Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Do we have any indication as to when this will resolve?
I may have missed something from the company
Unlikely to dip to 400p imo and 380p very wishful thinking
Posting the Result
Market hates uncertainty . PAY definitely created this. Investors already waited far too long after thr preliminary good result excluding Appreciate in late April 2023. Now with a further delay of the Result due to Technical Accounting Treatment on some big items issue on Appreciate by the Auditor .. it really throw a spanner on the Result . This Accounting Treatment of Appreciate sounded either transferring to in P & L Account which affects the bottom line final result or transferring to Balance Sheet . This delay doesn’t sound good to me . PAY will be under pressure now till result is out . Likely to retest £3.80
Hoping for a touch of 400 again.
Good Divi which looks secure, cash flow and operations good, need a plan to drive the acquisition.
Feels undervalued as not a very dynamic on trend company, but should do okay in a downtrend in H2.
GLA
It looks like there is not any panic selling so far.
Ignore RNS, found on LSE News Service. Also brief trading update.
Announcement on RNS that results will be postponed on Thursday. Due to a "technical accounting treatment relating to the balance sheet of the Appreciate Group at acquisition and at year end"
As expected profit taking started. Pays to sell some keep some and recycle.
Usual caveats
Trek
This imo has peaked for now. I’d take some off and wait till after results on Thursday. Then feed back in. It’s gone up 100p from lows. Will likely pull back before another run. Results day always dodgy unless you intend to hold whatever as bit longer term I see 550 again.
Usual caveats
Trek
I don’t hold anymore having traded down and out I think it was around 430.
Had it in my sights to buy back at 380 but opted to add to DEC. Just went for yield in the end.
I expected this to stop at 450 and am pleased it’s still going! There may be some more excitement on the run in to Christmas due to the APP deal and the current cost of living challenge. That often means people use vouchers more for gifts and to budget.
The SP really went down for no operational or financial reasons. It’s now doing the same going back to where it should be at hopefully +550 for holders here!
Anyways good luck all and be great to see an Aster bid!
Usual caveats
Trek
Going well since my purchase at about 395p just over a month ago
Looking good for results on the 6th July
The trend is firmly up.
FINALLY !!
Good to see the SP move towards the right direction :)
If you are a long term holder you must be massively down?
Long term holder here, nice to see starting to move back in the right direction. Still way under valued and under the radar. With Aster still increasing who knows but interesting times.
Pay was trading just under a tenner prior to pandemic and now a stronger business model than ever. Looking forward to the update and all going well a proper rerate. GLA
Even happier jumped in Monday
Also bought GHH making some nice money there also
Although got stuffed by JSE dropped them too the bottom drawer only got caught for a small amount average of 56 still have half a chance
Now up over 10% since my purchase on 25th May
Terminal decline? They lost the British Gas contract back in 2019 and had to re-set. They sold their Romanian subsidiary to fund re-investment in the UK which has culminated in the recent acquisition of the Appreciate Group (Love2shop).
Initially growth in UK income from replacement sources was stymied by falling income from the British Gas contract but UK income and profits are now ahead of where they were previously and steadily growing apace. Group income and profits are not yet back to the levels they were prior to selling the Romanian subsidiary but are trending upwards YoY and Love2shop should help take them to the next level.
I think Paypoint is too quickly written off because people compare today's results to pre-2019 and don't spend the time to look into the background.
Has its core activity of utility prepayment cards has longevity or not? Mind you, investors have been worrying about that for many years, and like newspapers too, it keeps spewing out profit/cashflow despite being possibly in long-term decline. Plus it’s making acquisitions too, including an opportunistic bid for gift card business Appreciate.
Positive Trading Update and Confirmation of Preliminary Results Date
Here’s the whole of today’s update -
PayPoint today reconfirms the guidance issued in the post-close trading update on 20 April 2023 that Group net revenue for the financial year ended 31 March 2023, excluding Appreciate Group, is expected to be around £125m (FY22: £115.1m) with accelerated revenue growth across all three business divisions. The Group anticipates that profit before tax for the financial year ended 31 March 2023 will be at the top end of the range of market expectations, excluding exceptional items and Appreciate Group impacts since completion of the acquisition, driven by the strong momentum across the business.
The Group has materially enhanced its platform and capabilities in the past year: our integrated payments platform has expanded with the addition of Open Banking and prepaid solutions to our solutions across card, Direct Debit and cash; our retailer and SME proposition is now stronger than ever, with multiple opportunities for partners to earn revenue; and our e-commerce offering has gone from strength to strength, delivering record volumes and an unparalleled in-store experience for consumers. This enhanced platform will unlock future opportunities and deliver sustainable and profitable growth for shareholders, underpinned by our business-wide partnership philosophy and intensity of execution.
The integration of Appreciate Group (now known as Love2shop) continues to progress well, opening up further revenue opportunities, expanding our capabilities further in the gifting, rewards and prepaid savings markets and enabling the creation of enterprise level solutions into new markets, combining our extensive payments and commerce solutions across the Group. These opportunities have accelerated since completion.
Trading has been positive early in the first quarter of FY24, and we look forward to updating the market further at our preliminary results for the year ended 31 March 2023 on 6 July 2023.
Sounds pretty good to me.
A note from April 2023, kindly published by Liberum, via Research Tree, estimates 58p EPS, and 41p divis for FY 3/2023, rising slightly for FY 3/2024.
At 401p per share, that’s giving a remarkable yield of just over 10%, and a PER of only 6.9x
Paul’s opinion - value investors would be negligent not to do more research on this share, when the value measures are this cheap! I can only give it a thumbs up, so green opinion from me, due to the fantastic value on offer here.
The sell off is merely due to the likes of Investment banks and other traders using a share like this as a hedge during recent market "fears"..... they all sell off as a result of the macro risks in the market and then look to buy back in when they believe the risk they are selling off against has peaked ...eg the risk of the US Debt Ceiling debacle or inflation getting worse ...
easy share to profit from as there are few shares which produces big swings either way...
" for a share with no short interest "
most likely there is NET short interest ... some shorting hedged against long holdings ..but NET so below the reporting line
It's about time really. The price slipping from £5.40odd when the appreciate transaction was announced to £3.75 was a joke!
Market appears to like the update - up 6.6% as I write.
All good here. Market will have to respond to todays update and simply wont be able ignore that Paypoint sitting at these crazy levels!!! Gla
Anyone else at a loss as why we're taking such a hammering??? Aster increasing their stake, guidance at top end of concensus, yield up, even got a mention in a Interactive investor article as 1 of 10 great UK shares Warren Buffet would pick. The list of positives is certainly having a negative effect on the SP now at lowest level since 2011! Started going downhill after Appreciate purchase announcement. I was expecting a rise on completion but not happened. Any ideas out there? i'm taking a bit of a slap on this share. Was going to average down but for a share with no short interest and continued positive newsflow the SP decline is baffling. GLA