with 9% organic net revenue growth; and for the first time we saw growth in all three divisions. We make 5 key points: 1) The Q1 update confirmed a positive start to FY 24 which helps to underpin forecasts; 2) A new target of £100m of EBITDA in FY 26 suggests fully diluted EPS of 88p, 12% above our estimate; 3) The well-executed M&A strategy over the past 3 years has reshaped the group; 4) PayPoint is expanding its addressable universe and the growth business lines could be c.76% of group net revenue in FY 24; and 5) FY 24 net debt/EBITDA of 0.9x and strong cash flow generation gives management cash allocation options, such as investing for organic growth, more dividends, or buybacks. A CY 24 P/E of 7.6x and dividend yield of 7.7% are attractive. Key points FY 23 organic revenue growth of 9%; growth in every division. Acquired intangible amortisation now taken below the line. Net debt of £72m a good result. Value drivers Target of £100m of EBITDA in FY 26 suggests FD EPS of 88p, 12% upside to our current estimate. FY 24 net debt/EBITDA of 0.9x gives cash allocation options. What market misses Cautious 3% FY24 growth est. Growth business lines could be c. 76% of group this year (FY 24). M&A has reshaped the business. Mind the contingent liabilities. Is there value? TP of £11.00 gives 103% upside based on a DCF; WACC of 8.7%. £150m of divs in 5 years to 24E. CY 24 P/E of 7.6x and dividend yield of 7.7% are attractive.
Posted at 01/8/2023 12:00 by brucethegoldfish
Well I feel like I’m winning when share price is up near 40% from its recent lows and still paying a very healthy dividend yield.

As earnings grow and debt reduces I would expect dividend yield to also increase further supporting a higher share price.
Posted at 17/7/2023 06:41 by tole
https://citywire.com/funds-insider/news/expert-view-watches-of-switzerland-paypoint-gym-group-trustpilot-and-tyman/Paypoint on the up after acquisition, says LiontrustPaypoint (PAY) has 'regained some impetus' after derating on the back of an acquisition last year and is progressing well, says Liontrust duo Anthony Cross and Julian Fosh.The managers hold the provider of in-store payment services in the UK in their £966m Liontrust UK Growth fund, and in their latest update confirmed the shares had contributed positively to returns in June, up 25%.Paypoint rose on confirmation of its prior estimate of £125m revenue in the year to 31 March and upgraded profits guidance to the top end of market expectations.However, the managers focused on the acquisition of gift card group Appreciate last year.'Shares in the convenience store payments and e-commerce specialist have de-rated somewhat since announcing the acquisition of...Appreciate late last year, but regained some impetus from June's statement,' they said.'Paypoint commented that the integration of Appreciate has progressed well, and has accelerated its ability to create enterprise-level product packages.'The shares inched up 0.1%, or 0.5p, to 454.6p at the end of last week.

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