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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Paysafe Gp | PAYS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 590.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 590.00 | 590.00 |
| Top Posts |
|---|
Posted at 04/4/2021 13:13 by the juggler I may return to the fold too! PAYS was a dream investment. |
Posted at 05/1/2018 10:42 by slaccs Thanks Pays. From 90p to 5.90 and much wheeling and dealing along the way. Thanks to everyone on BB for info over the years. Sorry it had to end this way but PI's always get screwed in the end!R.I.P. Paysafe. |
Posted at 04/1/2018 20:04 by jubblies Cheque arrived today for me. Thanks to all the good people on here (wolfhound and malcolmmm spring immediately to mind but apologies for those I've missed), especially at the time of the short attack where the educational info was essential to help calm nerves!!Looking back I've been in since 2005!! as NLR. Then as NEO, and OPAY with its 5 for 3 offer, and finishing up as PAYS 2018. 13 years later!!!!! Shame it's had to end as I'm sure they have potential upside. Enjoyed (silently) learning and reading the board. I've now hopped over into WPG/Vantiv, IQE, XLM, like some of the other PAYS refugees.Looking forward to hearing from some of you over on some of the other shares!Cheers. |
Posted at 08/12/2017 15:08 by wolfhound1 All that PAYS cash had to go somewhere and I would be happy to take even more of CVC/Blackstones money cos they didn't give us enough last time round with Pays!!!GLA |
Posted at 06/9/2017 18:06 by ralphmalph @slaccs - I still feel that the ii's will reject it. Why?If you read the offer document then Bibco is doing nothing special to make PAYS successful. If PAYS needed an injection of capital that it could not raise in the market then that could be a reason, but it does not. Bibco could bring expertise or complementary assets that combined are more efficient, they are not. All Bibco is saying in the offer doc is PAYS is a great company, throwing off cash, that has a dodgy asset (that is worth a lot of dosh) so all we have to do is sit back smoke a few cigars and three years down the road it will be worth 2.25 times what we are going to pay today. Even the thickest fund manager and there are a lot of them, can see that all they need to do is hold onto their PAYS shares wait 3 years and reap 2.25 times the price today. But then again the thickos in the City may want a more expensive champagne than normal this year of a new expensive wife/husband after offloading the present one. |
Posted at 11/8/2017 11:20 by phoenixchi But your house is built on the only area of marshland in the area and no loans on it would be possible. Or, you are 86 years old and have no chance of obtaining a loan.Yes, on everything we know this looks too small an offer and it is annoying to see the BOD seemingly rollover like this. BUT, until someone (or IF) someone comes along and offers more per share, PAYSAFE is only worth what the market will pay for it. As for the BOD having to go and PAYS moving on from there if an offer doesn't go through. Well. what nonsense and I wish people would think before playing follow the leader over posting. The current BOD get us here and we were all full of praise for them for a long while. Who is to say that with a new board the rapid progress of PAYS would continue? I've been a company director on a big FTSE250 outfit and know that the contacts and experience of a board are critical. Hence, lets ditch this board in the belief that the current PAYS products and customers will continue completely untroubled. That, I'm afraid, is a risky proposition so calls for the BOD to resign etc etc are stupid. Yes, the 590p looks cheap but if nobody else bids that should tell us something. Stock market investing isn't quite as straightforward as so many here imagine it to be. Fingers crossed, though, my argument become irrelevant through a higher offer coming in. Unfortunately, I have some serous doubts it will because I also have the feeling the industry PAYS operates in is a little more wobbly than many on here imagine it to be. In the end, figures are NOT everything. |
Posted at 09/8/2017 10:20 by lomax99 IC comment:Is Paysafe playing it safe with offer price? By Harriet Clarfelt The market reaction to Paysafe’s (PAYS) half-year results was muted, despite improved revenues, reduced net debt and a “more sustainable level” of performance following “exceptional trading” in 2016. But this reticence was unsurprising, while the more pressing issue for shareholders is the group’s takeover situation. In late July, Paysafe received an offer from a consortium of funds managed by Blackstone and CVC Capital Partners. And, on Friday 4 August, it was announced that an agreement had been reached between the boards of Paysafe and the bidding consortium (‘Bidco’ PAYS:LSE Paysafe Group PLC 1mth Today change 0.09% Price (GBP) 588.50 Paysafe’s management has not given full-year guidance due to restrictions placed on them regarding forward-looking statements. That said, these results are strong. The operating margin was maintained at 18.5 per cent, despite salary costs incurred through increased headcount and expenses from the purchase of Merchants’ Choice Payments Solutions. Payments processing saw sales growth of 14 per cent to $264m, “outperforming the overall group” and driven by Asia Gateway. In light of the plan to sell Asia Gateway as part of the offer agreement, management released additional information about this business, which grew revenue 20 per cent and represented c. 23 per cent of Paysafe’s adjusted profit after tax. Analysts at Barclays forecast pre-tax profits of $305m and EPS of 51¢ for FY2017, up from $242m and 42¢ in 2016. They see upside potential, with the current 590p bid "undervaluing the business". PAYSAFE (PAYS) ORD PRICE: 590p MARKET VALUE: £2.86bn TOUCH: 589.5-590p 12-MONTH HIGH: 601p LOW: 230p DIVIDEND YIELD: nil PE RATIO: 25 NET ASSET VALUE: 271¢* NET DEBT: 20% Half-year to 30 Jun Turnover ($m) Pre-tax profit ($m) Earnings per share (¢) Dividend per share (¢) 2016 487 74.6 13.0 nil 2017 539 89.0 15.0 nil % change +11 +19 +15 - Ex-div: nil Payment: nil Includes intangible assets of $1.6bn, or 329¢ a share £1=$1.3 IC View The offer price for Paysafe is equal to 15 times forecast earnings, below the value attached to other takeover targets such as Worldpay. It seems improbable that Paysafe couldn't attract an enhanced multiple, particularly in a fragmented marketplace. We remain neutral. Hold. Last IC view: Hold, 583p, 27 Jul 2017 |
