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IF my rough uncertain research on Asteriscos Patrimonial SLU, the largest shareholder, in Spain is correct , A computer search on the name produced pretty pictures and text on the style of the company but was thin on figures and facts. A late afternoon friendly phone enquiry to financial library source gave the financial data. But has not been cross checked and it is unlikely to be a takeover bidder, small company with turnover around 30 million euros and very few employees.
On Fiiance data found for ,Asteriscos Patrimonial SLU, with 28% of the shares with possible enterprise value of £100 miliion, I find this a difficult match. It is an enigma to be treated with care until more is known.
IF my rough research on Asteriscos Patrimonial SLU, the largest shareholder, in Spain is correct , it is unlikely to be a takeover bidder, small company with turnover around 30 million euros and very few employees.
With 20.3 million shares and a forthcoimng dividends of 18.6p they may soon get the cost of their share ourchase back
Theyadded after adding 725.7k shares on 20 July 2023 according to Stockopedia
Asteriscos Patrimonial SLU, the largest shareholder, topped up their holding on 20 July 23 to 28% now with 20 million shares according to Stockopedia
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They are a Spanish company who have Estate Agency and Business Efficency Divisons with a liking for Retail Business efficiency, if my translation is correct
Size of Claim is crazy, it has history and was at one time resolved, and at first reading appears thin. . Press Extract from City A.M. in July 2023
Extracts
" PayPoint faces a multi-million pound lawsuit from a social enterprise, which has accused the payment services business of anti-competitive conduct in the pre-payment market.
Social enterprise Global 365 said in a statement that it has begun legal action against the London-listed firm to “recover significant loss and damage” after having troubles launching its own prepayment system, which aims to reduce fuel poverty by enabling energy suppliers to offer price parity between prepayment and credit customers.
Global 365 claims it was “shut out of the market” with PayPoint entering into exclusive agreements with most of the major energy suppliers in Great Britain.
This meant it was not able to effectively launch its prepay system and alleged that PayPoint was abusing its dominant position by imposing contract restrictions.
It then complained to Ofgem, which subsequently opened an investigation and reached a provisional view in 2021 that PayPoint engaged in conduct that had the aim of restricting other suppliers entering the energy pre-payment market.
PayPoint made “voluntary commitments” to remove and not enforce the offending clauses, and make a donation of £12.5m to Ofgem’s voluntary redress fund.
But now Global 365, represented by law firm Addleshaw Goddard, is bringing its own legal proceedings before the Competition Appeal Tribuna
Agree £172 million is a crazy claim . Average Total revenue Paypoint per annum was £156 m from 2019 -to date (period of case). I don't know the detail of the Anti competition appeal, which is disputed, but that claim seems crazy
Https://www.catribunal.org.uk/cases/15975723-global-365-plc-another
Global 365's claim for 172.2m sounds absolute ridiculous.
That is now over a £1 per share increase since my purchase of just over 2 months ago - a good rate of progress.
Was about double the current price only about 4 years ago
''500p''
now for £6 , £7 +
Good to see back through 500p!
Trek
Https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=PAY
Good place to find the Divi info ShareM
Thanks donQ, Have a great weekend all . KTF
"We have declared an increase of 3.3% in the final dividend to 18.6 pence per
share (2022: 18.0 pence per share). One to be paid as an interim dividend and
one to paid as a final dividend. This is payable in equal instalments of 9.3
pence per share (2022: 9.0 pence per share) on 1 September 2023 and 22
September 2023 to shareholders on the register on 11 August 2023. The final
dividend is subject to the approval of shareholders at the annual general
meeting on 7 September 2023."
Thanks mrozzy , wher did you find the notification , i am going through the latest Rns's .
Record date 11th August
Help me understand , is there a dividend date and a record date , the notice says "The Board have declared an increased dividend of 18.6 pence per share, consistent with our progressive dividend policy, and representing an increase of 3.3% vs the final dividend declared on 26 May 2022 of 18.0 pence per share. The dividend is payable in equal instalments of 9.3 pence per share on 1 September 2023 and 22 September 2023. i am a holder TIA
Appears a good set of results.
Paypoint already went through a formal government probe into anti-competitive practices, a couple of years ago, and was cleared. I don't have the details to hand, but I presume any complaint against them would have to go through the same body, which already cleared them.
Guides FY-Mar adj pretax at the top end of the range of market expectations.
Preliminary Results - Friday 28th July.
Dividend Schedule:
1st Instalment (3rd interim) - XD 10th August, payment 1st September.
2nd Instalment (Final) - XD 10th August, payment 22nd September
Announced today RNS.
Yes, it doesn't look particularly helpful. Added to no Preliminary results date yet and no dividend announcement for this months payment. Is there a time limit on how long this information can be withheld?
Concerned about this ?
https://www.cityam.com/paypoint-faces-multi-million-pound-lawsuit-over-alleged-anti-competitive-conduct/
But what if that doesn't happen? Maybe I should buy now before it flies over 500.
Anyone wanting to buy in here should wait for the 4 pounds retest sometime in August.