Paysafe Share Discussion Threads

[scothernman] 20/8/2017 17:31

Sold at 590p all holding on announcement. Bought back half at 580p 2 days later and sold again at 590p 6 days later. Back in Friday part shares again at 579.5 20K shares. Have nearly 130% appreciation from PAYS investment over 3 years....cannot ask for more and am grateful to the company. Will sell again when it hits 590p or if there is a higher bid.

[2bluelynn] 18/8/2017 20:03

I have 30000 shares in these and asked selftrade to to vote against the £5.90 sell price for all my shares . They've sent me a secure message asking to provide a date and time of the general meeting for the vote so they can vote against on my behalf for my shares . Does any one know when it is please . Thanks in advance

[malcolmmm] 18/8/2017 10:02

Dow down ,jitters about a market correction which if it comes will be small imo.Trump isn't helping

[george4064] 18/8/2017 09:18

Can buy the shares at 580.3 currently, very tempting...

[wolfhound1] 18/8/2017 08:53

1 Sept is two weeks today - can't be long before they realise they will need to up the offer well above 590p :)

[lomax99] 18/8/2017 08:33

Thanks for the dip, added.

[jgoold] 18/8/2017 07:36

Don't really see the point of non-binding support. If a higher cash bid comes in then they'll support that. Meaningless.

[lomax99] 18/8/2017 07:17

The relevance of the date was before PAYS announced the recommended offer. The next relevant date is 1 September, by which they need to formally issue the offer documentation.

[smcmahon993993] 18/8/2017 07:17

Found it:As required by Rule 2.6(a) of the Code, the Consortium is required, by not later than 5.00 p.m. on 18 August 2017, either to announce a firm intention for Bidco to make an offer for Paysafe in accordance with Rule 2.7 of the Code or to announce that the Consortium does not intend for Bidco to make an offer for Paysafe, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may be extended with the consent of Paysafe and the Takeover Panel in accordance with Rule 2.6(c) of the Code.

[smcmahon993993] 18/8/2017 07:12

For some reason I had set an alert for this morning for the formal offer from Bidco to made by today, anybody else have that down?

[wolfhound1] 17/8/2017 23:31

Not a huge number of shares involved in the Threadneedle RNS ...but none the less..... symbolically.............from budco perspective it just got a little bit further away from the required 75% target....(however marginal)......590p will need to be improved on !!

[bushranger] 17/8/2017 20:02

No matter big or small holding, in a bull market is it wise to hold for what may be months till your funds are released for a few pence? Probably not. Though if another bid is possible thats different. However, a large fund with lots of shares may have to sell at an even more reduced rate as their selling could drag the price down. So they msy just decide to hold.

[oohrogerpalmer] 17/8/2017 19:05

You probably wouldn't get 590p selling now more like 583p.
Big difference when you have a lot of shares!!!

[lomax99] 17/8/2017 17:25

It really rather depends who they were selling them on behalf of, and their motivation.....

[johnhelme2704] 17/8/2017 16:55

the point of still holding rather than sell at 590 now...is they are happy if they get their shares bought from them at 590....but smell there might be a higher offer which they wouldnt say no to. Why would they sell today at 590p is the question really? If you are in no rush for your money, or have no massively compelling alternative investment that you need to fund, then you just sit it out and see what happens.

[boadicea] 17/8/2017 16:35

An odd disclosure. It seems to imply that either their clients who were happy with 590p would like it now rather than later
or
clients that were not happy with their shares being committed at 590p have removed them from Threadneedle's mandate and moved them elsewhere.
Either way it reduces the shares committed (provisionally) to the offer.

[ralphmalph] 17/8/2017 16:32

they support the bibco with xxx amount of shares, they have since sold some shares so they now support bidco with xxx - shares sold = new support amount.

[rostam60] 17/8/2017 16:26

Can someone please explain the Columbia disclosure in plain English?

[ralphmalph] 17/8/2017 16:11

What is the point of columbia threadneedle still holding the shares?
They will accept 5.90p they might as well just sell now. Illogical.

[peterm10] 17/8/2017 15:47

Columbia Threadneedle Investments

Disclosure under Rule 2.11(c) of The City Code on Takeovers and Mergers

Columbia Threadneedle Investments ("Columbia Threadneedle") provided a non-binding letter of intent to Pi UK Bidco Limited (Bidco) on 03 August 2017 regarding the proposed acquisition of Paysafe Group plc.

In accordance with Rule 2.11(c) of The City Code on Takeovers and Mergers, Columbia Threadneedle announces that following disposals to date it no longer intends to fully comply with this letter of intent in respect of 7,897,763 ordinary shares in Paysafe Group plc, on behalf of its clients.

The non-binding letter of intent issued on 03 August 2017 still applies to 7,733,754 ordinary shares in Paysafe Group plc.

Columbia Threadneedle Investments

17 August 2017

[wolfhound1] 17/8/2017 12:53

High Park - lol - "massive" ? - my screen says daily trading volumes are down some 60+% ; what volumes do you see ?

As for sells remember every sell has a buy and visa versa

[high park] 17/8/2017 12:27

Price is holding up well in face of massive sells.

[wolfhound1] 17/8/2017 10:48

Can I suggest we keep the BB focused to PAYS and offer before it - plenty of BB for other stocks or as someone suggested feel free to set up a ...former PAYS investors BB

To the matter at hand, has anyone now worked through (H1 + US acqn - Asia gateway sale) x 25 earnings = target bid price ?

And with OLG gathering momentum in US 25 may prove to be even too cheap

My guess is that is not far off 1200p ?

[slaccs] 17/8/2017 09:50

It is possible to hold both as I do. I sold some PAYS when it hit GBP 6.00 but I have since bought them back at GBP 5.85 convinced by this board that there is more to come. My choice, my gamble. Time will tell as it always does.

[eh9] 17/8/2017 09:27

I am only suggesting to those on this good board that the risk reward on wpay better than paysafe now given the industry leading vantiv-worldpay combined offering