Good news for Paypoint holders

[toofast2live]

A dividend of 30p plus a special of 24.5p

https://globenewswire.com/news-release/ ... ation.html

[ReformedCharacter]

A dividend of 30p plus a special of 24.5p

https://globenewswire.com/news-release/ ... ation.html

I've been eyeing up PAY for a while, one of Luni's I think. Bought some this morning at c. 970p.

RC

[kempiejon]

I looked at some high yield but lower cap shares with good dividend growth histories. I'd say at £600M Pay is too small for many HYPs, FTSE100s or shares above £1000M Being more usual. They have been pushing out special dividends giving double digit yields so seem to be cash rich. I'd say they've been a good income investment recently.

[88V8]

Twas here
http://boards.fool.co.uk/paypoint-goes-hy-13115136.aspx

I hold.

V8

[CommissarJones]

Paypoint has had something of a selloff in recent weeks that drove the gross yield up to the current 5.2% (according to Bloomberg), for anyone thinking of topping up or buying into this one. The stock closed today at 858 pence, leaving it down 13% from the close of 990.5p on June 20.

[moorfield]

Paypoint has had something of a selloff in recent weeks that drove the gross yield up to the current 5.2% (according to Bloomberg), for anyone thinking of topping up or buying into this one.

A shoe-in nomination for GDHYP's next purchase.

[Wizard]

Paypoint has had something of a selloff in recent weeks that drove the gross yield up to the current 5.2% (according to Bloomberg), for anyone thinking of topping up or buying into this one. The stock closed today at 858 pence, leaving it down 13% from the close of 990.5p on June 20.

I have no idea what is behind the recent fall in PayPoint, but a short while ago I was considering adding them until I found some potential issues with the acceptance by retailers of their new terminal.

I started searching earlier to see if I could find a copy of the Paypoint retailer contract online to see what credit risk Paypoint has. I was not able to find it, but I did find something I found concerning to me at least.
https://nfrnonline.com/news/is-paypoint ... -business/
If you follow this link and click to download the Q&A at the end you will find a poll conducted by the NFRN which suggests a very different level of businesses may not accept the new terminals and / or new pricing structures for the existing one. I went back and listened to the You and Yours piece again and it seems the 500 of 15,000 quoted on that was sourced from Paypoint themselves. Now the NFRN may not be completely objective themselves, but if their poll is even close to reflecting how retailers will respond the move to the new terminal may not be smooth sailing for Paypoint.

Another Lemonfool PMed me about a conversatikn with his local convenience retailer which, whilst a poll of one, was absoljtely consistent with the messages fro the NFRN poll.

This question is enough for me to put Paypoint onto the watchlist, but I will not be buying in the short term until this plays out a bit.

Personally I would want to know the new terminal roll out was going for a reward without a major impact on revenue / profits. But as ever DYOR.

Terry.

[monabri]

Mon Dieu, Terry ..did I call that one right..?

Make a note as it's the first one of the year!!

[CommissarJones]

Wow, the NFRN poll responses make for sobering reading indeed. Many thanks for posting that.