Payzone Share Discussion Threads

[nigelmills] 12/10/2008 00:17

Not going in the direction I prefer. How much did Alphyra originally pay for the business they sold for 20m Euros?

[littlereec] 08/10/2008 18:43

paying down 20m euros off of the debt wont go far - beginning of the end or end of the beginning?

[danny678] 02/10/2008 19:22

I think they do operate them on a free to use basis that Payzone loses money on. People taking big cash amounts out will not help unless it's down to G4S or Loomis to bear the brunt. A 20% fall today means it's probably the least of there worries. Where do we go from here? The same way as B&B?

[badlad21] 29/9/2008 22:14

Bradford and Bingley situation interesting here - does Cardpoint not operate and run the ATMs at BB sites?

[danny678] 24/9/2008 16:37

Badgerboy - don'be fooled. The terminal business is what it says - TERMINAL! There's no money in it. Rumour has it they've now got the consultants in to tell them what to do. Probably them that told them to write to all customers cutting rentals which has caused a riot apparently. Whatever next ?? Directors, pleeeeeeeeeeeeeeeese tell us what is going on. We probably own more shares than you so are concerned.

[badgerboy3] 19/9/2008 14:09

FatCol
HSBC and Payzone are using the payzone terminals to use credit card payments.

see link


thanks

[badgerboy3] 16/9/2008 09:15

FatCol- I know where your coming from ! I got most mine out before the "Takeover" made some profit when Mark Mills took over Moneybox but still licking my wounds from this mess.

[badgerboy3] 10/9/2008 17:10

Danny678 -Roy's back ground is accounts yes, also a cost reduction man as i understand it.was finance director at securicor back some time ago.

[danny678] 29/8/2008 18:53

Badger - do we know of any benefit Mills has had so far. Has the share price increased since he arrived, that's all I care about.

The ATM side isn't perfect apparently. My man tells me everybody has had enough and couldnt care less anymore. They are fitting ATMs alongside existing ones to bolster machine numbers for the city. Costs go up & revenue is shared making it a negative. They're having more ATMs pinched than ever. They also fit new ones in poor locations with no due diligence that will never break into profitability and paying the host too much commission. Other than that its perfect. Lets see what Dodd can do. Isn't he an accountant ? Never really thought of them as problem solvers and that's what we need here by the look of it.

As for the terminal side - it is struggling apparently. The retailers are boycotting terminals due to poor commissions and it's a low margin operation that can ill afford it.

I'm praying for some sort of miracle.

All IMHO & DYOR

[badgerboy3] 29/8/2008 10:35

Davids stays then ? Good or Bad ? what do you chaps think ?

[danny678] 28/8/2008 10:36

Anybody know how quick they're burning through the 40 million Euros ?

[pre] 12/8/2008 08:55

well someone's confident...+50k snapped up at a premium of 13.25P...bodes well imo...

[pre] 11/8/2008 23:31

nice finish....more to come tomorrow imo, dyor etc:-))

[lbo] 11/8/2008 12:19

The warnings are being sounded in the press. This has no value for shareholders.

Payzone puzzler


FINALLY, some good news for shareholders at the beleaguered electronic payments services company, Payzone. The company has confirmed it received an approach to purchase its Spanish, Italian and French operations.

Payzone, formed last year from the merger of John Nagle's Alphyra and UK cash machine outfit Cardpoint, was immediately pitched into a bloody boardroom battle as most of the company's other directors and shareholders sought to oust Nagle.

The impact of the struggle on the share price was devastating, with company's shares, which started trading last December on London's AIM market at stg75p, down to just 9p by close of business Friday. If it hadn't been for a €40m share issue in May it's hard to see how Payzone could have survived.

The market's reaction to the news says it all. After initially jumping stg1.5p to 13.5p, shares fell back to just stg9p. With debts of €276m and a market capitalisation of €50m there will be little left for shareholders after bankers get their pound(s) of flesh.

[pre] 11/8/2008 09:21

what's interesting about friday's rns is the fact there are several parties interested in payzone's business assets too....this shows that there is value to be had here imo...let the bidding begin:-))

[pre] 11/8/2008 08:10

looking at selling some european businesses....will be interesting to see what they fetch...unusual drop on friday...should recover from here imo, dyor etc:-)

[fatcol] 07/8/2008 08:40

Badlad21 - I've had exactly the same comments regarding the businesses being run as completely seperate entities, with zero integration. Moreover, it seems that the few remaining Cardpoint staff are not being made to feel part of the larger organisation.

Trunner - I think 'treading water' is a bit over ambitious. Drowning very quickly would be more accurate. They have lost all the expertise in the ATM market and are losing clients hand over fist so I have heard. Add to that zero new business and the outlook is bleak to say the least.

Somebody mentioned Roy Dodd to me the other day. Apparently he is back and involved in a special project, whatever that may be. It does strike me that Dodd might be the ideal sort of person to manage the due diligence process with a potential suitor, but that's pure speculation.

So, a further period of mushroom syndrome to be followed by who knows what...

[badlad21] 31/7/2008 21:49

I would suspect that the Bank (RBOS) would make the company accept any offer for the ATM business to reduce the debt risk in the current banking climate.

All gone very quiet so it would make me think that something is happening behind the scene. From what I hear from the capital the business is being run as two very separate businesses and very few of the ATM staff are left these days.......

[littlereec] 31/7/2008 18:14

there is a whisper of Mills - Mark that is - being involved again