Safecharge Share Discussion Threads

[nod] 13/7/2017 11:37

PTEC never owned or sold Safecharge. When Sagi floated PTEC he had previously hived off several niche business units as service providers which he kept ownership of. This was not understood by PTEC investors in the early years after IPO. When they realised this once Sagi started to sell these businesses to PTEC at extortionate but agreed prices, investors were furious but could do nothing as Sagi was in control of PTEC. He bought what he wanted and at the maximum price he could get away with. This kept me out of PTEC for years and most institutional investors.Sagi takes millions out of each of his AIM floats above and beyond the small percentage he sells on AIM. He makes his money by deceiving early investors as to what they hold. Don't be an early investor unless you are buying at a huge discount.

[trentendboy] 13/7/2017 10:15

Tedi has bigger fish to fry in Camden. He is selling down PTEC to institutions so I suspect SCH are safe from being taken private and they are not cheap enough.

I always wonder why PTEC don't buy them back but I can see the considerable benefits of them being kept separate so SCH can get a wider customer base.

GVC sold off their cash processing arm they got from BWIN for example.

SCH is news driven - a good deal will send them a lot higher

[nod] 13/7/2017 10:10

TEB, at the IPO, JPMorgan Asset Management (UK) Ltd. will own 6.25% of SafeCharge, and Henderson Global Investors will own 5%. I guess they got their stakes at below IPO price.Unless they have reduced, they each own a bit more now, making the free float around 10% at max. This creates some volatility in the share price for traders but not long term investment security.Sagi has just demonstrated his ruthlessness with Market Tech where he bought the 29% he didn't own to take it private again. He bought shares back at a lower price than IPO and in between raised millions in 2015 we'll above ipo.

[trentendboy] 13/7/2017 07:43

So the bought back shares were cancelled.The 68 percent is never great but the reduced free float is why this really rises quick when there is good demandIdeally this number will come down hopefully though a sale to other institutionsMeans a TO needs buy in from northern starThis is really a PTEC company in disguise

[nod] 13/7/2017 00:12

TEB, i keep an eye on these but would avoid an AIM company that is 68% owned by a BVI company. The shares in free float is limited and these two factors will put off many investors. Very similar to PTEC in its early years when it went sideways for years until Sagi began to reduce his holding. That said, a trader could make money on the ups and downs. A bit of a risk though as Sagi could take it private at a low point.

[rivaldo] 12/7/2017 22:59

TEB, NorthernStar's holding is completely unchanged at 100m shares.

But because SCH bought back 1,500,000 shares, thus reducing the number of shares in issue, NorthernStar's holding went above 68% and so they had to disclose as such and SCH had to announce today.

[trentendboy] 12/7/2017 22:43

So what happened today? 68% threshold????Up or down? Clearly a massive holding.

[rivaldo] 12/7/2017 08:23

Here's a new 18 minute video interview with the legendary Gervais Williams, in which he talks about investing in the best smaller companies.

He only tips/mentions 3 companies from memory, and one of them is SCH, around 13 minutes in:



Some choice quotes:
"around $120m cash"
"a terrifically robust business"
"growing very nicely"
"incredibly strong balance sheet"
"can take advantage of the weakness of others". i.e undertake acquisitions given its cash pile

[trentendboy] 11/7/2017 12:15

Good performance in a falling market.

Should pop higher - the £3 mark cannot be that far away now

[rivaldo] 11/7/2017 11:57

There's currently stock available to buy at the 276p mid-price - all the recent
trades at that price are buys. Not sure how long it'll last.

[trentendboy] 11/7/2017 09:04

It is a good use of money, they get the dividend also. Also, boosting the share price can help them on the acquisition trail. I suspect they are looking now at who to buy (if they can avoid be taken out themselves)

[johnv] 11/7/2017 08:42

Chances are SCH most probably bought all of that sellers leftover shares. Feed up with the constant drip of selling.

[rivaldo] 11/7/2017 08:17

SCH can use these shares to satisfy existing/future options etc or cancel them at a later date.

The overriding point is that they evidently believe buybacks at this price are an extremely advantageous way of utilising a part of their £100m or so cash pile.

[joeall] 11/7/2017 08:00

The difference is SCH put theirs in treasury PAYS cancelled theirs,I think,.

[igoe104] 11/7/2017 07:57

Should find out who the silly seller is ?

Why would anyone sell these, must be desperate for cash.

[trentendboy] 11/7/2017 07:53

When PAYS did the same it moved up significantly in the following monthsA good move.Anyone got the percentage of shorts on SCH? Might be an anti short move

[rivaldo] 11/7/2017 07:30

Wow - £4m of shares bought back by the company at 270p yesterday.

Both a gesture of confidence that the share price is cheap and a nice clearance of stock from the market:

[bamboo2] 11/7/2017 07:27

SafeCharge International Group Ltd

11 July 2017

SafeCharge International Group Limited

("SafeCharge" or the "Company")

Purchase of own shares

SafeCharge (AIM: SCH), a leader in advanced payment technologies, announces that on 10 July 2017, it purchased for treasury 1,500,000 ordinary shares of US$0.0001 in the Company ("Ordinary Shares") at price of 270 pence per share.

As a result, at today's date, the Company holds 5,290,848 Ordinary Shares in treasury. The total number of voting rights in the Company is therefore 146,690,324

[trentendboy] 10/7/2017 19:47

I suspect that is a good call. Buy limits .... remember this really jumps when buying pressure rises

[johnv] 10/7/2017 15:38

Must be running out of shares, max I could buy was 1500

[rivaldo] 10/7/2017 15:13

A tick up :o))

All buys now, with the buying price moving up to 272p. And there's been no 5k sales since the early morning.

I don't want to speak too soon, but perhaps the seller is out of stock and the signal to move up properly has arrived.

[shauney2] 10/7/2017 09:26

As rivaldo said last week the 5k seller is there this morning.

[fizzypop] 10/7/2017 08:59

Liftoff and a good start to the week.

[trentendboy] 07/7/2017 16:23

Does not take much volume to shift this if buying pressure continued