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SCH Safecharge International Group Limited

435.00
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Safecharge International Group Limited LSE:SCH London Ordinary Share GG00BYMK4250 ORD USD0.0001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 435.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 435.00 GBX

Safecharge (SCH) Latest News

Real-Time news about Safecharge International Group Limited (London Stock Exchange): 0 recent articles

Safecharge (SCH) Discussions and Chat

Safecharge Forums and Chat

Date Time Title Posts
19/8/201908:44Safecharge 1,836
02/7/200417:26ADVFN’s Schools’ Challenge8
10/1/200316:32David Schwartz10

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Safecharge (SCH) Top Chat Posts

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Posted at 19/8/2019 08:44 by rivaldo
Proceeds now safely received - I got 459.12p per share! A terrific surplus over the original bid.
Posted at 23/7/2019 14:32 by monions01
Hi, I've sold my holding today as it appears Sterling may well get stronger in the next few days before the scheme becomes effective.

However, just for clarity, I cannot find any reference in the original document saying that £4.36 was the maximum amount. Can you paste the relevant section here, so I can see if I missed anything?

The section I am looking at is:
===
A currency exchange facility will be made available under which Scheme Shareholders will be able to elect (subject to the terms and conditions of the facility) to receive their Cash Consideration in Sterling (after the deduction of any transaction or dealing costs associated with the conversion) at the applicable US$/GBP prevailing rate of exchange on a relevant day (still to be determined) following the Acquisition becoming Effective and shortly before SafeCharge Shareholders are paid the Cash Consideration owing to them. Further details of this currency exchange facility, and of how Scheme Shareholders wishing to receive their Cash Consideration in Sterling may elect to do so, will be set out in the Scheme Document and the Form of Election. For any Scheme Shareholder electing to be paid in Sterling the amount per SafeCharge Share received may, depending on the prevailing exchange rate, result in payment below or above GBP4.36 per SafeCharge Share based on the Announcement Exchange Rate. Scheme Shareholders who do not return a Form of Election according to the instructions to be set out in the Scheme Document will be deemed to have made an election to receive the consideration in US dollars.
===
Posted at 22/7/2019 13:12 by monions01
Longwell - that's not what the offer stated in the original RNS. As Rivaldo said on the 3rd July - the offer price is $5.55, it is based in USD. The Pound version of this will float around based on the USD Exchange rate until finally fixed around 31st July as that is when the scheme comes into effect.
Posted at 22/7/2019 11:01 by monions01
Longwell - as far as I can see the bid price is still slightly below the offer price. What the actual price will be at the end of July all depends on the USD rate. Currently this would be ~ £4.44 based on today's rate of $1.25. This could go anywhere in the next few days as the new PM takes over and more/less Brexit uncertainty takes hold.

To be fair, it would need to drop to $1.23 to make any real difference, so selling now could be a good way to reduce risk and move on.
Posted at 01/6/2019 09:51 by amunro
Share price has risen to price of offer; whats going to happen next? Hold or sell?
Posted at 22/5/2019 10:51 by andygibb101
Can anyone clarify the dividend payment:

From the RNS:

"In addition, SafeCharge Shareholders shall remain entitled to receive the previously announced final dividend of 7.22 pence (payable in Sterling and equivalent to $0.0945 based on a GBP/USD exchange rate of $1.3085 to GBP1, being an exchange rate set by SafeCharge on 12 March 2019) per SafeCharge Share (subject to shareholder approval at the annual general meeting of SafeCharge to be held today) payable on 24 May 2019. However, the price of $5.55 for each SafeCharge Share shall be reduced to the extent that this final dividend exceeds 7.22 pence per SafeCharge Share. SafeCharge does not intend to pay any further dividends prior to the Effective Date."

The take over price is 436 pence and dividend is 7.22 pence. Does this mean we will get the 7.22 p dividend then 436 pence per share? Or is the price reduced to account for the dividend payment?

