Paysafe Share Discussion Threads

[admin900] 10/11/2015 08:42

They should have change name as stated previous rns on 31 October not now that name change effected share price today.

[whymps2] 10/11/2015 08:32

Firm resistance at 357.

[longwell] 10/11/2015 08:29

old news, put out there so out of the way before main listing imho, news from now on will hopefully be all positive and share price enhancing from year end statement, full year results to main listing. none of which are too far away, people will position ahead of this, I am in position already and a lon term holder so will sit back and revisit in march now and hopefully £5+, good luck to all, see you in march.

[davidelliott52] 10/11/2015 08:21

Very nice trading update. I have no doubts here at all re the business but I'd of liked to seen more info on the hacking

[longwell] 10/11/2015 08:18

with integration ahead of schedule it begs the question, are there other acquisitions on the way ?. this looks like a well focused team who are going to keep going and going until taken out, the rewards are there for the work and they are taking advantage of the opportunities in front of them.

[cestnous] 10/11/2015 08:16

Cheers togglebrush - smartly done!

[stuart37] 10/11/2015 08:13

Probably not a good idea to change your name on the same day as your TU - volumes v low because of it but sure they'll pick up later........

[the juggler] 10/11/2015 08:12

Good morning all! Thank you Togglebrush for the new thread.

[dlku] 10/11/2015 07:19

Given these high levels of growth and recurring income the share price could easily be at 600p soon imo.

[devoncop] 10/11/2015 07:18

Nice update.

Group seems to be progressing well towards a Spring 16 FTSE listing.

To achieve that amount of synergy savings so quickly is a testament to both the Co aquired and PAYS management.

[dlku] 10/11/2015 07:17

New Name so strong

[dlku] 10/11/2015 07:16

ahead of schedule - as a result, circa $5-10 million of synergy savings are expected to be achieved by the end of Q4 2015, ahead of management's previously-expected Q1, 2016 timeline.



Loveee the "ahead of schedule"
Should get upgrades today from the US$5-US$10m cost savings which is brilliant

[togglebrush] 10/11/2015 07:04

New Thread for Optimal Payments OPAY
'
10 November 2015
Paysafe Group Plc
'
Q3 Trading Update and Capital Markets Day

LONDON, MONTREAL and NEW YORK (10 November, 2015) - Paysafe Group Plc, formerly Optimal Payments Plc, (LSE AIM: PAYS, "Paysafe", the "Group" or the "Company") provides an update on third-quarter trading ahead of its Capital Markets Day presentation in London later today.

Trading Update

-- The Group has continued to enjoy strong trading during Q3 and full-year Group revenue and EBITDA before synergies are in line with management expectations.

-- The acquisition of digital payments business Skrill completed in August 2015. The Group is pleased to report that the acquired business has completely absorbed the continuing adverse impact previously disclosed in relation to Greece and is nonetheless trading in line with the management expectations set out at the time of the transaction.

-- In addition, the integration of the new Group is proceeding ahead of schedule - as a result, circa $5-10 million of synergy savings are expected to be achieved by the end of Q4 2015, ahead of management's previously-expected Q1, 2016 timeline.

Paysafe President and CEO Joel Leonoff said:
"This has been a transformational year for the Company. We are particularly encouraged by the positive momentum we are seeing across all our divisions. We are trading well due to the continued strength of our business, strong cost control and accelerated synergies arising from the Skrill acquisition. Our growing digital payments business, under our new Paysafe brand, is focused on delivering sustainable profitable growth and we are very pleased with the progress we are making."

Capital Markets Day

A Capital Markets Day presentation is being held today for shareholders, analysts and other stakeholders focusing on an overview of the Group's operations and business divisions. A webcast of the presentation is scheduled to start at 1pm (UK time) and will be available live via with a replay facility expected to be available within 24 hours of the presentation. Alternatively, a conference call facility will be available at: [phone] (participant code: 6631010).

Move to Main Market and Full-Year Results

The Company continues to seek admission of its ordinary shares to listing on the premium segment of the Official List of the UK Listing Authority and admission to trading on the London Stock Exchange's Main Market for listed securities. The Company anticipates the earliest possible date at which the Company will be considered for inclusion in the FTSE 250 index will be the quarterly review in March 2016.

The Company intends to provide a trading update for the year ended 31 December 2015 in January 2016 ahead of announcing full-year results scheduled for March 2016