Paysafe Share Discussion Threads

[pshevlin] 27/7/2017 12:26

Question.why would anyone make a higher offer before 18 Aug.
Because they don't want any done deals before they get their fingers in the pie.

[wantage] 27/7/2017 12:22

Question.why would anyone make a higher offer before 18 Aug as it could trigger various counter offers? Won't any more bids/offers be left to final moments?

[ralphmalph] 27/7/2017 12:02

The lead adviser to PAYS is Lazards. In Varoufakis's book he said they sent a whole team over to help him get a good deal from the EU politburo.
Make your own mind up, personally I would prefer the giant squid on our side.

[wolfhound1] 27/7/2017 11:52

Thanks Nurdin, very kind of you but it is all pretty basic stuff I am pointing out there and these guys will no doubt have an army of advisors more capable than little old me - If you have the Chairman's email please feel free to cut and paste and send across - assuming of course he is not reading this board already - if not he should be :)

Although looks like market is about to push past the 590 price - so something is a foot

[nurdin] 27/7/2017 11:45

By the way wolfie..your post 9073...good stuff there.Perhaps you could consider sending the analysis to the Chairman?

[eh9] 27/7/2017 11:03

Barclays analyst must be talking to big investors hopefully!!

[aspex] 27/7/2017 10:37

pshelvin, my thoughts exactly.Someone wants on board

[pshevlin] 27/7/2017 10:31

Hello. Market getting a sniff that this offer is a no-goer.

[wolfhound1] 27/7/2017 10:31

Perhaps the market is getting a whiff of something in the air :)

[nurdin] 27/7/2017 10:29

Good see the share price approaching 590p...hope that is a harbinger of more exciting things to come.

[malcolmmm] 27/7/2017 09:50

SafeCharge looks like another bid candidate. Their share price seems to move in tandem to PAYS

[wolfhound1] 27/7/2017 09:49

Ah yes, good spot Pshevlin, thank for the correction

[pshevlin] 27/7/2017 09:44

Dont you mean 8th August Wolfy?

[wolfhound1] 27/7/2017 09:38

Things hotting up nicely ahead of H1 trading update (8th July) - 590p increasingly looking like "bait" to land a much higher offer IMHO - I think it will start to get interesting once we are at 800p+

[lomax99] 27/7/2017 08:48

The Wirecard numbers are indeed steamy, although I am not sure if that's quite like for like.

[eh9] 27/7/2017 08:46

Also PayPal baidu last night suggests could be considerable interest in paysafe's wallets

[ralphmalph] 27/7/2017 08:40

Wirecard EBITDA up 41% Revs up 36%.
The benchmarks are being set.

[pshevlin] 27/7/2017 08:34

Lets hope that has an effect on the share price I hate these periods when nothing is happening (at least nothing that we can see or hear about).

[eh9] 27/7/2017 07:47

Very strong wirecard results today. They must surely be running a ruler over paysafe. Great synergies eg in North America

[eh9] 27/7/2017 07:11

The chairman of paysafe is who you must complain to and quick

[callmebwana] 27/7/2017 00:11

Great informative posts again Guys.Thank you.

[ralphmalph] 26/7/2017 22:49

Paypal earnings out. Earnings growing at 26%. revs at 18.5% and transactions 23%.
Benchmark for Joel.

[malcolmmm] 26/7/2017 22:45

Perhaps we investors should start asking CVC some questions.
London
CVC Capital Partners Limited
111 Strand
London
WC2R 0AG
UK
Telephone:[phone]
Fax:[phone]

[wolfhound1] 26/7/2017 17:43

Why 590p is too low - the numbers !!!

The Consortium offer is $3.7bn including newest acqn MCPS for $470mn - so for the combined Skrill and PAYS business $3.2 bn. not to mention FANS and Access Income which have also been acquired since then.


Optimal payed CVC $1.2bn for SKrill in 2015 ( remember CVC had only bought Skrill 2 yrs earlier for $400m) -

At the time of the acquisition the combined business had a turnover of $697 - that is now closer to $ 1.2bn for 2017 ( assuming on 8th we continue with previous year growth trajectory) - we will know on the 8th how we are doing mid- year but I suspect we won't be far off that. Profitability and cashflow in the last two years have also grown exponentially and we are almost debt free.

So on that basis - lets do a sum of the parts two years on - firstly combined business is now almost twice as large and growing strongly - plus all of the integration work is done and development spend for future proofing the business ( so a multiple of at least 2.5 times where we were pre Skrill acqn). After all we are in a consolidating market and size and scale of PAYS is key !!

* Skrill = $1.2bn x 2.5 times - $3bn
* MCPS is worth the purchase price +premium - $0.5bn
* Optimal = $1.2bn x 2.5 times more - $3bn

So a FV for the business to capture the combined entity, improvements in sales and margin, execution of merging of the two business and re-positioning it is $6.5bn (£5bn) per share that is something in the region of £10.30

Board should point out the above basic math to the folks over at CVC - after all they would just be rehashing their model to them !!

[ralphmalph] 26/7/2017 17:30

The morningstar insitutional owners listing was updated on 31/5 and Blackrock are not listed then.