Paysafe Share Discussion Threads

[ralphmalph] 04/9/2017 16:24

They up their offer and try again or walk away.

[nurdin] 04/9/2017 16:03

...and if BIDCO dont get sufficient votes?

[ralphmalph] 04/9/2017 16:00

The Long Stop Date is there as a legal way for Bibco and Paysafe to walk away in the conditions of the takeover can not be met. For example the purchase of asian gateway falls flat, some kind of scandal regulation based crops up.

If all goes well for Bibco they will have control and all PAYS shares cancelled and cash in accounts long before then.

[wolfhound1] 04/9/2017 15:57

@rogerpalmer - given the low level of ii support garnered - the investors probably put a stipulation on Budco - get a deal inside 7 months or we will pull our capital !!

The period is there to cover several scenarios :

1. New Bidder emerges and bids go back and forth over months
2. Initial offer refused by shareholders - need to negotiate a n agreeable price
3. Regulators step in and say - no ( although I think this is unlikely it is always a possibility)
4. Can't sell Asian Gateway after all (unlikely)

It is not mandatory to include such a date - therefore voluntary by budco - hence why I believe its inclusion was probably at request of some large fund investors

[oohrogerpalmer] 04/9/2017 14:58

Could someone explain to me why this will stretch to April, Iv'e seen the RNS relating to it but don't understand it !!!!

As you say if this drags out until April then a lot of people will sell up.

Thanks

[largeronald] 04/9/2017 13:59

Nothing from TD Direct as yet - they're usually pretty good with stuff like this. Mind you, they're now owned by i i - and they're useless.

[slaccs] 04/9/2017 13:51

Unless another offer comes in soon, people are going to get fed up and continue to sell off their holdings. In the meantime Bidco will continue to hoover them up at below the bid price and they have until April 2018 to do it!

[filmster] 04/9/2017 13:30

My documents came in the post too but didn't receive a pink or blue form which is suppose to be included

[jubblies] 04/9/2017 13:14

Voting documents came through the post for myself this weekend with shares I hold directly with PAYS. Can do by post, and/or allows you to vote online via Capita.
hxxps://www.paysafegroupplc-shares.com/forms/ProxyVoting.aspx

Not seen anything yet in iDealing or SelfTrade to allow voting yet.

[wolfhound1] 02/9/2017 11:41

If we sold off asian gateway and kept the rest - we would be well over 700p as the current discount to peers would be massively reduced if not close to zero.

[malcolmmm] 02/9/2017 10:18

I agree with what you say lomax99 , JL will receive many millions for his shares. Pity about the bid as the share price would be over £7 now imo

[lomax99] 02/9/2017 09:53

Furthered partnership with DraftKings:


Paysafe provides new payment options for DraftKings in Europe

September 1, 2017 —by Valentina Kirilova 0 Comments


Payments services company Paysafe Group Plc (LON:PAYS) announced that has furthered its partnership with DraftKings, a global daily fantasy sports (DFS) platform, by providing them the ability to expand their payment methods in Europe through Skrill Quick Checkout.

Paysafe’s Skrill Quick Checkout platform provides customers with access to a range of payment methods in a single interface, including online cash solution paysafecard and the Skrill and NETELLER digital wallets. Through the Skrill and NETELLER digital wallets, customers in over 200 countries have the ability to transact via over 100 alternative payment methods (APMs) specific to their geographic region. Optimised for mobile, desktop and other devices, Skrill Quick Checkout negates the need for multiple logins, offering consumers a seamless, quick and secure experience.

Lorenzo Pellegrino, CEO, Digital Wallets, Paysafe commented:

Providing customers with a streamlined and seamless digital experience is central to what we do. We’re pleased to be enabling more ways in which DraftKings’ customers can play on the Daily Fantasy Sports (DFS) platform knowing their money is secure. Helping the businesses enhance their customer experience in existing and new markets is one of the main objectives we strive to achieve.

Jeffrey Haas, Chief International Officer, DraftKings said:

Paysafe is one of the world’s largest payments brands and we are confident that our partnership will offer DraftKings customers a seamless and most importantly, a secure option for payment processing. As our debit and credit card processor in the UK, we believe their pioneering approach and know-how in the payments space make them an ideal partner for our rapidly growing consumer base in Europe.

DraftKings is a global daily fantasy sports platform with over 8 million registered customers, globally. DraftKings offers over 10 sports including, NFL, MLB, NBA, Golf, NASCAR, MMA, Soccer, CFL and eSports, and a range of leading leagues, including: WNBA, Premier League, UEFA Champions League, UEFA Europa League, Major League Soccer and Liga MX.

[malcolmmm] 02/9/2017 00:35

That's what Fat Profits indicate although they think there will be a 5%plus downturn sometime next year. I am up around £9k after reinvesting the balance from my PAYS sale, hoping for more from SSP, VED,AFX, NMC which has just entered the FTSE100 today with little stock available to satisfy the trackers.

[eh9] 01/9/2017 20:36

All the indicators the last few days actually look to the global recovery picking up. Beware Brexit Britain convincing you there is a downturn on its way!

[malcolmmm] 01/9/2017 19:54

I had the same when a 1 second down spike on PAYS sent the share price down by about 15% grabbed my shares and my shares were the only ones that suffered so I reckon as the experts do that the market can see your stop loss so never again. I got so annoyed that I bouight back 3x the amount £90k which in the end made me a tidy sum. Never used a stop loss after that experience, its a con imo

[charker] 01/9/2017 19:03

The guys on Rockhopper Oil got screwed too. In from 50p it went to £3 in one jump. they all reset their stop losses at £2.50. For about 1 minute at 12:30 on the second day it dropped to £1.29. They all came home to find they had been sold out at £1.29. Gutted.

[oohrogerpalmer] 01/9/2017 18:57

Only ever used a stop loss once in my life in my early trading days.
Had a share at 90p with a stop loss of 80p . Got home from work and logged onto what looked like a happy close of 96p only to discover an email from barclays telling me I had sold them all at 68p.
A temporary blip had caused the price to suddenly drop for literally 30 secs but enough time to trigger stop loss.
Never used one since, just keep a mental record of when to bail out.

[charker] 01/9/2017 18:04

I do not put so much faith in stop losses. You set your stop at 5% below market price. Some disaster occurs over the weekend, The market opens marked down 40%, a bloodbath. All your stops fire and all your shares are sold at the bottom, 40% lower than they were on Friday. The market recovers 10% by the end of the day. You come home to owning no shares, all sold at the very bottom. Seen it happen

[scooper72] 01/9/2017 17:47

Thnx Largeronald. I will. But They do say that the biggest gains in a bull market are made in the months before it ends. As long as one has sensible stop losses, can't see why people wouldn't want to keep making gains where they are available. No one has really got back on the idea of selling up on Pays and investing elsewhere and then taking out a spreadbet on Pays with a guaranteed stop loss. Would leave open the opportunity of a big gain if a new bid is made and a small minor loss on the spread if the existing bid goes through. Imagine there is a catch that I am missing. Anyone?

[largeronald] 01/9/2017 16:08

scooper - I would tread carefully chucking your entire nest egg into equities just at the mo. The consensus is that the USA stock market is grossly over valued and due a sizeable correction sooner or later. If that is the case, every other stock market will follow suit to an extent, deservedly or not.

[scooper72] 01/9/2017 15:19

*guaranteed stop losses on IG. Just widens the spread a bit

[scooper72] 01/9/2017 15:06

You can get gusts too losses on IG. Just widens the spread a little.

[jlo10] 01/9/2017 14:48

stop loss might not work if the market moves quickly