Paysafe Share Discussion Threads

[wolfhound1] 13/12/2016 20:49

What is really required here is a $10bn class action lawsuit against the shorters for illegal market practises - once proven that there was a concerted effort across parties to drive down the price on false reports ( anonymous or otherwise) then those parties should be jailed and all assets forfited for the benefit of PAYS investors who should be compensated 10 fold for "pain and suffering".

Expecting regulators to do it - nothing will happen - they don't have the authority. LSE should underwrite the class action to promote a "regulated market"

#LSE_end the mockery

[sir gimli] 13/12/2016 20:30

Smoky.I disagree. The company will be well aware of its operating risks, and market regulations require the company to disclose any FACTS that would materially impact it's share price (and as a Group FC of a listed company I've had direct experience of this). The Company has responded to the share price movement insofar as it can and made it very clear that this report is spurious. I'm way more inclined to believe the company, corporate brokers, and recent insider buys than any spurious report whose sole and disclosed aim is to reduce the company's share price.

Quite frankly if this sort of event can happen to a FTSE250 company then the regulators need to take a long hard look at how these type of events can be avoided in the future. Disgraceful.

[smokybenchod] 13/12/2016 20:20

I by chance very luckily sold out first thing this morning at a small profit as I used the cash to top up some NCC Group who also dived due to a profit warning. Just seen whats gone on here and all the shorting now makes sense - think I'm in the wrong business! IMO think this is one to avoid for now as there are way too many unknowns.

[meganxmas] 13/12/2016 20:06

yeah bioprogress and blinkx

[jim digriz] 13/12/2016 20:05

Bought more at 300p in the foment.

I have come across a few of these recently in the UK:

Quindell April 2014
Plus500 May 2015
Globo October 2015
Paysafe December 2016

Any others I've missed? The only one I was holding was Plus 500. In that case the report was total rot.

[trance man] 13/12/2016 19:49

the blog is implying that because (in the authors view) the asian gambling revenue has much bigger margins than all other revenue, the effect of losing it could be a much bigger hit on earnings.

not all revenue is an equal contributor to gross profit

so overnight a pe of 10 would become goodness know what?

page 10 of pdf

some of you need to remove the blinkers and take a look at the risk here.

read the pdf.

all of it.

other risks are the money laundering laws to be passed next year in the EU. see report for explanation. this could severely impact other revenues.

the 2016 earnings are now a sideshow as there is no visability on 2017 earnings and beyond. even more important is the market now has a better understanding of the business risks. the horse has bolted.

i'm not a shorter, i can't afford to be but if I were a hedge fund looking for a play this could be it even at this price. market hate uncertainty and there appears to be bucket loads here.

[ihatemms] 13/12/2016 19:44

Many other British bookmakers operate in China including 888, Colussus Bets and StanJames.com. Other payment providers also operate in China including Click2 pay.

The article also mentions India as illegal - well all the operators work there - ladbrookes, Betfair, paddy power etc.

[oohrogerpalmer] 13/12/2016 19:24

Obviously all the shorters had prior notice of the report.
Frustratingly nothing will get done and no prosecutions for manipulation or insider dealings will follow because the powers that be are weak, also as it is probably only a few PI's that have been stung so they will think why should they worry about it.

I don't understand this argument of BET365 being a big proportion of the business, what do they want them to do tell BET365 to go elsewhere.
You can't tell your biggest customer "sorry but we can only do a certain amount of business with you"
Having such a customer is fantastic base to build your own company into something much bigger and that's exactly what PAYS are doing.

Just came in to the carnage of today but having reviewed whats gone on etc i can't find any reason to see why PAYS is a different investment now than it was this morning.
Holding and this will only add a time delay to my target price of £8 .

[melody9999] 13/12/2016 19:23

I agree Malcolm.

Spotlight Research heading:
Paysafe: Material Risks From Regulatory Enforcement Action

Please can someone explain to me:

Insider trading is a term many people take very seriously. I understand that means that if you are in a privileged position so you are aware of news that might materially affect the share price of the entity concerned, you are seen as an 'insider' and therefore not allowed to purchase (or dispose) of shares in that company until that news is made generally available. As an example, I think the term 'closed period' close to a company's results is so called to prevent Director's buying and selling in that period.

So here we have a person (or company) that have information that they believe is 'material' and will therefore affect the company's share price. Do they not need to prove that they were not privy to that information at the time of purchase (or short selling) of those shares?

Or is there one rule for one person (or company) and a different rule for another?

To be clear, Spotlight Research have gained visibility from their announcement today. That is fine. Their subscribers may also have made financial gains. That is also fine. But the fact that Spotlight (or their correspondents) are benefiting financially from being an insider and trading the stock is absolutely not fine.

[wolfhound1] 13/12/2016 19:20

What it boils down to is the LSE & FCA & Scotland Yard Fraud Squad should investigate what is clearly market manipulation of share price !!

[ramas] 13/12/2016 19:17

Problem is JLs dabble with equity first probably contributed to Pays filtering to the radar screen in the first place ..... would be nice if he would close this position toot sweet .

[juzzer100] 13/12/2016 19:11

Hmmm quite a sobering day.

Has anyone here any prior knowledge of Spotlight Research? Forgive me if they are common knowledge but googling them implies they are not that well known. Looks like they managed to knock down US share intrexon (XON) from 37 USD to 26 in April this year - it has since recovered somewhat. They used to be called Forensic Research Analyst and a chap called Daniel Svartsman (editor of Seeking Alpha) seems to be heavily involved. Quite proud that they are the sixth best shorters:



Anyone any other knowledge?

[nurdin] 13/12/2016 19:09

Besides, if China were going to take any measures, they would have done so by now surely...unless of course 365 have been overstepping the mark !

[malcolmmm] 13/12/2016 19:05

Disclosure: I am/we are short PAYS LN.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Well his opinions seem to hold great sway in the markets especially as there is a conflict of interest here
I hope he is sued at some point. don't see much proof on his allegations.

[johnv] 13/12/2016 18:57

The Chinese exposure according to Barclay's is only 13% now

[capt bligh] 13/12/2016 18:50

It boils down to this : has Joel built a sufficient following in the city to counteract this agression We have all known about bet365 and its Chinese exposure for ages. It was a worry,but the company has been making enormous strides away from this dependency for the last few years/// you have to ask yourself why this why now??. It is not as if China could impose any sort of fine.

[old fool2] 13/12/2016 18:48

Japan to pass legislation tomorrow to legalise on line gambling