Paypoint Share Discussion Threads

[casholaa] 04/1/2024 15:34

ex-div 1st feb. Not sure about the tu though as last year it was april and previous years it was jan.

[mr.oz] 19/12/2023 19:05

Fegger

As aoon as you posted this link,purporting PAY to be displaying the strongest possible Bull signal, it fell approx 20% (by approx £1)

hxxps://www.ichimokutrader.com/

I've been watching the indicators since it climbed back almost 50p
Still showing Bear signals everywhere

So, are we saying this TA is contra indication ?
( just so we all k lnow when to seel next time 😀 )

[buddenbrook1] 19/12/2023 16:28

Slow and steady. Further to go I feel. Been a good investment for me, unlike some others (Vod)!

[se81] 11/12/2023 15:03

Wiles buys over £230k- quite a vote of confidence

[davebowler] 07/12/2023 17:07

Tipped here-

[doom4gloom] 06/12/2023 22:59

I said the other day 4.40-4.50 looked likely. My reasoning was the MA200 didn’t look like it would hold and levels i was looking for support is 4.43 previous small shelf of prior support and 4.53 the .618 retracement. I like the chart now, the freefall has stalled in exactly the right range to make a substantial low, RSI is very oversold (as the history of this share price tends to require) and MACD is showing waning momentum. Fundamentals are ok and a great dividend. We should see a small bounce possibly followed by another slightly lower low but I think the odds are in our favour again now so i’m accumulating right here.

[masurenguy] 06/12/2023 08:00

Well it is on a PER of circa 7.5 and has a current yield of 8.8%. The debt has only increased as a result of the Love2shop acquisition but this was partially offset by a positive underlying cash generation of £12.6m during H1. We need to see a Santa Rally or a general upswing in the market for the shareprice to start heading north again.

[stoopid] 06/12/2023 01:13

PAY have lost over 15% of their market value in 3 weeks after a positive trading update. With no news comming in the near future (next update is possibly trading update in March/april) will PAY share price just drift?

[doom4gloom] 30/11/2023 17:03

I was fairly sure we’d see a pullback to the 4.50 - 4.70 range where i plan to tentatively accumulate again. Just closed below the MA200 so lets see if it bounces back and finds support here, its oversold again but this one has history of going deeply oversold. Looking at the current sell off there’s little evidence the MA200 is going to hold, 4.40 - 4.50 looks likely but as always its about watching the price action.
I’m at 25% so more than happy to pick it up again when there’s signs of a bottom.

[tempted] 30/11/2023 16:05

Positive broker note, who knows where it will go, results strong so should see some claw back at some point but we enter a quiet news flow till the new year, Ex-div impact today was 1.9% ( 1.9% 2nd div ex-div 1/02/24) , 1st reinvest (payment) will be the 29/12 so anything below worth considering.(added)

[buddenbrook1] 30/11/2023 12:53

Will add more if it hits 450

[stoopid] 30/11/2023 12:41

Gotta say, this wasn't the direction of travel I was hoping for LOL

[stoopid] 30/11/2023 12:18

Are we where yet??

[mr.oz] 30/11/2023 11:52

Are we there yet ?

[stoopid] 26/11/2023 08:14

Good half yearly results, positive outlook, increasing revenues etc etc and yet share price falls 10% in 2 weeks... enough to make you pull your hair out.....Wonder if an offer will come? Meh, getting frustrating here...

[brucie5] 24/11/2023 16:21

John Rosier adds PAY to his published folio in October.
(IC)

"It is not quite what renowned private investor Lord Lee calls a double seven (a PE ratio of less than seven times and yield above
7 per cent), but it’s close..."

[brucie5] 23/11/2023 13:29

Positive coverage on Stocko by Graham Neary. Like him, I've long been a fan, and happy to take the dividends, which are very modestly up on a healthy balance sheet.



He concludes:
It’s unthinkable to me that I wouldn’t give this stock the thumbs up at a PER of 8x and with current trading looking so robust. But of course I may have missed something - if cash payments declined very rapidly, for example, that could take a bite out of profits. And I acknowledge that it will be a challenge to hit H2 numbers, with quite a lot of seasonality being priced into the forecasts.

[masurenguy] 23/11/2023 12:57

Paypoint Group

[alter ego] 23/11/2023 09:38

tried to provide the link within parentheses but aDVFN just remove the link. Why on earth? It's not a rival source of share new.

[alter ego] 23/11/2023 09:33

ADVFN are blocking my link to Paypoints web site where you can find out what they do.

[velocytongo] 23/11/2023 09:20

Can anyone really work out what this company does? Inherited shares from the Appreciate acquisition and kept the shares for the yield and the p/e. Reading the above, I'm not sure even the broker understands. E.g the Xmas saving and Love2Shop are different - Love2Shop does not have superagents.

