Paypoint Share Discussion Threads

[scepticalinvestor] 30/5/2023 07:24

27% holding now - they have been scooping this up

[casholaa] 26/5/2023 20:17

My view generally, here and elsewhere, is that the most recent figures are as good as it can be but there is no guarantee of hitting the same numbers or better next time. It's such an obvious thing there in front of us. We know they have done well over the last year but losing the monopoly has created uncertainty so, even if they do great in 2023-2024, I don't know whether the market will recognise that.

[brucethegoldfish] 26/5/2023 18:18

I’ve topped up today too as think there is good value in PAY at these levels.

Holders may have to be patient though, which I’m fine with. Once general market conditions and sentiment shifts I think we will see a very healthy re-rating, although some positive news flow in the meantime will provide a healthy catalyst to the share price in the near term.

[casholaa] 26/5/2023 16:24

Had a few nibbles myself with tight stops just in case

[t-trader] 26/5/2023 15:44

Couldn’t resist a top up at just over 3.92

[greenhat2] 26/5/2023 13:04

Another GBP100k buy today Smart money entering the arena?

[doom4gloom] 25/5/2023 21:36

I’m about 75% of my allocation invested in this already. Will increase 10-15% between 380-389 and save the last bit till i’m confident the bottom is in - probably after 6th July. It is still a concern the way this is dropping down that theres something going on that we dont know about but i still think its the irrational market given the low volumns. Time will tell, cant win them all but i’m still comfortable with this one

[scepticalinvestor] 25/5/2023 19:22

There is still a seller, small volume but consistent. Happy to just keep adding every time it sinks - huge upside from these levels

[casholaa] 25/5/2023 17:45

Nahhh, they caved in on that. That's gone. Although, splintering off from that, they have opened themselves up to competition from lower-cost providers. I can't recall what it costs each place there is a paypoint service. There is usually a charge to the outlet. I think some outlets complained that they were occasionally resulting in a loss to them.

[brucethegoldfish] 25/5/2023 17:42

Could the constant daily share price drip downwards be more to do with the risk surrounding the litigation announcement on 29th March?

———;——̵2;——R12;—

PayPoint Plc

Announcement

On 23 November 2021, PayPoint confirmed that Ofgem, the energy regulator, had accepted its voluntary commitments to address the concerns raised in Ofgem's Statement of Objections received on 29 September 2020.

PayPoint has recently received 'letter before action' correspondence from a small number of market participants relating to the issues addressed by these commitments, which were accepted by Ofgem as a resolution of its concerns. PayPoint has reviewed this correspondence and intends to respond robustly whilst continuing to take appropriate legal advice.

Since November 2021, in a timetable agreed with Ofgem, PayPoint has made contact with its energy sector clients to waive the rights of exclusivity in its agreements, consistent with these voluntary commitments. In that time, PayPoint has also successfully re-tendered on a non-exclusive basis with a number of its clients in the energy sector.

[casholaa] 25/5/2023 17:38

Thanks for that, I don't always remember these things.

[greenhat2] 25/5/2023 17:13

Big trade after hours 100k Wonder will it turn ?

[monet] 25/5/2023 17:10

casholaa it's a bank holiday weekend, market closed on Monday.

[petrencf] 25/5/2023 16:57

What negative news? Did you read that somewhere?

[doom4gloom] 25/5/2023 16:36

@mark thanks for that, it makes good reading. The concern is negative news coming from the appreciate audit.
My apologies, covid low was indeed 389 on 19th March on an hourly chart showing at 9am. However, stockcharts are showing 329 where i took my original statement from which appears incorrect having cross referenced a couple of other sources. Lets hope we find support at 389. My next nibble is at that target as i still have confidence, like the dividend and happy to hold it for a while

[markbelluk] 25/5/2023 16:13

>Very concerning the way share price dropping daily for the past few weeks

I would be more concerned if it didnt have form of doing a similar thing. Seldom does this trend sideways

Put it on weekly candlestick chart, with any kind of momentum based zig zag indicator and you will see what I mean

[petrencf] 25/5/2023 16:11

Hardman's forecast is 10m PBT for Appreciate Group for 2023. Together almost 60m operating profit for this year. Positive updates, 10 percent divi. The share price does not reflect to the performance of the company imo. Despite all of these there is a massive fall on tiny volumes.

[stevensupertrader] 25/5/2023 15:44

Pay has fallen from £4.70 to £390 today - 20% , such a huge percentage fall , ( not a good sign ) usually someone inside knows than us - this is not supply and demand situation. Very concerning the way share price dropping daily for the past few weeks

[stoopid] 25/5/2023 15:21

I would agree patience is required but this just comes across as really strange price action. They need a full year for Appreciate Group to really start showing on the balance sheet and hopefully there will be some forward guidance on the 6th July.But share price is concerning. And divi approx 9% atm.....As the old saying goes, if it looks to good to be true. Let's hope that's not the case here...

[casholaa] 25/5/2023 15:12

Supply and demand. The less demand there is, the lower it goes when somebody wants to shed some. As the price drops, it can also trigger 'stops' which push the price further down until any 'buy' orders are hit. Them with Level 2 can likely see the state of the order book. I don't subscribe to Level 2 as I am not a trader.

[1knocker] 25/5/2023 14:59

I would find this share less of a concern to hold if I saw plausible (indeed any) explanations for the steady fall in price. When the consensus here is that this a gem, and standing at a giveaway price, but the price continues South I worry about what the market has seen but we have not. Expressed reasons for a fall I can assess and take a view on; unknown reasons for the price action I can't.

[casholaa] 25/5/2023 14:46

We're now only 6p away from 389.

[scepticalinvestor] 25/5/2023 14:14

This will turn, just requires a bit of patience. As in many things, money moves from the impatient to the patient

[casholaa] 25/5/2023 14:03

Tomorrow, being a Friday could be dangerous on such an illiquid share. Monday we should have a better idea of whether it'll be turning or go scuba.

[scepticalinvestor] 25/5/2023 13:54

Couldnt resist another nibble at 397. Happy to sit back and wait if needs be