DIE HARD 1
27 Jul 2017
sell or hold Had sold £20000 worth a few weeks agostill have over £160,000 worth can not make up my mind to sellthis is my biggest holding by far and sitting on a great profit, maybe should sell someany thoughts
claude reins
27 Jul 2017
Re: RNS's Thanks for doing the arithmetic.PS Do you think that the SP rising this morning in recent trades to near 590p means that the bid is likely to be too low? Anyone's thoughts?
Maru118
27 Jul 2017
Re: RNS's I appreciate the explanation, and also you not snapping at my ignorant question. I actually have tried reading a few of them, they don't make sense to me. Time and again I have asked people older and wiser than my self and even they are baffled. I think I'll sit down with my fund manager some day and ask him to go through these forms line by line.
freedom-thirty5
26 Jul 2017
Re: RNS's Yes, it was from one of the Form8.3 RNSs:This one, to be precise:AYS/news/item/2453315/form-83-paysafe-grop-plc?context=LSE
AYSThey" target="blank" rel="nofollow">[link] have sold a small amount since according to this RNS, released today:AYS/news/item/2454609/form-83-paysafe-group-plc?context=LSEAYSAccording" target="blank" rel="nofollow">[link] to today's RNSs:Fidelity (FIL) still holding >10%.Blackrock holding 3.7%Several others holding > 1%.
claude reins
26 Jul 2017
Re: RNS's At the time of the RNS, it said they held 50m if my memory serves me correctly. So that means they acquired 20m+ form somewhere in those few days if your arithmetic is correct. Where did your figure come form - one of Form 8.3 statements?
freedom-thirty5
25 Jul 2017
Re: RNS's Perhaps.Maybe a cunning plan is afoot.Maybe its all a play to simply drive a strong uptrend into the share price which they will sell into later on. Maybe they are looking to flush out an even higher bid from elsewhere, and if so, the more shares Old Mutual hold the more profit they stand to make.Yet I find it incredible that Old Mutual has been able to obtain nearly 5% of the company in the open market since the RNS that said they held 10%, without the supply of shares running dry. Granted, the share price has risen by well over £1 since May, but even so, 5% is a lot of the supply.According to the RNSs, some of the big shareholders are selling into the recent rise, and Old Mutual has been one of them. OML held 72,462,428 shares on 21/7 and 71,555,928 on 25/7 according to the data.
claude reins
25 Jul 2017
Re: RNS's Interesting. You say Old Mutual holds 14.75% but the RNS said they owned 10%....so they must have been buying in the market? Why specificiallly would they want to do that? To force the Board to back their position? ie to sell to the BidCo?
freedom-thirty5
25 Jul 2017
Re: RNS's Yes. Have a read of one of them ;p (although they are always horribly formatted)This one shows Old Mutual holds 14.75% of the company:AYS/news/item/2453315/form-83-paysafe-grop-plc?context=LSEAYSThis" target="blank" rel="nofollow">[link] one shows Fidelity owns 10.01% of the company:AYS/news/item/2451604/form-83-paysafe-group-plc?context=LSEAYSThe" target="blank" rel="nofollow">[link] rest are even less exciting. They are all here:AYS/news" target="blank" rel="nofollow">[link]
Maru118
25 Jul 2017
Re: RNS's Thank you guys, so it's simply large share holders stating how much of the shares they hold.
claude reins
25 Jul 2017
Re: RNS's Continuing from the lhis posting, I think that holders of 1% and over have to declare their interest.
freedom-thirty5
25 Jul 2017
Re: RNS's Holders of significant positions (long or short) in PAYS are declaring their interest, as per the market rules when an offer has been made to acquire the company.
Maru118
24 Jul 2017
RNS's Would someone mind explaining to me what the countless RNS's coming through to my mail box regarding PAYS is about. Lots of large shareholders are making declarations, but what are they declaring exactly and what is the relevance to us.Thanks. ps I have about 20 in my inbox from friday and monday and I'm aware of the offer. Wondering what the other RNS's are about.
charlie51
24 Jul 2017
Re: Macquarie a bit late to the party! And to think someone is actually being paid for this...
claude reins
24 Jul 2017
Macquarie a bit late to the party! StockMarketWire | Mon, 24th July 2017 - 09:30Macquarie today reaffirms its neutral investment rating on Paysafe Group Plc (LONAYS) and raised its price target to 590p (from 480p).
claude reins
24 Jul 2017
Article in The Times this morning. Provides more information. An indication that the Board want out? I wrote to the Head of Investor Relations last Friday to ask why there was no indication in the RNS's of the Board's view. I have had no response so far. The report may indicate that there is a chance of a counterbid or the Board may want more, but there is nothing there to indicate that this is so. Its more about a previous shorter being bitten because of the - very midest - rise in price following the 'bid-related' RNS. I too would prefer if the company soldiered on, but as I say the headline indicates that there is a very attractive amount of money for the senior executives if they sell out at this point.The Times report is belowaysafe chiefs in line for £70m takeover windfallTech firm’s shares hit high on approach from USMarcus LerouxJuly 24 2017, 12
1am, The TimesPaysafe generates nearly half of its revenue from payment processing, with another 31 per cent from digital wallets that enable people to make transactions using electrical devicesPhilippe Wojazer/ReutersShareSaveThe top management at Paysafe are in line for a £70 million shares-based windfall if the payment processor becomes the latest technology company to be sold to foreign bidders.Paysafe announced it had received a £2.9 billion approach from Blackstone and CVC, the big American private equity groups, on Friday, sending its shares to an all-time high.Joel Leonoff, the fintech company’s long-standing chief executive, has accrued shares and options worth £64 million, while Brian McArthur-Muscroft, the finance chief, has shares and options worth £4.6 million.Paysafe opened its books to Blackstone and CVC in May on the basis of a possible offer of 590p a share. The consortium has not yet tabled a firm offer but it has secured the support of Old Mutual, Paysafe’s largest shareholder with a 10 per cent stake.In making their offer Blackstone and CVC inadvertently delivered a bloody nose to TPG, their private equity rival, which was forced to spend £13 million closing a short position on Paysafe shares on Friday. Paysafe had attracted the interest of a swarm of short-sellers — investors who bet on a stock falling by borrowing the shares and then selling them — but as Paysafe’s shares rose rapidly this year only TPG remained.Even as its private equity rivals were secretly talking to Paysafe in May, TPG was building its short position. It began winding it down later that month at a loss but was left with a short position worth 0.5 per cent of the company’s value at the close of play on Thursday. However, TPG’s earlier successes in its bet against Paysafe mean that its losses are limited to less than £6 million, according to an analysis by The Times. TPG declined to comment.CVC and Blackstone’s approach caps a remarkable resurgence in Paysafe’s fortunes this year. In December its shares dived as low as 309p after it came under attack from an outfit calling itself Spotlight Research, which said that it was short-selling the shares. The note accused Paysafe of enabling Chinese customers to avoid capital controls and of facilitating illegal gambling, but Paysafe said that the report consisted of material that was “either factually inaccurate or . . . previously disclosed”.The resurgence of the shares since then will be taken as vindication by the company’s management. Mr Leonoff, who has been chief executive since 2011, founded a predecessor company in 1997. His SureFire Commerce merged with Optimal Group to form Optimal Payments in 2003. Optimal later changed its name to Paysafe.It generates nearly half of its revenue from payment processing, with another 31 per cent from digital wallets that enable individuals to make transactions using electrical devices.The possible offer came on the same day that Paysafe agreed an acquisition of its own, to buy Merchants’ Choice Payment Solutions, an American rival, for $470 million. Worldpay, Britain’s biggest payment
