Paypoint Share Discussion Threads

[wjccghcc] 11/6/2007 23:32

Well I bought back what I'd sold at 680p for 600p. Consensus forecast PE for the current year is 21 dropping to 18.5. Reduction in energy prices notwithstanding, they seem confident of further growth. Ultimately, if they can replicate the UK model in Eastern Europe, then it could get very interesting.

[luckythedog] 11/6/2007 19:59

Not quite yet.

They are still on a current P/E of nearly 23. Paypoint is an excellent company but don't forget that this time last year the share price dropped from 700p to 552p. It's spiralling down very quickly and will probably break 600p within the next month. I hope to rebuy around the 580p mark. Then when the share price recovers past 700p sometime in the next 12months (probably when it releases news of another acquisition or good results) I can realise a juicy 20% gain.

[charterhouse3] 11/6/2007 16:25

Am I missing something or are PayPoint shares rather good value at the moment ?

[amberspyglass] 25/5/2007 12:29

i think this strengthens the case for paypoint. Their main competitor is falling away unable to keep with a superior product in the UK.

[amberspyglass] 23/5/2007 13:50

its a great share..
it is prone to material variations in share price, which is weird as it has a completely stable revenues and amazing DCF
you can buy in the dips..

it always goes back to £7.00 in time

[stokieboy] 23/5/2007 13:12

Probably because the telegrapgh tipped it!

[dorisken] 22/5/2007 18:06

HI... just bought in on the back of good ints and the share starts to go downhill. Any sensible answers as to why ?

[halogen] 18/5/2007 19:56

Happy days 12 months from now,and a great recent run up the ladder to boot.

[philanderer] 18/5/2007 09:36

tipped in the D.Telegraph 'Questor' column today...

"The shares are likely to plateau for a short time, but in terms of extended growth prospects, PayPoint has much further to go. One to tuck away for the long term. "

[maiseymouse] 17/5/2007 10:38

what are pay's longterm attractions

[charterhouse3] 17/5/2007 09:30

Prelims out:

HIGHLIGHTS


* Strong growth in both revenues and operating profit ahead 31%
driven by 29% increase in transactions
* Operating margin[2],[3], increased by 2 percentage points to 44%
* Earnings per share of 27.7p, up 11% notwithstanding an increase
in the effective tax rate from 17% to 30% as prior year losses
are fully utilized
* Total dividends for year 13.7p per share, up 30%
* Terminal network expanded by 15% to 17,537
* Bill and general payments transaction growth enhanced by
exclusive BBC TV Licensing contract
* Entry into rapidly growing internet payment service market
through acquisitions of Metacharge and SECPay
* International expansion through acquisition of Pay Store SRL in
Romania since the year end
* Brand continuing to gain traction with prompted consumer
awareness[4] over 70%

[charterhouse3] 15/5/2007 13:28

15 May 2007

PayPoint announces acquisition of Romanian mobile pre-pay distributor

PayPoint plc, the cash and internet payments group, announces that it
has completed the acquisition of Pay Store SRL, a leading independent
Romanian mobile pre-pay distribution company for Euro 15.5 million in
cash. There is the potential for a price adjustment, up or down, of
Euro 1.1 million subject to performance over the year following
acquisition. The existing management and other employees are being
retained and will be supplemented by employees from the UK and other
local recruitment. The selling shareholder is a subsidiary of RTC
Holding BV, a large privately-owned holding company whose controlling
shareholder is Mr. Radu Octavian.
Pay Store distributes mobile air-time, using both scratch cards and
electronic top-ups through an expanding and profitable network of
some 4,000 convenience retailers equipped with electronic terminals
provided by Pay Store and a further 2,000 convenience retailers which
sell scratch cards only. PayPoint will invest to develop a national
branded bill payment offer.

The acquisition of Pay Store represents PayPoint's first
international expansion as a listed company, and allows PayPoint to
export its payment expertise into a high growth economy with an
emerging payments market.

Dominic Taylor, Chief Executive of PayPoint, said: "I am very pleased
to announce the acquisition of Pay Store which provides us with a
foothold in the rapidly expanding Romanian market. We intend to
extend the existing distribution channels to take advantage of
migration of mobile airtime from scratch cards to electronic
top-ups. In addition, we intend to roll out a branded bill payment
service for the 97% of householders who pay in cash, providing
convenient retail outlets close to where they live or work. This
acquisition is in accordance with our strategy to replicate our UK
model in other markets and provides a sound base for future growth."

[lomax99] 15/5/2007 12:52

Yes, it would certainly catapult them forward. Small purchase of a Romanian operator, Pay Store SRL announced today, tiny compared to a deal to acquire Alphyra.

[mr.oz] 08/5/2007 12:34

thanks for the note LBO... Makes very good sense ; at the right price

[lbo] 08/5/2007 12:24

Rumour is Alphyra is for sale and Paypoint may be looking! If its true I would expect a discounted placing to raise funds.

Alphyra on market for over €500m
06 May 2007 By Gavin Daly

Alphyra, the electronic payments company run by John Nagle, is on the market with a price tag of more than €500 million.

Venture capital firm Benchmark Capital and Management, which owns the firm, has asked its advisers, NCB and Goldman Sachs to look at ways to bring new funds into the company. It is sending information on the process to dozens of potential buyers, including US and European private equity firms and industry rivals. A deal is likely to be completed in the coming months.

It is likely to result in Benchmark, which backed a management buyout of Alphyra in 2003 and owns about 65 per cent of the company, selling its entire stake, although management may retain some holding.

The company is expected to attract a value of between €500 million and €600 million, which includes its debt of about €160 mi l l ion. That means the company itself is being valued at between €340 million and €440 million.

A sale would result in a significant return for Benchmark and the management who took Alphyra private in 2003 in a deal that valued it at €88 million.

The company runs electronic payment systems in 19 countries, allowing people to pay household bills, top up mobile phones or transfer money.

Alphyra had gross revenue of more than €3.5 billion last year and is making about €35 million a year in earnings before interest, tax, depreciation and amortisation.

Nagle was unavailable for comment last week. In response to a query from The Sunday Business Post, Barry Maloney, chairman of Alphyra and partner in Benchmark, said there were ''always things going on at Alphyra, and this month is no exception''

[haroldthegreat] 07/5/2007 14:58

as an agent for western union the £99 limit would be a disaster , most people send many hundreds each time

[halogen] 29/4/2007 14:09

Wahlenm,belive it or not but a do try to pay some of my household bills through paypoint when i can and last month i did have a problem when i was paying my community charge ,, terminal problems with that so the shop keeper claimed,,also they can only take payments up to £99.00 maximum per transaction for some reason,so i had to do 2 transactions,could well be a % issue ..

[wahlenm] 27/4/2007 18:35

My local shop has ceased its paypoint service because credit and debit card transactions kept freezing whilst being processed. A new terminal failed to cure the problem. I asked if paypoint said they have a problem with many or all machines. His reply was that they won't tell him. Anyone else heard of this?

[halogen] 27/4/2007 16:10

Like to think so hanover.

[hanoversquare] 27/4/2007 14:41

Break through past the 700p level.
All set for a nice run up to the results.

[halogen] 22/4/2007 15:42

Strong of late all the same.

[halogen] 22/4/2007 15:42

Hi,i think i read its the 29/5/07 for final results,i could be wrong.

[ben gunn] 17/4/2007 18:10

New trend seems to be establishing nicely.
So glad I bought in....tricky few weeks wernt they.

[charterhouse3] 13/4/2007 17:03

Expect an RNS next week regarding the date that the Final results will be announced.

Usually means the beginning of a run up in the share price.

CH3