[davebowler] 23/11/2023 08:56

Liberum -
H1 24 organic net revenue growth of 4.7% and underlying Group FD EPS decline of 20% to 22.1p due to expected seasonal loss at Love2Shop. EBITDA growth of 9.9% Group revenues increased 68% from £75.4m to £126.5m H1 on H1, with £45.3m (£33.8m trading and £11.5m interest and other income) of sales from Appreciate. Group revenues increased 6.7% Q2 on Q2 Group net revenues (excluding Appreciate) increased 4.7% from £59.5m to £62.3m.

Underlying EBITDA increased 2% from £28.3m to £28.9m, excluding Love2Shop, or increased, or 10% to £31.1m, including £2.2m from Love2Shop. Underlying PBT fell by 8% from £23.6m to £21.8m in H1 24. This included an expected H1 loss of £1.8m from Appreciate, which generates profits in the second half of the year. Underlying continuing FD EPS fell by 20% from 27.8p to 22.1p in H1 24 due to the increase in WaNoS, the increase in the effective tax rate from 17.9% to 25.1% (on our methodology), and the £1.8m expected loss at Love2Shop due to seasonality. Ordinary reported DPS increased by 3.3% from 18.0p to 18.6p in H1 24, with cover at 1.2x.


There were non-underlying pre-tax losses of £4.6m vs. £2.6m in the PY, which include £0.6m of exceptionals in respect of legal, and £4.0m of acquired intangibles, including £3.0m in respect of Appreciate. Figure 3: Actuals vs estimates (£m) H1 2023 H1 2024 Actual Actual Growth Segmental Analysis Income statement (£m) Sales 59.5 79.8 +34.1% Adj EBITDA 28.3 31.1 +10.2% Adj EBIT 24.6 25.4 +3.0% EBIT margin %) 41.4% 31.8%-961bp Net interest (1.0) (3.6) +254.3% Adj PBT 23.6 21.8-7.8% Adj Net Income 19.4 16.3-16.0% Adj Underlying Continuing FD EPS (p) 27.8 22.1-20.2% Other DPS (p) 18.0 18.6 +3.3% Net (debt) / cash ex client cash (39.4) (83.2) +111.1% Net (debt) / cash ex client cash inc leases (39.6) (88.4) +123.5% Source: Liberum, Company reports. The total retail network at PayPoint has increased from 28,478 at FY 23 to 28,646 at H1. Net debt increased from £72.4m at FY 23 to £83.2m, but is expected to reduce below £70m by end of financial year Net debt (excl. leases) increased from £72.4m in FY 23 to £83.2m. Underlying cash from continue operations fell by 45% yoy from £28.3m to £15.6m due to working capital. There was a working capital outflow of £12.2m in H1 which will unwind in H2, primarily due to c. £5m of stock building at Love2Shop, a c. £3m increase in receivables due to different terms, and £2m of acquisition costs accrued in the prior period. Capex increased 18% from £6.0m to £7.1m due to the investment in the next generation terminal and some additional investment in IT development. There were £5.2m of lease liabilities at H1 24, down from £5.5m at the FY. We maintain our headline earnings estimates, with comfort from the seasonally strong H2 at Love2Shop The outturn for the year will be driven by the seasonal businesses across the Group, including Love2shop, Park Christmas Savings and Parcels. The expanded relationship with Yodel and Vinted may be transformational and P&L investment may be required to grow the Parcels network. If we double the H1 stand-alone PayPoint PBT of £23.6m and assume that Love2Shop can deliver £14m for the FY, we get to £61.2m, not far short of our estimate of £64.0m, noting the even stronger H2 expected from Parcels. We believe organic net revenue growth is past the point of inflection.

[se81] 23/11/2023 07:28

From Liberum this morning

H1 24 organic net revenue growth of 4.7% and underlying
FD EPS decline of 20% to 22.1p due to expected seasonal
loss at Love2Shop. EBITDA growth of 10%, with continued
progress in cards, Open Banking and parcels. Love2shop
has returned to growth for the first time in six years. We
maintain our headline earnings estimates, with comfort from
the seasonally strong H2 at Love2Shop and contribution
from parcels and Shopping in second half. Looking at the
four divisions: 1) At Payments and Banking, net revenue is
stable due to Digital growth, more new business wins and
despite weak Energy payments; 2) At Shopping, PayPoint is
improving the proposition which is driving footfall, improved
NPS and its relevance to retailers; 3) Parcels has strong
relationships with all the carriers and the expanded
partnership with Yodel and Vinted may be transformational;
4) Love2shop has reached its target of 1,500 Super Agents
and has rolled out physical gift cards to 2,600 multiple
retailers in time for Christmas 2023. PayPoint’s position on
the high street differentiates it in the crowed payment
space; a CY 24 P/E of 7.5x and ordinary yield of 7.8% are
too cheap