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Share Name Share Symbol Market Type Share ISIN Share Description
Optimal Pay LSE:OPAY London Ordinary Share GB0034264548 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 345.00p 0 05:00:01
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 153.03 19.76 13.29 19.7 1,638.3

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Date Time Title Posts
07/2/201717:42Optimal Payments11,229
27/4/201519:24Optimal buying for the Official List and FTSE250 promotion11
13/1/201515:43Optimal Payments - (old NETeller)8
10/9/201406:42Worth reading today's news quick 10/9/141

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jarega85: If you are looking at H&L, it may not be a sell, it could be a buy as it's assumption based on the share price at the time of sale. The share price of the sale was 342p so the share price had already dipped prior to the sale going through so it maybe a buy or potentially delayed.
ralphmalph: @jarega If you take a longer timescale and as long as the profits keep increasing then I have always thought that this has the potential to another Asos (and I know Asos has declined since its highs). That took about ten years to go from a quid'ish to 70 quid. One of the main reasons is that the Market for OPAY is the whole world, it is not limited by geography, like Bricks and mortar businesses are. We are three years in to the OPAY rise and profits for the last fiscal year have doubled. If OPAY keeps profits focussed and does not have a doubling in costs i.e the technology can scale with out large extra investment to cope with the new customers). Then we could be in for a period of profits more than doubling. But if they doubled every year for the next seven and the share price does the same then we could see an share price of "you do the maths" but it is a large figure, ASOS, Apple Google and MS in the early years 'esque. So everytime OPAY put out a financial statement look at the profit growth and not the statement that it has one large Asian customer.
vetpeter2: Interesting article from The Motley Fool site today. Nothing new but good to read an independent opinion "The online and mobile payments business is a potentially lucrative one, but it’s highly competitive, as a look at two companies with contrasting fortunes will attest. The past two years has seen the share price of Optimal Payments (LSE: OPAY) soar by 136% to today’s 289p, including an 11% rise on the day so far following a bit of after-hours news on Monday evening. Optimal has been attempting a takeover of Skrill Group, a digital payments company operating across Europe, and now has approval from the Financial Conduct Authority for the deal. Completion is expected on 10 August, and the firm intends to apply for a main market LSE listing shortly afterwards to move away from AIM. Profit is what counts Optimal, which described Skrill as “one of the largest pre-paid online voucher providers in Europe with its paysafecard brand” has the advantage of having been in profit for several years, so we do have some valuation metrics from which to judge. And even with the big share price jump we’ve already seen, that judgment looks favourable to me. Prior to the update on the Skrill deal, forecasts were suggesting a P/E of 18 for this year, dropping to a little over 15 in 2016. That’s a bit above the FTSE average, and Optimal’s dividends should yield less than 1% this year and next, but for a company with strong growth potential it’s an attractive valuation. Fortunes have, sadly, gone in the opposite direction for Monitise (LSE: MONI), once a favourite with Visa Inc which was an early shareholder and partner. But Visa is moving towards its own payment system, has been selling off its Monitise shares, and is widely expected not to extend its deal with the company beyond its expiry in 2016. The result has been an 89% collapse in the share price over the past 12 months, to just 4.5p. Reversal of fortunes To put the two companies into further perspective, their relative market caps have reversed — after the collapse, Monitise is now valued at only £105m, while Optimal Payments’ valuation has climbed to more than £1.2bn. The future for the whole digital payments business is still very open, and the launch of Apple Pay by Apple Inc in the UK has certainly livened things up — after just a few weeks of business in the US, Apple Pay had already captured 2% of the mobile payments market. But it’s not necessarily bad news for Optimal Payments or Monitise, as both are working on integrating their systems with Apple’s as Apple opens its interfaces for access by others — and the end result should be complementary. Which is better? Should you buy either of these two companies? Well, if you bought into Monitise you’d be banking on the shares being oversold, but sentiment does seem firmly against the company at the moment — and with the highly competitive nature of the business, it’s unlikely that all of today’s players will be around in five years time. If I had to choose, I’d go for Optimal Payments, as it is already profitable, is paying dividends (just), and its latest acquisition will bring desirable European expansion."
