Paysafe Share Discussion Threads

[bolstaf] 03/8/2017 19:57

hey ho sorry about that not a bus driver just new to the format.

[oohrogerpalmer] 03/8/2017 19:52

Bolstaf,
Are you a bus driver by any chance.
You wait long enough for one then 3 come along at once!!!!

[nurdin] 03/8/2017 19:45

Perhaps you might like to delete the repeats?

[bolstaf] 03/8/2017 19:34

My first post as i'v enjoyed being a spectator up to now.firstly may i say thankyou to EH9 and Wolfhound 1 for some very infomative posts and they have certainly incouraged me to add on a regular basis.AT the moment all the posts are talking about and figure that we all think the shares should go for or the share price that we hope for??There are many obvious reasons to hold this share but one of my top reasons has been my confidence in Joel and his ambition for growth ,I've certainly had a price in my head for the day its worth 10 billion..its worth mentioning i hold these in my sipp and whilst I could draw now i dont plan to for a few years. sorry i digress. My point is how many readers of this thread feel like me and would like no buyout to happen and be still holding these when they are say £15 as it feels to me we wouldnt have so very long to wait???Sorry to gatecrash but have been wondering how many folks feel the same as i truly would be gutted for these to go cheap as they are my biggest holding and i'm my confidence in the BOD to achieve is high. GLA for whatever all your goals are but mine are that Joel is playing a clever game and that very soon we are at £8.50 leading to £15 in the not to distant future.PS Given that Joel has only ever wanted the grow this outfit into something very big why would he want this bid to succeed ? I for one think its the last thing on his mind.

[bolstaf] 03/8/2017 19:34

My first post as i'v enjoyed being a spectator up to now.firstly may i say thankyou to EH9 and Wolfhound 1 for some very infomative posts and they have certainly incouraged me to add on a regular basis.AT the moment all the posts are talking about and figure that we all think the shares should go for or the share price that we hope for??There are many obvious reasons to hold this share but one of my top reasons has been my confidence in Joel and his ambition for growth ,I've certainly had a price in my head for the day its worth 10 billion..its worth mentioning i hold these in my sipp and whilst I could draw now i dont plan to for a few years. sorry i digress. My point is how many readers of this thread feel like me and would like no buyout to happen and be still holding these when they are say £15 as it feels to me we wouldnt have so very long to wait???Sorry to gatecrash but have been wondering how many folks feel the same as i truly would be gutted for these to go cheap as they are my biggest holding and i'm my confidence in the BOD to achieve is high. GLA for whatever all your goals are but mine are that Joel is playing a clever game and that very soon we are at £8.50 leading to £15 in the not to distant future.PS Given that Joel has only ever wanted the grow this outfit into something very big why would he want this bid to succeed ? I for one think its the last thing on his mind.

[bolstaf] 03/8/2017 19:33

My first post as i'v enjoyed being a spectator up to now.firstly may i say thankyou to EH9 and Wolfhound 1 for some very infomative posts and they have certainly incouraged me to add on a regular basis.AT the moment all the posts are talking about and figure that we all think the shares should go for or the share price that we hope for??There are many obvious reasons to hold this share but one of my top reasons has been my confidence in Joel and his ambition for growth ,I've certainly had a price in my head for the day its worth 10 billion..its worth mentioning i hold these in my sipp and whilst I could draw now i dont plan to for a few years. sorry i digress. My point is how many readers of this thread feel like me and would like no buyout to happen and be still holding these when they are say £15 as it feels to me we wouldnt have so very long to wait???Sorry to gatecrash but have been wondering how many folks feel the same as i truly would be gutted for these to go cheap as they are my biggest holding and i'm my confidence in the BOD to achieve is high. GLA for whatever all your goals are but mine are that Joel is playing a clever game and that very soon we are at £8.50 leading to £15 in the not to distant future.PS Given that Joel has only ever wanted the grow this outfit into something very big why would he want this bid to succeed ? I for one think its the last thing on his mind.

[eh9] 03/8/2017 18:47

Half way beetween £7 and £8.5 is my predicted take out offer. Note shareholders ganging up against Vantiv's poor premium for Wordpay

hxxp://news.sky.com/story/14tn-investor-body-wades-into-worldpay-merger-with-us-rival-10972077

[wolfhound1] 03/8/2017 17:52

Barclays target share price was increased to 700p due to US acqn.

