PCI-PAL (PCIP)

Sector:

IT Services

Index:

FTSE AIM All-Share

 43.70p
   
  • Change Today:
      0.000p
  • 52 Week High: 46.00
  • 52 Week Low: 19.50
  • Currency: UK Pounds
  • Shares Issued: 42.55m
  • Volume: 8,167
  • Market Cap: £18.60m

IPPlus to sell call centre and software businesses, change name

By Michele Maatouk

Date: Friday 09 Sep 2016

LONDON (ShareCast) - (ShareCast News) - AIM-listed customer engagement specialist IPPlus has agreed to sell its call centre and software businesses to Direct Response Contact Centres for £6.7m.
IPPlus will sell the Ansaback call centre and CallScripter businesses, with £3.75m to be paid on completion and the balance received in the form of loan notes, to be repaid over 42 months following completion.

The disposal comes as the group looks to renew its focus on its secure payments solutions business, PCI PAL and the company said on Friday that it has proposed a name change to PCI-PAL on completion of the disposal.

Chief executive officer William Catchpole said: "The opportunity to focus fully on PCI-PAL and the high growth market for secure payment solutions is a natural step for the business given the appetite that we are seeing in the market. Existing clients include major global brands spanning the retail, service, and financial services sectors and the business is enjoying a strong rise in transaction volumes.

"The FinTech sector is being shaped by those with first mover advantage. As a result of this sale, the group will soon be renamed PCI-PAL to reflect the renewed focus and will be well funded to pursue the growth opportunity."

At 0905 BST, shares were up 32% to 20.15p.

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PCI-PAL Market Data

Currency UK Pounds
Share Price 43.70p
Change Today 0.000p
% Change 0.00 %
52 Week High 46.00
52 Week Low 19.50
Volume 8,167
Shares Issued 42.55m
Market Cap £18.60m

PCI-PAL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.41% below the market average62.41% below the market average62.41% below the market average62.41% below the market average62.41% below the market average
24.73% below the sector average24.73% below the sector average24.73% below the sector average24.73% below the sector average24.73% below the sector average
Price Trend
63.48% above the market average63.48% above the market average63.48% above the market average63.48% above the market average63.48% above the market average
43.69% above the sector average43.69% above the sector average43.69% above the sector average43.69% above the sector average43.69% above the sector average
Income Not Available
Growth
43.07% above the market average43.07% above the market average43.07% above the market average43.07% above the market average43.07% above the market average
38.95% above the sector average38.95% above the sector average38.95% above the sector average38.95% above the sector average38.95% above the sector average

PCI-PAL Dividends

No dividends found

Trades for 21-Feb-2020

Time Volume / Share Price
08:50 5,912 @ 43.81p
08:03 2,255 @ 43.81p

PCI-PAL Key Personnel

Finance Director Stuart Gordon
CFO William Good
CEO James Barham
Chair Simon Wilson

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