Paysafe Share Discussion Threads

[heliweli] 04/1/2017 21:22

Same pattern before every update here, the drop when we think it should be flying then a few days to go it rises rapid, then falls after the update.

[dlku] 04/1/2017 20:32

Last few days for the shorters to bank their profits .
Just 5 trading days until the TU.

[2bluelynn] 04/1/2017 20:31

I have a question and I'm sorry if it sounds a bit negative . I am a massive holder and great supporter of this share and have been a holder for a long time but would love some clarification . If the company are doing a massive buy back of shares and have a market update on the 12th of January so many of us are waiting for with most of us thinking it will be very very positive (reading many many previous post) . Question Why wouldn't the company play the next trading update down ... This would drop the share price so they as a company can buy back more shares a lot lower price ? I don't want to sound thick but I do have a funny feeling about next week . Thanks in advance

[lomax99] 04/1/2017 16:49

No change in shorts.

[maddox] 04/1/2017 15:14

Hi Chris 214,

Regarding your welcome curiosity into the second bullet point question, specifically:

• “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”.

- which was a point I made. I'd recommend you listen to this excellent BBC radio programme - 'How you pay for the City'

It's a layman's guide to the morass of intermediaries that take a slice of the cake - including the Global Custodian. They will often, as Big fella states offer to look after a financial institution's stock holdings for free - as long as they are allowed to lend the stock. The rules have apparently been tightened such that the beneficial owner of the stock should receive some of the fee income - but it's a very grey area. If your a Global Custodian holding s huge amount of stock on behalf of a raft of different (international)pension schemes - whose stock is being leant, whose rules apply and whose checking anyway?

Regards Maddox

[togglebrush] 04/1/2017 15:04

FWIW 20 December Share Buyback Programme
‘
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
'
AS of 3rd Jan 2017 volume 960,221 bought over 8 trading days or 6 days and two half days. Assuming 7 full days that is 137,174 per day so a little under the target rate so far

[boadicea] 04/1/2017 13:15

Ok - So I tell my broker to sell my (beneficial) shares which he has lent out. Will he say, "Sorry, can't do, I've lent them out." Rather, I assume he will sell someone else's shares, i.e. do a swap - they're just part of the pool he holds for multiple clients.
If I had put a high limit sell order on them, how would it make any real difference unless everyone in the 'pool' does the same?

Surely better to use a broker/nominee who does not lend nominee stock, e.g. HL, but I assume there are others.

[nurdin] 04/1/2017 12:48

I suspect the fund manager expect any dip caused by the shorters to be short lived.They have a longer time horizons than the shorters.

[djbilywiz] 04/1/2017 12:47

It's more likely to be banks like Goldman Sachs that will loan shares for a premium.

[boadicea] 04/1/2017 12:41

Can someone explain to me why a fund would wish to lend shares so that they can be shorted and then returned to them with a reduced value? Agreed they get a fee but it must be less than the likely loss in value otherwise the shorters would be looking at a loss.

... Unless, of course, the fee goes into the pockets of the fund management rather than to the beneficial owners of the shares - i.e. the investors in the fund. But that of course would be deeply unethical, in fact far more so than the shorting itself.

[sheep_herder] 04/1/2017 11:50

Out of curiosity - there must be rules by which a company can buy back its own shares? Wouldn't you get into some sort of false market issue if they just placed massive orders? I think by just hoovering up the sells they can't fall foul of anything like this.

[juzzer100] 04/1/2017 11:34

PAYS would be nuts to buys as many as possible at the moment. The shorters will be only too aware of the funds allocated to the buyback and will know when all used up for next attack. PAYS are just stabilising the price ahead of the TU. Who knows what the effect of the TU will be - let's hope it's positive - but good for PAYS to keep but back funds available just in case!

[qs99] 04/1/2017 11:24

be blue shortly IMO!

[redlee] 04/1/2017 11:09

I'd be interested to see if they increase their buying at the beginning of next week to kickstart the momenutum and then hopefully the TU will continue it

[lomax99] 04/1/2017 11:02

I think they will buy in larger volumes if they think they need to, I suspect their preference would be to hold back funds for acquisitions.Hopefully on 12th we will get an update on the reduction in their net debt position/profit to cash conversion.

[longwell] 04/1/2017 10:59

Lower share prices means more shares for 100 million are taken off market and cancelled, so longer term the current share price for buy back is in the long term to our advantage. Let the sellers sell for me it's great news for the future.

[the big fella] 04/1/2017 10:56

Redlee - my thoughts exactly. Why are they not buying everything in sight if they were about to issue and ahead / positive TS. perplexed by it all really. I am back to my break even point, 364, and I am tempted to sit it out and buy something a little less controversial.

[redlee] 04/1/2017 10:41

True Napoloeon, however wouldn't we expect ahead of a very positive trading statement, the company would want to buy back more at a cheaper price as they would expect it to increase following?

[salpara111] 04/1/2017 10:37

As someone who was invested last year but sold out for a small profit at 405 I am at a loss as to what to do here.
The underlying business appears to be fine but the shorters are still present so I am very uneasy about the idea of buying back in again despite the helpful share buybacks.
The last market update was good but was met by a share price markdown so I am not sure that the next update will see a re rating.
I guess I will wait until I see what they have to say and perhaps more importantly, how the market reacts to the update.

[malcolmmm] 04/1/2017 10:37

Well I bought Alttitude and Filta when recommended a few months back ,managed to get ALT at around 30p now 98p to buy and Filta is also steaming ahead

[napoleon 14th] 04/1/2017 10:32

IMO we can wait for the TU without buying too much stock back.
For well roasted shorters, a release of "top end" figures followed by agressive share buyback would be very effective IMO.
At the moment we are just arguing with the shorters. After results it should be a proven situation & "game over".
It's only a week away & I've been here for four years now, so...............

[smcmahon993993] 04/1/2017 10:31

Malcolmmm, have you found SCSW are good at spotting winners?

[nurdin] 04/1/2017 10:09

Shorters are shaking in their boots!

[malcolmmm] 04/1/2017 09:22

I think PAYS will be one of SCSW star picks for 2017 out in 3days which should give them a boost.