Posted at 08/8/2017 23:37 by malcolmmm Motley Fool-Digital payments companies have enjoyed rapid growth in recent years, as consumers have switched from paying for purchases with cash, to paying online or by smartphone. As a result, it’s no surprise that we have seen consolidation within the digital payments sector this year. Paysafe Group (LSE: PAYS), which assists businesses and consumers connect and transact seamlessly through its payment processing capabilities, recording a combined transactional volume of $48bn in 2016, is one such company that has recently received a recent takeover offer. Shares in Paysafe surged in late July, as it received a conditional, all-cash takeover offer from private equity groups Blackstone and CVC Capital Partners at 590p per share. And on Friday, the board “unanimously&# Looking at the half-yearly report released this morning, it’s not hard to see why the private equity groups wanted to get their hands on it. Revenue for the half-year increased 11% to $538.7m and adjusted EBITDA rose 17% to $169.2m. Meanwhile, adjusted fully diluted earnings per share surged an impressive 25% to 25 cents. However, in my opinion, it is a shame that Paysafe will be taken private. Fast-growing technology companies can generate amazing long-term returns for shareholders, but with the firm being taken private, it means one less opportunity in the sector for private investors to profit from. Is this stock a takeover candidate? |
Posted at 06/8/2017 21:21 by malcolmmm I am thinking that as CVC partners is buying back into a business it had previously sold to Paysafe, Skrill on 8x, and on forecasts its bid for PAYS is also cheap at 14x,that perhaps there was an agreement at the time for CVC to take over PAYS at some future stage, also on the cheap, being part of the original deal.I have sold some PAYS on Friday but then again am up 40% on PAYS this yearAlso why has OLD MUTUAL just top sliced and not sold their substantial holding if they don't think a better offer will materialise? |
Posted at 27/7/2017 13:19 by lomax99 Payments sector ripe for M&APayments. It might not sound like the most exciting of industries. But something about the sector has got major businesses – including Vantiv, Blackstone and CVC Capital Partners, among others – hot under the acquisitive collar. As we noted earlier in July, following Vantiv’s successful bid for payments giant Worldpay (WPG), the payments sector is being propelled forward by the global shift towards e-commerce. And, as consumers around the world continue to use cash less frequently, payments processors will only become more integral to everyday life. We appear to be witnessing consolidation across the payments industry – begging the questions, which company will be targeted next as a potential acquisition? And why would one want to acquire such a company? It seems fair to assume that the bidders for both Worldpay and, more recently, Paysafe (PAYS) anticipate further growth for the businesses going forward. Payment processors have fast become the acquisition du jour. Over the past month, we not only witnessed Vantiv’s bid for Worldpay, but also the purchase of Digital River Payments by Worldline, Ingenico’s takeover of Bambora, and Permira taking a 10 per cent stake in Swedish payments processor Klarna. By the time Paysafe announced it had received a possible takeover offer from a private equity consortium comprising funds managed by Blackstone and CVC, the market had spent several days acclimatising to a developing trend. Shares in Paysafe rose 8 per cent on the news, a reaction subdued perhaps by prior M&A activity in the payment processing sector. The market response was also obscured by Paysafe’s announcement of its own acquisition: Texas-based Merchants’ Choice Payments Solutions (MCPS). For Canaccord Genuity analyst Daud Khan, the offer for Paysafe is motivated by the heightened acceleration of consolidation in the sector. Mr Khan does not believe this will be the private equity duo’s only acquisition in the payments area – rather, Paysafe may form the cornerstone of consolidation, with two or three more acquisitions to follow. We appear to be witnessing consolidation across the payments industry – begging the question, which company will be targeted next as a potential acquisition An important question is whether the terms of the offer will satisfy enough shareholders for the deal to complete. While Old Mutual – Paysafe’s largest shareholder, with a stake of around 10 per cent – has already offered its support for a potential deal, other shareholders may not find the terms so attractive. Each shareholder would receive 590p in cash per share, equating to a premium of 34 per cent to Paysafe’s average share price during the six months to the end of June 2017. However, Paysafe's shares have enjoyed a bullish run in recent months, rising 46 per cent since the start of the year. The shares closed at around 540p on the day prior to the offer announcement – just a 9 per cent discount to the takeover price. Could Paysafe be better off on its own? The bidding consortium would want to sell off Paysafe’s non-core Asia Gateway business to help finance the acquisition. For Mr Khan, based on a valuation of eight times earnings, Asia Gateway could be worth 55p a share. If Paysafe was to sell this business itself, Mr Khan believes management could drive the group's share price up as high as 650p as a standalone entity, making the 590p offer price look relatively cheap. There is no certainty about whether a deal will go ahead. However, Paysafe is operating against a dog-eat-dog backdrop of consolidation, demonstrated by its own acquisition of MCPS for $470m (£362m). This should enable it to save money in the US while generating higher returns and enhancing its presence there. IC View Based on UBS's forecast EPS of 51¢ for the 12 months to December 2017 prior to the bid, the offer price equates to 15 times forwards earnings. This is well below the value attached to Worldpay (WPG) by its bidders, at 30 times forward earnings. Admittedly, the latter has a market capitalisation more than three times that of Paysafe. However, this is by no means a done deal and other bidders may come forward. Considering this trend towards consolidation, it is worth watching other players in the market – such as PayPoint (PAY) or small-cap Monitise (MONI). For Paysafe, the shares look fairly priced at 583p. Hold. |
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