DIE HARD 1
21 Aug 2017
TAKE OVER Is it still going ahead not received anything
charlie51
15 Aug 2017
Re: UBS downgrades Paysafe after I thought we were being low balled, but £3M?
IOMINVESTCOM
15 Aug 2017
UBS downgrades Paysafe after £3m bid UBS downgrades Paysafe after £3m bidUBS has downgraded Paysafe (PAYS) following a £3 million bid for the mobile payments company by CVC Capital Partners and Blackstone.Analyst David Mulholland downgraded his recommendation from ‘buy’ to ‘neutral’, but increased the target price from 575p to 590p. This places the target price in line with the bid offer.While he sees potential for 15% upside, he thinks there isn’t a compelling case to buy the shares from a risk/reward perspective.‘Having gained some disclosure on what value is being generated from the Asia Gateway business, we would see the offer of 590p as fair,’ he said.‘It values Paysafe excluding Asia Gateway on between 16.5x-18x 2018 price/earnings compared to the sector on 18.4x...We envisage an upside scenario of +15%, while downside risk to the share price of the deal not completing we would see as -14%.’At the time of writing, the shares were trading up 0.3%, or 2p, at 585p.[link]
claude reins
09 Aug 2017
Nobody seems to refer to the H1 results OK but not that great. Growth slowing is how some commentators have been saying. Still OK but presumably market now saying not justifying a higher bid at this stage. The new owners will want to take the growth target benefits of up to £7.
Ramptastic
09 Aug 2017
Re: Documents Have a look at SCH.J
Welsheagle
08 Aug 2017
Re: Documents There is no card for voting with the cash offer documents, so it appears we have little choice in the matter.
charlie51
08 Aug 2017
SOLD To anyone old enough to remember the outstanding film 'Don't Look Now' featuring Donald Sutherland and Julie Christie and the “ahem, is this for real scene”, you may recall a classic line from Sutherland in commenting on attitude and morality of a local cardinal in Venice, namely that the man of the cloth “couldn't give an ecclesiastical f@@k” about a key issue concerning them at the time. As with the cardinal so it is with Leonoff, who I have met 3 times, and his view of Pis – he couldn't give a monkey's for their view. That said he has got this share from the mid 80s when I first invested to the 590 sale price and whilst I view the transaction at this price as a really good deal for the buyer I am grateful for the £5 benefit, albeit rueful for the £1 or so he has left on the table. Sold out this morning. GLA.
DIE HARD 1
08 Aug 2017
Re: SOLD look like I done the right thing for a change, I do think they should have been £7 and I still hold some in another account so maybe made a bad decision to hold on to them and I also sold some a while back for a £5
Tight Yorkshireman
08 Aug 2017
Re: Documents I will certainly be voting against too, but it does seem like the BOD are assuming it's a done deal.Any other good businesses in the same sector that I should be looking to switch my attentions to??
freedom-thirty5
08 Aug 2017
Re: Documents I didn't know we were to be expecting these. I guess I hadn't realised it had already gone this far.Given the chance I will be voting to reject this offer.I wish the PAYS directors would explain themselves.SMH
Welsheagle
08 Aug 2017
Documents Just received the cash offer documents, and there appears to be no action required by ordinary shareholders - Is this correct?
haycart
08 Aug 2017
Re: PMSL Is there any significance in the word independent :- The Paysafe independent directors believe that Paysafe will continue to play a key roll--etc
oldernowiser
07 Aug 2017
Does not feel right! Analysts say it is worth a lot more but the board seem to accept the offer although the price remains above the offer. What is going on!
freedom-thirty5
07 Aug 2017
Re: PMSL > I certainly did chuckle at the quote in the RNS that mentioned how good an opportunity this was > for shareholders to crystallise some cash for their shares! What a ridiculous thought for > supposedly intelligent people, I can crystallise some cash for this share whenever I choose > and even today would get more than the cash offer they've 'worked hard' to secure.Indeed - I read that bit with utter disbelief!It was obvious from the previous RNS that the directors were in favour of this low-ball bid, although there was some questioning of this at the time, hopefully now everyone can see what is afoot.The "reasons" given in the RNS for an offer at a discount to the prevailing price are the most arbitrary and lame I have seen for some time. "we want to sell your shares for less than you can sell them for yourself, because there was a time in the past when the shares were selling for less than they are now".Registered Directors of a public company have a legally binding obligation to act in the best interests of the business and it's shareholders. I don't see how they can possibly argue that they are doing so at the present time.This is so disappointing after their previously excellent treatment of shareholders in the OPAY days.
LuckyHooker
07 Aug 2017
Re: SOLD JohnooooDie Hard 1 is just an amazing investor. Always sells at just the right time. Always buys at just the right time. Always huge amounts. Always tells us about it after the event.
