Paysafe Share Discussion Threads

[wolfhound1] 06/8/2017 14:32

3 key upside pointers:

* Buying above 590 bid
* 86% have not rushed in to support
* No large volume sales ( ii not selling)

In summary it looks like ii's have settled down and waiting for fresh bids

[boadicea] 06/8/2017 14:16

I feel a number of investors here are rushing their fences. The worst possible downside is if they don't get their 75% at 590p (quite possible, in fact the logical outcome) and walk away with no one else being interested. However, that is very unlikely for some weeks ahead and a lot can happen in that time. Any other event is likely to lead to considerable upside.

I don't expect to see the board allowing much encouragement in the forthcoming update. Possibly they will search for some dubious asset which can be written off to dent the profit. I am not sure how far they can massage the cash flow down - not usually so easy although I suppose they could have failed to press debtors for settlement for some weeks past. Their last update theoretically pins them down to some extent if they have any regard for market rules - but if they don't, experience suggests there is negligible chance of any regulatory action.

Is there any possibility of shareholders requisitioning a xgm (needs 10%?) to hold the board to account?

[rostam60] 06/8/2017 12:31

Well, if Monday's activity is similar to Friday's (10.6m above 590), I will be happier that I held on.

[johnhelme2704] 06/8/2017 12:06

totally agree libertine/ wolfhound. Last time this happened to me was last year with Lavendon...and by not selling on the 1st bid I received 32% more than the 1st offer when a bidding battle broke out. The BOD may be in cahoots with CVC, BUT players in the wider market are there to make money and wont allow the 1st low ball approach to succeed...and I can only see upside from here with no downside....but I have been wrong before

[stuart37] 06/8/2017 12:03

Grab your favourite bottle of gin - plenty of Fevertree tonic(but not too much!) sit back and watch events unfold - it's gonna be fun!

[oohrogerpalmer] 06/8/2017 12:02

A lot of the update will depend on how it is actually worded.
We all know how figures can be made too look.
A £150M profit can be the next step towards the first billion or the cliff before liquidation!!
The fact there has been no public stated support for the offer other than the BODs and Old Mutual says a lot.

[wolfhound1] 06/8/2017 11:43

Spot on libertine - bidco are a long way short of the required 75% and the general comment on market seems to be they are low balling - I suspect we will be taken out for alot more

[libertine] 06/8/2017 11:14

oohrogerpalmer
5 Aug '17 - 23:15 - 9553 of 9562

Apologies, only just spotted your post. Great minds and all that!



Everyone should remember the Bidco is not the good guy here, they are not offering to take your company to reward you for your loyalty.

These funds mere existence is to make money. To spot and take advantage of undervalued assets and growth potential.

As Barclays has said, they seem to want all the upsides.

[libertine] 06/8/2017 11:02

Just Sit back and hold tight.

You are in the wonderful position of having a No Lose Gamble.

1 Bid succeeds you get your 590p
2 Bid/New bid at increased price
3 Bid fails the company is back in your hands and future growth/profit is yours.

[dan_the_epic] 06/8/2017 10:46

It is a bank holiday.

... but only in Scotland.

[malcolmmm] 06/8/2017 10:43

Bank Holiday in Scotland only
England's Bank Holidays---

1 Jan Sun New Year's Day
2 Jan Mon New Year Holiday
14 Apr Fri Good Friday
17 Apr Mon Easter Monday
1 May Mon May Day
29 May Mon Late May Bank Holiday
28 Aug Mon August Bank Holiday
25 Dec Mon Christmas Day
26 Dec Tue Boxing Day

[ali47fish] 06/8/2017 10:25

i was banking on taking part profit on monday before the update due on tueday, not relising monday is abank holiday- what do uou expect the update to say anyone please/

[zcaprd7] 06/8/2017 09:30

Fat lady isn't singing by a long way here...

[smelgys mum] 06/8/2017 00:57

I sold out Friday, good luck to all holders who remain, remember to keep the troll Callmebwana on filter, this is s decent board so let's keep it that way.

[wolfhound1] 06/8/2017 00:13

EH9- One where the BOD are part of the bid team and future management

That is why they will all need to go when the bid fails - are you listening JL - better get your paymasters to pony up a higher offer -smewhere nearer 950p+?

[f1araway] 05/8/2017 23:16

Then Joel must have been lying when saying only two months ago that the Company was meeting targets.Surely not!

[oohrogerpalmer] 05/8/2017 23:15

Not too long to wait and not too much downside from here.
1- 590p goes through.
2 - A better offer comes in
Or
3- Bid fails and were back down for a short while!!!

[eh9] 05/8/2017 23:01

But the big flaw is why really why did they not bring forward the h1 results to support a higher price? What bid target does not bring forward its results it's too weird they cannot be great....

[wolfhound1] 05/8/2017 22:43

Have a look at my previous post - the US acqn offsets the sale of the Asian Gateway at EBITDA level. So the reason for the discount to peers is now gone and we should be trading on much higher PE multiples in line with peersof 25+.

All of that before trading ipdate on Tues 8th - anything geeater than 10.4% YOY will be positive for share price

Barclay came out that US acqn would add 11% pushing target price up to 700p (from 630p) and sale of asian gateway further add 20%+ pushing target price to 850p.

Either way Asian gateway business will be sold even if that is after a failed bid.

So in a nutshell any fall due to a failed bid is likely to be small and short lived IMHO

....and i think those now buying above 590p are doing so with this at the back of their mind

GLA

[stuart37] 05/8/2017 19:42

Oohrogerpalmer - have to agree. Not really bothered if this drops back to 550p - much better chance of getting to £10 then if 590 is top offer.

[oohrogerpalmer] 05/8/2017 19:10

Yeh but you can replace a CEO!!
Think the short attack from the back end of last year had a lot to do with that.
Unless a much higher bid materialises I wouldn't be too disappointed with a failed bid.
Long term prospects are better with a failed bid than a top offer of 590p.

[dan_the_epic] 05/8/2017 19:08

The market had years to value this correctly, no? If the market now gets angry (and rejects the offer) when PE jumps forward and think that PE aren't valuing it correctly...

then there would be a bit of hypocrisy?

[eh9] 05/8/2017 18:59

Ooh I think the CEO is toast with many investors at this point. Organically the share price went nowhere last 12 months, still traded at a massive discount and so much potential from wallets was not seized imo.