I, too, have been following Loomis, using only cash as a payment method. Cash is invaluable due to its anonymity, and budgeting is also easy. Cash is a very concrete way to teach children the value of money, whereas card payments, especially with credit, obscure costs.
This investment case is interesting precisely for the reason you mentioned. Cash is hated, which keeps Loomis’s share price crawling near its all-time lows from the COVID era. Last year was difficult, but Loomis’s long-term return on equity has been very stable, just over 19%. In addition, the company has had a trend of increasing equity per share, which has been reflected in increased earnings per share.
There are risks, however: the new Loomis Pay has a lot of competitors, and it is not expected to generate positive operating profit until 2023. However, this has been stated to be merely a side venture alongside the core business.