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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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??Insid | 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 | 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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