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PAY Paypoint Plc

-6.50 (-1.38%)
01 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Paypoint Plc LSE:PAY London Ordinary Share GB00B02QND93 ORD 1/3P
  Price Change % Change Share Price Shares Traded Last Trade
  -6.50 -1.38% 464.00 1,797,288 16:29:32
Bid Price Offer Price High Price Low Price Open Price
463.50 466.50 476.50 463.00 476.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Adjustment & Collection Svcs 167.72M 34.71M 0.4776 9.72 337.19M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:54:34 O 4,458 464.00 GBX

Paypoint (PAY) Latest News (1)

Paypoint (PAY) Discussions and Chat

Paypoint Forums and Chat

Date Time Title Posts
30/11/202317:03::: PAYPOINT :::961
11/11/201419:54I just bought Paypoint - this is why...-
07/2/200319:30Public sector wage rise-

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Paypoint (PAY) Top Chat Posts

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Posted at 02/12/2023 08:20 by Paypoint Daily Update
Paypoint Plc is listed in the Adjustment & Collection Svcs sector of the London Stock Exchange with ticker PAY. The last closing price for Paypoint was 470.50p.
Paypoint currently has 72,670,561 shares in issue. The market capitalisation of Paypoint is £337,191,403.
Paypoint has a price to earnings ratio (PE ratio) of 9.72.
This morning PAY shares opened at 476p
Posted at 23/11/2023 07:15 by masurenguy
Results for the half year ended 30 September 2023

Strong revenue growth across the Group and significant progress with ongoing business transformation


-- Group net revenue1 of £79.8m (H1 FY23: £59.5m) increased by £20.3m (34.1%)

-- Net revenue from PayPoint segment of £62.3m (H1 FY23: £59.5m) increased by £2.8m (4.7%)

-- Underlying EBITDA2 of £31.1m (H1 FY23: £28.3m) increased by £2.8m (9.9%)

-- Underlying profit before tax (profit before tax excluding adjusting items)3 of £21.8m (H1 FY23: £23.6m) decreased by £1.8m (7.5%) reflecting our continued investment in the business for growth, increased financing costs, the expected H1 loss from the Love2shop business, and depreciation and amortisation from the core PayPoint business

-- Underlying cash generation excluding exceptional items4 of £15.6m (H1 FY23: £28.3m), reflecting a seasonal increase in working capital of £12.6m following the Love2shop acquisition

-- Net corporate debt5 of £83.2m (H1 FY23: £39.4m) increased by £3.8m. This is due to increased financing costs related to the acquisition of Love2shop and seasonal working capital movements, and is expected to reduce below the starting position of £72.4m by the end of the current financial year

-- Increased ordinary interim dividend of 19.0p per share declared, consistent with our progressive dividend policy, and representing an increase of 2.2% vs the final dividend declared on 28 July 2023 of 18.6p per share

Nick Wiles, Chief Executive of PayPoint Plc, said:"This has been a positive half year for the PayPoint Group with a period of significant activity supporting a number of key initiatives across the business: the acceleration of our sales efforts delivering growth in each of our product estates; a strong new business pipeline for our integrated payments platform; and driving new opportunities which leverage our enhanced capabilities, including the first initiatives live following the acquisition of Love2shop. It is testimony to the transformation of the business that we continue to deliver overall Group net revenue growth in a period where energy sector net revenue has decreased by almost 20% and against the background of uncertain consumer behaviour and weakening confidence due to the Cost of Living challenges.

Our partnership philosophy across the Group, combined with an intensity and focus on execution, is continuing to unlock new markets and revenue opportunities for us, including successfully launching our Park Super Agent network with The Fed to over 1,500 retailer partners; Love2shop physical gift cards now live in over 2,600 major multiple retailers; an expanded partnership with Yodel and Vinted leveraging our Collect+ Store to Store service; our success in Open Banking working with Ovo and the Department for Energy Security and Net Zero; our first significant win in the charity sector with East Anglian Air Ambulance; and the continued momentum in our PayPoint Engage proposition, helping major brands to connect with consumers in the convenience sector.

