Paypoint Share Discussion Threads

[casholaa] 20/7/2023 15:24

Isn't any bad news priced in already?

[doom4gloom] 20/7/2023 14:45

Results: Yeah i agree, the longer it takes the more sinister it sounds. If it happens it wont be the first time i’ve taken a hit due to accounting misconduct. I hope theres nothing in it, i’m still holding. No point in hitting the fear button when there’s no justification at the moment. If bad news arrives i’ll get out immediately.

[doom4gloom] 20/7/2023 14:37

It will run for years and their ‘losses’ figure will be incredibly hard to justify and even if they win doesnt mean thats what they’ll get. A huge number of PLC’s have lawsuits running so this is no different. Way too early for it to affect the SP

[casholaa] 20/7/2023 11:32

Also, in my mind there's no such thing as an 'overpayment'. I suspect that they'd have paid what they contracted to pay in the B2B agreement.

[casholaa] 20/7/2023 09:08

It is about exclusivity, it's just imvho veiled. Restraint of trade/exclusivity clauses are rife in many areas of business. You'll likely find them in tv presenter contracts too. The meat of the matter is the claim that due to restraint/exclusivity, lower processing payments which supposedly could have been obtained elsewhere resulted in overpayments/damage. The question is whether the lower rates that can be obtained elsewhere, are obtainable with a profit to payment service company or whether those prices are because that other payment service company is willing to take a hit in order to establish itself in the market vs it doesn't matter why the other provider is charging less but that they would have have charged less.

[petrencf] 20/7/2023 08:55

Utilita'claim is not about exclusivity. "The energy supplier is seeking £42m in damages because it alleges that PayPoint overcharged it for processing prepayment transactions on its behalf as it was prevented from contracting with other providers – such as Global 365 – to obtain a lower price."

[t-trader] 20/7/2023 08:32

This is the article on lawsuit

[casholaa] 20/7/2023 08:18

Exclusivity and difficult to enter markets are rife all over, just look at the established professions, banking, telecoms and politics! to name a few.

[casholaa] 20/7/2023 08:14

It's just a diversion. Nobody was forced to invite Paypoint services into their shops. Also, nobody was made to enter into any exclusivity contracts, the businesses could have refused and looked elsewhere, after all it's b2b contracts. Not all retailers have paypoint and other providers could have looked to pick up the non-paypoint retailers. Also, it's likely that existing paypoint retailers could have dumped paypoint and gone with other providers but they haven't.

[petrencf] 20/7/2023 07:43

What do you think about the 2 lawsuits have been filed against Paypoint in July? Utilita's 42m claim is very concerning though they are their partners. And I dont know about Global 365'demand.

[casholaa] 19/7/2023 18:59

That uplift in the share price this afternoon, could mean news tomorrow

[casholaa] 19/7/2023 14:08

Whatever bonhill is (I've never heard of it), if you want to see an ongoing disaster, go have look at ENET forum.

[stevensupertrader] 19/7/2023 13:52

I am just standing at the sideline - 50/50!- either go up like a rocket or go down like a lead ballon once the result is announced. Anyone gurss at this stage however if no result by the end of July or beginning of August , you can bet your bottom dollar - the result would be BAD.

[scepticalinvestor] 19/7/2023 12:25

How is your investment in bonhill going mate?

[stevensupertrader] 19/7/2023 11:28

Pay delayed result is getting really ridiculous.

[scepticalinvestor] 17/7/2023 12:08

Where is steve today?

[casholaa] 17/7/2023 10:21

It's an appetizer for the audited results!

[tole] 17/7/2023 06:41

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.

[casholaa] 16/7/2023 16:25

Should get the update this week as, looking at other companies which had the same issue, it doesn't usually take more than a further two weeks for a precise audit.

[jubberjim] 14/7/2023 17:49

Ok thanks

Be good to get some clarity Vis a Vis audit
Will look again then

Good luck

[scepticalinvestor] 14/7/2023 09:01

Not aimed at you, no.Unlikely to drop below 4 now unless they uncover irregularities

[jubberjim] 13/7/2023 21:14

Sceptical

By the timing of your posts I m thinking simp refers to my good self

Is bit confusing

Can you confirm please either way please?

Thanks

[doom4gloom] 13/7/2023 20:40

Its consolidating exactly as it needs to. A nice bounce off the 50 MA is really positive. Next we need a higher high followed by a higher low and the 600s on top of a nice divi will make it all very worth while. I’m in the black and will continue to hold.