Paysafe Share Discussion Threads

[2bluelynn] 09/12/2016 16:34

Andy mac I wonder too why they would do that .. any idea anyone ? Thank you in advance

[mip55] 09/12/2016 16:29

Re.ITV.....Fox have bid for Sky. ITV share price no doubt going up in the hope of a bid materialising for them!

[ggbarabajagal] 09/12/2016 16:23

Worldpay = WPG


WPG wanted


WPG bid from wirecard?

[eh9] 09/12/2016 16:13

Makes you wonder if worldpay will launch a bid for paysafe

[ggbarabajagal] 09/12/2016 16:09

WPG also heading higher



Worldpay = WPG

[ggbarabajagal] 09/12/2016 15:54

get up there

[andy mack] 09/12/2016 15:47

I mean bain in the last comment, not cairns!

[andy mack] 09/12/2016 15:42

Looks like we might have a nice little rally before the closing bell!Is anyone a little puzzled by cairns timing on the selling of their shares? They bought them on the 1 Nov in the 430s and sold them yesterday at 360s when the share price looks to be in a position to turn around. Anybody got any idea why that might be as they've lost quite a bit and looks to be (hopefully) on the road to recovery

[lomax99] 09/12/2016 15:39

Roll on short closure notifications.....

[nw99] 09/12/2016 15:38

Momentum behind this now

[lomax99] 09/12/2016 15:25

Let's just hope that the next significant acquisition target is viewed as providing sufficient additional diversification....

[qs99] 09/12/2016 15:14

Wolf, that is a great way of looking at the reliance on 1 customer...the growth PAYS is forecasting (as long as not all from that customer!) should help naturally dilute that reliance....and as others have also intimated, more acquisitions will help as well....as you say, market is answering the shorters by marking PAYS up further, now approaching 10% up from recent lows....

good weekends and looking forward to more next week.

[wolfhound1] 09/12/2016 15:12

Thanks 100Laila - very helpful

it looks like our business growth over 2017/18 will in percentage terms be an equivalent to the business generated by bet 365 - so it we stripped out the latter then we would be flat - that just tells us how much over-reaction there is bet365 exposure - at least Barclays seem to be able to do basic math and common sense

the piece on the new AML regs - I wonder did that precipitate the decision to get rid of prepaid mastercard in all those EM jurisdictions - too much hassle for what it is worth especially if you have to do even more AML - so again looks like Barclays understands PAYS business better than the wider market - we should have gone with them as Brokers over Deutchse - they seem more pro-active ; guys over in Deutsche probably distracted with all the internal politics right now.

can't imagine the shorters can get too much change from those two angles.

[eh9] 09/12/2016 15:01

Able to paste any link to a PDF or a couple of paragraphs from the note?

[melf] 09/12/2016 14:59

Well at least that confirms that it is Bet365. I always thought that was case. At present 20% of revenue derives from them so an acquisition will be welcome to dilute this figure.

[100laila] 09/12/2016 14:56

I have read the Barclays note of 7th Dec on the European Fintech & Payments.

It talks about Paysafe stubbornly trading at an unjustifiable discount to the sector. The say they appreciate the concern around Bet365 exposure in China but have less sympathy for the concern around the new anti money laundering regulations that are coming in (AML 4-5) . They think the latter will increase the know your customer cost but should only have a modest impact on the underlying business. The shorters seem to have a different view.

Barclays' overweight stance and 610p target is driven by the expected ongoing above sector earnings growth. They also think an acquisition that dilutes exposure to china and /or gambling would be a catalyst for a multiple rerating.

Barclays forecast adjusted EPS for 2016, 2017 and 2018 are $C 40.3, 47.9, 54.8 .This is growth of 57.4%, 19% and 14% respectively.

I hope this is of some help

[eh9] 09/12/2016 13:38

Bain could well be the other side of a short so indicating gradual closure has started

[lomax99] 09/12/2016 13:36

Well Bain yesterday sold c. 540k shares, taking their holding below 3%, that PEP short must be linked.

[wolfhound1] 09/12/2016 13:28

Wouldn't be surprised if we start to see shorts close - if so it will be next week before it starts to filter through to FCA report I suspect

[wolfhound1] 09/12/2016 11:45

PAYS has been very public on its intent to acquire - so I would think he could

Plus he could argue his actions were to protect shareholders interests ( from shorters)

[eh9] 09/12/2016 11:35

Easily - nothing signed, there was a leak after the director deal plus it was a non-exec chair (Joel is the president) so not one involved in deals.

[ramas] 09/12/2016 10:57

Watch for end of day block trades ... this feels like start of a reversal ... could a director buy recently if an acquisition was in play ?

[wolfhound1] 09/12/2016 10:45

Up on what look to be v modest volumes - I guess it must be a case of who is buying rather than how much they are buying - interesting.