PayPoint
PAY · Main Market · Industrial Goods and Services · mcap £369m · 663.5p
PayPoint runs a network of over 30,000 UK convenience stores offering bill payments, parcel collection and card services. It also owns Love2shop gift cards and savings, plus Open Banking and e-commerce parcel businesses.
The case for
- Record underlying profit before tax of £69m in FY26, and the ordinary dividend has risen every period. 11 Jun 2026
- Buybacks have cut shares in issue by 17.7%, with at least £30m a year planned to March 2028. 1 Jul 2026 29 Sep 2026
- Digital Payments targets over 20% yearly growth, with revenue expected to more than double in four years. 29 Sep 2026
- Directors including the CEO bought shares after the November 2025 fall. 21 Nov 2025 24 Nov 2025
The case against
- The £100m EBITDA target for FY26 was missed; FY26 EBITDA was £92m. 20 Nov 2025 11 Jun 2026
- Net corporate debt rose to £132.5m from £97.4m, while buybacks continue. 11 Jun 2026 28 Jan 2026
- Q1 FY27 net revenue fell 6.4%, with declines in Network Services, Merchant Services and Love2shop. 29 Jul 2026
- Management cut the stake in Collect+, a growth area, by selling 49%. 30 Sep 2025
Both sides use only facts from the company's announcements · not investment advice
Company filings. Not investment advice.