Paysafe Share Discussion Threads

[scooper72] 01/9/2017 14:44

Another idea - has anyone thought of opening a spread bread with a relatively tight stop loss on Pays. I would have thought if the upside is so strong with the existing bid its unlikely to drift down too much and that way one can sell the shares and rely on the spread bet to catch any new bid that turns up. Ready to get shot out of the water by the more experienced on here.....

[scooper72] 01/9/2017 14:41

F1 faraway. That would be me. Always like listening to other people's points of view. That's why I asked. The feeling I get is that some on here have been in the game much longer than me. As to the amount of money it's my pension as far as I see and would rather have it in equities than sitting in a bank or a corporate bond.

[ralphmalph] 01/9/2017 13:50

Those chimps that chuck darts at list of stocks do not seem to do too bad and a nice Apple as payment sure beats paying Tarquin 5% so he can keep up his natty line in bright pink shirts and garish ties.

[f1araway] 01/9/2017 13:03

That's someone on here saying that having £200k exposed to the vagaries of the market and asking amateur investors on this board for advice.I can only suggest sir that you have TOO, TOO much money!

[aspex] 01/9/2017 11:09

Over the last two months I have nibbled away at my PAYS 'biscuit' and redirected the proceeds from 6k shares into some prospects with a real future like SXX and OPTI.I do agree that PAYS still has 'legs' but the bid effectively the potential is all in a possible higher bid. I prefer the excitement of the chase.

[trentendboy] 01/9/2017 10:01

Simply makes no sense not to hold on.

Downside is limited - upside is potentially very significant through 2 routes - if they go it alone or if a higher bid comes in.

Not such a cost having the money tied up here

[wolfhound1] 01/9/2017 09:19

Nothing wrong with taking cash profits Bolstaf and v best on next investment, hopefully you go on to get another multi bagger just like PAYS !!

[bolstaf] 01/9/2017 08:50

I'm out guys and I shall miss it purely down to having a bit of skin on the best board on this site ,thanks to all and I wish you all good fortune and hope another bid comes along for you all as that would be justice.I've decided I dont want to wait for the extra 4p and still think there is a chance you may manage to vote this down and maybe we will meet again on the rerate.like i said the very VERY best luck to you all and I'll weep a little selfishly if you get the 850 plus you deserve.

[lomax99] 01/9/2017 08:49

MALCOLMMM, thanks, but we really do not need/want regular updates on NMC!!!

Update: I see you have now deleted the text in your post above.

[scooper72] 01/9/2017 08:48

I'm with wolf for holding on, but am thinking of taking about £4/5k out of my £42k to rebalance a bit. PAYS is currently about 22% of all my equity holding. Any advice from those more experienced about whether they would be doing the same? Thinking at least over next 3-4 months could get more growth elsewhere if a bid doesn't come in and could always come back if things start to get lively again.

[wolfhound1] 01/9/2017 08:41

@aspex - in that scenario your shares would be compulsory purchased at the deal price and you will get a cheque in the post/broker account credited

@jgoold - spot on - well said !

@phoenixchi - speculative ? lol -
anyone still long PAYS is speculative are we not ?
if not you would have sold when it went above 590p - would you not ?

Barclays research note spoke volumes - budco are looking to take all upside - and should be paying closer to 850p !! As PE discounts have shown we are getting less than half those being achieved by peers - including our own acquisition in US !!

That is hardly unreasoned speculation for a higher bid to materialise IMHO.

I have been accused of being speculative since I said share price would rise when shares were being shorted during the rights issue and several times since - I stand over my calls on the share price to date - how about your calls on the share price ?

So lets see what unfolds - we have a free put option with a 590p strike with a maturity date of 4th April 2018 - so plenty of time with downside protection built in!!

GLA, DYOR, CAVMPGAL

[aspex] 01/9/2017 08:27

mmc71My thoughts too but reading the document bid on are able to convert to a full takeover. Maybe they are relying on sheer frustration because they can indicate something like they are not going to be paying any dividend etc.

[mmc71] 01/9/2017 07:57

aspex, good question. Above 90% acceptance means compulsory purchase of all shares. Not sure what would happen between 75% and 90% though. Not sure why you'd want to continue to hold the shares though if there was no mechanism to actually sell them when you wanted/needed to.

