Paysafe Share Discussion Threads

[salpara111] 16/2/2017 13:40

Not much to say until we get to the results I guess.

[johnv] 16/2/2017 13:15

Very quiet on this bb today

[nurdin] 15/2/2017 18:22

'Bold M&A' suggests to me that the company has not decided which way it might swing but they have left the door open for either option.Quite a major decision either way and will require a lot of thinking time before they make their move.A wait and see game for now imo...

[wolfhound1] 15/2/2017 17:37

Possibly - but if it was going to be JV rather than "bold M&A" why not say so

[eh9] 15/2/2017 15:48

I still however think it is more likely to be a huge wallet jv with a well known brand than a full merger given they believe they already have the technology platform ready by Easter

[opodio] 15/2/2017 15:22

GOING BLUE

[eh9] 15/2/2017 14:59

Mergers do not cost anything and do not create goodwill (i.e. No debt and can be very value enhancing) that is why they are mergers! Talk of costing x for a merger is nonsense! The key is the ratio e.g. If we merged with adyen 60:40 a powerhouse would be created with 40% additional equity issued to adyen owners

[ch1rp] 15/2/2017 14:53

C'mon PAYSAFE. Time to move NORTH!!

[wolfhound1] 15/2/2017 14:48

I think JL language was interesting - he noted "bold M&A" - that sounds more like a merger than an acquisition IMO- Cash plus shares. I recon we could merger with an equal for 50% cash ( via $1.5bn debt) and 50% new shares issued ( $1.5bn in new shares).

sp would rocket up on the basis of a re-rating of the combined group with EBITDA of $600bn+ and say $500mn Earnings.

[polythene] 15/2/2017 14:42

Agreed salpera

[salpara111] 15/2/2017 14:23

I don't think that any of the institutional investors will support another rights issue so soon after the last one particularly given the current share price so any acquisition will have to be funded another way if it is sizeable.
I would much prefer that if they want to make an acquisition that it is small enough that it can be funded out of cash flow.

[wolfhound1] 15/2/2017 11:44

When PAYS set up the BB they were already talking of M&A - so the two are v closely linked - i agree a threshold of 400p was most likely set - that was probably the level PAYS needed to have share price rise to inorder for the numbers in the acquisition model to work for all - once reached in a position to pull trigger at will or more likely on 7th and use the 9 business days to work on their presentations.

[polythene] 15/2/2017 11:22

The buybacks are deliberately independent of the company so as not to interfere with M & A activity. £4 seems to be a threshold above which they seem to not want to buyback. No relation to closed period.

[wolfhound1] 15/2/2017 10:56

As a few posters starting with gybra....on 6863 have suggested the abscence of buy back ativity suggestes a deal may be just around the corner.

Although there is no official announcement it does look like we are a few days into no buybacks ( suspension), share buyback programmes are usually suspended when a deal is announced - hxxp://www.barrons.com/articles/SB51367578116875004693704580494152334716336

[steptoes yard] 15/2/2017 09:57

30% in 2 months was quite a rise malcom !

[malcolmmm] 15/2/2017 09:27

Needs a few more buy backs to regain momentum or perhaps they are giving shorters an opportunity to close. Perhaps the remaing shorters are waiting for the results having hedged, they maybe short and long

[lomax99] 15/2/2017 07:49

Interesting FT article yesterday entitled 'China mobile payments soar as US clings to plastic'. Basically China is seeing explosive growth in online payments as they embrace internet transactions.

Apparently the value of third party mobile payments more than trebled to Rmb38tn ($5.5tn), according to estimates by iResearch. WeChat pay and Alipay (linked to Alibaba) dominate. In the US, mobile payments rose 39% to $112Bn, according to Forrester Research.

Credit card penetration in China is low, which partly explains a predominantly direct move from cash to online payments.

The figures are obscured by the fact the fact that Chinese like to send 'red envelopes' to each other, whereby as a means of socialising you send an amount which represents a lucky number (88 and 520), and you invariably receive the same amount back.

Attempting to Sift this out, Forrester expects mobile payment growth in the US to be 2.6 times their 2015 value, whilst they expect that Chinese payments will rise by 7.4 times in the same period.

[tjbird] 15/2/2017 07:47

Hi guys

When are results? I want a full quota by then

[polythene] 15/2/2017 04:25

Thanks Maddox. I misunderstood. I thought someone referenced an overall reduction in the shares on loan.it referred to Norges banks shares that had previously been loaned. Hopefully that reduction is a reflection of what's happening generally.

[kuss1] 15/2/2017 01:13

Yes opodio, PER of 10.5 and the company doubling in size every 12 months. I doubt you will see a drop to 400p as there are lots of people wanting in as the penny drops. Also many wanting out of their shorts as they realise what's about to happen.

It's also a fact that the company are happy with lower digit organic growth 12 months in advance. That will be upgraded for sure. Quite astounding growth prediction early in the cycle.

Should be at least 30 PER given the cash generation. Add in a transformative acquisition and do the maths..

[maddox] 14/2/2017 23:33

Hi Polythene,

The declarations clearly indicate separately the Norges Bank shares on loan and this has fallen from 0.44% of Paysafe's share capital to 0.001%. So it'll be surprising if this doesn't get reported. It is also true that Norges' overall holding has been fluctuating picking up c. 2 million shares early January and selling them again by early February.

Regards, Maddox

[opodio] 14/2/2017 23:14

Dow record close



Deal imminent



52 week high



PER of 10.5




What not to like

[2bluelynn] 14/2/2017 22:06

rHatton Top up at four pound it is then . Seems a good support again for the next ride up .

[polythene] 14/2/2017 21:24

Sorry for my ignorance Maddox. How does Norge report indicate that? Is it not speculation that Norges ownership is varying because of recalling the loaned shares?