Paysafe Share Discussion Threads

[stuart37] 11/8/2016 14:27

You have to understand that this has gone from 360 to 420 in a straight line. Chart indicators are topped out so likely pullback to fill the gap and then resume upward trend........

[f1araway] 11/8/2016 14:25

When will I ever learn?The top for a complete sell on my part was there to be seen yesterday as was the similar drop today. OCHONE, OCHONE!!!

[propercharlie] 11/8/2016 14:17

if this closing the gap theory is real, full or partial then the high point of the day prior to TU was 397. We have 10 to close.
Then what?

[herewegouk] 11/8/2016 13:57

It's been a great ride but I'm done, money better spent elsewhere, I'll return no doubt.

[djbilywiz] 11/8/2016 12:18

Agreed! I'm not selling my wedge and will be using spread bets if this finds a new trading range.

[rhatton] 11/8/2016 12:03

Gap will be filled in time Id say. I personally think we maybe waiting until later this year or the run up to results next March to see this above 450 or so.
Any weakness is a great buying opportunity though!

[djbilywiz] 11/8/2016 11:55

We really need to close above 420p this week or it could come back to fill the gap, which would be totally irrational considering the good results and future prospects.

[wolfhound1] 11/8/2016 11:13

looks like normal service resuming - morning tree shake over and now price rising as we head towards us open

[wolfhound1] 11/8/2016 10:51

Berenger - I get the feeling they are not the sharpest tools in the box - last week we had a share price target of 125p...oh dear

[bared_bones] 11/8/2016 10:28

All spare money going in here to average up. Cannot see any downside. Gaming licences to accelerate all in next 6 months.

[wolfhound1] 11/8/2016 10:10

Barclay upgrade wouldn't surprise me - Deutsche having upped their target by 10% to 550p - if Barclays do the same then we could be looking at 616-620p

Seems none are factoring in the weakness of GBP of up to 10% - unless of course the market view is that the GBP weakness is short-term and will reverse in the short term

GLA

[eh9] 11/8/2016 10:01

Barclays looks like it has the price target under review for upgrade

[wolfhound1] 11/8/2016 09:59

PE of 13/14 certainly puts PAYS in the cross hairs of peers

Almost like the market is willing a takeover - record profits and clear delivery and we don't hit new highs - something brewing ???

[keyno] 11/8/2016 08:25

Isn't that article for subscribers only, lomax99?

[lomax99] 11/8/2016 08:20

IC comment:

Paysafe banks gains from US growth as Skrill beds in

Rising payment volumes and robust demand for digital wallets and pre-paid cards drove comparable sales up a fifth at Paysafe(PAYS) in the first half of 2016. The payments giant also profited from its takeover of US rival Skrill and widened its margins, meaning adjusted cash profits nearly tripled to $144m (£110m). Elated investors sent its shares up 8 per cent.

Like-for-like sales soared 28 per cent in the largest division, payment processing, as it rolled out new services and won customers in the US. The digital wallets business delivered similar growth as brisk trading was supplemented by punters betting on European football matches. And comparable revenues jumped 11 per cent in the prepaid segment - home to the paysafecard business acquired with Skrill - as it launched its services on new platforms including the PlayStation Store and in new countries such as Georgia.

Management expects the payment-processing business to benefit from its purchase of MeritCard, which has bolstered its US sales force and customer base. It also completed the integration of Skrill, leaving it on track to exceed its target of $40m in cost savings this year. The strong performance prompted it to raise guidance; it now anticipates up to $990m in sales and $293m in adjusted cash profits this year. Broker Deutsche Bank forecasts adjusted pre-tax profits of $235m, giving EPS of 40¢ (2015: $119m and 26¢).

Paysafe is growing quickly, snapping up acquisitions and reducing its debt. Its shares have risen 30 per cent since our buy tip (324.3p, 1 Oct 2015) to trade on 14 times forecast earnings. That rating doesn't capture the group's strong momentum. Buy.


The Times also commented along the lines that as a smaller rival in higher growth/margin, albeit in some riskier areas, to the likes of Paypal and Worldpay, then PAYS on a PE of 14 could become a target.

[malcolmmm] 11/8/2016 08:20

Motley Fool thinks they are cheap, just a matter of time before they double IMO 2 years

[propercharlie] 11/8/2016 08:06

EH and Melf thanks

[jarega85] 11/8/2016 07:43

Great news

[eh9] 11/8/2016 07:32

Deutsche Bank 11/08
Reiterates

Buy

Buy
550.00p

Target raised by 50P!

[zcaprd7] 10/8/2016 22:14

Would never have thought predictions of a billion dollars in revenue, back in the dark days after the gambling ban (doubled down at 60p a share)...

[loobrush] 10/8/2016 21:23

Great results-will go up a lot more yet but will take a few days as institutions always take a little time to finalise there decisions-I'm holding for the rise.

[callmebwana] 10/8/2016 20:19

Thank you for posting that EH9.
ATB.