Updates

PayPoint

May 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.

Ahead of entering its closed period, PayPoint announced that trading for the year ended 31 March was running ahead of expectations. Both its household bill payments division and the mobile top-ups side generated higher than expected net revenue growth of £0.4m and £1m respectively. The former was driven by growth in energy prepayments, particularly through poaching business from the post office, while mobile top-up growth came as a result of a delay in the migration of transactions from PayPoint's own terminals to retailer owned EPOS till systems. However, this was offset by PayPoint's fledgling ATM division, which not surprisingly has seen lower than expected transaction numbers in the wake of negative press covera ...

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