An update from Paypoint ( (GB:PAY) ) is now available.
PayPoint plc, a company involved in financial transactions, announced the repurchase of 12,950 of its ordinary shares through Investec Bank plc, with plans to cancel these shares. This move is part of a buyback program, with the shares purchased at prices ranging from 665.00 to 675.00 pence, and a weighted average price of 669.3131 pence. The company’s current share capital stands at 70,590,973 ordinary shares, each carrying one vote. This transaction may impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Spark’s Take on GB:PAY Stock
According to Spark, TipRanks’ AI Analyst, GB:PAY is a Outperform.
Paypoint demonstrates robust financial health with solid revenue growth and profitability. The strategic share buyback initiatives further enhance shareholder value. While the stock is attractively valued, potential bearish technical signals introduce some caution.
To see Spark’s full report on GB:PAY stock, click here.
More about Paypoint
YTD Price Performance: -13.09%
Average Trading Volume: 161,660
Technical Sentiment Signal: Sell
Current Market Cap: £471.5M
See more data about PAY stock on TipRanks’ Stock Analysis page.