Paysafe Share Discussion Threads

[lomax99] 04/1/2017 08:55

With c 5.6M shares being traded yesterday, and PAYS only being responsible for 0.25M of these then RNS holding/shorter notifications may be interesting in the next couple of days.

In reality we have already been given a heads up that the TU is going to be reasonable. If the shorter's continue to sit tight, then this may not re-rate as quickly as we might like, unless there is some form of event. Confidence should grow as they continue to deliver.

What is encouraging is that they have only needed to buy c. 0.96M shares through their buyback programme over the last 7 trading days to support the price, leaving substantial scope for further buybacks should they require them.

[redlee] 04/1/2017 08:47

What's everyone's expectations for the TU next week? Is it confirmed they are doing a webcast as I think was previously mentioned on here?

[filmster] 04/1/2017 08:20

Can't expect it to support the share price at 283p on the first attempt.

[scothernman] 04/1/2017 08:20

The sale at 4.35pm everyday is uncrossed trade which was the 1.14m noted. That gives a closing price. If you go to PAYS site and check the disclosures you will the detailed list of how PAYS made buys through various sources from 8am to 4.29pm. They did not buy 250000 in one go.

[nurdin] 04/1/2017 08:17

For me, the worrying part is that they could not support the price at 383p.I feel there is still some heavy selling going on,from whatever source.

[pnetol] 04/1/2017 08:11

Polythene that trade was a number of different buys and sells that get accumulated in the closing auction which is between 16.30-16.35, some of which may have been the company, not checked the RNS but it will show a purchase a 16.35 if any of that was by PAYS.

[polythene] 04/1/2017 08:04

That explains the 250000 in Malcolmmm's list of late trades. What about the 1.13M thought at bang on closing mid price? It will be interesting to see any revelation on this in the next couple of days.

[pnetol] 04/1/2017 08:01

The largest number so far, hopefully a sign that they want to pick up a decent amount before a positive trading update at the end of next week.

[johnv] 04/1/2017 07:48

250000 shares purchased yesterday, that's more like it. We need that number everyday.

[napoleon 14th] 04/1/2017 00:48

AM - Chris's question well answered.
Spread bets & CFDs (contracts for difference), which I see as a different version of traded options, are not part of shorting IMO, chris. Shorters actually get hold of shares from intermediaries (who get paid commission) & then sell them as agressively/harmfully/clumsily as they can to drive the price down. In PAYS's case, that was aidded & abbetted by that junk report from a non-entity to shake out those who panick when it turns out to be a dirty old world!

I'd be in favour of allowing EGMs by electronic means in these times, so that a company could consult shareholders. In such a case, a tender offer by the comany could be sanctioned by shareholders, at a very favourable price, & kill off shorters. The buybacks were shrewed & rapid responses to ponces.

I'm a capitalist (else I wouldn't be here) but IMO the system has done a "perestroïka" by letting the financial industry have society at it's service, instead of providing a service to society. Politicians, just like the well intentioned Gorbachev, lost control & anyway they're in hoc up to the eyeballs with national debt nearing 100% of GDP.
IMHO the economy would solve a lot of its problems with a bout of 1970s style inflation to reduce the real value of debt in constant terms, leaving a clear path for real growth once the medicine has been digested & the gov't tax takes is well under 40% of GDP...
But WTFDIK anyhow?

[andy mack] 03/1/2017 21:23

Chris214 - There are people on this board a lot more qualified than me to answer this but basically what happens when you short a stock is that you are 'selling' borrowed shares (from a financial institution) and looking to 'buy' them back at a reduced rate. Ie when the share price has fallen.So effectively there are some big companies that thought the share price would go down on paysafe so borrowed shares to sell then have a bogus report do damage to the share price then 'buy' back the difference between the price they 'sold' them at pocketing the difference, hence all the talk about fine, regulatory action etc as its clearly unethical. I'm sure someone else will give a better explanation buy that essentially it in a nutshell

[chris214] 03/1/2017 21:00

I bought into PAYS at £4.44 so I’m down a bit at the moment, but I’m so glad that I listened to the well informed posts on this BB and have held on to them (thank you all). There are a couple of things I don’t get at present.

The PAYS stock was ruthlessly shorted by institutions for their own potential gain. The only type of shorting I’m aware of is by using a spread bet to go short on a share, where the actual shares are not purchased. So when I read comments like this I was/am still stumped:

• “Funds or institutions loaning customers securities to dodgy private outfits who act in this way should be fined”.
• “The shares are not leant by the FI but the Nominee or Custodian - they are not incentivised on fund performance - they are just looking after the stock”.
• “At some point ( presumably before Jan 12 ) they have to start buying back”.
• “Put a very high sell order on your holding in the region of £6 so that the shares don't get lent out to shorters. If this were routine for us PIs, there would be far less stock to manipulate”.

Would someone be kind enough to explain what kind of shorting was going on.

TIA

[aspex] 03/1/2017 17:55

MMMM Ignore any trade shown after close as they are most often from earlier in the day and reported late.

[malcolmmm] 03/1/2017 16:52

Some late trades

16:49 - 03/01 Buy 17741 376.57p £66,807.11
16:48 - 03/01 Buy 17741 376.57p £66,806.93
16:48 - 03/01 Buy 26140 376.61p £98,446.12
16:35 - 03/01 Sell 21999 374.91p £82,476.67
16:35 - 03/01 Buy 1132775 375.60p £4,254,702.90
16:31 - 03/01 Buy 250000 376.18p £940,452.50
16:29 - 03/01 Buy 452 374.80p

[scothernman] 03/1/2017 15:29

Dont understand 2 large negotiated trade shown as sell for blocks of 400k and second at 500k went through at 2.30pm. Any views wolf (breatheasy from the lse board)

[bennya] 03/1/2017 15:19

Once we break through that 3.80 price at close of play it shows a clear reversal against the 3 month down trend so should start gathering some real momentum.

[callmebwana] 03/1/2017 12:09

Happy New Year all.
I am glad the Co. is buying shares and cancelling them. This will inhance the EPS .
Just 7 trading days left until TU.
I wonder what rock Trance Man is hiding under? Amazing what length Shorters would go to !!
Shorts still showing at 5.11%.
GLA.

[tsmith2] 03/1/2017 08:20

stock being taken off line, shorters will cave in, feels a squeeze coming up,

[lomax99] 03/1/2017 08:16

Yes, only 7 trading days to go before we get the next trading update....

[tsmith2] 03/1/2017 08:03

Could really motor today

[malcolmmm] 31/12/2016 12:16

PAYS is increasing the share price with constant buys in the same way that PEPM decreased the share price with constant sells. I think PAYS will be wary of a tranche of shares hitting the market at a low selling price as happened last time designed to create panic and a sell off.

[firtashia] 31/12/2016 12:12

......and yet the total volume traded was >1m in half a day (lets call it >2m for a full day). That's not at all bad during the festive period and consistent with the daily volumes prior to the end of October, after which I reckon someone started selling into the market, culminating in a final massive dump of shares on 13th December. So I reckon that at the very least the selling is over for the time being, and its possible that someone is now slowly accumulating. Dunno, not a trader, might be talking rubbish, but purchased on that day because I like the fundamentals and the timing coincided with the pricing. GLAH.