The Barclays target share price before the announcement was 630p relative to an actual share price of 540p. All of that was before taking into account a bid premium in acqn.- typically add 30% on top for all bids to those prices.

* Barclays had 630p + say a 30% bid prem before US acq reflective of worldpay bid and higher PE multiple on a bid.
* Barclays have 700p+ a 30% bid prem incl us acqn
* Barclays have 850 + s 30% bid prem incl us + asian sale

All of the above begins to reflect a PE of nearer to 25+ which is far more reflective of where realistic deal needs to be struck in this market IMHO

[libertine] 03/8/2017 17:08

EH9

``based on the US acquisition boosting 2018 EARNINGS by 11 per cent.``

[paul baker] 03/8/2017 16:22

Would that be 11% from the share price at the time of first offer, or from highest share price before acceptance of any offer? Just a thought...

[eh9] 03/8/2017 15:59

Paysafe also announced a $470m cash acquisition of Merchants' Choice, a US in-store payment vendor. "Investors have been waiting for the divestment of the Asian Gateway and details on M&A - the details released today suggest that management has delivered on this but that private equity is now trying to get all the upside," said Barclays, which raised its target to 700p, based on the US acquisition boosting 2018 earnings by 11 per cent. A successful sale of the Asian Gateway business would lift the potential upside to 850p, Barclays added.

[wolfhound1] 03/8/2017 15:58

I thought Barclays had 700p+ due to mcsr deal in US ?

[eh9] 03/8/2017 13:41

It should run up to 655p anyway to adjust offer for the USA acquisition

[lomax99] 03/8/2017 13:33

Would expect this to have a run up to the results.... (probably starting late Monday afternoon!)

[wolfhound1] 03/8/2017 12:59

My pref for the 8th:

Yoy trading +30%
Asian gateway sale agreed at a premium
Re rating to 850p+ by analysts

....ball back in your court cvc & bs

.......new bidders at 950p

[eh9] 03/8/2017 12:26

To have any chance of success would need a significantly raises agreed offer on results day

[wolfhound1] 03/8/2017 12:15

Lomax99- you highlight important point -75% acceptance is key to consortium plan. Even if they have all ii's on board they are short of 51% - so they have a long way to go and will need to significantly improve offer...that is why they are trying to buy up shares in excess of 590p between now and 18th... and trying to do it without propelling the share price ...pi's need to be wise to that

Positive trading update on 8th and their job will become alot harder !!!!

[lomax99] 03/8/2017 10:26

I thought ii's & Management holdings were short of the 75% threshold. If any increased bid is still derisory (< £9), then I hope Wirecard/Alipay, JP Chase & Global Payments M&A teams are all working overtime ATM to get us into Wolfhound's £10 - £12, PE 25 - 30 range (which would still not factor in anything for a liberalisation of US OLG).

[high park] 03/8/2017 10:18

Investment group Old Mutual topped the London stock market in Wednesday trade, up by 2.8%.
All on the back of PAYS, I'm sure.

[eh9] 03/8/2017 09:48

I suspect the bidders know that and that is the plan although maybe Joel is actually bold enough to already be in those discussions

[eh9] 03/8/2017 09:45

If the agreed deal started with a 7 I suspect shareholders would be happy. I cannot see the aggressive bidders not reacting to the increased valuation case due to the USA acquisition and presumably strong h1 trading in order to avoid losing their target. The real game changer for the value imo is to do a wallet deal with a large USA brand so they can compete with alipay

[mip55] 03/8/2017 09:39

A board agreed offer on the trading update day, when there's still ten days for other parties to run their slide rules over the company? If so the board could be rightly accused of failing in their fiduciary duties. We'll see.

[pmwright77] 03/8/2017 09:25

I am hoping that 08 August will bring more clarity to where this is all heading. JL will have to make a statement on the company's performance and future, and maybe answer questions on where the board stand on a potential takeover.

Until then, unless an actual bid comes in, £5.90 seems to be a floor and anything above is ignoring the the derisory possible offer and feel value will out either continuing as we are or a much higher offer from CVC or some other party.

[rhubarbcrumble] 03/8/2017 08:47

Thank you Iomax99.