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I am invested here but only to the tune of £5k.
Why are you wondering? Are you heavily invested here?
Can't really tell what the SP will do while we wait for the results in July with hopefully some news that the Appreciate acquisition has gone as expected. If the dividends remain in place (and no reason why they shouldn't), I expect the SP will jump quite a bit.
I'm beginning to wonder just how far this dog of a share still has to fall.
Https://www.londonstockexchange.com/news-article/PAY/holding-s-in-shares/15975993
Trek
Thats good to know they are still accumulating. Gla
Asteriscos Patrimonial SLU has bought more, they are above 27 percent now.
Ex divi dates are 27th of July and 31th of August for the final dividends.
For Bittenpill:
"PayPoint also has said that it will announce its preliminary results for the latest financial year in early July.
The group said that it had needed to delay the announcement in order to complete statutory accounting and audit work related to its acquisition of Appreciate Group"
Same. Would’ve been rude not to!
At under 395p
The delayed announcement of the Y/E Result for approx. 2 months and the delayed declaration of the 3rd interim dividend normally in June might have caused the recent drop in the Share Price .
Although Paypoint gave an update of its Y/E in April 2023 . excluding Appreciate which was good .
Would anyone know why the Year Ended Result. 31 March 2023 is delayed till 6 July 2023.
Normally the Y/E Result announced in May /early June and the 3rd interim dividend declared and ex div date in a June .
Would appreciate if anyone knows why ?
Pretty difficult to see where this holds, I sold at a loss and bought back cheaper and still 8% down from that purchase, the only thing that keeps me holding is the rsi on the floor
Doesn't look like it, down again.
Has this bottomed out ??
Liberum
The four key strategic reasons for the acquisition were:
1. To strengthen PayPoint’s addressable markets, universe and proposition;
2. Open up growth opportunities in new and existing markets;
3. Deliver capabilities and operational efficiencies that are highly
complementary to both businesses; and
4. Enhance earnings and deliver attractive returns.
We take comfort from PayPoint’s M&A track record as the strategy has been
successful and well executed over the last three years, which has helped to
transform the business. We estimate that growth business lines could
account for c. 67% of group revenue in FY 25.
A revised CY 23 P/E of 7.9x and ordinary
Organic growth and Appreciate earnings. It should add 7-10m extra profit in 2 years (similar to the profit level of PAY in 2019). In theory, but it can be achived imo. Otherwise interest rates and fixed rates incomes will drop eventually and folks will realize value here.
That's very kind of you @MarkBell. Thank you.
Always interesting to see the views of others.
And a target price of 1100p to boot !!?
Wonder what the catalyst will be to turn the tide for PAY to begin that heady climb!
There's income while we wait although I'm in nearer the 580 mark so quite as much for me as is currently on offer.
Its all watermarked with my personal details so not as to redistribute
Here's about a big as a snippet I can share to encourage legally!
https://ibb.co/JvBTmNj
Hi MarkBell, you mentioned that you invested here following reading a very positive in depth broker note.
Is that something you could share a link to?
I am getting a bit a bit bemused by the share price's current journey south and need some inspiration!
Its here on ft.com
https://markets.ft.com/data/equities/tearsheet/forecasts?s=PAY:LSE
Short, they did declare 2 x 9p and 2 x 9.2p total 36.4p last year, but the last one went EX Div on 2nd of Feb 2023 and was paid on 6th Mar 2023. you can check the div on this link.
https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=PAY
Ed i got it from Post-close Trading Update.
https://uk.advfn.com/stock-market/london/paypoint-PAY/share-news/Paypoint-plc-Paypoint-Plc-Fy23-Post-close-Trading/90809834
Last years dividend was 2 x 9p and 2 x 9.2p total 36.4p.
If you provide more detail about this FT article, I will chase them. They should publish a correction if that is really what they wrote. More likely someone making up the 26p figure.
Thats copied from the FT...maybe you are right and they are wrong?