rogerhorton
28 Nov 2019
Share price has breached PAY broker update… 28 Nov 2019 Liberum Capital Buy 992.00 983.00 1,200.00 - Reiterates SP target 1200p
rogerhorton
28 Nov 2019
Share price has breached Very solid results this morning and a broker upgrade. Pours off cash and Parcel division looking very strong. See todays 6 month RNS.
Ripley94
25 Oct 2019
Share price has breached PAY… XXXX Looks like might be one affected by brexit ( D ). Has euro listing as well.
Ripley94
21 Oct 2019
Share price has breached PAY… XXXX Topped @ £10.70 by end of May … one that will be sold of in closed Woodford Fund.
Muzzletoff
04 Jun 2018
Interim results Revenue growth, but flatish profits. Good cash generation. Improved dividend with a special thrown in.Interesting that they plan to change in 2019 to a quarterly dividend rather than twice a year interim and final dividend.I think this will help develop a following with income seeking investors, which could help to underpin its shareprice. In a cash rich company seems like a sensible move
Muzzletoff
18 May 2018
Share price has breached £9. This has been steady progress without too much retracing. Don't know whether it is the yield hunters/contrarians who are seeking it out. It looks like 7.2% yield if the level of dividend is to be maintained. Its on a modest 14x PE for the market, which I believe averages 22x. Expectations were previously knocked by the sale of a business unit (I believe) and a concern about whether due to regulatory changes for Energy their system would be as heavily used as previously in the UK.Be interesting to see whether this retraces below £9 or keeps going.
frusset
07 May 2018
Fidelity fund manager likes PAY There's positive comment from Alex Wright who manages Fidelity Special Situations and Fidelity UK Smaller Companies, in the latest Investors Chronicle. Fidelity did a survey of 500 independent newsagents, and Wright said that a huge amount of footfall would be lost if the newsagents shifted to Paypoint's competitor. Only a third of the newsagents had no plans to use the new product and weren't using it already. Presumably the "new product" is the PayPoint One terminal. The yield was said to be about 11%, which must be including special dividends, as it's currently 5.098% on ii and 5.19% on Hargreaves Lansdown. There's a bit more in IC but I don't want to give away all their IP.There's a less rosy picture in "Retailers terminate PayPoint contracts over £10 charge"[link] May 2017. The £10 a month charge was due on 1 June 2017. One retailer claimed bank charges were already more than the commission earned from PayPoint, and he wasn't concerned about losing footfall because PayPoint users didn't usually buy anything else. Another retailer said the new terminal was unnecessary and too expensive (at £10 a week), and someone objected to the two year notice period. But there was also positive comment about the new terminal, about the turnover on PayPoint, and the footfall generated.I suppose Fidelity's survey should beat the more anecdotal evidence on conveniencestore.co.uk. The survey could be quite recent, while the conveniencestore piece is a year old.Limiting my search to 1 March or later, I didn't find anything that wasn't based on PayPoint's communications, for example "PayPoint's retail network growth comes mainly from Romania which is offsetting a declining UK payments market", on betterretailing.com (9 March). The most recent trading update I've seen was for the three months ended 31 Dec 2017, where some complications make it hard for me to tell how well the business was performing. It includes:"Group retail networks1 net revenue3 declined 4.3% from £33.3 million to £31.8 million, as last year there was a one-off VAT recovery of £2.4 million. Excluding the VAT recovery, like-for-like2 net revenue would have increased 3.6%. The decline was partially offset by strong growth in PayPoint One service fees and Romania. Group retail networks1 transaction volume reduced, as expected, by 1.7% to 172.7 million transactions due to lower UK bill and general volumes partially offset by strong volume growth in Romania.UK retail services net revenue3 decreased by 18.1% reflecting the revised commercial terms with Yodel and the card payment VAT recovery. Excluding these items, net revenue3 increased by 4.6% driven by PayPoint One service fees.".Just from googling "Yodel", they're a parcel delivery service.Tech trends are against PayPoint, with other ways of paying, and alternatives being developed by FinTech. I suppose high street newsagents are threatened by fewer trips to the high street. It's my impression that management are doing a good job of getting what they can out of the market while it lasts, but I don't feel I can predict the decline of PayPoint's market any better than the stock market, so I haven't bought. I might buy if new info makes me more confident about the business, and I'll be reading the results (due soon, as Muzzletoff said).
Muzzletoff
02 May 2018
Steady as she goes A steady uptick in the shareprice seems to be happening.I suspect this is being sought out by value investors looking for dividend yield, with a slightly below average p/e ratio (about 14x earnings I believe).Results will be out towards the end of this month, so obviously vulnerable to a reversal if those disappoint.
BlackPrince
14 Feb 2018
Re: Quiet discussion It's a crooked old market when only 35,000 shares traded results in the SP being marked down 3.5%. Very naughty.
BlackPrince
12 Feb 2018
Re: Quiet discussion This might help you decide:[link] saying the company is a cash cow - buy buy buy.
Intrepide
21 Jan 2018
Quiet discussion i am holding these shares in an ISA and begin to worry that technology does not favour PP? I am no expert and thought this would be a safe income share but time & technology march on. I do not receive the company reports as this is in an ISA but of course all is available on their website. Is this a Hold or a Sell/
the-mong
08 Jan 2018
Is anyone there? This has to be one of the quietest bb's I've seen
mutandis13
02 Jun 2016
Re: Some good points, some bad. The one consistent theme from PAY is the amount of free cash flow it generates - £51m for the year just ended, up 46% from last year and shows a CAGR for FCF in excess of 12% pa for the last 5 years.
paddington_bear
26 May 2016
Some good points, some bad. Mixed bag of figures, ranging from 83% drop in PBT because of £48m of impairments to dividend up 10% and talk of 5 years of returned capital at £25m each.Progress has been slow, the continued failure to dispose of the mobile payments sector leading to the writedown and the Yodel deal stuttering into a small loss. Much talk of better things to come with rollout of new machinery, which remains to be seen.For now a hold supported by the dividend and lack of debt.PB
mutandis13
15 Apr 2016
Xbox partnership Consumers can now top up their Xbox Live account or purchase credit as a gift for family or friends across any one of PayPoint's network: [link]
