Worldpay Share Discussion Threads

[alphahunter] 06/9/2016 19:07

A placing, the same day as ING's PW, that's gutsy. And just before Net's own IPO by the same VCs, that's classy.

[alphahunter] 06/9/2016 09:37

Ingenico's and Verifone's PWs absorbed well by WPG.

[togglebrush] 09/8/2016 07:28

Interims out ... Dividends in brief
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Maiden interim dividend of 0.65p per share.
Register Date 16 September 2016
Paid 18 October 2016
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Accounting for Visa Europe
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Following the disposal of our share in Visa Europe on 21 June, we received £452.8m of cash
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A net pre-tax gain on disposal of £98.7m has been recognised in finance income in the Group’s income statement as a separately disclosed item. Tax on the above gain is £86.6m
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In calculating the dividend, the expected profit after tax for the full year has been adjusted to exclude the net gain on the disposal of our Visa Europe asset

[togglebrush] 07/8/2016 11:13

Interims are due on Tuesday 9th August and I see the Visa Europe disposal being a major factor, it was completed on 21st of June, 2016 !!!
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What will they do with the cash ???
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Special Dividend to return some money to shareholders ??? The lock up of placing by original Venture Capitalists was from 07/04/2016 and was for 90 days ... by my calculation that is 07/07/2016... which has past. I suspect Venture Capitalists would appreciate a special dividend before selling any more shares ???
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There are roughly 2,000 million Ordinary Shares in issue. With just the up-front cash which was roughly £500 million so a potential 25p a share special dividend. They also have Series B Preferred Stock in Visa Inc and could receive in the region of €283m in earn-out conditional upon etc
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Then there is also potential for a Maiden Interim dividend as well ???
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Reference
Proposed disposal of interest in Visa Europe
Annual report page 76
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On 2 November 2015, we announced the proposed disposal of our approximate 5.9% interest in Visa Europe to Visa Inc. The disposal, which is expected to complete in Q2 2016, is a result of Visa Inc.’s agreement to purchase 100% of Visa Europe, subject to the satisfaction of certain conditions.
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Under the terms of the disposal, Worldpay will receive a mixture of cash and noncash consideration currently estimated to be worth in aggregate up to €1.2bn. This is made up of up-front consideration of approximately €544m of cash and €375m of Series B Preferred Stock in Visa Inc. In addition, if the earn-out pays out in full, Worldpay could receive in the region of €283m in earn-out conditional upon achieving certain criteria relating to the incremental net revenue of Visa Europe during the earn-out period. .... etc

[longwell] 15/7/2016 08:39

bid coming in ?????????

[longwell] 12/7/2016 20:43

recovering well with the market, sector in focus, very cash generative, once debt payed will be good value

[longwell] 07/7/2016 08:39

bid coming in ?

[togglebrush] 07/7/2016 08:29

Financial Calendar
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Date______ Event subject
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09 Aug 2016 Half Year Results 2016
15 Sep 2016 Barclays European Payments and Fintech Conference, London
16 Nov 2016 Morgan Stanley Tech, Media and Telecom Conference, Barcelona
24 Nov 2016 Equita Payments Conference, Milan
28 Nov 2016 Credit Suisse Tech and Media Conference, Phoenix
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Placing by original Venture Capitalists was 07/04/2016 and any future placing was restricted for 90 days ... by my calculation that is 07/07/2016... NOW
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RNS extract 7 April 2016

“funds managed by Advent International Corporation (the "Advent Funds") and by Bain Capital LLC (the "Bain Capital Funds"), announces that it has sold an aggregate of 275 million ordinary shares …at a price of 269 pence per share .. raising aggregate gross sale proceeds of approximately GBP740 million. Following completion they will hold 564,481,879 ordinary shares in the capital of the Company, representing approximately 28.2% of the Company's issued ordinary shares. Those shares which are not sold in the Placing will be subject to a 90-day lock-up

[longwell] 07/7/2016 07:44

this is a steal even on high pe, cash generative in this environment ,debt to clear but at floatation price has much potential upside.
sector still in full consolidation mode with an ever expanding customer base.

[rubberbullets] 27/6/2016 15:20

whos gonna take the rest of the VC shares at 100p?

[togglebrush] 22/6/2016 14:52

Visa Inc. Completes Acquisition of Visa Europe
San Francisco, CA, and London, UK, 21st of June, 2016 – Visa Inc. (NYSE: V)
today announced the completion of its acquisition of Visa Europe Ltd.
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[togglebrush] 19/6/2016 07:22

Trading Volume on Friday was 42,635,731 the 4th highest on Record and 10 times median
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One trade was a BUY 32,496,504 shares at 273.90p for £89,007,927
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Median Daily Trading volume is 4,273,976

[togglebrush] 07/6/2016 09:17

VISA relationship with Worldpay - a synopsis from Barons
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Visa, Inc. and MasterCard, Inc are technology-based businesses who don’t take credit risk but instead partner with issuing banks and function like toll collectors for global consumption spending.
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Further down the payments value chain sit merchant acquirers and processors, who act as the “sales and distribution” arm of the payments industry. Acquirers enable merchants to accept credit and debit card payments by connecting them to the various networks.
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London-based Worldpay Group plc (NYSE:WPG) is the largest merchant acquirer in Europe, serving a diverse set of 400,000 merchants across 146 countries in 126 currencies. The company is the dominant player in the attractive U.K. payments market and has a fast growing and highly profitable e-commerce business that’s benefiting from the rapid growth of online commerce.

