Paysafe Share Discussion Threads

[lomax99] 24/5/2017 08:21

I suspect they will lower the tax rate. Their budgets assume income from online gambling taxes, setting too high a rate will not have the desired effect.

[mip55] 24/5/2017 08:12

What happens next for PA online gambling?The bill still needs to get through a vote of the full Senate and would return to the House upon passage.The bill is not a final document, but likely does represent compromises that a majority of senators can agree upon. The House can still choose to amend the bill to find middle ground on things like the high tax rate. Previously, the House has twice passed legislation with online gambling taxed at a much lower tax rate.

[mip55] 24/5/2017 08:09

ONLINE GAMBLING TAXED AT 54 PERCENT IN AMENDED PA GAMING BILL; FANTASY SPORTS ALSO INCLUDED Online Poker ReportHome / US Online Poker / Pennsylvania / PA Senate Committees Pass Online Gambling Bill, With Astronomical Tax Rates IncludedPA Senate Committees Pass Online Gambling Bill, With Astronomical Tax Rates IncludedDustin Gouker, May 23, 2017 First, the good news for Pennsylvania online gambling: A gaming bill was amended to legalize and regulate PA online poker and casinos, and it passed easily out of a pair of Senate committees on Tuesday afternoon.Now, the bad news: The new language includes an extremely high tax rate that threatens to stymie the PA online gambling industry before it even starts. The online casino tax rate would be by far the highest for any regulated market.

[eh9] 24/5/2017 07:35

Pennsylvania making good progress last night

[wolfhound1] 23/5/2017 14:35

...sounds like a bad movie !!! Lol

[apfindley] 23/5/2017 10:46

For those invested in these financial payment stocks. Take a look at BLU Blue Star Capital. They are only valued at £2mill but own a 20% stake in Satoshipay, which is set to revolutionise the way we pay and the way merchants can handle online payments. In a nutshell, Online content viewing is set to move to a point where we will pay fractions of a penny to read, view, listen, watch any online content with websites.Satoshipay are at the forefront of this. As a example, rather than spending £1 for a newspaper full of rubbish, you could instead visit the newspaper website and view and pay for, only the articles you're Interested in. For that you could be paying say 1p for the article... Cheaper than a whole newspaper. The same can apply to any website where you read txt, or listen to music, or watch videos, or even for document downloads. You will pay only for what you actually want. Traditionally, merchants cannot efficiently process these tiny transactions by card payments or other methods.. The idea here is you load up your satoshipay wallet by either card or PayPal. When you visit websites which are wanting to monetise their content, you will see your satoshi wallet widget on their website which will enable you to make efficient micropayments Instantly to view their articles. It's worth looking Into. Satoshi has the potential to be worth a few hundred million. And BLU blue star will own 1/5th of it. . .

[100laila] 23/5/2017 09:35

note from Edison today on spotlight BS :-


In a follow-up to its December report, Spotlight Research claims that Paysafe is processing online gambling transactions in Turkey, a country in which online gambling is illegal. The company confirms that this is not the case, and that non-gambling-related processing in Turkey does not make a material contribution to earnings. We make no change to our forecasts and our investment thesis is unchanged.
Update Software & comp services

Short-seller Spotlight Research has published two follow-up reports to its December 2016 report. One reiterates its view that Paysafe’s exposure to Chinese online gambling is larger and of higher risk to earnings than is currently factored in by the market. We estimate that the total loss of the Asia gateway business (reported in Payment Processing) would reduce Paysafe’s FY17 EPS by c 20%, which in our view is more than reflected in the current valuation.
The second is a detailed report purporting to prove that Paysafe processes online gambling transactions in Turkey, despite this being illegal. Paysafe has stated that it limits processing in this territory to non-gambling related services (wallet and paysafecard only), which in any case do not make a material contribution to earnings. Despite the presence of its Neteller, Skrill and paysafecard logos (alongside Visa and Mastercard) on Turkish language online gambling websites, the company confirms that any transactions originating from these websites are blocked by Paysafe. It also confirms that it does not process for other brands in Turkey. We see no reason to change our views on the back of this report.

