Equals Group PLC reported on Wednesday it had agreed to a £283 million takeover by Alakazam Holdings Bidco Ltd.
The London-based fintech company and payment platform developer expects the deal to close during the second-quarter of 2025.
Alakazam is a London-based investor consortium whose owners include Towerbrook Capital Partners UK LLP, JC Flowers & Co UK LLP and shareholders of Railsr, the trading name for Embedded Finance Ltd.
Alakazam will purchase Equals for 140 pence per share. Equals said this was ‘fair and reasonable’ and that Equals’ directors intend to recommend the offer.
The takeover comprises of a cash consideration of 135p, plus a 5p dividend per Equals share. |
Not saying we need a placing as I don’t know the inside track but the daily moves down with no buying from the city spivvs indicates a placing is due.
Forward metrics look positive and we all agree new European licence , new USA licence new MENA licence, new visa deal , new FX derivatives all sound encouraging and positive but seen it so often before where the city doesn’t buy the stock as they have the inside knowledge a placing is coming . Hope I’m wrong but fear I’m not. |
Uk stocks out of favour, at some point they will turn |
When it was that 120 you were ramping it now you're saying we need a placing, must be time to buy |
£156m market cap.
No one find it strange that absolutely no one from the city is buying as we all thinks it’s very cheap at this price.
Especially if the market is meant to be a forward looking metric.
Only conclusion is a placing on the way.
Just like when the price was falling during the bid process and people thought the bid was still going to happen , it’s the same here now.
No price increase on any day in 5/6 weeks now . It’s cheap on a lot of metrics and wildly over sold on all known charts and yet we move lower most days. Only conclusion is placing on the way. |
£158m market cap.
Well played the new CEO. Doing us proud |
Hang on. Chairperson and independent non Exec spent 400k on shares Stop fretting about day movements. It could.go much lower or higher. Build your stake if you believe in the long term value. I do and keep adding. |
Well underwater on this one, it's not surprising we are where we are with the deal falling through and the profit warning. Want to buy more to lower my average but I fear this could go back under 50p |
Makes that £161m gets you.
A banking licence in Uk
Major fx dealer across the world dealing in billions of pounds of transactions
NO debt
European FX licence
Imminent USA FX licence
First quarter next year MEENA licence
Central London structure now in place.
Visa tie up deal
Profitable
Directors last month bought half a million pounds worth of shares. |
Plus you get the cash balance on their balance sheet which is going to be an absolute bargain Franco- do you know what's the latest net cash balance available |
Interesting to note about the MENA licence project the BOD have mentioned.
MENA stands for middle east and North Africa so you would assume they work on projects only in those geographical areas.
However a large part of their work is in the USA and I wouldn’t be surprised if this company are laying the prep work now whilst the USA licence is in the final stages.
From there website
We invest in global innovative companies that have developed disruptive technologies that can fill critical gaps in the USA and MENA and are seeking to enter the region.
Our focus includes startups in the USA , Europe and in Emerging Markets that can benefit from entering the USA and the MENA region.
MENAGG provides dedicated business development services to help companies accelerate their growth in the USA and the MENA region. We drive results through best-in-class, proven methodologies and an established network of supportive ecosystems. |
£167m market cap
Gets you ;
A banking licence in Uk
Major fx dealer across the world dealing in billions of pounds of transactions
NO debt
European FX licence
Imminent USA FX licence
First quarter next year MEENA licence
Central London structure now in place.
Visa tie up deal
Profitable
Directors last month bought half a million pounds worth of shares.
Seems very very cheap to me. |
Surely USA licence is days away.
You can’t go putting statements out like below on the last update and not deliver before year end
“ Network – strong hiring progress in local jurisdictions. MENA licence process underway in Abu Dhabi and US licence process in final stages” |
On we go to day 22 of this manipulated world of the London stock exchange. |
Can we list in the USA, especially when we get the USA licence.
Below says USA small caps doing really well in the states. |
It's fhe institutions getting out. Will take time.Load up in meantime Francoise. A year from now...5 years from now. Exciting to be involved |
Nice 5% drop on 400k of shares traded today.
400k shares at 69p = £270k of share value.
This causes a £8.5m fall in market cap and assumes all shares traded today are sells.
Nice work if you can get it and fleece private investors into the bargain. |
Ah still got a few here.
Didn't see that.
Thanks francois. |
On the Crowne agents website today
Exciting news 🔊 we are partnering with Central FX 🤝
This collaboration will provide Central FX and its clients access to our extensive global network of partners and currency solutions, ensuring timely and secure settlement of payments to the last mile into hard-to-reach markets.
Through this partnership, we are excited to continue our mission of reducing the friction associated with cross-border payments by moving money where it’s needed.
#CrossBorderPayments #FX #LastMileSolutions #EmergingMarkets |
One month to go for our wonderful CEO to announce the US Licence that he promised would be in H2 2024.
Since he took control, it's all been downhill!
If he was a football manager, he would have been sacked and replaced in August as he is clearly out of his depth IMO! |
Good old ADVFN share sells showing as buys lol |
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