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PAYS Paysafe Gp

590.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Paysafe Gp LSE:PAYS London Ordinary Share GB0034264548 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 590.00 589.00 590.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Paysafe Share Discussion Threads

Showing 8926 to 8947 of 10500 messages
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DateSubjectAuthorDiscuss
23/7/2017
09:38
I suspect £5.90 was a begrudging publicly notifiable offer, pitched to make their next, tight, offer seem more generous, which will only happen if they are nudged into it. Even on a stitch-up, this should not go for less than £7!!
lomax99
23/7/2017
09:21
Old mutual supports the idea of selling the Asia gateway to raise the share price. This allows due diligence on it and the short argument to be eliminated. Db now has a 700p target rising to 850p if the Asia gateway sold so great scope for a higher offer / rejection of the offer / paysafe selling the Asia gateway to the buyers themselves.....
eh9
23/7/2017
08:49
Nurdin, Joel et al have not rejected the £5.90p offer because they have not officially received it yet! As it says, Bidco have until Aug 18th to decide if they will make a formal offer and i'm sure at that point it will be formally rejected by the BOD. I suspect bidco would like to flush out any others who may also be interested although their offer - though lowball - is all cash which carries a large amount of weight. IMHO it's nowhere near game over yet!
stuart37
23/7/2017
08:28
I am also concerned somewhat that the company hasnt rejected the offer outright and advised shareholders not to take any action.All too smelly imo.

If my gut feel is correct then the next trading update is likely to be quite downbeat to justify the price tag of 590p.

PS.Hope FMR,who hold 10%,reject the offer.

nurdin
23/7/2017
08:15
Initial approach made in MayNo announcement to marketShorts have time to make orderly exitShorts closedOffer announced to market mid JulyCollusion??Insider knowledge??This so dodgy from many angles??
jozo
23/7/2017
07:01
Hi Bone Apart, where in the Sunday Times please? Unless I am missing it, it is not in the main section, or Business &a Money. Thanks
lomax99
23/7/2017
00:11
One wonders why THE OLD MUTUAL who has about 10.3% of PAYS stock has signed a nonbinding letter of support for the offer at this price? seems a strange action to take especially ad Barclays have indicated a much higher price.
malcolmmm
22/7/2017
23:51
Good summary by (Sunday) Times. It's just "wait and see" time for us.
Personnaly, IMO the sighting shot should end up on a far higher premium/multiple than
the spurious speculative 34% quoted. Real 34% on next year's anticipated results & recent share price recovery should nearer 1000p than 590p.

JL's crafty defence? GET A NASDAQ QUOTE!

bone apart
22/7/2017
22:57
"Krill" the times as knowledgeable as ever!
eh9
22/7/2017
21:44
https://www.thetimes.co.uk/article/untold-story-of-top-pay-at-bbc-gt268m2w0?shareToken=12019772124bc9d828f6115a26ab54e2Link referred to, scroll down.
lomax99
22/7/2017
19:50
CVC and Blackstone have until Aug. 18 to make a formal offer. Lazard are lead advisors to Paysafe, while Credit Suisse is working with CVC.
Old Mutual on Board

Paysafe said that after turning down a number of indicative proposals, it had granted the bidders due diligence access on the basis of the 590 pence per share proposal.

The deal is conditional on the buyers being able to sell off Paysafe's Asia Gateway business, with a buyer already lined up, although no further details were given.

A source with knowledge of the situation said Blackstone and CVC's experience of a partnership in British group Merlin Entertainments (MERL.L) made them a good fit.

And a source familiar with CVC's thinking said that Paysafe was potentially a good buy given its current valuation and the consortium's ability to add further value.

UBS analyst David Mulholland said the deal value implied a valuation of 14 times Paysafe's estimated 2018 price-to-earnings ratio and 10.4 times enterprise value to earnings before interest, tax, depreciation and amortisation.
Old Mutual Global Investors, Paysafe's largest shareholder with a stake of about 10.3 percent in the group, has signed a non-binding letter of support for the possible offer.
Paysafe said its deal for Delta Card Service Inc, the holding company for Houston-based Merchants' Choice Payment Solutions ("MCPS"), will see Paysafe add around 60,000 clients across 50 states and over $14 billion in sales volume annually.

The cash deal will be part-funded by $380 million in bank loans and $90 million from existing cash funds, it added.

"We would initially highlight that on first impressions the acquisition appears to make sense, (but) is not a particularly high multiple in the context of payments," UBS's Mulholland said in a note to clients, flagging a 'buy' rating.

malcolmmm
22/7/2017
19:37
Re Joel being ' lined up'It's in today's London times- as the second part of a piece that is headlined on the BBC salary disclosures
nfs
22/7/2017
19:09
We are being robbed here with this offer..

I don't think it will go through though because see above...

So the approach was 2 months ago. Shouldn't the market have been informed then? Holding off till the acquisition, which in itself would have sent the share price to £6.

kuss1
22/7/2017
17:39
No such article. Pure lies
moonboots222
22/7/2017
16:56
Posted on another forum, source allegedly from the London Times. Couldn't find a link.
lomax99
22/7/2017
16:37
Where is that speculation re joel. Where is that link.
eh9
22/7/2017
15:07
That's a worry then... We need a white Knight!
zcaprd7
22/7/2017
14:14
Seen speculation elsewhere that CVC, et al are lining up Joel Leonoff to head up their ongoing consolidation play for them.
lomax99
22/7/2017
13:43
Or more simply, Joel has to not just say that he wants a 10bill valuation, but prove how he is going to get one.
ralphmalph
22/7/2017
13:42
@Nurdin - It could be that they had to make an announcement of the bid interest to announce the deal to buy the American firm.

If the BoD think the offer should be rejected then they need to put up a defence. Usually this consists of putting a decent plan together with solid figures of what the next 3 to 5 years should deliver. Note in trading statements they do not do this they indicate a growth rate and the analysts at the brokers then do their own calcs. They can announce they will sell the asian gateway, that they will do other costs reductions, revenue enhancement programs, pay of debt early, etc.
but the end result must be that they convince the city that waiting for a period of say three years that the shares will be worth significantly more than the bid price. With how the share price has been performing of late should not be difficult. 3 to 6 months should have seen the bid price hit.

ralphmalph
22/7/2017
11:12
Then why not say so?
nurdin
22/7/2017
10:40
Why else would the bod publish the acquisition same day as the bid if it did not believe the bid to be true value for paysafe....
eh9
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