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Paysafe Share Discussion Threads
Showing 7901 to 7925 of 7925 messages
|This excerpt from the 2016 AR goes someway towards answering the issues raised here Should have read the document properly:
" Operating in a highly-regulated environment means adapting to changes and uncertainty in various legislative and industry frameworks. Examples include the new EU Payment Services Directive ("PSD2"); changes to EU Anti-Money Laundering Directives; the UK's referendum decision to leave the European Union leading to volatility in exchange rates and uncertainty around licencing; and the General Data Protection Regulations coming into force in the UK in May 2018.
Our strategic planning process covers risks and uncertainty as well as opportunities, and we view ongoing regulatory developments as an opportunity for us to become more relevant to our merchants wherever possible. For example, our strength in alternative payment methods sets us up well for responding to PSD2. The investments we have already made in compliance and risk management capabilities, as well as the prudent assumptions in relation to additional costs built into internal forecasts, gives us confidence that changes to anti-money laundering regulation will not have a material effect on our expectations for revenue growth and adjusted EBITDA margin in 2017. In addition, we have a diverse geographic spread of merchants, consumers and operations, supported by a strong compliance and monitoring team, which positions us well to respond to ongoing change."
I can safely (reasonably so) lay regulatory worries to bed now.I also think Brexit will not have a major impact on their licenses in Europe,which they have referred to obliquely in their write up.
Asia gateway is another matter however. I have no feel for the risks there.|
|PAYS will have had two years from 26.6.2015 to put the best team in place to deal with the transition from 3rd to 4th directive. The impact would have been some time last year when the investment had to be made.
post 26.6.17 is when they come under the scrutiny of their supervisory authority....and it's the same for their competitors.|
|As I explained above I expect no impact from the ml legislation. The product has been digitised in a big way (direct app top-ups) in readiness plus brand 2.0 is around the corner which will involve a supercharged app with the entire paysafe group functionality as well as supercharged retail gateway with the entire paysafe group functionality. Small payments will remain exempt anyway|
|All positive. PAYS are a FTSE company and tightly regulated.Could reduce competition from fly by nights and move more business to legit companies like PAYS|
|How do you think ML legislation will impact us EH9?|
|The paysafecard app has already been upgraded to allow mobile topups in shops and on line i.e. it has not only been enhanced to meet the regs but also updated and given additional functionality. Plus paysafe brand 2.0 is about to be launched around everything under the brand further enhancing functionality.In addition psd2 is a huge opportunity to paysafe and not a threat|
|I think there is some concern that paysafecard users will have to do some form of online registration to unlock the cards they purchase.
In all, means they are slightly less anonymous than before, and for some who want total anonymity, it might be less attractive as a payment solution.
If the regs pass and paysafecard numbers remain strong, then in a SOTP calculation I'd be increasing the multiple on that business|
|Here are the main highlights of the 4th ML Directive which as you rightly say,come into force on 26th June 2017:
Enacted on 25 June 2015
Full implementation by 26 June 2017
Replaces the EU Third Anti-Money Laundering Directive
Emphasis on ultimate beneficial ownership and enhanced customer due diligence (CDD)
Expanded definition of a politically exposed person (PEP)
Cash payment threshold lowered to €10,000
Expanded to included entire gambling sector beyond just casinos
Enhanced risk-based approach, requiring evidence-based measures
The key question is how does it affect Paysafe apart from perhaps adding greater administration burden? I do believe Paysafe have been upgrading their vetting procedures in readiness of this legislation since it was first announced in 2015 but I need to double check on this.
Perhaps the main concern is whether they will lose customers as a result of this tightening of the directive.That is a harder question to answer.|
|Ah yes...many thanks.|
|anti money laundering regulations currently operating from the 4th Money Laundering Directive in EU. Member countries have until 26.6.17 to transpose to their own legislation. The obligations are more imposing than the 3rd EU directive|
|I think Dan_the_Epics take ,his post 7897, is more plausible than the the French election argument.
"The market is sceptical of the longevity of Asia gateway, and the potential impact from AML regs on paysafecard, which is fair enough. The reality is that any deal outside of Asia would dilute it down to a small part of the group. Would expect a multiple rerating on the back of that.."
Still trying to work out what he means by 'AML regs' lol|
|The big focus for global markets near term is the first round of the French elections. If no candidate wins an outright majority, a runoff between the two candidates having the most votes will be up in early May.
Polls this week showed Emmanuel Macron, pro-European independent candidate, maintained his lead. But analysts said the results are too close to call in one of the most unpredictable races in recent history.
Right-wing candidate Marine Le Pen has advocated for France's departure from the eurozone. France is the second-largest economy in the eurozone, so investors are concerned that an exit could lead to a collapse of the monetary union.
A late surge in support for left-wing candidate Jean-Luc Melenchon, who also runs an anti-Europe platform, further complicates the outcome.
The biggest risk for investors, say traders, is that both Mr. Melenchon and Ms. Le Pen outrace mainstream candidates and enter into the second round.
"If there is any upset, we would have an ugly Monday," said Marc Bushallow, managing director of fixed income at Manning & Napier. "There would be flight to safety at least in the short term|
|ermmm....what is the connection?|
|Most likely the French election this weekend|
|Looks like more shorting activity to me.|
|PAYS affected far more though.Dont understand what is going on here...|
|Interesting that WPG and PAYS were both downgraded by Macquarie|
|Not sure I would call <10% well above?|
|I suppose the positive bit was their target price is well above the present share price at 480p|
|I'm guessing they published the note - whatever it says - after observing the TA outlook, viz the probability of a fall from a double top.
Anyone can put out a 'report' with a negative tilt to suit, if they want to at a particular moment.
A move above 460 again would dent any impact.|
|Anyone got Macquarie note ? Would love to read it...the share price has been under pressure since the note was published so curious.|
|One upgrade now a downgrade seems odd to me unless they are buyers or who have clients who have shorted these.PAYS must be one of the most manipulated share on the FTSE 250, Its about time they made an acquisition to put paid to the manipulation . All the other research reports are positive.
Paysafe Group Plc (LON:PAYS) yesterday was the subject of a new research report issued by Macquarie in which it was downgraded as ‘Neutral’; by analysts at the firm.
Macquarie noted a target price of 480 on Paysafe Group Plc’s shares. According to this price target, it now means the analyst believes there is a potential increase of 7.45% from the company’s current share price of 446.7.
Today there are 484,349,000 shares in issue of Paysafe Group Plc which are currently trading at 446.7 which brings the business’s market capitalisation to 2.16B GBP.|
|@Nurdin _ no worries, my point was more that we will likely beat estimates because of the conservative interpretation of " low double digit".
We first need to get re-rated onto a higher PE multiple through M&A though, once we are on a comparable 18 with peers then we can look for a higher rating based on better growth.|
|As has already been stated, they have a track record for under promising and over delivering. At Paypal's results c. 3-6 mths ago(?), they guided annualised growth of c. 16/17% expected for the next 3 years, I am sure JL would not content only matching that!|
|As I said I am just going by the brokers forecasts.There is nothing Id like more than the Company beating the current estimates...I have a heavy investment here!
Looks to me the recent brokers note is still weighing down on the share price...which is rather annoying.|