[juzzer100] 23/5/2017 08:20

So was there no share buyback after yesterday's drop? A good show of strength if that's the case.

[lomax99] 22/5/2017 22:30

Here's a useful recent summary of Wirecard, which covers the spurious Zatarra report:http://www.economiccalendar.com/2017/05/04/wirecard-ag-frawdi-otcmktswrcdf-looks-set-for-long-term-strength/

[kuss1] 22/5/2017 20:09

Look at today's share price reaction compared to the last report. Busted credibility ... Pays going way higher...

[eh9] 22/5/2017 19:10

The websites to "China Ministry reports" in the short report are fake and take you to a european advert for junk shopping!

[eh9] 22/5/2017 18:45

Its PIs who sell to shorters not IIs. Compare Paysafe vs Wirecard's chart - wirecard has massively bouced higher than its pre-short high. This gives some idea where Paysafe is headed in the next few weeks since we are still at the level of the October pre Dec short high

[nurdin] 22/5/2017 18:33

That is reassuring EH.....

[nurdin] 22/5/2017 18:20

I like it..'regulatory overhang' lol Lovely expression

[eh9] 22/5/2017 18:12

FT a few mins ago:

Barclays analysts dismissed the reports, saying the information on China was mostly stale and the Turkey links were immaterial to group revenue. “There is a recognised regulatory overhang to Paysafe’s business, which we believe is reflected in the deeply discounted valuation,” Barclays added.

[stockbob] 22/5/2017 16:42

sold last week because felt we were due the usual fall but must admit didn't think it would for same reason as today.
missed getting in early as away from pc but did buy back in this afternoon so every little bit helps

GLA

[malcolmmm] 22/5/2017 14:53

I am wondering if PEP contributes to Spotlight.
Spotlight derives its content from independent contributors who sign up to the site. Base payment is $35 plus $10/CPM (1,000 page-views). For analysis of stocks that have a large number of followers, the firm has three additional payment tiers, from $150 to $500 per article.[10] Finally, two articles are selected each week for a $2,500 "outstanding performance" prize on the basis of how well the stock idea played out.

Its articles are published as Premium articles, Standard articles, and Instablogs. Standard articles are allowed to be published elsewhere, and are unpaid, but also undergo a selection process. Instablogs are published instantly and with no pay.[11] In 2011, the firm is estimated to have paid its approximately 550 Premium contributors $1.2 million.[12]

[oohrogerpalmer] 22/5/2017 14:40

The authorities wont do anything about it because it doesn't affect them.
They don't lose money from it so why should they bother.
They can't be bothered when it is 100% clear theft and fraud so they wont bother with this.

[callmebwana] 22/5/2017 14:03

I bet they will be back in 3/4 months time again. Easy money for them !!!
What is the FCA going to do about it?? Nothing. As per usual.
I feel for the one's who had a stop lose on their holdings.I don't use it on this share. Even the NT got cought out last time. I wonder if he had a stop lose on PAYS this time ?
This lot would be locked up if they tried this in the USA, their home country.
I was lucky today. I had a chunk of spare funds, that lot went into PAYS.
GLA.
Edit.
Post by Chiting on LSE.
PEPM L.P. Does not have Key Excutives recorded.
Says it all.

[kuss1] 22/5/2017 12:45

They are just a bunch of chancers who don't care what they say as long as they can affect the market. But today's price action is what happens when you've tried it on too many times. Probably blue on the day. Good trade from this morning so thanks for the opportunity...

[steptoes yard] 22/5/2017 12:14

They would be well served to disclose the content in the alleged statement from the Chinese Government in its entirety.

[malcolmmm] 22/5/2017 12:11

Spotlight say they are surprised that since the publication of their December report that exposed multiple concerning issues with respect to the Asian operations of Paysafe, Paysafe's shares have risen by 25%

In recent weeks the Chinese government has issued a statement that it expects to announce a “great achievement” in the enforcement of cross-border online gambling in 2H 2017.

In addition to focusing on cross-border online gambling operations themselves, China is interested in pursuing “online payment platforms” and the “technology providers” of the local network operators