Paysafe Share Discussion Threads

[togglebrush] 28/9/2017 10:35

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Extract
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The £3bn takeover of Paysafe almost hit a major stumbling block today after a tense shareholder vote saw the deal narrowly get approval.
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Over 24pc of shareholders voted against the sale of the FTSE 250 company to a group of funds managed by private equity giants Blackstone and CVC, meaning the transaction only just hit its 75pc threshold to go ahead.

[edjge2] 28/9/2017 10:10

IQE recently bounced expect cpx to do the same thing after forming a W. PMs will offer massive special offer in due course. caml, ggp,TSX KG. TSX KL doing well.

[verger] 28/9/2017 09:48

If our PAYS experience has taught us anything we should be looking for exciting companies with good prospects that are being shorted and then to buy in before the bid comes. I like IQE.

[high park] 28/9/2017 08:27

You fancy XLM eh? riverside.

[slaccs] 28/9/2017 08:24

Well, the way everyone is selling out, Bidco are not going to have to pay GBP 5.90 for PAYS. Although I have more than half my SIPP in PAYS, I want my 5.90 and if I have to wait until April to get it then I will. Haven't heard BGO being mentioned much but it's well worth a look with very good growth in ENS.

[cg8riverside] 27/9/2017 21:06

Personally it's been a great year so far. My 2 conviction holdings for 2017 were PAYS & XLM so you can guess what I'm about to say! Check out my summary notes from the latest investor presentation on the XLM THREAD POSTS 5658 to 5661 for further insight. Note the juicy never ending cash pile, growing healthy dividends and endless earnings enhancing aquistions. Also for reassurance there are ZERO SHORT POSITIONS IN PLAY, a very high free float, a narrow spread, healthy daily volumes and a beautiful well established rising trend channel just waiting for you to hop on board. I've been averaging up the whole way and bought my most recent tranche post results at 145.6. The escalator awaits....

[seans66] 27/9/2017 20:23

I am totally out now, taken a small initial position in XLM. Annoyingly I first bought into XLM in the mid 40s but sold out way too soon.My 2 biggest stocks & hopefully next successes are ARS & SEE. Also now thanks to pays, I have a decent & unusual cash pile. Here's hoping for a October market correction!!

[nurdin] 27/9/2017 20:16

Seeing that we are pushing our own fav stocks here,may I suggest you guys look at Taptica (TAP)? The only reason why it is trading at a low PE compared to its earnings growth rate is that it is an Israeli company.Alarm bells maybe but I have found nothing in my research on the company to concern me...have a look.

[trentendboy] 27/9/2017 20:01

Staying put. Will just for the money to appear in the account. A heck of a lot of it to ??

[pshevlin] 27/9/2017 17:10

I'm out apart from 1k. Sitting on cash is a bit of a novelty. Already burning a hole in my pocket.

[high park] 27/9/2017 17:06

A lot of people have decided to sell. 4.3mill against 347,000.

[boadicea] 27/9/2017 16:12

I'll give it a week or two to see what crawls out of the woodwork. People here seem in rather a hurry.
On such a slim margin there is a realistic chance that a complaint of improperly cast votes (e.g. nominees or trustees without valid authority) and the whole thing could get thrown out. Where does it go then? That will all depend on an aggrieved party being able and willing to point the finger.
As regards cash now, there is sufficient chance of a significant market setback within the next few months, imo, to make me feel that sitting on or waiting for a wad of cash is a reasonable prospect rather than rushing to reinvest it all in a hurry.

[johnv] 27/9/2017 13:47

Sold out, dont want to be stuck waiting for the cash for a long time.

[dragonsteeth] 27/9/2017 13:32

Thats's me out too after holding for many years from the Opay days. I have few individual shares these days, mainly Its/Funds ,and haven't posted here for probably a few years. Paysafe has been my largest individual holding for some time and probably my most profitable ever , I was hoping to hold on until they eventually paid a dividend but hey ho.
Thanks for the many excellent contributions over the years , and good luck all with your investments.

[bluebottle1] 27/9/2017 13:03

Ralph - thanks for checking out the possibility of another bid after the vote. I am concerned and sceptical about the lack of bids to date, so no more nasty suprises. Sold out this morning at 583.5p. Will check out NMC as well as others, cheers.

[superadams] 27/9/2017 11:47

Ralph- just bought my second tranche today.

[ralphmalph] 27/9/2017 11:33

PS chaps do not forget to look at NMC - profit growth forecasts are great for the next three years. I last tipped them here at 11 quid.

[ralphmalph] 27/9/2017 11:32

I have just checked the takeover code and can see no ability for another bid to come in for PAYS, it had to be done before the vote.
So I have accepted 583.5p for my shares on the basis that a bird in the hand is better than in the bush.

[waylander2] 27/9/2017 11:30

Mine as well, time to move on to pastures green!

[bluebottle1] 27/9/2017 11:13

Napoleon, my sentiment also!

[napoleon 14th] 27/9/2017 11:01

Sold mine.
On 4,000 shares I get £23,600 if I wait until D + ?whatever....
I've just taken £23,327 CASHED AND CLEARED.
Is it worth waiting two weeks for £273 or 1%? I can make that/lose that in a day.
Plus, I'm not 100% trusting in those who put this deal together & don't want to depend on their "generosity/integrity" to do things as planned. There's been enough skullduggery in PAYS to believe in nothing!!!

OUT is safer IMO.

[malcolmmm] 27/9/2017 10:36

I sold and have reinvested but perhaps phone PAYS and ask their advice.

phone [phone]
Contact Michelle Singleton (Vice President, Investor Relations)
Auditors KPMG Audit LLC

[oohrogerpalmer] 27/9/2017 10:14

If we knew definite date that would help a lot of people. Selling now would cost me around £1200 + 4 lots of dealing charges.
If I thought it was April before I got paid I would sell up now.

[pshevlin] 27/9/2017 09:50

So, if we sell now, make more cash and buy more back later we may get even more cash because of the added divi? Or doesn't it work like that? What about people who buy on effective date +1?

[polythene] 27/9/2017 09:44

Will I sell or not. I don't want to be waiting. Anyone? Anyone?...