Paysafe Share Discussion Threads

[polythene] 07/7/2017 11:53

Can anyone explain why the Vendors would give up their rights to the shares at lower than market cost? I'm missing something.

[slipperysidewinder] 07/7/2017 11:39

Callme

I hold here

[aspex] 07/7/2017 10:13

I see no one picked my (deliberate?) error in 8640 is equivalent to 325p so the deal is even better for us.

[eh9] 07/7/2017 09:23

Also if there is some kind of wider roll out of golo to uk and USA as has been flagged they probably wanted to cap off the earn out.

[eh9] 07/7/2017 09:03

Pennsylvania poker decision seems to be likely tonight

[polythene] 07/7/2017 08:09

Does that mean Fan didn't perform as expected?

[aspex] 07/7/2017 07:33

Effectively PAYS are buying back 790k shares at about 4.19US$ under the latest announcement.
Good bargain for all.

[callmebwana] 06/7/2017 12:51

SSW.
What are you doing posting on this thread?? I thought you bought into SCH.
The NT has sold quite a few of those. You would have been better buying in here.
Your side kicks are also missing today. :o)

[lomax99] 06/7/2017 12:27

Much lower and I may top-up, roll-on news and the trading update..... The pullback is also on fairly light volume. Not remotely interested in SCH.

[nurdin] 06/7/2017 12:25

Has no will to go past 520p...this pull back is frustrating!

[eh9] 06/7/2017 12:13

Paysafe has no interest in piddling businesses like safecharge. They claim they will do something "bold"

[slipperysidewinder] 06/7/2017 12:08

I think a bid for Ssfecharge from pays in cash and shares is s no brainer for pays

Much of the 115 mil, Safecharge has in its coffers would help fund the deal.

[wolfhound1] 06/7/2017 12:08

Interestingly itt has taken firms about 1 year from Brexit referendum to begin what I think will be sustained M&A activity - due in no small part to the 1.27 FX rate

[eh9] 06/7/2017 10:35

It's much smaller. Interestingly vantiv and paysafe work together in the USA

[f1araway] 06/7/2017 10:32

If PAYS was such a fantastic bargain over WPG why didn't they go for the cheaper option?

[longwell] 06/7/2017 08:50

only about 20 trading days until trading update, will sit back and not watch until then. If there is an upgrade it will be game on, if an announcement of acquisition it will be game on. if not I will focue elsewhere until the bid comes in and yet again the disappointment of not watching a company achieve its full potential, when it had the control and tools to avoid a take over.

[longwell] 06/7/2017 07:49

focus on sector is the benefit to pays, predators will look for the best value targets. I am actually disappointed as I now believe we will be taken out at a far cheaper price than the potential. unless a deal is announced or share price moves north quickly. share buy backs should be restarted to push price up.

[aspex] 05/7/2017 22:11

Worldpay takeover leaves one less target available to take out.

[oohrogerpalmer] 05/7/2017 19:32

Ralpmalph,
Probably explains a little, i.e. All bent barstewards!!!

[ralphmalph] 05/7/2017 19:27

The site I look at (my sipp provider) has PBT in 2018 as £241 being the consensus of the brokers.

[wolfhound1] 05/7/2017 18:56

£14.77 I believe .......

PAYS PBT 2018Est is $300mn (conservative using 10% YOY growth) = £ 265mn and some 485mn shares @sp of 5.15 we are £2.5bn market value. so Pays @ 515p trades on a PE of 2018E of 9.4

If we were trading at a PE of 27 on 2018 Est = £7.168bn or almost 3 times where we are today i.e. £14.77 per share

If my math is correct..........

[johnv] 05/7/2017 16:32

What the equivalent pays price if it had been us?

[wolfhound1] 05/7/2017 16:12

by my calcs it is 27 x NOPAT assuming a share price of 385p and NOPAT of £285 ( backed out from Berenberk data)

[...]

hxxp://www.proactiveinvestors.co.uk/companies/news/180376/berenberg-thinks-takeover-offers-for-worldpay-could-reach-450p-a-share-but-after-a-surge-in-stock-it-has-tempered-its-stance-180376.html

PAYS from Edison research is trading on 2018E PE of 13.6 - so PAYS is pretty vulnerable

I can't help but think the GoLo app was partially designed to demonstrate a "plug and play" option to a big e-commerce outfit who might be looking to close a strategic gap in the digital e-commerce race.

Pays 2018Est PBT of $300mn is not a million miles off WPG NOPAT of £285 ( $322mn) bearing in mind the Edison numbers I used are based off low double digit growth of about 10-11% when in fact Pays might well do 25-30%

[lomax99] 05/7/2017 15:51

So what was the mutually convenient/soft take out multiple for WPG? Thanks