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(ShareCast News) - Electronic payments processor Worldpay posted its final results for the 2016 calendar year on Thursday, with the company seeing a 14% rise in transactions to 14.9 billion, as total transaction value rose 12% to £451.1bn. The FTSE 100 firm said total revenue rose 15% to £4.54bn. Both net revenue and underlying EBITDA were also up 15% at £1.12bn and £467.6m respectively, with the company swinging to 6.6p earnings per share from 1.8p losses per share in 2015. Its reported profit before tax was £264.1m, a significant improvement from £19.1m in 2015, and free cash flow also substantially increased to £170.9m from £32.4m. The board confirmed a total dividend per share of 2p. "We had a very strong 2016, both in terms of financial performance and strategic progress, and we're starting 2017 better placed than we've ever been," said chief executive officer Philip Jansen. "The substantial investments we've made in leading edge technology, innovative products, deep market reach and talented people are delivering real benefits for our customers, and our momentum with them is in turn further increasing our confidence in delivering our medium-term growth ambitions. "We are continuing to strengthen our global leadership position in payments, and we are well positioned to capitalise on the opportunities for further growth we see in our markets."
With such good results, we can expect a significant fall in the share price this morning, As predicted, 3% down, What do you have to do to get a price increase?
Definately exceeded my expectations, I envisaged the businses progressing in the right direction but did not expect the depth of positivity evident in the results. The market reaction this morning has me more puzzled...
Yes, positive progress being made, but some areas to consider. Fall in the value of certain transactions which could impact long term profitability. Contract retentions for some of the major players, but at what cost to WPG margins? Plenty of competition in this area so margins eroded or risk losing big chunks of business. No rebates due back from Visa Europe after sale. Full year dividend giving less than 1% return. Dividend payout needs to increase substantially to bring in the big income investors.
You could not make this up if you tried. The results come out yesterday, reasonably good,and the share price drops up to 8pence on the day, then the following day, it is 12 pence up. I dare say there is a masterplan and somebody/organisation has made a lot of money out of this, but I cant work it out. Where to tomorrow, either 2.92 or 2.78. Best thing to do is to read all you can, then disregard it all and take a guess. My advice is to either buy , sell or possibly hold these shares. I see the latest Broker rating has increased so that is an indication of a price fall.