[jgoold] 01/9/2017 07:46

Put options are valuable and that is what we have here. I'm happy to stay here until the final chapter unfolds.

[aspex] 01/9/2017 02:58

Let us say that they eventually get their 75% at a price.Then they delist.What happens to those who still hold and do not accept?

[callmebwana] 31/8/2017 23:29

Well I like to check out the history of the posters before I post anything.
A few posts by this poster also raisis the question about his /her motives !!
Yes it was me that posted if Wolf would like to be the CEO. I still think he would do a better job then the current one. A toung in cheek post by me. FFS.
How many plants are there to sway the PI,s ?? There are far to many Mr Know alls all of a sudden !!
Inexperinsed investors?? Son, I am over 70 years old. Been playing the Market since the 80's.Do you remmembe ICI?? I bet you don't !!
Rant over !!DYOR etc.
My apologies to the long term posters.

[phoenixchi] 31/8/2017 20:00

I'm sorry guys but the speculation on this board has turned into wishful thinking for many posters.

Every bit of information which emerges is twisted and spun into a positive sign of a higher bid.

The silly thing abut it is that a lot of the regular posters are good analysts who have dissected PAYS well in the past but are now so single-minded about a higher bid they are leaving their rationale behind.

FACT 1: There is a formal bid on the table at 590p.
FACT 2: The deal is expected to complete Q4.
FACT 3: A small number of the II's are in favour of the offer.

Everything else is pure speculation.

My feeling is that PAYS is worth more than 590p but I am going to sit tight and wait and see. I would strongly suggest that others do the same now.

No amount of guessing on here, educated or wild, will bring in a higher bid. Either it comes or it doesn't.

Some of the posting on here, someone suggested Wolfhound would be a good CEO, shows that there are way too many inexperienced people now playing the markets. Up to them, but in my long experience that has always been a forerunner of crash.

(BTW, perhaps Wolfhound would make an excellent CEO, I have no idea, but for someone to suggest it on the back of a few posts (albeit often quite reasoned ones, although now a little too speculative for my taste) is just plain daft.

Those who keep trying to talk PAYS up are sounding rather desperate now. Wait and see and look elsewhere for other opportunities in the meantime.

I will rejoice with everyone else if we see a higher bid but with the markets, as in life, prepare for the worst but hope for the best!

[wolfhound1] 31/8/2017 16:41

Thinking about it ...we probably now have a 590p floor on Pays until 4 April 2018.....unless of course there is a formal withdrawl by budco before then.....

I must research this further but I think I read somewhere that if budco walk away they are precluded from bidding for 6 months.... is that right ?

[callmebwana] 31/8/2017 15:42

LOL,well answred Wolf. :o)

[wolfhound1] 31/8/2017 15:42

good spot Bwana !! I hadn't been watching for Trashman's re-incarnation ...lol

and probably still on minimum wage troll status after last failure

[wolfhound1] 31/8/2017 15:29

Careful appmanu1 - that reads like you are speculating....lol "...they are clearly not expecting to use it"....and you know this how ?

you are in danger of interpreting their desires as fact - they are not one in the same......

the dates in Qtr 4 are desire to close a deal ( and maybe they will maybe they won't) the long stop date of 4 April 2018 - is a no "agreement" by then and we will walk away ("agreement" = I mean they have 75% shareholder agreement required and no regulator red flags) - it could of course be varied further if progress was largely there but needed additional time to finesse /wrap up paperwork.

I have read full doc and takeover code - fact remains :

1. Inclusion of a 7 month long stop date was NOT MANDATORY it was discretionary and intentional by budco
2. the selection of the date and the inclusion would have been discussed to death before included - it wasn't just something they included on a whim
3. Whether or not a deal is achieved in Qtr 4 will depend largely on investor voting at Court meeting ( in person or proxy)
4. Even if they get a knock back on the 24th and investors turn it down they have leeway to come again
5. a rival bidder might appear , make a counter offer and then budco will need to decide where to next

none of that is idle speculation just logical analysis of possible outcomes


my clear observation without having to labour it was simple ... giving themselves til April when they expect to conclude by Q4 tells me that Budco feel the need to include contingency in the dates...just in case

[appmanu1] 31/8/2017 14:49

Read the full offer document including the timetable. The deal is expected to close in Q4.The mandate for a long stop date is a code requirment and in this case is the end of the UK tax year. They are clearly not expecting to use it