Paysafe Share Discussion Threads

[jarega85] 05/12/2016 12:04

New office is still on the Isle of Man, just changed locations

[gswredland] 05/12/2016 11:36

Interesting wolf. Thank you

[melf] 05/12/2016 11:26

Thursday is going to be interesting either way!

[wolfhound1] 05/12/2016 11:14

EH9 - do have a re-read of my post - no one mentioned "announce" - I said field questions i.e. therefore assumes deal announced before 8th i.e. COB 6th/7th

Cos as it stands on the 8th with a whole pile of analysts there I would assume "acquisition" will be the only topic on any Q&A

[wolfhound1] 05/12/2016 11:00

If we were going for ambitious gsredland - I would have said 900P+ was a reasonable target

we were at 470p+ about a month ago before PEPM entered the fray - 560p is only 90p over that (i.e. 20% premium) - with the news of Sand Grove now in the game then clearly the shorts have been entered to suppress the share price ahead of a deal

If PAYS was re-rated to be treated the same as its peers then based on a forward PE for 2017 we would be

UK = PE of 15+
US = PE of 27+ ( see PAYPALS acqn of Zoom - forward PE of 27)

At current share price of 367p I doubt we are even on a forward 2017 PE of 10 - so a 50% premium to current share price is more than reasonable - for ambitious I would give it a US rating and say 2.7 times current share price = 972p.

[eh9] 05/12/2016 10:57

Just to be realistic no company makes a big announcement on a day it's key executives are out at a conference. Period.

[uhound] 05/12/2016 10:53

Beware of the Monday morning bounce!

If the price holds toward the end of day, then we might be close to a share price reversal, but declining shares often fall back as the day plays out.

Watching and waiting.

[malcolmmm] 05/12/2016 10:50

Wolfhound1 you could well be right, Sand Grove is also shorting Shank Group which do have a div and are doing well and intend to merge with a Dutch company.

[sir gimli] 05/12/2016 10:46

Interesting stuff - thanks guys. Am following this like a hawk atm.....

[gswredland] 05/12/2016 10:45

Barclays 560? Ambitious...

[wolfhound1] 05/12/2016 10:43

Sand Grove play an "event driven" strategy i.e. M&A activity

Probability of a deal being announced just went up significantly IMHO !!

8th Dec Berenger Conference could be a great platform to field questions on a deal.

Shorts can be closed in a day or two even at 5%+ - and certainly will be closed before joe public knows - have a look at 4/5 may 2015 for confirmation of same - the 5% short was closed in a day.

Skrill announcement gave us a 50% rise in share price !! right up there with Barclay's 560p

[elsa7878] 05/12/2016 10:43

Or they know that Pays is in talk for another acquisition and are therefore short Pays equity and presumably long the target - whoever it is......

[lomax99] 05/12/2016 10:33

Well Sand Grove supposedly has a remit as an event driven hedge fund, which trade on corporate activity such as mergers and acquisitions. So presumably trying to keep the price low for a take-out.

[sir gimli] 05/12/2016 10:33

And just to qualify my previous comment thats 32.09 million shares being shorted....there is definitely something going on here to explain these positions but sadly we are not privy to it at this stage. No doubt time will tell but with the company confirming its on track I very much doubt this relates to a trading issue. There MUST be a NASDAQ listing, or acquisition in the offering.

[sir gimli] 05/12/2016 10:20

Well not sure what the shorters are seeing here but Shorttracker has just picked up another fund shorting the company - Sand Grove Capital Managers have joined the party at 0.63%.

Shorts are now up to 6.55% (hover over the graph to see this) so fully expect to see more shorts disclosed on the site (currently shows 5.88%).

I really hope they get their fingers well and truly burned!

[gswredland] 05/12/2016 09:26

Bought in this morning.

[callmebwana] 05/12/2016 09:25

Ah !! Charting does work. The Dogi did the trick. Perhaps the Italian vote was priced in.
GLA.

[malcolmmm] 05/12/2016 09:14

As someone said , perhaps PEP will slowly close their shorts weekly as looking at the short ratio it will take them a couple of weeks to close anyway

[le4r] 05/12/2016 08:59

QS99 -I think MalcolmMM is right re the IT election - but that shorters had planned to close their positions by buying into expected weakness (PI concerns??) following the announcement result. Guess we'll see in the next few days. Also added this morning.

[qs99] 05/12/2016 08:54

that looks like a good reversal, strange given Italian vote, but maybe markets see that as meaning more easing/lower rates etc....looks a convincing bounce, have decided to enter the fray and not wait for lower...let's see, gla

[opodio] 05/12/2016 08:47

massive bowl to 500

[malcolmmm] 05/12/2016 08:39

I think looking at last week , the Italian election was priced into the market

[malcolmmm] 05/12/2016 08:35

Strong start, I cannot see PEP taking out many more shorts if any with the traditional rally around the corner and Berkeley where a fund had 40m in a short, rising 8%. They must be taking a big hit.Also according to SCSW deals will be in the pipeline

[jarega85] 05/12/2016 08:34

Was hoping for a great buying opportunity but it seems to have gone the other way! I shouldn't complain really! It would be interesting to see if the shorts are reported as closing tomorrow but could take them a number of days to clear

[keyno] 05/12/2016 08:32

Here's hoping as I've been tempted back in again. GLA.