Safecharge Share Discussion Threads

[dennislevine] 18/1/2017 14:39

Looks like a company without a coherent strategy.. if they have one they appear unable to communicate it to the market.

Just re-read the last few updates - another minority investment (not disclosed what it cost so assume it is immaterial) rather than a 'proper' acquisition and something unspecific about opening an office in Singapore (no explanation as to how this fits into the overall strategy).

All seems a bit clueless.

[johnv] 18/1/2017 14:03

£13m debt...

[johnv] 18/1/2017 14:02

At the moment we are a £299m company with approx £119m cash (before nayax payment) and £13 debt. I am sure someone will want us.

[rivaldo] 18/1/2017 12:43

...or it could just be a selling shareholder.

JP Morgan took 5 months to sell 4.3m shares between Feb-June 2016, when they went down to 5.69m shares. I wonder if the last chunks of their holding are now finally being sold off (obviously now being below 3% they don't have to declare anything)?

[slipperysidewinder] 18/1/2017 09:17

This is just not good enough. Makes you think bad news awaits.

[slipperysidewinder] 17/1/2017 19:42

I read it over and over again. Bare un mind we are in a new year now and those figures are now historic.

The board need to up their game and deliver on the promises made at the time or the float. Not only did they imply they would go on a shopping spree, they said they would probably tap investors for even more money because they envisioned something rather substantial.

This vision is now becoming laughable.

[crazycoops] 17/1/2017 15:49

Did you read the Dec trading update slippy? Trading should be in line and there is a strategy for steady growth. I agree though, something needs to be done with the cash pile, either return to shareholders or become acquisitive (or both).

[whentobuy] 17/1/2017 07:54

Over £2.9m was sold down yesterday at 206p. This does not look like profit taking. Does anyone have any idea why you would sell out now?

[dennislevine] 16/1/2017 19:21

Can only conclude that the majority shareholder does not want them to undertake any meaningful M&A deals for whatever reason(s) - it cannot take that long to find some interesting companies / platforms to acquire; if the company cannot find any targets they should hire an adviser / investment bank to go and find some for them.

Other players in the online payments sector continue to be active & acquisitive.

[slipperysidewinder] 16/1/2017 16:05

When it comes to acquisitions and strategic investments, the board have been a total disaster.

They are ftightened of their own ahadow.

[dennislevine] 16/1/2017 14:03

Company needs to start spending the cash pile on some decent M&A transactions - been a while since the IPO with almost no progress on that front. If not they should hand excess cash back to shareholders and sell themselves to a larger player.

[trentendboy] 16/1/2017 10:06

With PAYS back on the up one would hope that SCH would get going on the corporate action

[slipperysidewinder] 15/1/2017 10:36

If this is true it can only be positive for Safecharge.....

[slipperysidewinder] 29/12/2016 16:06

A few decent new investments here of late. Good luck all.

[slipperysidewinder] 29/12/2016 16:06

A few decent new investments here of late. Good luck all.

[lonrho] 29/12/2016 12:35

yes rivaldo that was me I was hoping to pay a little less.

[rivaldo] 29/12/2016 11:58

Nice £41,000 buy at 206.6p just reported - good to see the buying price going up.

[igoe104] 29/12/2016 08:41

Yep I`ve just received a decent Divi of £1140, and just purchased at £2,054 as well, this morning

I have invested just under 19k into these, now.

[wednesday6] 29/12/2016 07:44

Yesterdays £2.054 trades were indeed buys. One was mine gla

[mymillie] 29/12/2016 07:41

Trades yesterday at 205.42 were buys.

[rivaldo] 28/12/2016 23:23

The total traded for the day was only 56k shares, i.e around £120k, so peanuts really. And judging by Eastbourne1982's post a number of those trades were actually Buys.

Agreed re the upside here igoe - and similarly re INSE too :o))

[capricious71] 28/12/2016 23:06

Just going from HL's site, it was a lot more than £40,000 sold today and some big trades for PIs.

I'll keep my eye on this share. I think it'll drift further downwards yet.