Paypoint Share Discussion Threads

[wjccghcc] 03/11/2006 08:11

Well I added some yesterday at 589p.

[corvidauk] 02/11/2006 19:45

I see today, comment by Dresdner Kleinwort reiterated its 'buy' advice on the cash collection network following the acquisition of internet payment service provider Metacharge for 8.4m, dealers said. In a note to clients, the broker said the deal is relatively modest but a strategically important development and consistent with PayPoint's plans to develop the business by broadening its range of payment channels offered. It added, the shares have fallen recently and now stand at a significant discount to its discounted cashflow based price target of 700 pence. The broker noted that although Metacharge's financial performance is not disclosed, management expect it to be earnings enhancing "from the end of the first year after the acquisition". Furthermore, the broker said PayPoint remains in a strong cash position after this acquisition so has considerable firepower to pursue its strategy, especially in relation to international opportunities, particularly in Eastern Europe.

[omalaha] 01/11/2006 18:34

the robot trades are still going through, hence the drop, it's also broken through recent support levels, which is never a good sign; however, being a company with such strong fundamentals, whenever our seller has cleared this becomes a strong buy. 9 trading days left till results, look what happened in the run-up to the recent trading statement, a drop and then a v.sharp recovery, the chart says alot imo.

[corvidauk] 01/11/2006 15:11

Lets now look forward to some excellent 1H results on the 15 Nov. :)

[crestseal] 01/11/2006 14:52

PayPoint plc

Acquisition of internet payment service provider

1 November 2006

PayPoint plc, a leading branded payment collection network, announces
that it has completed the acquisition of Metacharge Ltd., an
independent internet payment service provider ('PSP') for a cash
consideration of £8.4m. The selling shareholders are a group of
private investors, including management.

Metacharge processes real-time payment transactions for goods and
services over the internet, by telephone, email, fax and mail-order
and is growing rapidly. It services some 500 merchants, primarily
based in the UK.

Metacharge is currently profitable, and is expected to be accretive
to PayPoint's earnings, from the end of the first year after the
acquisition.

Dominic Taylor, Chief Executive of PayPoint, said: 'This acquisition
represents a significant step forward in our strategy of broadening
PayPoint's payment channels. It reflects the increasing importance of
the internet as a payment channel for consumer payments and leverages
our proven skills in managing both merchants and transactions.
Offering an internet payment solution alongside our physical payment
collection network will enable us to offer clients a more
comprehensive payment solution.'


About PayPoint

PayPoint is a leading payment collection network of over 15,000
outlets used, primarily, for the cash payment of bills and services
and prepayments for mobile telephones and energy meters.

PayPoint began trading in 1996 and initially collected payments
through its network of retail agents for its founder client
investors, who included British Gas, BT, BBC TV Licensing, London
Electricity (now part of EDF Energy) and four water companies.

It now has more than 800 clients including many of the UK and
Ireland's major energy, cable, mobile and fixed line telephony
companies. Its blue chip client list also extends to numerous water
companies, local authorities and housing associations and a growing
transport and travel base.

PayPoint listed on the London Stock Exchange in September 2004.

- ---END OF MESSAGE---

[omalaha] 31/10/2006 09:52

seems like, thankfully, someone turned the robot off.

[omalaha] 30/10/2006 16:19

looks like most of today's sells were BOT trades, it's been ticking away all day.

[omalaha] 30/10/2006 08:28

wasn't around friday - what caused the drop?

[crestseal] 29/10/2006 14:32

Prepare for the bounce

[corvidauk] 27/9/2006 13:35

£7 on the way hopefully before Friday.....IMHO :-)

[corvidauk] 13/9/2006 20:36

Also today Dresdner Kleinwort upped the stock to 'buy' from 'hold'. Bodes well for a return to £7? :-)

[charterhouse3] 13/9/2006 08:32

Trading statement today:

PayPoint PLC
13 September 2006


13 September 2006


PRESS RELEASE




PayPoint plc


Trading update



Transaction volumes and revenues to August are 26% and 30% respectively ahead of
the same period last year. As expected, relatively higher growth in lower margin
transactions (Ireland and epos) has resulted in net revenue growth of over 20%
(net revenue is revenue less agent commission and the cost of Irish mobile
top-ups). Operating margins are running at a similar level as the same period
last year.


Terminal growth in the UK is ahead of plan and should exceed the target of
17,000 by the end of the current financial year. ATM growth continues more
slowly, running at a net increase of just over 35 new sites per month as good
quality sites become more difficult to find. The ATM target remains 2,000.