tangerine 787: Numis: Optimal Payments (Buy, TP: 450p) FCA approval of acquisition of Skrill Yesterday Optimal announced that the FCA had approved its acquisition of Skrill. We couldn't think of a good reason why the transaction would not be approved. However, we know we are not alone in inferring from the poor share price performance that there might have been a regulatory problem. News of approval is therefore reassuring and should, we believe, be positive for the share price. •Acquisition to complete soon. Formal completion of the acquisition is expected to take place on 10 August and, because the transaction is a reverse takeover, the shares will be relisted on AIM on the morning of 11 August. •Interim results provide opportunity to update. The next important event for the share price, in our view, will be the interim results on 26 August. This will be the first opportunity since the acquisition of Skrill was announced for investors to get a formal update on Skrill’s trading. We are also expecting an update on the implementation of the integration of the two businesses and on the timing of the move to the Main Market. We expect management to have a good story to tell. •Optimal is a fast-growing cash-generative business operating in a sector with high barriers to entry. The Skrill acquisition has brought together market leaders in niches in alternative payments and has created multi-year opportunities to optimise efficiency. •Successful integration to drive valuation. By any valuation measure, we believe that the shares are materially undervalued and we expect that the share price will rise once the acquisition of Skrill has completed and management is able to demonstrate the benefits of bringing the businesses together. We believe that the acquisition of Skrill is transformational and that Optimal now has all the components in place for a period of strong performance. We reiterate our Buy recommendation and 450p price target.
lomax99: Killik: OPTIMAL PAYMENTS (BUY 450p TP) Trading Update. “Further to the trading update on 21 May 2015, the Company confirms that trading to the end of June remains strong and in line with market expectations”. The company reiterates that FCA approval for the merger is expected not later than 30 July, although there is potential for the FCA to extend this deadline. Completion of the acquisition of Skrill will take place “shortly”; after FCA approval. Completion will be followed by an application to move from AIM to the Main Market. We assume that today’s statement is a response to the weakness in the share price (the company did not make a 1H post-close statement last year and it updated only a few weeks ago). It is hard for us to tell if it will have a positive effect on the share price since we are not clear what has caused the decline. Naturally, since Optimal has not yet acquired Skrill, there is no explicit comment here on trading at Skrill. The shares are trading on an FY15E EV/EBITDA multiple of 9.1x and P/E of 13x falling to 5.4x and 10x respectively for FY16 with a full period contribution from Skrill. The current market capitalisation is £957m and the proceeds of the rights issue, not yet paid to the vendors of Skrill, was c.£400m. Naturally the weakness in the share price makes us nervous that there is information circulating we are missing. On balance, we remain convinced that the share price will recover once the acquisition has completed and management are able to discuss the prospects for the enlarged group.
admin900: 14 AIM companies which hit the big timeAIM's 20th anniversary is a double edged sword for the junior market because it provides an opportunity for additional press coverage. But many hacks will regurgitate the old failures and scandals that everyone knows about. Like any market there have been good and bad companies, but one indication of the level of success is that 14 companies that started out on AIM are now constituents of the FTSE 250 index. These companies have a total market value of just over £21 billion.Putting that figure into perspective, AIM was valued at £75.3 billion at the end of May 2015 compared with just £18.4 billion at the end of 2003. By then, three of the FTSE 250 constituents had already left AIM and are now valued at £4.8 billion. Seven of the companies were still on AIM at the end of 2003 and are now worth nearly £8 billion, while the other four floated after 2003.There are 21 companies currently on AIM that are valued at more than £500 million and their total market capitalisation is £19.5 billion. Seven or eight of these companies are large enough to get into the FTSE 250.AIM's big winnersThe 14 companies in the mid-cap index which were previously on AIM are: Big Yellow (BYG), Booker Group (BOK), Domino's Pizza (DOM), Genus (GNS),Hansteen (HSTN), Hiscox (HSX), IP Group (IPO),Lancashire Holdings (LRE), Melrose Industries (MRO),Petra Diamonds (PDL), Playtech (PTEC), Redefine International (RDI) (was Wichford), Synergy Healthcare (SYR) and Unite (UTG). Animal breeding services provider Genus is unique because it was originally on Ofex, now ISDX, prior to AIM.AIM's contribution to FTSE 250 index(click to enlarge)The total value of these companies when they joined AIM was £1.7 billion and they were valued at around £6 billion - it is difficult to find an exact figure for Hiscox - when they made the move.These companies are in the FTSE 250 because of their current performance, but there is no guarantee that they will continue to succeed, even though they all appear to have solid businesses. There have been other AIM companies that have been in the FTSE 250 and fallen back out - stand up oil and gas company Afren.Of course, many of the companies have fuelled part of their growth by issuing additional shares, so the rise in market values is not all share price growth.