Paypoint Share Discussion Threads

[stevensupertrader] 28/7/2023 09:25

Taylor20. One must not mix debt with cash .
Cash didn’t mean profit ( Same as Revenue/Income is not profit ) maybe able to give cash flow to the business for a short term . Only profit can reduce debt and in turn show a good Balance Sheet .

[stoopid] 28/7/2023 09:16

Agree and the debt is a mixture of 2 x amortising loans (50% of the gross debt @£46.8m), so likely at fixed rates and set about a year ago when interest rates where still low, and the rest is a revolving credit facility of £46.5m, likely at variable rates.So with the FCF reported, future revenue projections etc. easily manageable it would appear.

[scotch broth] 28/7/2023 09:15

With dividends of 37p for last year the yield is over 7% at £5 share price.

[stevensupertrader] 28/7/2023 09:08

Debt risen by 2/3 compared to Year 2022 from £43 m to ££72 m . Almost £30 reason given the purchase of Appreciate .
The question is whether Appreciate able to generate the enough profit to pay down this huge debt plus loan interest and some for shareholders return in the medium term . This is a big $99 million question . Only time will tell . The debt represents almost 2/3 of the 2033 profit of £128m

[taylor20] 28/7/2023 09:03

Debt may be up (£94m), but they have £120m of cash from APP, this should more than double by calendar year end. Roughly every .5% change in rates adds £.85m in interest from the cash pile.

[stevensupertrader] 28/7/2023 08:41

What you expect , Stoopid? Debt shot up sizeable and with current high interest environment , more of the profit will have to pay down the debt first , forget about share buyback .

[casholaa] 28/7/2023 08:29

ex-div 10th August with money dropping in on 22 September?

[stoopid] 28/7/2023 08:27

Why don't u see the results supporting a rally in Share price?

[casholaa] 28/7/2023 08:24

Really very pleased, here.

[stoopid] 28/7/2023 08:02

Very solid results, Love2Shop integrating well already providing increased revenues and profit. Good contract wins and future revenue growth looking likely which was a key concern.Increased Divi (although only by 3.3%) is also a good sign.Only fly in ointment is the net debt, but with current profit levels and good free cash flow should be easily manageable....

[doom4gloom] 28/7/2023 07:59

“We have declared an increase of 3.3% in the final dividend to 18.6 pence per share (2022: 18.0 pence per share). One to be paid as an interim dividend and one to paid as a final dividend. This is payable in equal instalments of 9.3 pence per share (2022: 9.0 pence per share) on 1 September 2023 and 22 September 2023 to shareholders on the register on 11 August 2023. The final dividend is subject to the approval of shareholders at the annual general meeting on 7 September 2023.”

What are we, 468.5 at last nights close so thats 3.97%. Quite a decent return for 6 months but i was hoping for better dividend growth given the level of inflation.

I dont see these results supporting a big rally in the SP

[boozey] 28/7/2023 07:51

Comfortable with that although net debt grown considerably after appreciate acquisition

[sidam] 28/7/2023 07:46

Given the EPS, dividend and growth prospects, the shares, in my view, should go a lot higher over the next year. The only negative is the lack of net tangible assets.

[brucethegoldfish] 28/7/2023 07:32

A very solid and respectable set of results for FY23 and an excellent Q1 trading update too!

The auditors needing longer to complete their work on Appreciate balance sheet was totally overblown, as no material adjustments.

There is strong momentum across all areas of the PayPoint Group, including Appreciate (now known as Love2Shop).

[togglebrush] 28/7/2023 07:05

The long awaited
'
FINANCIAL HIGHLIGHTS

-- Net revenue1 from continuing operations of GBP128.9 million (FY22:
GBP115.1 million) increased by GBP13.8 million (11.9%)

-- Underlying EBITDA2 of GBP61.3 million (FY22: GBP58.2 million) increased
by GBP3.1 million (5.2%)

-- Underlying profit before tax (profit before tax excluding adjusting
items)3 of GBP50.8 million (FY22: GBP48.0 million) increased by GBP2.8
million (5.8%)

-- Strong underlying cash generation from continuing operations excluding
exceptional items4 of GBP62.3 million (FY22: GBP53.9 million)

-- Net corporate debt5 of GBP72.4 million (FY22: GBP43.9 million) increased
by GBP28.5 million, after cash of GBP61.9 million used in Appreciate
Group acquisition.

-- Increased ordinary final dividend of 18.6 pence per share declared,
consistent with our progressive dividend policy, and representing an
increase of 3.3% vs the final dividend declared on 26 May 2022 of 18.0
pence per share

-- Authority in place, and to be renewed at AGM on 7 September 2023, for any
future share buyback programme

[jubberjim] 28/7/2023 06:07

Hope the wait proves worth it for those invested

I m not at the moment but will await long overdue rns today before deciding

The shenanigans that have gone on with regard to the results and audit? have left doubts still in my mien

Good luck holders

Val Doonican on the ipad
Happy Daze

[boozey] 27/7/2023 23:04

Long-awaited results in the morning. Took a small position here at the start of the week. But until we get clarity following the audit delay it has to be regarded as a bit of a punt. Fingers crossed.

[stoopid] 26/7/2023 19:34

Yep, agreed filtered. Long overdue.........

[mr.oz] 26/7/2023 13:50

Stevensupertrader26 Jul '23 - 12:15 - 824 of 824 (Filtered)

Long overdue.

[stevensupertrader] 26/7/2023 12:15

Stoopid. You seemed to me that you are having a dilemma eg like Jewish people want to buy Pork chops selling at half price but are not allow to eat because of their religion 😂

[stoopid] 26/7/2023 10:34

Hmm, tempted to sell some HL. And buy a few more here for the anticipated rise off the results....

[neilyb675] 25/7/2023 17:06

Stevensupertrader25 Jul '23 - 15:11 - 821 of 821 (Filtered)

[stevensupertrader] 25/7/2023 15:11

Obviously, you never read the last days of my messages . Go back and read stoopid so you won’t kept on asking me 😂

[stoopid] 25/7/2023 14:35

Bit of Hindsight trading eh? You closed that short at 450 yet??

[togglebrush] 24/7/2023 22:51

I guess we will get larger volumes when big boys make their minds up
'
Ex Stockopedia
'
there are 10 companies which are a major shareholder with 70% of the shares with latest reported holding dates on or before 27th Feb 2023
'
Asteriscos Patrimonial SL are largest with 25% or 18.4million shares
'
other reported data gives
'
Shares in Issue 72,576,094
Free Float_____ 50,841,779 (70.05%)