Following the acquisition of Love2shop, the seasonal balance to profit and cash generation in our business has now changed, resulting in a more H2 weighted performance and contribution to the financial year as a whole. Encouragingly, our trading momentum in the business has remained strong into the second half of the year. We continue to identify new opportunities to innovate and leverage our platform and the unique strengths of our extensive client base, accelerate the onboarding of new client business, while delivering a strong performance in our important seasonal businesses in parcels, Park Christmas Savings, Love2shop and energy. Our continued focus on execution underpins our confidence in delivering a strong second half, further progress for the year and the Group trading in line with expectations."
Posted at 13/11/2023 09:42 by davebowler
PayPoint is differentiated by its position on the high street, where physical cash meets digital, and where physical services are provided like PayPoint One, Click and Collect, and vouchers. The network, the client relationships and the ability to offer a one-stop shop solution for payments makes PayPoint unique in the crowded payment space. Our DCF model generates a target price of 1,100p. A CY 24 P/E of 7.8x is attractive given the cash generation and growth opportunities, and the company offers a CY 24 ordinary 7.5% dividend yield.
Posted at 21/9/2023 09:04 by velocytongo
There's more churn in the world of auditing now with some auditors really ramping up their prices. Given that this happened as part of the AGM, it would have been planned in advance. It would have been concerning if there was no auditor.

The issue is that the accounts are hard to understand and this is not helped by the acquisition of Appreciate, whose numbers were really difficult to decipher. I inherited these shares as part of the Appreciate deal and decided to hold onto them because (i) it was likely that some Appreciate investors would offload and depress the share price and (ii)Paypoint should be able to do much more with Appreciate business than the previous management team. It's also got some very strong positions in some of its payment markets.

Don't forget that Pay will be sitting on huge amounts of customer cash earning 5% pa.
Posted at 09/9/2023 08:12 by tole is too cheap, says LiberumPayment services group PayPoint (PAY) is 'too cheap' given its strong position on the high street and positive business momentum, says Liberum.Analyst Joe Brent retained his 'buy' recommendation and target price of £11 on the stock, which was trading at £5.57 on Thursday.An operational update from the group indicated 'continued positive momentum in all divisions', said Brent, with first-quarter results confirming a positive start to the year.The first quarter saw shopping as a 'continued site growth', excellent volume growth in e-commerce, and further strength in the uptake of Love2shop gift cards. However, there was slow growth in payments and banking over the three months.'We maintain our earnings and net debt estimates. The target of £100m Ebitda [earnings before interest, taxes, depreciation and amortisation] in full-year 2026 suggests earnings per share of 88p,' said Brent.'PayPoint's position on the high street differentiates it in the crowded payment space: the current year 2024 price/earnings of 7.6 times and an ordinary yield of 7.7% are too cheap.'
Posted at 01/8/2023 08:15 by stevensupertrader
As PAY share price went up, current yield is under 7% - one cannot get it both ways
Posted at 17/7/2023 05:41 by tole 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.
Posted at 05/7/2023 08:22 by stevensupertrader
2023 not 2022 - Paypoint Internal Auditor didn’t do a proper due diligence on Appreciate otherwise all the relevant certifications and paperworks etc would be available for the External Auditor to see and verify . Likely the takeover of Appreciate was not at ‘Arm’s length’ .
If so this will cause a sharp drop in PAY share price. 😞 😞
Posted at 02/6/2023 00:15 by stevensupertrader
The question now is - if Paypoint share price was undervalued at the current price ,why no approach or takeover by any Company but major shareholders buying just to add .
The reason I guess now and until the release of the F/Y result including Appreciate trading on 6 July , will give a clearly indication to other Companies to consider a takeover approach .
Therefore , Share Price will still drip and drip till the announcement date.
Already the last month , the sellers tested the confident uncertainty issue with low daily trading volume and able to manipulate the Share price down daily . This destroy Shareholders confidence and Company Share Price in the meantime which may or maybe recover
Posted at 10/5/2023 15:07 by brucie5
Mark Simpson likes them. And holds. As do I.

PayPoint (LON:PAY)
Many will think of Paypoint as the supplier of payment terminals in post offices and newsagents. They may also believe these types of payments are in terminal decline (pun intended!). However, Paypoint is expanding its business into complementary areas, including via its recent acquisition of employee rewards company Appreciate. Part of this payment for this business was in shares, and the overhang of small positions from Appreciate holders may be one of the reasons the share price has been weak this year.

