Paysafe Share Discussion Threads

[marine boy] 20/12/2016 08:29

And by doing it over 12 months, that's a year when shorts might decide to target elsewhere. So long, see ya honey.....

[boadicea] 20/12/2016 08:28

An interesting sentence in the RNS is this -
" This agreement includes provisions giving BMO Capital Markets Limited authority to carry out market purchases under the Programme independently."

The point here is that it appears to avoid the effect of close periods in the calendar when the company cannot initiate buy-backs because there is significant unpublished data. Close periods would constitute periods of risk when the company could be a sitting duck to further share price manipulation and attack. The independence of BMO means that they can continue to apply pre-agreed criteria for buybacks at any time throughout the year.

[firtashia] 20/12/2016 08:27

How thrilling is the action this morning? What a shame I've got to log off and go to work.

[togglebrush] 20/12/2016 08:26

EH9 note this is a 12 month programme
'
Programme will be 48,110,871 ordinary shares in the capital of the Company,...

The Programme will be undertaken using a phased approach and have a duration of 12 calendar months, subject to the buyback approval resolution being approved at the Company's next Annual General Meeting in respect of any purchases to be made after the date of that meeting

Estimate roughly average of one in six shares per trading day will be buy back see post 5408

[eh9] 20/12/2016 08:23

It cannot fall again since there are 48m shares to be bought prior to the agm. Don't you get it? The shorts are dead as there is a more powerful buy bot at bmo capital markets working against the down bots.

[malcolmmm] 20/12/2016 08:22

Berkeley housing gp recent announcement of buy backs resulted in shares shooting up

[admin900] 20/12/2016 08:21

Hope will not fall like yesterday

[nurdin] 20/12/2016 08:20

Its not only the shorters attack that has brought the price down.Ames Capital have also been off loading and are now below 3% as per todays RNS..Dont think they will off load any more now which should help Pays share price progress on its upward trajectory.

[stockbob] 20/12/2016 08:18

well seem to have done the trick

[steptoes yard] 20/12/2016 08:18

Be a couple of rabbi's in NY consulting the manual at breakfast

[lomax99] 20/12/2016 08:17

Well, nearly back to the level we were at before the SR report. Is Trance man still in one?

[qs99] 20/12/2016 08:16

squuuuuueeeeeeeeeeeeze

[aspex] 20/12/2016 08:14

Question. Are BMO allowed to stand in the market for a significant quantity at an elevated price to clear out the shorts and attack their current margins?

[steptoes yard] 20/12/2016 08:14

Maybe Spotlight Research can do a rehash of an old article on the merits of share buybacks?

[qs99] 20/12/2016 08:11

not being precious mate toyin! Merry Christmas and PAYS at a fiver please...hehe

[larva] 20/12/2016 08:10

Soon to 500p

with the £100,000,000 buyback , i can see 100,000,000 reasons why the statement in 11 days will be very good reading


Broker has 650p in mind

[lomax99] 20/12/2016 08:09

I suspect they would rather use the money on M&A.

[toyin] 20/12/2016 08:05

QS99

Sorry didn't read all posts!

All the best

[qs99] 20/12/2016 08:03

why wait over 12 months, if they think share price is so low now, surely focus will be on buying in coming weeks no?

[togglebrush] 20/12/2016 07:59

FWIW
‘
Buy Back is 48,110,871 shares over 12 months or roughly 180,000 per trading day
‘
Using ADVFN data for 2016 the Daily Trading Volume Stats are:-
Q3______4,695,783
Median__2,650,049 Middle of sorted sample
Q1______1,681,974
‘
If each deal is a discrete buy or sell then very roughly one in six buys per day will be a share buy back

[qs99] 20/12/2016 07:59

toyin, spot on and exactly what I said above mate....this IMO is vastly different and hope they start this morning...!! gla