RE: Over £200 million in damages10 Dec 2025 17:53
Bendipa1;
Whilst I appreciate your point of view, you are actually posting some factual inaccuracies. The PAY share price hasnt been over 900 for over 5 years now, way back on about the 02nd Jan 2020. There is also no evidence to support your "shorters favourite", the short interest has never gotten above 1.65%ish and is usually relatively low. That is not to suggest there is no price manipulation and things going on in the background. The recent downgrade to EBITDA was unexpected and has been taken advantage of as the market were expecting an EBITDA of £100m for 2026/7.
Whilst you say 25k shares is a significant amount, Nick WIles CEO is a multi millionaire and £125k is probably a drop in the ocean for him. He used to work as an investment banker for Casenove before they were bought out by Morgan Stanley and has been on the boards of a number of listed companies. So, hes worth a few quid and whilst good to see him buying, and a vote of confidence, it doesnt mean that things are "rosy" and we will see a quick return to 600/800+ share price.
The court case IS an issue until the judgement is handed down because it leads to uncertainty and that if the judgement goes against PAY, however unlikely, it means they could be facing significant liabilities and a multi million pound settlement. This would hamstring PAY and require them to possibly damages.
The divi, you say, is too high at the moment. That is not true, when the recent share consolidation (12 for 13) occurred the dividend was not increased accordingly in line with the reduced number of shares. So the dividend has actually been reduced already in real terms for holders who did not buy back shares with their 50p dividend by about 8%.
The company is still finishing its transitioning from the legacy business to the new "digital" business. The Romanian business was exited 5 years ago, they bought out Love 2 Shop 2/3 years ago which is why there is a significant debt pile currently. Obconnect hasnt brought in the revenues projected, parcels business has also had a few problems recently.
I have owned shares in PAY for quite a while and seen highs and lows over the last few years. At least get the details right if you are going to tell me "how it is" with Paypoint.