Payzone Share Discussion Threads

[badgerboy3] 21/5/2008 10:40

whats going on here

[lbo] 21/5/2008 09:58

This has been some DOG! It should never have been listed and the writing was on the wall for ages when Balderton could not sell out of Alphyra.

Remember when Alphyra was listed on the ISE! It was still a dog then and has been a dog since they bought it. The only plan IMHO was try and get someone else to take the dog for a walk and move house while they were out!

Value of Alphyra down by €100m

[danny678] 21/5/2008 09:02

It'll be long gone by Christmas. It is being run by wage slaves not shareholding Directors. There interests are different. Just in it for the wages. I hear Cardpoint has re recruited some of it's old directors to help out - not had a positive impact yet has it.

Blindand and Badgerboy - what are your thoughts - how high up were you at Cardpoint ?

[ivor whopper] 20/5/2008 17:43

crikey what a chart, people dont hold any of these do they?

[badgerboy3] 20/5/2008 15:27

"ABlindman" I have to agree with you on this one.
I think if some share holders had listen to Mark Mills at the time they would not be in this sorry stateThe Cardpoint/MoneyBox deal was a good deal and was going places.

[nigelmills] 20/5/2008 15:04

wiped off 80% since we left - can't argue with that either way !

[weemonkey] 20/5/2008 14:58

fact remains whole company currently worht less than what was paid for those hbos cashmachines


do not think you can disagre with that

[ablindman] 20/5/2008 14:32

Wee monkey

I respectfully disagree, the HBOS deal and the subsequent moneybox deal were good for Cardpoint.

I too am a former member of the Cardpoint team. I can honestly say that it was a good company with a good future.

The blame for this sorry state of affairs can be laid firmly at the door of Bob Thian, Paul saxton and the greedy shareholders who felt that the 1.35 a share offer they had on the table wasn't good enough.

Between them all they have reduced it to almost nothing!

My heart bleeds!

[weemonkey] 20/5/2008 14:05

I was in cardpoint a long time ago smelt a rat and got out

cardpoint paid £70 million for some old cashpoints belonging to HBOS from memory. i thought that was plain daft and got out.

payzone with cardpoint swallowed inside it now has a market cap of less than what was paid for those cashmachines

HBOS must have been a laughing all the way to the ... well as they are a bank their own front door I suppose.

what a fiasco

[hybrasil] 20/5/2008 07:45

So how far will it drop?

[badgerboy3] 19/5/2008 16:09

These reverse take overs can be great if they work, but this was just smells bad.
Maybe the shares will get better now Payzone have Maloney in charge

[hybrasil] 19/5/2008 11:24

I read in the irish sunday papers of a placing at I think 20p ! a share

[littlereec] 18/5/2008 19:29

I am hearing that the Notemachine position on this at the moment is "why pay for something we can have for free". I am told that they are winning business because the LOOMIS debacle is leaving many CIT (not just Cardpoint) machines out of cash. Having got their own CIT being done in house they are winning both wars - new customers for the machine placement and new customers for the machines placed, ie the punters that pay the fees.

In Paypoint's case, who would bet against them or Euronet taking the terminal side - For paypoint I reckon Europe is the key and for Euronet it would be the UK to merge with their Epay division

Obviously this is all speculation etc etc

[badgerboy3] 18/5/2008 12:43

do you not think it will take more than £30 million pound investment to get out of this.

[danny678] 18/5/2008 09:18

Balderton are now stuck with a proper basket case. Payzone was worthless - why else would it have borrowed £ 10m just before the merger. Cardpoint was on the road to ruin and doing anything to avoid issuing a trading statement, including buying the Travelex ATMs for £ 13m that were only worth 13p.

Captain Bob has slipped away quietly into the night having had millions out for not doing the best job, and left Irish Pete to sort the mess out. He's being worked like a puppet, out of his depth & Balderton are in charge. Not my idea of a public company as you say badlad but that is the poosition.

Balderton are relying on Maloney Bros to get it a fantasic valuation again to sell it off - fourth time lucky if they exit. In the meantime the business actually consists of 20 000 terminals that all make the smallest of margin in poky shops spread accross Europe and an ATM estate thats in the worst state it's ever been in.

If Maloney can pull this off he deserves a medal which is more than all the other directors do.

All IMHO & DYOR obviously.

[badlad21] 12/5/2008 21:18

More shares to Balderton I would guess. My question would be is this money needed to avoid going bust?

I don't expect to ever see a return on my Payzone shares anymore, how can a serious PLC company have it shares suspended for 4 months and not really issue a meaningful statement. Another view on the lack of a trading statement is that 'Trading is so bad they dare not issue a statement!'

Food for thought there!

[badgerboy3] 08/5/2008 21:23

seems a long time since £1 a share

[thehiddenagenda] 08/5/2008 09:15

Fatcol

worrying news, unless its just unhappy employees trying to stir the pot?

Surely if payzone are treating their customers with such contempt, they will be leaving in droves? A question to mmills, are you seeing high numbers of your ex-customers knocking on your door now that your up and running?

[littlereec] 05/5/2008 11:32

Looks like just a few of us posting - are all the inside people gone? Are we blind now as to what is happening inside the company?

[thehiddenagenda] 04/5/2008 12:01

There goes the tumbleweed!

[nigelmills] 28/4/2008 23:50

Nearly as quiet on here as in Transaction House !

[littlereec] 28/4/2008 15:40

I am hearing that the "friends of Nagle" rout has been and gone with people jumping on their swords in joy or desperation or both.
There seems to be a new MD who is an ex Caudwell director - doesn't seem to be a heavyweight - do you think he is a puppet?

Anyone still working in the business that would like to give us outsiders a bit of a heads up?

[danny678] 22/4/2008 00:57

Oh brother, where art thou?

Payzone, the electronic payments group formed by the merger of Irish firm Alphyra and cash machine operator Cardpoint, had its shares suspended in January while the company awaits the outcome of legal proceedings.

They relate to the departures of chief exec John Nagle and chief financial officer John Williamson - but while investors hang on for movement there, they at least had some positive news last week with the appointment of a new boss, Mike Maloney.

He was previously chief operating officer at British Telecom Ireland, and I'd wager he knows his new company well. Maloney's brother Barry Maloney just happens to be a partner at Payzone's largest investor, Balderton Capital.

Still, despite the lengthy press release announcing the appointment, there was no room to mention this small coincidence. Did Payzone not think (other) investors might be interested?

"We didn't think it was relevant," smooths a spokesman. "Mike got the job despite being Barry's brother, not because of it."



From The Telegraph today. It just gets batter.