Paysafe Share Discussion Threads

[saint of advfn] 20/7/2017 14:56

Mr Wolfie

U is not leaving any for the next scavenger :(


Bidding at 1000p?

[wolfhound1] 20/7/2017 14:47

@Nurdin - I think its called sweet 16 !!! LOL

sounds like a big leap alright but in the event of PA ( or one of the other 3 states) approves online gambling in 2017 ...watch this space

here is why IMHO

ING sales of $2.3bn and EBITBA margin of 20.6% and there is 52% conversion of EBITDA to cash, the acquired is 1/10th that size so although multiples are likely worse lets assume they are also achieving those levels - although we know they are allowing 3 yrs to achieve synergies

ING maintain Bambora were "in demand asset" and are paying something like ( if my assumption is valid) a whopping 35.7 times EBITBA and a GINORMOUS 68.68 times cash generated - and yet ING's shares still rose by almost 10%

..so if OLG is legislated and regulated then it is acceptable and all of a sudden pays is "in demand asset" of some size and presence !!

[nurdin] 20/7/2017 13:34

If rated at 7.3x sales,PAYSAFE could command a price of £16....unlikely but a nice number to dream :o)

[werewolfie] 20/7/2017 13:28

SP at highest ever?

[wolfhound1] 20/7/2017 13:17

Agreed EH9 - key to being the next PAYPAL in the west is growing PAYS B2C space by a holistic solution for C and ease of inplementatoon by B - GOLO is a step in that direction

[eh9] 20/7/2017 12:59

Wechat alipay and paytm in Asia all demonstrate paysafe is spot in the most exciting place in the west (wallets+full customer value chain+customer data insights for retailers) and in with a real chance to be the second alternative to PayPal in the west. Ingenico etc does not have all the elements paysafe has.

[wolfhound1] 20/7/2017 12:42

PAYS share price certainly looks cheap when you see what ingenico paid - 7.4 sales !!!

[callmebwana] 20/7/2017 09:02

EH9.
You are a GEM of information. Keep it up.
GLA.

[high park] 19/7/2017 17:49

The sells can be seen on Hargreaves Lansdown site, at 14.27 and 15.32. They don't show the massive after hours buys now shown on ADVFN. But before the LSE reporting system had it's hiccup some weeks ago, results of the Auction, which used to be shown as don't knows, are now shown as buys or sells. So I still don't know.

But if you look at ADVFN contract no 1331 there's a 950,000 sell at 14.27, not shown on HL.

[nurdin] 19/7/2017 17:10

Dont see those trades high park...see two large buys though.

[eh9] 19/7/2017 16:13

New website just gone live

[high park] 19/7/2017 15:59

Stunning. Two 95,000 sells this arvo.

[wolfhound1] 19/7/2017 14:43

Interesting - openly having that conversation invites speculation and expectations in the market IMHO - news pending perhaps ?

[lomax99] 19/7/2017 13:20

Posted on iii on Friday, not sure if this has been posted here.

Paysafe Group [LON:PAYS], an Isle of Man, UK-based payments services company, is eager to continue with its “bold” M&A strategy in 2H17, COO Danny Chazonoff told this news service.

"For the right price", the company is willing to buy an asset or group of assets it finds attractive from a product, management and technological perspective, or that would offer access to a particular niche or vertical, Chazonoff said, declining to elaborate on what he considered to be the right price.

As an example, he referred to Paysafe’s strength in the niche of direct marketing, adding that if a target was able to add value in a specific area such as this one, and not just necessarily related to its core payments offering, that would make it an attractive asset, so long as it met its criteria with respect to EBITDA multiples, he said.

Over the last 2.5 years, Paysafe has completed five acquisitions, all varying in size and to serve various purposes. One of the largest was its acquisition of Skrill Group and its numerous portfolio companies, including Skrill, Paysafecard, Payolution, NETTELLER, Net+ NETBANX and FANS Entertainment. Valued at USD 1.2bn, the deal significantly increased Paysafe’s scale and reach as a payment and e-wallet provider.

In 2016, Paysafe acquired MeritCard Solutions, a US-based company provider of payment processing services, for USD 20m. Then it acquired Income Access Group, a pioneering affiliate technology business, for USD 30m.

Chazonoff did not discuss EBITDA multiples, but according to Mergermarket's database, Paysafe paid 3.3x the targets's 2013 GBP 2.78m EBITDA when it acquired Global Merchant Advisors in 2014. It paid 16.2x the target's 2013 GBP 7.85m EBITDA when it purchased Meritus Payment Solutions later that same year.

Paysafe has since been working to integrate these acquisitions and consolidate their offerings on to a single platform in order to create a one-stop shop for existing and new potential clients payments needs, Chazonoff said.

Paysafe also partners with a lot of third parties, particularly in the area of risk management, where it may make more sense to own the technology outright rather than licencing it through partnerships, he said.

“I am not suggesting we go out and buy one of these companies ... but there are some opportunities outside of payments that would work well within our environment that right now we are using via partnerships that might be better off for us to own.”

Paysafe has an in-house M&A team that interacts with each of its various individual business units – prepaid card, digital wallet, and payments processing – in order to identify targets that are not only the right fit at the group level, but that also fit each unit's specific needs, he said.
The in-house team at Paysafe has a mandate to explore market opportunities and determine who is looking to sell, as well as those that can be convinced to sell, he said.

Paysafe generated revenues of USD 1bn in 2016, up from USD 613m the year previous, representing a 63% year-on-year growth rate, according to its 31 December year-end results. The company also delivered adjusted EBITDA of USD 301m and operating profit of USD 194m.

Financing for future acquisitions is heavily dependent on the size of the asset, he said. If small, then the company will rely on its available cash reserves, he added. Group cash and cash equivalents were USD 231.2m at 31 December 2016 (31 December 2015: USD 117.9m).

Should the company pursue a large-scale acquisition, similar to its takeover of Skrill, it would be financed in a similar fashion to the previous deal, he said. That was completed through a combination of available cash, new debt facilities and a fully underwritten rights issue.
Although geography is not a key criteria when assessing targets, the company is looking to expand its presence in South America and Asia, so this will play a small factor when determining its next acquisition moves, he added.

[eh9] 19/7/2017 08:38

Penn online gambling seems on home straight judging by early hours twitter albeit penn state budget has a way to go to be agreed.

[waylander2] 18/7/2017 23:13

Totally agree Critter, which is why he is now FILTERED.

[critter] 18/7/2017 21:52

APFINDLEY - for any of you that that may think apfindley is just a casual poster with an interest i blu spreading the love by sharing with us the frankly unbelievable offer being made by plexcoin, check out his other postings! AP must spend all day posting the same message on every thread on ADVFN and no doubt other boards, this is at least the third time it has appeared on this thread, only underlines the sort of wierdo's that are involved with scams like plexcoin.
Get a life and at least stick to one spam per thread!!!

[wolfhound1] 18/7/2017 21:14

hxxps://www.legaluspokersites.com/news/dent-determined-online-gambling-damage/9136

..seems like a concise summary of the state of play in PA ( pardon the pun)

[eh9] 18/7/2017 17:32

Agree. As soon as Pennsylvania agrees paysafe will be in play

[wolfhound1] 18/7/2017 16:03

Pays probability of becoming a take over target will rise once any of 4 states approves OLG

[lomax99] 18/7/2017 14:39

Think JL's too shrewd for that.

Interestingly PA legislators reconvened yesterday, and the amended HB271 gaming bill is supposedly going to be discussed today. (but don't hold your breath!)