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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Wameja Limited | WJA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.90 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.90 | 7.90 |
| Top Posts |
|---|
Posted at 06/7/2021 14:26 by alphafund it's under their announcements - scheme of arrangement.John, what is the IER? more importantly will it mean more than 8p return to bolster my anaemic (now annual) returns! |
Posted at 30/4/2021 13:26 by johnv The last starement said that If MC agree to takeover WJA on or before 24th may, the date will be extended to 30th Sept. Does that mean it will be wrapped up and paid on 30th Sept or will we be paid out before? |
Posted at 10/4/2021 15:07 by kinbasket FFT, I agree. The idea that someone else would buy 35% of Homesend and be a junior partner to Mastercard is nonsense. With no control and a potential fundraising money pit you'd be completely tonto to even consider it.As you say MC can dilute Wameja easily if they want to. From here it's a question of how "honest" MC want to be. Are they going to play fair or will they go for the steal. WJA have zero cards to play and are a passenger on the bus. |
Posted at 10/4/2021 12:05 by fft Do you mean that MC could have sold to visa ? I don't think so ! Homesend is important to MC - but no matter how big it gets MC will control it's profitability and thus how big the dividend that WJA would receive. And, the bigger it gets the more working capital it will need which WJA can't supply so WJA get more and more diluted and less and less important (I don't think they have much say in what happens at the moment anyway). |
Posted at 10/4/2021 09:17 by fft I am not sure that WJA is in that strong a position.As I see it, MC could reduce the WJA value to a very low figure in 2 ways.1. Have large finance requirements. If WJA can't meet its share, then WJA will be diluted. The first dilution happened a couple of months ago.2. Turn homesend into a non profitable profit centre within MC. I.e. it makes losses every year. It doesn't need to buy WJA out, no dividends will ever be issued and no one will buy WJA stake because they have no control and little influence over what happens going forward. In the end, to stop being diluted to a low level and still having WJA company costs, WJA mgmt will be forced to sell for whatever MC want to pay. IMHO, WJA shareholders have very little upside from here. |
Posted at 09/4/2021 12:36 by dr biotech I just see this as a fairly standard timeline extension. Home send is worth c£120m to MC, WJA have virtually no expenditure, they could sell that stake to someone else. Boring waiting, but it’s a small holding for me. |
Posted at 01/4/2021 15:00 by cornishman33 I also have TRMR, but I don't see the connection with WJA. |
Posted at 19/3/2021 08:27 by smithless That's what Wameja management stated in its prelims as of 31 Dec 2020 announced 26 Feb 2021 and the language used in its recent updates hasn't changed ie no change from 31 Dec. Against Mastercard £97m offer for WJA, the potential claim by Seamless, whatever it is, is a pittance. If you go onto the IR website for Seamless, it has changed the software Botswana Telecoms used when it bought the client list off eservglobal to its own ERS 360 solution. Quote from Seamless CEO 30/9/2020 on the back of Botswana order. The order comes from one of the customers at eServGlobal and is a testament to the trust the customer has in us when they go from an older platform to our flagship product, ERS 360 °. The migration enables the operator to improve its operational performance," says Tommy Eriksson, CEO of SDS. I think Wameja is being mucked around, for what purpose i have no idea. |
Posted at 10/2/2021 11:44 by brumm1875 I was a long term holder of WJA until recently. My investment thesis was always that the end game was going to be a take over by MasterCard. With no credible alternative bidder, MasterCard played the waiting game and picked their time, when WJA was running out of money, to make a low ball offer at 8p. I had hoped of a take out price in double digit pence. Anyway, as soon as the legal issue surfaced, I decided to sell my holding and leave the last 10-15% to arbitrageurs. I still expect the deal to eventually go through at 8p but the waiting time is an opportunity cost. So many other shares to look at. Anyway, good luck to all shareholders. |
Posted at 05/2/2021 07:44 by graham1ty I thought from an earlier RNS that Mastercard had taken over dealing with this indemnity claim ? Bring a bit of financial clout to bear ? Do WJA still have the people to run with this ? I thought the office was almost empty, as WJA is really just a holding company.It will be eight months from announcement to completion, and a bit humiliating for Mastercard ? |
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