Paysafe Share Discussion Threads

[filmster] 06/12/2016 14:58

Shorters will push this down further now, as we now know there will be no news for at least 6weeks. That's correct right?

[malcolmmm] 06/12/2016 14:56

I am thinking that this is a message to investors that there is nothing untoward going on in the company.Its a buy signal in my book

[ihatemms] 06/12/2016 14:38

Chairman - with his previous buy and now has £187k in the company at an average of £3.74p. He's stands to loose quite a bit if the shorters know something he doesn't. Is he buying to allay PI fears (and be recompensed by a side company bonus) or is he genuinely buying to make money?

[nurdin] 06/12/2016 14:37

Do we know for sure that it is the shorters at play here? Could it not be some Institutions taking profits ahead of the year end to get their bonuses?

[qs99] 06/12/2016 14:31

hopefully one or two others may join the fray, then we can see short sellers getting singed...

[opodio] 06/12/2016 14:28

6 December 2016



Paysafe Group plc

Share purchase by a Director

Paysafe Group plc (LSE: PAYS, the "Company") has been notified that Dennis Jones, Chairman of the Company, has today purchased a total of 10,000 Ordinary Shares of 0.01 pence each on the open market at an average price of £3.6468 per share.

[the big fella] 06/12/2016 14:28

About a month ago we were told this and since then the share price has fallen 15%. Doesn't really add up given the lowly valuation in the first place. I therefore have bought in again.

Paysafe President and Chief Executive Officer Joel Leonoff said:

"I am delighted to report that we are on track to achieve the upgraded revenue and adjusted EBITDA projections for the current financial year which we set out at the time of our Half-Year results in August, all while maintaining our focus on further expanding our payments business and enhancing our core technology platform.

We remain focused on delivering innovative payment solutions that serve the evolving needs of the merchants we work with and look forward to updating the market on our FY 2016 results in early 2017."

[elsa7878] 06/12/2016 14:26

Yep - can't be an acquisition coming as Chairman is an insider.

So what are these short funds playing at?

[flyposter] 06/12/2016 14:21

Nice to see the buy, just as a small double bottom is forming.

[qs99] 06/12/2016 14:21

Decent size purchase IMO....can't be any "inside" stuff going on then IMO so IMO I am taking that as a positive ahead of early Jan trading update....

[eh9] 06/12/2016 14:15

There you go chairman confirms no issues lurking here. Onwards and upwards.

[le4r] 06/12/2016 14:08

A director purchase. So the plot thins... as opposed to thickens!

[longwell] 06/12/2016 12:02

trading update was jan 8th last year. unless downgrade we will see 4.20 again then only 6 weeks to full year results then 4.50+.
will sit back and hold, stand by my statement of events.

[malcolmmm] 06/12/2016 11:59

Hopefully the law of diminishing returns is kicking in here wherein bigger shorts will have to be made to keep these down making it untenable . Have we reached this scenario? is it time to buy more

[steptoes yard] 06/12/2016 11:07

With longwell here, they have come a long way so a material retrace is part n parcel in a LT BUll scenario. Shorts get opened, shorts get closed. Holding and adding

[eh9] 06/12/2016 10:48

I think they will have announced the deal by / on prelims as last time but do believe there is a good chance that something might be announced before Christmas and that the iis are currently insided and therefore cannot buy more until announced (they would have to give verbal agreement if big as was the case with skrill)

[longwell] 06/12/2016 10:44

there are no conspiracies,mergers, takeovers being done. its a short target to make money as has happened numerous times in the last 2 years. after full year results it will be 4.70 again then an announcement in july or august.
very simple really , buy on weakness or when others are selling if you trust the fundamentals and business model.
this sector is eat or be eaten for next 3 years, ride the dips and become rich.
or not.

[ralphmalph] 06/12/2016 09:55

Could be they thought it was just a bit over bought and decided to make a quick bit of profit. They may close before year end to lock in the Xmas bonus. if they hold past year end then it may well indicate that it is a strategic decision not tactical.

[eh9] 06/12/2016 09:08

I don't think they have any interest in hardware other than jvs. The whole investment case is its software and very scaleable at low incremental cost

[wolfhound1] 06/12/2016 09:05

@EH9 - agreed- Nasdaq is the way to go - that is why I think Verifone would be a good target (linked to Worldpay and Alipay) and their market is EPOS - which fits with the future direction of what PAYS has been delivering - plus we would only need to loose the s in PAYS ticker :)

[malcolmmm] 06/12/2016 08:45

I agree. On looking on Short Tracker, what is going on here seems to be a tried and tested formula with regular shorts to depress the share price of a company.I suppose it will work up to a point. They seem anxious to keep the lid on any potential rise here.

[eh9] 06/12/2016 08:36

Hope they are using skrill or neteller for their poker money transactions - should help us get to Joel's personal $1bn goal. If I was a Canadian leadership team of a dollar business 98% not exposed to U.K. I would merge with a nasdaq player personally.....

[wolfhound1] 06/12/2016 08:09

@malcommm

They would be v silly little boys and girls if they have acted on insider trading - google Galleon fund - consequences of such actions when caught are never worth the risk.

I tend to see this more like a game of poker - these guys are just as likely to be bluffing and try and impress by how big they can bet - those who are fearful will fold ( sell) - those that know they have a good hand ( strong company, good results confirmed) will hold and see the hand out, those still standing at the end win the pot .

Most likely here is that they joined in the feeding frenzy - see AEK shorted , hear JL talking of an acquisition , assume dilution (as ELSA noted) and pile in to the short in the hope of surpressing price further. Elsa is right - as long as they think there is meat on the bone they will push the short. But as before they can close these shorts ( CFD) in a phone call and we won't know til after the event.

The probability that all three are long the same target - have got to be pretty small - and if they were then that would probably trigger an investigation of insider trading - especially if it transpires there is an acquisition and it is a US entity - then you have US authorities like SEC;FTFC; Fed; FBI etc... all involved and they make the FCA look like the tooth fairy.

[lomax99] 06/12/2016 08:07

Delayed reporting on Short tracker, Sand Grove increased their short from 0.63% to 0.72% on 2/12/16.

[wolfhound1] 06/12/2016 07:47

@flyposter

From memory the large shorts were opened during the RI post the Skrill deal announcement - from memory they forced down the price of the rights from 132p to about 89p and then closed the short on the last day (so in effect picked up the rights at a heavy discount) - what is similar is they try to convey that they know something that we don't - so it was just a play on fear.

They closed their shorts just as the rights issue was closing - and no doubt having forced down the share price then went long and rode the curve up. Easy money.