Paysafe Share Discussion Threads

[scooper72] 22/12/2016 09:16

probably at the wrong time I have decided to stop trading PAYS on my IG account as the auction wiped out my £1,000 balance, decided to instead pick up another £5k at around 330p of the actual shares and stick to investing rather than what felt like gambling on the short term price. Anyone else ever come to that conclusion?

[shanksaj] 22/12/2016 09:07

Now my third biggest share position after buying more over last couple of days. I've pencilled in a dividend of 20p for 2018, a year away, which at today's price would be a yield of 5.7%. But I wonder if any of the big banks will be looking to gobble it up. Any thoughts?

[heliweli] 22/12/2016 08:51

Onward and upward.

[juzzer100] 22/12/2016 08:47

Liking the look of the chart this morning. Different pattern to last few days!

[malcolmmm] 22/12/2016 08:39

Surprised at all the buys from PAYS, they are not just buying large tranches , perhaps the shorts are closing using the same method.

[lomax99] 22/12/2016 08:10

Hoovering them up at an average near the low point looks good.

[tsmith2] 22/12/2016 07:36

Volume weighted...seems as though the buying was done towards a bottom of Intraday prices

[stoph] 22/12/2016 07:34

RNS Out

Paysafe Group plc (LSE: PAYS, "Paysafe" or the "Company") announces that it has purchased the following number of its ordinary shares of 0.01 pence each on the London Stock Exchange from BMO Capital Markets Limited ("BMO Capital Markets") as part of its buyback programme announced on 20 December 2016.


Date of purchase: 21 December 2016
Number of ordinary 0.01
pence shares purchased: 182,480
Highest price paid per
share: 364.8p
Lowest price paid per
share: 345.0p
Volume weighted average
price paid per share: 348.7p

May our bot smack the shorters bots

[tsmith2] 22/12/2016 00:05

No need to, more stock will be picked up at a cheaper price, less shares in issue..

[qs99] 22/12/2016 00:01

can't believe someone quoting BP for share buy backs....given worst oil spill in history, surely they were on a sticky wicket no? Trading at PAYS from public information still seems to be robust DYOR, but share buy backs on back of those RNSs therefore should be +Ve no? Let's see. Don't quite get the big fall today, why aren't PAYS brokers picking up the loose stock then? ....

[johnv] 21/12/2016 23:55

One thing about this buyback are the shares have been cancelled. Was yesterday's notice a token buyback to alert shorters to get out of here or will they continue everyday.

[malcolmmm] 21/12/2016 23:38

I would have thought PAYS will use the buybacks only if necessary and as a weapon to deter future shorts.

[malcolmmm] 21/12/2016 23:27

Looks like the shorters are unwinding their positions.The short ratio suggests that this will take awhile and the buy backs couldn't help nor could the looming results day. They cant just buy back the lot as it would create a ss would it not?

[jovi1] 21/12/2016 23:21

Hi all
Institutions do not generally lend share they own but lend the ones on the nominee account like yours and my ones, well just yours really as I have a set price to sell and there fore are not available for lending, you should do the same.
Generally I don't like when company start any share buyback but during the bay back share generally rise to fall later but in this case I suspect the real interest is to assure investor that they have some protection at the moment.
There is no rush for the company to start buy large amount as is more than likely that institutions will buy before the company really start.
hopefull we will have a very good explanation on the 12 of the risk and potentially the reward
After this share buy back is sound that any open offer in case of another takeover should be out of question
In all this I fund quite incredible that a anonymous report is believed and most of the direction comments in this and other company's are so questioned
Good luck and don't forget set your share to sell

[malcolmmm] 21/12/2016 23:12

Berkeley Group announced recently of share buybacks to create value for the share holders as they said they were undervalued by the market as are PAYS and it worked as the share price has risen significantly.
The Mail had an article featuring the short attack and PAYS buyback. They did say although the share price is recovering that some investors have been spooked.

[eh9] 21/12/2016 19:51

Don't forget that &£100m remains small vs the $1.3bn acquisition firepower (2.5x ebitda of proforma combination) yet represents 135% the size of the overall short position and eg Sage Pay is muted to be for sale at around $600m and would significantly reduce the exposure to gambling and the asian merchant. Plus the shorts are exiting as they do the dirty on each other and an all guns blazing webcast is being lined up for Jan 12th.

[kenmitch] 21/12/2016 19:34

sir gimli

Best to agree to disagree re whether buybacks are good or bad. Strong arguments for and against.

Re HSBC. I was referring to earlier buybacks ahead of the fall to multi year low and not any more recent buybacks.

When a large FTSE100 company falls to multi year low the share could well go on to recover anyway.

My key point was the misapprehension here that buybacks always lead to share price rises. They don't.

[sir gimli] 21/12/2016 19:01

Sorry read Trading performance issue!

[sir gimli] 21/12/2016 19:00

Sorry kenmitch but I strongly disagree. Buybacks are useful tools for returning value to shareholders. Hsbc in which I own shares has recovered from 412 to 650 during its buyback programme so that ones a busted flush. Apple has bought back as they refuse to remit funds back to the US so are left with a massive pile of cash sitting overseas and can't do much else with it except buy more stuff. Their product releases over the past 12 months have also been poor.

Bottom line is that there are general and specific reasons as to why companies buyback their own shares. In this case Pays had previously stated they would consider this and are now doing it. The fact that they can tells me they're trading well (hence the spare cash), and that there's nothing out there right now that they'd like to buy. The short crash needed defending as well so this was a convenient time to start the programme.

Fundamentally all company specific reasons given above are earnings enhancing and within the company'said current and future planned resources.

I'm sure if there was a trading performance there would be no way the company would commit 100m quid to this exercise.

Long and strong.

[kenmitch] 21/12/2016 18:45

Some seem to think that "buyback = share price rise."

If that were the case every company would look to buy back and we could all invest in a share sure to go up.

It doesn't work like that, and the opposite often happens.

e.g some of the biggest buybacks in recent years have been Apple (over $100 BILLION spent on buybacks) and BP (over £20 BILLION) and HSBC. Apple has subsequently been about the worst performer of all the major US tech companies, and BP and HSBC both went on to fall to multi year lows. Others buying back have gone bust... e.g Luminar.

Also £100 million is a very small buyback and imo will prove to be a waste of money. IF it has been done to wrong foot shorters it won't work anywhere near as well as convincing evidence that recent negative comment is wrong.

[melf] 21/12/2016 18:11

yes, I posted yesterday that Sands' timing of their entrance and exit was immaculate. Make of it what you wish!!!!

[shanksaj] 21/12/2016 18:03

Looks like Sand Grove were the only ones ready and waiting to act upon the anonymously issued report. I wonder who might have let it out into the public domain?.... er, anyone got any thoughts (that aren't libellous of course) ?? I've got my suspicions.