Paysafe Share Discussion Threads

[lomax99] 24/7/2017 16:24

That is indeed imaginative of them, I wonder if they are busy working with 'The Consortium' on a number of projects.....

[mip55] 24/7/2017 16:16

Some real thought gone into this......Macquarie today reaffirms its neutral investment rating on Paysafe Group Plc (LSE:PAYS) and raised its price target to 590p (from 480p).

[wolfhound1] 24/7/2017 16:16

Any UK company law experts on the BB ?

The reason I ask is that there is something back in the grey matter that tells me there could be obstacles for the consortium- from memory whilst 51% gives them a majority they need greater than 75% and sometimes 90% in order to force through many of their changes i.e. divestment of Asian gateway , de-list from the market etc.... they will need considerable pi support also

me thinks they will need to sweeten the pot considerable to gain over 90% to be able to do all those things and get rid of minority interests.

anyone have a more informed view ?

[eh9] 24/7/2017 16:09

What % vote in favour is required. I was looking for paysafe's articles or straightforward company law to tell me. Presumably must be 75%?

[malcolmmm] 24/7/2017 16:06

Perhaps then the institution's are playing a waiting game to flush out private investors on the cheap. Hopefully the share price will surge at some point

[ralphmalph] 24/7/2017 16:00

I have been perusing the rns from the institutions and there are disclosures of old positions that have to abide by the 1% takeover rule but there are also a decent amount of announcements saying that they have bought shares at around 5.80p. Not much of a return if they accept 5.90p offer. Especially as the TM Lewin 4 shirts for a ton is being stopped.

[ralphmalph] 24/7/2017 15:57

morningstar say 61% institutional owernship

hxxp://investors.morningstar.com/ownership/shareholders-overview.html?t=OPAY.GB&region=gbr&culture=en-US&ownerCountry=USA

[pshevlin] 24/7/2017 15:43

I can't see them all being in on a scam. Someone needs to start adding up the figures to see what proportion is (non Old Mutual) IIs and what PIs.

[smcmahon993993] 24/7/2017 15:28

With all of these funds taking positions, hopefully they'll all want a good premium on the 580 to make it worthwhile, hopefully they're fighting the battle for us...?

[the juggler] 24/7/2017 13:27

EH9 - Monetise - let's hope PAYS shareholders do the same!

[eh9] 24/7/2017 13:25

Monitise shareholders voting to turn down its takeover!

[pshevlin] 24/7/2017 12:44

As I have said previously I suspect that some manipulation is going on to keep the share price down ahead of the bid. It's only what we have come to expect for this share.

[eh9] 24/7/2017 12:31

Suspect Barclays will publish their report tomorrow which should be a huge boost to the bid defence / chances of a higher bid.

[smcmahon993993] 24/7/2017 12:19

Hang on in, worst case £5.90, best £8. Feels like very little risk here...

[polythene] 24/7/2017 12:18

I wonder is the fall off from the mooted offer price as a result of people not believing it will happen? I've seen sure-fire offers where the price stays indefinitely just under the offer price. It allows holders to flip them early and not wait for cash and the buyers to make a small guaranteed margin.

[pshevlin] 24/7/2017 11:52

Forcing all the IIs out of the woodwork. Now we can see who they are.

[eh9] 24/7/2017 11:22

Malcolm Barclays say 850p with Asian merchant sold 700p with it kept. See ft Friday night (quoted in my message Friday night)

[wolfhound1] 24/7/2017 11:05

Spot on snowman - with £60mn of shares in Pays I think JL would be of the view his interests are best served by getting the maximum share price for Pays and not by hitching his wagon to the promise of a possible payday from a PE firm ( same weight as a guarantee from a shark not to bite you IMHO).

You are correct if the board supported this bid they would most likely have held off on progressing the US acquisition.l- as someone already said it is a poison pill and a very smart one !!

This is only the opening salvo - we are in play and this won't get serious until we are over £8 offered IMHO

[malcolmmm] 24/7/2017 10:54

According to Barclays and others ,if they sell the risky Asian operation as required by the bid the share price will be worth 700p so why accept an offer of 590p? Could not JL just sell the Asian operation anyway to realise a share price of 700p and go from there?

[snowman19] 24/7/2017 10:42

If the takeover approach was made in May why would PAYS pursue their own takeover strategy? Why would JL bother buying something new if he was willing to sell a long way below his 10 billion target value? Surely he would see the terrible irony of that? There would be no taste in creating unnecessary added value for a potential buyer. If the consortium knew of PAYS plans to buy Merchants it surely makes a nonsense of their offer, the share price could be where it is now on PAYS American acquisition plans alone. Pending results, with the Merchants RNS were likely to push the share price over £6.00 on their own. The 2 Friday RNSs are unlikely to have pleased the consortium as PAYS takeover plans could only make their offer look weaker. Maybe it was the perfect way of showing PAYS negative reaction to £5.90. JL hasn't rejected the offer yet because no formal offer has been made, I think JLs aspiration, ego and obvious acquisition plans for the future suggest that he & the Board are in no mood to roll over. I won't be selling as I believe it's far from a done deal. DYOR & best of luck to all holders.

[slaccs] 24/7/2017 09:43

If JL and the B.O.D. were not behind the takeover, they would surely say so.

[malcolmmm] 24/7/2017 08:47

As I see it JL cannot realise the worth of his shares unless a TO is successful and he will most probably go on working for private equity until PAYS resurfaces in the future without its huge cash mountain no doubt.

[lomax99] 24/7/2017 08:40

Unless he is being promised a really juicy incentive behind the scenes, I very much doubt JL is best pleased with £5.90 a share!

[malcolmmm] 24/7/2017 08:37

PAYS make an acquisition which would probably have elevated the share price to 600p plus. On the same day private equity make a bid. Collusion? JL will make £58 million on the deal.