(click to enlarge)All of the companies, except for Petra Diamonds and IP Group, pay dividends and yields range from just under 1% for Synergy Health to more than 6% for property investor Redefine International.The current valuations of the companies are after dividends and other cash distributions. For example, Melrose Industries has made a number of disposals and in recent years returned £800 million to shareholders. That is nearly one-third of the current market capitalisation. Melrose started out as a relatively small shell, but its careful acquisition strategy in the industrial and engineering sectors has ensured that it has prospered.In the past three years, insurer Hiscox has made special dividend distributions totalling £422 million and that is on top of its normal dividend which was 22.5p a share last year, costing £72 million.Pizza firm takes some toppingDomino's Pizza, which is the UK and Ireland master franchise holder of the pizza brand, has made tender offers to shareholders and paid a total of 98p a share in dividends. Although the original flotation price was 50p, the true adjusted flotation price is 15.625p, which is less than the 17.5p paid in dividends for 2014. Domino's Pizza is one of the most successful AIM companies of all time when it comes to share price performance. Ignoring the contribution from dividends, the current share price is nearly 50 times the flotation price.This provides an indication of the cash generative abilities of Domino's Pizza now that it has grown to a significant size. The company has also acquired the master franchises in Germany, Switzerland and Luxembourg. There were 894 stores in operation at the end of 2014, up from 190 when it joined AIM and 501 by the time that the company moved to the Main Market.(click to enlarge)Since 1999, underlying pre-tax profit has increased from £1.8 million to £54.8 million - and it would be higher without having to absorb an operating loss of £8.36 million from Germany and Switzerland.Domino's Pizza's performance contrasts with AIM-quoted DP Poland, which is still cash hungry and needing to raise money because of the immature nature of the Polish franchise operation. It will take time for DP Poland to be a significant cash generator.Aim for FTSE 100Grocery distributor Booker is the largest of the companies and it has grown substantially, but is one of the less well performing in share price terms - although it depends over what period you measure it. Booker reversed into another grocery distribution business called Blueheath so it is an example of how a disappointing business can be transformed and become a company with realistic potential to be a FTSE 100 index constituent.Blueheath was established in 2000 and was loss-making when it floated four years later. It raised cash to expand on the back of its IT system, but two years later a strategic review identified that costs were too high, there were large unprofitable customers and operating inefficiencies. Blueheath remained loss-making and needed additional funds to give it time to secure its future through the acquisition of Booker, which gave the business scale. When Booker reversed into Blueheath the new shares issued were 90% of the total share capital and the company was valued at £450.2 million.(click to enlarge)Booker had previously been quoted, but in 2000 it was acquired by frozen food retailer Iceland. The enlarged business was taken private and broken up. Charles Wilson become chief executive in 2005 and took on the same role at the combined group. The share price has moved above the original Blueheath float price of 121p a share, but it took some time. The current share price is around four times the level when the reversal took place.More acquisitions have been made since the reversal and the latest is the purchase of Budgens and Londis. If Booker continues to grow it could be knocking on the door of the FTSE 100. It will not be the first former AIM company to do this, though.The one that made itIT security products supplier Zergo Holdings moved to the Main Market in 1998, and after an acquisition became Baltimore Technologies. On the back of the technology boom Baltimore at one point was valued at £7 billion and reached the FTSE 100 index for a short period in 2000 - it is the only former AIM company to have achieved this. In August 2006, after Baltimore had moved back to AIM, Oryx acquired the company via a share swap equivalent to Baltimore's net asset value (NAV), although some minority shareholders remained. The estimated value at the time of the bid was £28.4 million!More than 160 companies have moved from AIM to the Main Market and around one-quarter have subsequently moved back. Not all of them have moved to a premium listing, and if they have a standard listing they are not able to be included in any FTSE index. Car auctions business BCA Marketplace reversed into AIM shellHaversham (HAV) earlier this year, but, despite being valued at more than £1 billion, it is not in the FTSE 250 because it became standard listed. There are plans to move to a premium listing.Online payments processor Optimal Payments (OPAY) is on course to be the next company to make the move to the Main Market and it will be eligible for the FTSE 250. Optimal Payments is acquiring London-based rival Skrill and this deal is awaiting FCA approval. This has delayed the move to the Main Market.All of these companies have needed AIM to help them accelerate growth, and some did not have enough of a track record to go straight to the Main Market. Otherwise, they were just too small at the time. Not now.This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
