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The latest update is out from Paypoint ( (GB:PAY) ).
PayPoint plc announced the repurchase of 11,320 of its ordinary shares through Investec Bank plc, with the lowest purchase price at 666 pence and the highest at 675 pence. This share buyback, part of their capital management strategy, aims to reduce the number of shares in circulation by canceling them, potentially increasing the value for existing shareholders and indicating a strong financial position.
More about Paypoint
PayPoint plc operates in the financial services industry, providing payment solutions and services that facilitate transactions. The company focuses on offering convenient payment services to retailers and customers, enhancing the efficiency and accessibility of financial transactions.
YTD Price Performance: -13.59%
Average Trading Volume: 196,010
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £464.9M
Learn more about PAY stock on TipRanks’ Stock Analysis page.
