Updates

Paypoint - Now over 13,000 payment terminals

August 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

A lower than expected tax rate was the sole reason for Paypoint exceeding its forecasts for its results for the year ended 31 March. They were nevertheless more than respectable, with operating profit before exceptional costs increasing by 50% to ï¿½12m from a 29% jump in turnover to ï¿½36.9m, while earnings rose 70% to 15.5p. Paypointï¿½s largest division, Bill & General Payments, which provides a payment collection network at local convenience stores to help consumers pay their household bills in cash, enjoyed a strong year, with net turnover rising 34% to ï¿½18.9m, as volumes benefited from the continued closure of post office branches, increasing energy prices and new contracts won. Growth also came through expanding Pay ...

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