malcolmmm: QUESTIONS AND ANSWERS What is a Rights Issue? A Rights Issue is an offer by a company to its existing Shareholders to buy new Shares in the company at a fixed price. Companies use Rights Issues as a way of raising additional funds. In this instance Optimal Payments Plc is raising approximately £451 million via the Rights Issue to fund the proposed acquisition of Skrill Group. What is a Nil Paid Share (or Right)? A Nil Paid Share or Right is a tradable Entitlement which allows you to take up a new Ordinary Share under a Rights Issue at a set price. As Shares are often offered at a discount to the market price this Right often has a value of its own. If a Right is taken up and the call payment made the Nil Paid Share becomes a Fully Paid Share which will then convert into an Ordinary Share when the Rights Issue is complete. A Nil Paid Share is usually valued at the Ordinary Share price minus the Rights Issue call payment. Are the new Shares on offer the same as my existing Shares? Any new Shares purchased will be identical to your existing Shares in terms of your Shareholder rights. Can I elect for excess Shares? No, under the terms of this Rights Issue you may only purchase one Share for each Right held. How do I purchase the Shares on offer within my Vantage Fund & Share Account? You can take up your Rights either using cash presently held within your portfolio or send us additional funds to top-up your cash balance. You can send us additional funds to take up the Rights by sending us a cheque payable to ‘Hargreaves Lansdown Stockbrokers Client Account’. Alternatively, you can make a debit card payment through our website at or by calling us on 0117 980 9801. When does the cash need to be available by? If you make an election we will debit the cash from your Account shortly after receipt of your instruction. Please ensure sufficient funds are made available when making an election. If sufficient funds are not available we will be unable to process your election and your application may be rejected in full or in part. When will the new Shares be issued? If you make an election your new Shares are due to be issued to you on 5 May 2015. What will happen if I allow my Rights to lapse? The Underwriters for the Rights Issue will attempt to find buyers for any Shares not taken up. If these can be sold by the Underwriters at a premium to the 166p cost this premium will be paid to your Account, less any expenses incurred. What will happen if I elect to sell my Rights but the proceeds won’t cover the commission? We will only sell your Rights if they will raise sufficient proceeds to cover our £10.00 dealing charge as a minimum. If the proceeds do not cover this we will allow your Rights to lapse. Can I sell some Rights to raise cash to take up the remainder? Yes. This process is often referred to as a cashless take-up or ‘Tail-Swallowing’. If you wish to take this action please contact our Dealers on 0117 980 9800. Why are my Nil Paid Shares showing a cost price in my portfolio? For administrative purposes part of the cost of your original purchase of Optimal Payments Plc Shares has been allocated as a cost to your Nil Paid Shares. This is not the cost of taking up your Rights and this cost has not been debited from your account. The cost of your Ordinary Shares has been reduced by the exact amount attributed to your Nil Paid Shares. This is merely to reflect the fact that the value of your Optimal Payments Plc investment is now split between your Ordinary Shares and your Nil Paid Shares. Please note that this cost split has been done to aid you in the valuation of your Shares and should only be used as a guide. IMPORTANT INFORMATION WE ARE REQUIRED TO PROVIDE FOR YOU Please be aware that if you take up your Rights your new Shares will be purchased at a price of 166p, regardless of the prevailing market price of Optimal Payments Plc Shares. At the time of writing, Optimal Payments Plc Shares are trading with an offer (buying) price of 291p per Share. You should bear in mind that if you take up your right to buy new Shares you could end up paying more than or less than the prevailing market price. Please ensure that you check the Optimal Payments Plc Share price before making your decision. The information contained in this letter is based on our understanding of the Offer Document issued by Optimal Payments Plc and should not be seen as a recommendation to take any particular course of action. The full prospectus is available on the Company’s website at or from us upon request. If you are in any doubt as to the suitability of the options or the action you should take you are recommended to contact an Independent Financial Adviser.
paulypilot: Hi, I'm happy to join the longs on this stock - have been buying yesterday & (heavily) this morning. If you look at what triggered this latest plunge from c.400p to a low of about 275p today, it was the news of the CFO leaving. However, that announcement also included details of his replacement, who has main market experience, and that the outgoing CFO is staying on as a consultant until end Mar 2015. So there is clearly no scandal over the changed in the CFO - this was a planned move to replace the CFO, hence why his replacement has already been announced. Yet the change in CFO has crashed the share price by about 30%! Completely nuts. As for the EFH deal by the CEO - it was foolhardy, and a serious error of judgement. Also he has looked dishonest in still not properly coming clean about the details of the deal. However, that is old news, and itself caused a spike down from 400p to 320p in Nov 2014. I bought on that spike down, and did very well on it - within a week the share price had recovered fully. So overall I think the same scenario is playing out again - a massive over-reaction to fairly insignificant news, creating a wonderful buying opportunity. I backed up the truck & bought as many as I dared this morning, and am nicely in profit now, which is most pleasing. I completely agree with Tom W & Nigel Somerville on ShareProphets about the scandalous EFH deals done by company Directors, including the CEO of OPAY. However, where I totally disagree with them, is that this in any way justifies a 30% fall in share price! It doesn't justify anything more than a token fall in share price, in my view. Hence why the shares are a stonking buy now! I reckon OPAY shares could well recover quickly back up to the 400p level, just like they did last time there was a spike down on news unrelated to the company's trading. As for that Questor article in the Telegraph today, it was just a space filler! Rehashing the EFH issue, a month after it was originally discussed. So no new news in that article at all, hence the spike down in price this morning was totally spurious. A very nice buying opp for those of us who were clear-headed enough to sort the wheat from the chaff! Regards, Paul.