One of the other advantages of Paypoint is that it earns interest on the significant customer cash balances it holds. This means that it benefits from a rising interest rate environment, unlike many listed companies.
Posted at 10/2/2021 15:47 by ukneonboy
As far as I can tell, the RNS info confirming the purchase was NOT released until lunchtime today, so I suspect the City is not yet fully familiar with RSM2000 and it's business model.

Interestingly, RSM2000 handles card payments whereas PayPoint mainly handles cash, so bolting the two business operations together makes a lot of sense.

I dont think the RNS info actually stated the exact price (consideration) being paid to the vendors of RSM2000, but no doubt this will become public knowledge at some point in the near future.

(See RNS below)

PayPoint announces the acquisition of RSM 2000

Significantly enhances digital payments capability and sector reach as
part of continued step change in strategic delivery

-- Founded in 1999, RSM 2000 provide a wide range of digital payment
solutions, including Direct Debit processing, card and text payments and
innovative mobile event payment solutions to a significant number of
clients across diverse sectors, including charities, not-for-profit
organisations and SMEs in the UK

-- Enhances PayPoint's existing MultiPay digital payments portfolio - brings
Direct Debit processing and BACS Bureau capability in-house and adds
facilities management accreditation enabling management of Direct Debits
on behalf of clients

-- Enables PayPoint to offer additional digital payment services to existing
clients and reach into new sectors, including Text Donation product for
charities and EventPay solution to support digital payments within the
Events and Live Entertainment Sector

-- Combination of RSM 2000's capability with PayPoint Group's existing
client sales and marketing expertise to accelerate revenue growth in
digital payments

-- Strong margin business delivering accelerated future growth - GBP2.1
million gross revenue and adjusted EBITDA of GBP0.1 million in financial
year ended 31 March 2020

-- Over 700 clients across a diverse range of sectors with high customer
satisfaction (+56 Net Promoter Score)

-- Transaction expected to complete in first quarter of 2021/22 financial
year, subject to regulatory approvals

PayPoint is pleased to announce that it has signed an agreement to
acquire RSM 2000 Ltd ("RSM 2000"), a leading digital payments business
providing innovative solutions to a significant number of clients across
diverse sectors, including charities, not-for-profit organisations and
SMEs in the UK.

PayPoint is well-placed to take advantage of the trends that have
accelerated over the past year due to Covid-19, including the continued
shift from cash to digital payments, and the acquisition of RSM 2000
reinforces that position. The UK Direct Debit market continues to expand,
with over 4.5 billion payments with an overall value of GBP1,327 billion
made in 2019. Direct Debits are used by 90% of the UK population to pay
some or all of their regular bills.

The acquisition will significantly enhance PayPoint's existing MultiPay
digital payments portfolio: bringing Direct Debit capability in-house,
adding innovative mobile payment products and enabling reach into new
sectors, such as charities, not-for-profit and events. Their innovative
EventPay solution provides card terminal hire and connectivity for SMEs
attending shows and fayres across the UK -- an opportunity of over
30,000 events a year with over 10,000 visitors.

Adjusted EBITDA in the financial year ended 31 March 2020 of GBP0.1
million and profit before tax GBP0.1 million. The gross assets as of 31
March 2020 were GBP2.3 million.

The acquisition is subject to regulatory approvals and, therefore,
completion is anticipated to take place in the first quarter of 2021/22
financial year.

Nick Wiles, Chief Executive Officer of PayPoint plc, said: "Our
acquisition of RSM 2000 is the latest step in the acceleration of our
strategic delivery, significantly enhancing our digital payments
capability and enabling reach into new sectors, such as charities and
events. This strengthens PayPoint's position further to take advantage
of the trends that have accelerated over the past year due to Covid-19,
particularly the continued shift from cash to digital payments. I'm
delighted to be welcoming the RSM 2000 team to the PayPoint Group,
bringing a wealth of expertise from their 20 years in digital payments."

Nigel Walters, Managing Director of RSM 2000, said: "I'm incredibly
proud of the business we've built, providing innovative digital payments
solutions to clients in a diverse range of sectors. I believe we've
found the right home in the PayPoint Group to take us to the next stage
of our growth and benefit from the scale, expertise and market
leadership that they have built in omni-channel payments and technology
over the last 24 years."
Paypoint share price data is direct from the London Stock Exchange

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