Paysafe Share Discussion Threads

[admin900] 13/12/2016 18:10

read yourself spotlight reseach here

[johnv] 13/12/2016 18:01

heres another one

hxxp://uk.businessinsider.com/paysafe-shares-collapse-december-12-short-seller-report-2016-12

Quote........

Barclays said in a note last week that Paysafe "continues to stubbornly trade at an unjustifiable discount to the sector" in part due to the "concern around the Bet365 exposure in China." However, the bank dismissed this as "noise", giving the stock an "overweight" rating.

Analysts at Macquarie said in a note on Monday initiating coverage of the stock: "Paysafe’s risk has fallen significantly over the last few years. Paysafe’s exposure to high-risk Asian gateway revenue has reduced to about 13% in H1 2016 from 29% a year ago and it is not a contributor to growth."

So Barclays was talking about the China exposure last week!

[johnv] 13/12/2016 17:54

Interesting here, last two sentences

hxxps://calvinayre.com/2016/12/13/business/paysafe-shares-slide-allegations-china-bet365/

Quote.....
Paysafe took pains to point out that Spotlight had acknowledged holding a short position in Paysafe, and thus had every motivation to see its shares plummet in this manner.

These type of short-seller drive-by’s aren’t uncommon in the online gambling industry. One year ago, Canadian online bingo operator Intertain Group saw its shares slump more than one-third following a hedge fun’s claims that Intertain was essentially a Ponzi scheme.

[ihatemms] 13/12/2016 17:53

This is Bet365's response to the Guardian article in 2014.
Profiting from legal loopholes
The Guardian recently reported that, despite not having any physical presence in China, Bet365 makes a big part of its online betting revenues from Chinese players.
Bet365 reacted pretty quickly to these accusations, releasing a statement to defend its operations in China and claiming that it takes its legal and regulatory obligations “very seriously”. The company also pointed out that its activities are licensed by “relevant regulatory authorities across a variety of jurisdictions”.

China does not hand out licenses to online gambling companies, because it doesn’t want their services. But the legislation doesn’t clearly ban them either. Lawyers argue that the company is not doing anything illegal, since there are no Chinese gambling laws referring exclusively to online casinos and betting, or forbidding these types of services.

“There is no legislation that expressly prohibits the supply of remote gambling services into China by operators who are based outside China. Bet365 has no people, assets or infrastructure in China and does not engage any agents, aggregators or intermediaries, for any purpose, in China,” the company explained in the statement.

“In the view of bet365, and its lawyers, Chinese law does not extend to the provision of services into China by gambling operators and service providers who themselves have no nexus with the territory. Any allegation of illegality on the part of bet365 is therefore untrue,” it added.

[arcadian] 13/12/2016 17:39

I wonder if 365 will react or just take it in their stride.

[waylander2] 13/12/2016 17:28

miti, I disagree, why should they deny, BET365 is as good a customer as any. If you talk about immoral earnings look at the shorters today. Also if I were BET365, I would not be happy if the company disclosed this. it wouldn't be beyond the wit of man for competitors to work out what I would consider commercially sensitive information. PAYS aren't worried by this and whilst tomorrow may bring another hit to the price, depending on press coverage, I suspect within 2 months this will be all forgotten. (Apart for the shorters who will probably be sitting on some beach somewhere laughing at how easy it was to panic PI's) Just my opinion.

[tsmith2] 13/12/2016 17:23

I'm hoping we get a proper rebuttal tomorrow but most encouraged by trading snippet

[miti 1000] 13/12/2016 17:15

Interesting how Paysafe refuses to deny that BET365 is a client , whether directly or indirectly. Bargepole stuff, surely.

[andy mack] 13/12/2016 17:05

@highpark the numbers seem all over the place tbh. There's a 2 million buy and a 800k sell at the same time and the same price (305.70) so can't really rely on those numbers. It's fair to say that it's very concerning tho

[djbilywiz] 13/12/2016 17:05

Todays short interest has to be disclosed to the FCA by 3:30pm tomorrow. So I guess we will see any changes tomorrow or Thursday. Not sure what time FCA updates, anyone know?

[paul baker] 13/12/2016 17:01

If it wasn't that I'm already in football I can afford I'd be buyinf today. However as it stands this is my biggest investment by far and I've now lost approx 150p per share...so shed loads of money. A tad concerned to be honest. I hope this will all be settled soon........

[high park] 13/12/2016 16:58

If 13 mill were bought today, and 23 mill sold, I can't see that as shorts being closed.

[the big fella] 13/12/2016 16:43

The damage has been done and the shorts will be laughing all the way to the bank. A day to forget.

[lomax99] 13/12/2016 16:43

Taken down? It is still there:

[melody9999] 13/12/2016 16:40

"Paysafe confirms that all material information in the report is either factually inaccurate or has been previously disclosed."

I wonder if this was the recommended response from PAYS legal advisers? If, as reported on this Board, the article has now been taken down from the Spotlight site, then maybe the PAYS lawyers will be busy.

[lomax99] 13/12/2016 16:36

So, somewhat conveniently, over 35M traded!

[uhound] 13/12/2016 16:33

Taken a small punt at 300p although would not be surprised to see this fall again tomorrow on press comment.

If all is well come trading update in January should bag a few quid for a short term holding.

Glad I waited!

[csmwssk12hu] 13/12/2016 16:30

Yes ok QS not as exciting as you though, enjoyed IDP and PEL rise, SRES bit of a flutter tbh, have always had these on watch list an amazing day but feel more uncomfortable after rns, for holders hope they put a more reassuring rns out tomorrow

[the big fella] 13/12/2016 16:30

Agreed. I am disillusioned sitting on a paper lose approach 70k

[malcolmmm] 13/12/2016 16:29

Investors will become disillusioned unless all the allegations are answered in full and quickly, starting with a few big buys by the directors. There are plenty of other good companies to invest in.

[the big fella] 13/12/2016 16:18

I have been on the right side of the market recently with a number of bids going in my favour. Unfortunately I have invested a large chunk of it here. If only I had waited a week or 2. Nursing my wounds this pm which has spoiled a very nice lunch in which I had consumed half a dozen pints of Guinness.

[qs99] 13/12/2016 16:17

csm, yes thanks, amazing day. Thanks to Dennis's post forewarning this shorters article....then buying the up on PAYS and PEL, working out quite well...holding on to PEL, have sold most of PAYS, hanging in for any more upside tomorrow with rest....have a good evening,.likewise trust trading is good with you...

[csmwssk12hu] 13/12/2016 16:13

QS hope your having a good day now after all btw PEL now up again