TIA.
Posted at 22/5/2019 09:34 by epicsurf
(LSE: SCH) has a new RNS.

"We are very excited about the combination of SafeCharge and Nuvei, which will create a truly global, leading, payments technology solution provider with significant scale. Our businesses are highly complementary from multiple perspectives including geography, technology, key verticals and customers. We think the technology platform SafeCharge has developed is exceptional and will serve as the go-forward foundation from which we will continue to grow the combined business and provide best-in-class products and services to our customers and partners. Lastly, we look forward to welcoming SafeCharge's highly experienced management team and employees to the Nuvei family."

-- It is expected that the Scheme Document, containing further information about the Acquisition and notices of the Scheme Court Meeting and the General Meeting, together with Forms of Proxy, will be posted to SafeCharge Shareholders and (for information only) to persons with information rights and to participants in the SafeCharge Share Plans in June 2019 and in any event (save with the consent of the Panel) within 28 days from the date of this Announcement.

-- It is expected that the Scheme Court Meeting and the General Meeting will take place in July 2019. Subject to the satisfaction or waiver of all relevant conditions, including the Conditions, and certain further terms set out in Appendix I to this Announcement and to be set out in the Scheme Document, it is expected that the Scheme will become Effective in the third quarter of 2019. An expected timetable of principal events will be included in the Scheme Document.

-- This summary should be read in conjunction with, and is subject to, the full text of this Announcement including the Appendices. The Acquisition will be subject to the Conditions and the further terms set out in Appendix I to this Announcement and to the full terms and conditions to be set out in the Scheme Document. Appendix II to this Announcement contains the sources and bases of certain information contained in this summary and this Announcement. Appendix III contains certain details of the irrevocable undertakings referred to in this Announcement. Appendix IV contains the definitions of certain terms used in this summary and this Announcement.

Enquiries:
Posted at 03/5/2019 12:10 by blueflex2
Agree. Good post from Rivaldo. SCH look too cheap compared to peers. What is your view on SCH share price should be ? @TrentNewBoy and @Rivaldo
Posted at 03/5/2019 09:08 by rivaldo
Checkout's $2 billion valuation certainly merits comparison with SCH's.....

Checkout's turnover: $46m, SCH's turnover: $138m
Checkout's PBT: $6.7m, SCH's PBT: $27.2m
Checkout's m/cap: $2 billion, SCH's m/cap: $637m (incl $93m cash)

SCH's turnover and PBT are 3/4 times that of Checkout's, but the valuation is just a third of Checkout's.....

"A little-known European startup with no history of raising money from outsiders is riding investor euphoria for the payments sector into the billion-dollar club.

Checkout Ltd., a digital-payments processor based in London, recently raised $230 million from investment firms including Yuri Milner's DST Global, Insight Venture Partners and Singaporean sovereign-wealth fund GIC Private Ltd., the company said on Thursday. The fundraising round, Checkout's first, values the company at nearly $2 billion, according to people familiar with the matter.

Launched in 2012 by Chief Executive Guillaume Pousaz, Checkout helps retailers accept credit cards and other payment types for their online stores in the U.S., Europe, Middle East and parts of Asia. Its European business generated $46.8 million in gross revenue and $6.7 million in profit in 2017, the most recent year its accounting statements were available on British registrar Companies House.

The startup competes with other in-demand payments companies like Stripe Inc., which was valued at more than $22 billion earlier this year, and Adyen NV, whose stock price has nearly tripled from its June 2018 debut. Checkout's customers include established merchants including Samsung Electronics Co. and Adidas AG as well as high-growth tech firms like Deliveroo."
Posted at 24/4/2019 11:37 by dr know
Could be a read across from the $1bn that Softbank is investing in Wirecard that was announced this morning which caused an 8% rise in Wirecard's share price.

An 8% rise in SCH's share price would be very welcome.
Safecharge share price data is direct from the London Stock Exchange

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