Energy prepayment volumes have continued to grow, benefiting from increased gas
and electricity prices, although there has also been a marked increase in the
average value paid by the consumer for each transaction.


The migration of mobile top-ups from PayPoint terminals to the retailer's epos
system for the one remaining large multiple retailer remains incomplete and is
progressing with completion expected in the second half of the current financial
year.


ATM transactions have grown substantially, with the average number of
transactions per month increasing over the same period last year, divided
between cash withdrawals and balance enquiries, with the latter increasing more
sharply.


Enquiries:


PayPoint plc 01707 600 300
Dominic Taylor, Chief Executive
George Earle, Finance Director



Finsbury 020 7251 3801
Rollo Head
Don Hunter



About PayPoint


PayPoint is a leading branded payment collection network used, primarily, for
the cash payment of bills and services and prepayments for mobile telephones and
energy meters. There are over 15,000 retail outlets using PayPoint's payment
terminals.


Its clients include most of the UK and Ireland's major energy, cable, mobile and
fixed line telephony companies. Its blue chip client list also extends to
numerous water companies, local authorities, housing associations, credit unions
and a growing transport and travel base.

[omalaha] 06/9/2006 19:09

Hey, what are you two doing here? i thought this was my private thread; leave me alone to talk to myself.

fwiw - a good trading statement could see this break the old resistance at 750p and establish a new support. It would be asking alot, but i reckon cash companies like this are still very much in favour. Is anyone holding any similar companies?

[corvidauk] 06/9/2006 14:40

Charter-->Very true last years trading statement was issued 5 September 05, so you are spot on & I'm of the same opinion as yourself, it's going to be excellent! :-))

[charterhouse3] 06/9/2006 14:33

There was a trading statement in the beginning of September last year - just ahead of the close period.

There should be another one in the next week or two prior to the close period for this years interims.

The strength of the share price since the bounce from 500p last month suggests that the news should be as expected - i.e. very good indeed !!!

CH3

[omalaha] 29/8/2006 11:36

good trading again this am. 650p looks on this week. i keep revising my targets upwards. just wondering what a strong trading statement may do to the sp; 750p?

[omalaha] 25/8/2006 14:06

have to say i'm impressed with the way this is holding up. after a sharp 2 day rise alot of stocks would have fallen back more. i can't see the offer going below £6. looks like it may have a go at 650p in the next trading week.

[omalaha] 24/8/2006 14:46

resistance now at 610p - to be expected; needs a breather. I have the trading statement down for the 14th. It's not worth trading these as i cant see any retrace being that great.

[charterhouse3] 24/8/2006 13:49

There was huge support at 640p and 660p before so likely to be resistance on the way up. Once 660p is breached then it will be over £7 quite sharpish (IMO).

[omalaha] 24/8/2006 11:26

yes, i was in and out of FPA as well, although i have to admit i got my sell timing slightly wrong and did myself short of £500 profit!! Good company FPA, but not enough volume for me. I was into PAY @ 515p, probably a day early, but hey, it's very blue. £6 was my 5-7 day target; it's done it in 2!! I have the previous support of 650p next.

[charterhouse3] 24/8/2006 10:01

Omalaha
6 quid should be imminent !!!
However even the Independent has it wrong in stating that people will 'soon' be able to buy their TV licences from Paypoint outlets.
The fact is that that facility has already kicked in as the Post Office stopped accepting TV licence payments last month.
My local Paypoint outlet is next door to the sub post-office. I know the owners of both establishments.
The Postmaster is glad that ultimately his workload will be cut down (although fearing that this may lead to closure sometime in the distant future !!).
The convenience shop owner (offering Paypoint) says he has a very steady stream of PayPoint users throughout the entire day (7am to 10pm) and the TV licence facility is expected to have the biggest single boost to any of the facilities offered by PayPoint as it is £131 from every household.
I think the broker estimates are still very conservative and any trading update will offer significant upside to the share price.

As for Neteller - yes extremely good value, wonderfully volatile and a gem of a share for active traders. Got my timing on FireOne right a couple of weeks ago so hopefully a similar opportunity will exist for NLR over the next couple of weeks.

CH3

[omalaha] 24/8/2006 08:27

Charter - yes, i couldn't agree more. It's a great cash business. If this lot decide to expand into europe, the City will be all over them. The fall was way overdone, my target for the trading statement was £6, looks easy now. Have a look at NLR, results due on the 14th sept; again, way oversold.