[togglebrush] 05/6/2016 15:50

Press
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Worldpay, which is London-listed, has a €1.25bn stake.
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Annual Report page 57 noted:-
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As a member of Visa Europe, Worldpay is also currently entitled to receive certain rebates and/or other financial incentives that are determined by reference to the volume of transactions Worldpay processes through Visa Europe. Visa Inc. and Visa Europe announced in November 2015 a definitive agreement for Visa Inc. to acquire Visa Europe. The transaction is subject to regulatory approvals and is currently expected to close in the second quarter of 2016.
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In the event that Visa Europe demutualises and becomes owned by Visa Inc., these rebates and/or other financial incentives are expected to cease
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Proposed disposal of interest in Visa Europe
Annual report page 76
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On 2 November 2015, we announced the proposed disposal of our approximate 5.9% interest in Visa Europe to Visa Inc. The disposal, which is expected to complete in Q2 2016, is a result of Visa Inc.’s agreement to purchase 100% of Visa Europe, subject to the satisfaction of certain conditions.
‘
Under the terms of the disposal, Worldpay will receive a mixture of cash and noncash consideration currently estimated to be worth in aggregate up to €1.2bn. This is made up of up-front consideration of approximately €544m of cash and €375m of Series B Preferred Stock in Visa Inc. In addition, if the earnout pays out in full, Worldpay could receive in the region of €283m in earnout conditional upon achieving certain criteria relating to the incremental net revenue of Visa Europe during the earnout period. .... etc

[wlondon] 27/4/2016 14:41

expecting and hopeing for a follow up thro 280

[wlondon] 27/4/2016 14:39

really pleasing with the movements today.

[togglebrush] 25/4/2016 11:23

Some Share price details
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07 April 2016 funds managed by Advent International Corporation (the "Advent Funds") and by Bain Capital LLC (the "Bain Capital Funds"), announces that it has sold an aggregate of 275 million ordinary shares in the capital of the Company at a price of 269 pence per share
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16 October 2015 pleased to announce that its entire ordinary share capital, consisting of 2,000,000,000 Ordinary Shares has today been admitted to the premium listing segment of the Official List of the FCA
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Based on ADVFN OHLC prices the stats look like this:-
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Broker Target_______380.00
Maximum from IPO____320.03...13 Jan 2016
Upper Q from IPO____300.83
Median from IPO_____288.88...Middle of sorted sample
Lower Q from IPO____275.71
Friday 22 April_____258.30...Latest Close
Opening at IPO______248.00
Minimum from IPO____240.25...13 Oct 2015

[its the oxman] 25/4/2016 09:24

How low can this go ? Starting to look interesting.

[carer] 21/4/2016 10:29

it also said the short position was closed very shortly after opening. I guess the share will recover when company gives dividends after June? it is very much close to the bottom now. So the large shareholder will not dispose for quite a while to come , who has made 740 mil for 14% stake. Not bad going at all.

[old fool2] 17/4/2016 18:16

Sunday newspaper

Worldpay, the payments company valued at nearly £5bn in the biggest float of last year, has attracted its first large short-seller since joining the stock market, the Sunday Telegraph reported. The US bank Citigroup set up the bet against Worldpay on behalf of an unnamed client, taking a position worth 0.54pc of the company, or about £29m.

[togglebrush] 15/4/2016 08:55

Re Topicel 6 of 7
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Worldpay has being supplying FINTECH business on a Business to Business Basis for over twenty five years. It has a whole range of solutions including Business to Customer Services (Note may sell its shares in VISA Europe in Q2 to VISA inc). Two case studies are given in the annual report.
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Paypal, Paysafe, and most other FINTECH provide a Business to Customer service using a wallet system (example a Casino can take bets and pay winnings speedily through a neutral wallet). That is a simplified description of how modern finance works.
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Dividend is likely to be at best yield of 0.7% for 2016. A special dividend may ??? be possible depending on the VISA Europe share sale ???
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CASE STUDY 1 Page 35 of Annual Report extract
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World Duty Free Group chose Worldpay Total Mobile, a payment app that can be installed on a tablet or mobile device which connects to a portable card reader. This enabled shop assistants to roam the shop floor, assisting customers in their shopping journey and taking payments on the spot. Worldpay Total Mobile also offers daily, monthly and weekly analytics for all card readers, allowing the retailer to better manage staff during peak times and improve their customers’ shopping experience in the future.
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The solution has reduced queues and the number of lost sales, since purchases can be made quickly and easily when customers are in a rush. In addition, the average transaction value in-store has increased by around 40% on the Worldpay Total Mobile devices compared with sales on the main tills, and fewer purchases are abandoned by customers who have run out of time to shop before boarding.
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CASE STUDY 2 Page 37 of Annual Report :- The challenge
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China Southern Airlines needed a reliable payments partner with global payment coverage to help them enter new markets. They also needed a provider with experience in the airline sector to guide their payment strategy and defend them against fraud threats.
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The solution

Worldpay provides China Southern Airlines with its acquiring, alternative payments and risk management services. Specifically, China Southern Airlines uses Worldpay’s RiskGuardian fraud management tool, a flexible solution that can be tailored to suit their individual requirements. This tool helped to improve China Southern Airlines’fraud and chargeback ratios by 85%. At the same time, their transaction acceptance rates saw an increase of 3%.
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Additionally, our expert analytics team have been able to provide access to data trends that determine how carriers like China Southern Airlines can improve their global payments strategies. Worldpay has held multiple training workshops and refresher sessions with China Southern Airlines’ team to cover a multitude of topics from payment queries and dispute management to reconciliation best practices.