sweet karolina: Worth a read: HTTP:// EFH's MO is to sell all the shares in the 5-7 working days before they pay the money. Look at what happened to the OPAY share price and volumes in the run up to 1 April and make your own decision. Alternatively get hold of a copy of the full shareholder register and see how many shares EFH own. There are loans directors can get that use their shares as collateral which are not non-recourse. EFH loan is non-recourse, the director can walk away at any time for any reason. EFH want them to do that so they can "keep" the shares they have already sold. You need to see the full terms of the contract actually signed to see what all the default conditions are. An example contract is here, but the one Leonoff signed may well be different: HTTP:// Events of Default. An "Event of Default" shall exist if any one or more of the following shall occur: (a) Failure by Borrower to pay the Interest when due or the Principal Amount when due or any other Obligations when due to the Lender within ten calendar days of the date when due, whether on the Interest due date, the Maturity Date or any earlier date resulting from acceleration; or (b) If any representation or warranty made by Borrower in this Agreement or in any statement furnished at or in contemplation of the Closing Date or pursuant to this Agreement or any other Loan Document shall prove to have been knowingly untrue or misleading in any material respect at the time made; or (c) Default by Borrower in the performance of or observance of any covenant or agreement contained in this Agreement or default in any other Loan Document which is not cured within a reasonable time; or (d) If an Event of Default under the Pledge Agreement shall occur which is not cured within a reasonable time; or (e) If the stock provided as Pledged Collateral is removed from a national or international securities exchange, or trading is halted for more than three Exchange Business Days by a regulatory agency, or if the company goes private and has the stock tendered as Pledged Collateral is no longer publicly traded on the national or international securities exchange; or (f) If Borrower shall make a general assignment for the benefit of creditors or consent to the appointment of a receiver, liquidator, custodian, or similar official of all or substantially all of his properties, or any such official is placed in control of such properties, or Borrower admits in writing his inability to pay his debts as they mature, or the Borrower shall commence any action or proceeding or take advantage of or file under any federal or state insolvency statute, including, without limitation, the United States Bankruptcy Code, seeking to have an order for relief entered with respect to him or seeking adjudication as a Finally "Mr Leonoff pays interest of 3% on a quarterly basis to EFH on the Loan," does not mean it is 3% per quarter and therefore 12% per year. It is 3% per year, which he pays on a quarterly basis. Example contract says: "The Loan shall bear interest on the Principal Amount for each day from the Closing Date until the Maturity Date. Interest on the Principal Amount shall be computed on the basis of a 360-day year for the actual number of days elapsed and shall be due and payable quarterly commencing ninety (90) days from the Closing Date, for the preceding three months." Wow what a fantastic deal, when you also consider that margin calls only come when the stock price is 20% below what EFH paid, that is even more amazing - you would expect them to want a cushion not be in a hole. Too good to be true springs to mind. DYOR thoroughly on this, but above all full disclosure is needed and has yet to be provided.
macarre: Today's 22% share price drop reminds me of what happened to BLINKX at the beginning of this year. A nutty U.S. professor publishes a research criticising some of BLINKX's practices. Share price comes crashing down (-49% at lunch time). Lots of posts in discussion boards vilifying the professor and questioning his motives. Posters stating all kinds of logic reasons why the company's model was solid and the market behaviour irrational. And that as soon as directors put out a RNS, share price would bounce back like a rocket (btw, BLNX share price has never recovered, and lost 270% since Jan/2014). That is a good reminder to us that in the short/medium term, share price reacts more to emotions than logic. Happy to have closed what was left of my holdings at 386p early this afternoon. Good luck to all those who are betting on a strong bounce on Monday morning. I lost some money with BLINKX and have learned my lesson...
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