MyHobby
31 Mar 2016
Equiniti Turkey. I looked at Equiniti but I don't understand what its growth model is. Thought that the share would rise in tandem with the likes of LSE and IG but it doesn't. Would you care to elaborate on its appeal either here or on Equiniti board. Thank you,D
turkey10
31 Mar 2016
Re: SP I agree I think that the financials will improve. Equiniti is in exactly the same position as WPG. Down on the share sale and subject to the same issues. It was sold off by the same equity group. Both will be excellent investments once the IPO issues disappear and with some solid results without all the exceptional costs.
MyHobby
31 Mar 2016
Re: SP Thanks for your insight. I feel that the financials will improve later in the year as the extraordinary Items from the IPO flush through. I also think that the new software rollout will allow capitalised costs to be amortised. However, I am slightly edgy about matters I don't understand,namely what impact Applepay and Google's mobile pay offering may have and also the EU regulations mentioned in earlier chats.
turkey10
30 Mar 2016
Re: SP I think it's the pending sale once the lock in period has expired which is holding the price back. Once the former owners have sold what they wish the share should recover rapidly.
MyHobby
30 Mar 2016
SP Don't know why this keeps showing daily downs - especially on an up day for the rest of the market. Would have expected this to have recovered its post RNS drop by now. Any thoughts?D
MyHobby
17 Mar 2016
Free cash Net cashflow from operations was £312 - up £80m. Weighing on this and hence on net profit were exceptional items of £169m. Of this they're saying £100m relates to the IPO and will go by the end of the year except charges for the share incentive scheme. £69m relates to amortisation of software development which will go up as new software comes on stream in the summer. There's £45m in financing costs on the debt which is currently netted off against the gain on Visa Europe. The sale of the latter will net about £418m in cash (Euro 544m) as well as some stock. This will reduce net debt (loans less cash) to around the £1bn mark when it stood at £2.2bn in Dec 2014. So to conclude:1. Say amortisation goes up £20m from £60 to £80m but £100m of IPO costs fall away, this gives a net cash increase of £80m to the £312m net cash from ops. 2. Debt has reduced by 50% in 18-24months.3. PBT should go up from £19m to £99m (cet. par.) So the image of a debt laden company with low margins is not entirely correct. Once the IPO costs, major software development, debt restructuring (already happened) and VISA Europe sale flush through then a more robust balance sheet and P&L will emerge.D
turkey10
16 Mar 2016
Re: Paysafe effect? Down because of the predicted stock overhang when the founders sell their shares in a few weeks. But over the next few months this should raise the price.Also the other day for the first time a director actually bought shares.
MyHobby
16 Mar 2016
Paysafe effect? Down today because Paysafe showed a better EBITDA margin? Any thoughts?D
MyHobby
10 Mar 2016
afternoon tick up Rec should have read buy
MyHobby
10 Mar 2016
afternoon tick up SP always ticks up in the afternoon after an early morning dip and mid morning stagnation. Any thoughts on why? Or who?D
turkey10
10 Mar 2016
Re: SP Should return to its normal range around 300/305.The results were good so the sell off is over done.
MyHobby
09 Mar 2016
SP Back to 300p within a week? Any takers?
Spain Fund
08 Mar 2016
In and Out Today - Got to take profits these days Date Type Company Code Listed On Market Quantity Executed Price (p) Net Consideration (£
Reference 08 Mar 2016 SELL WPG LSE 2,000 277.55 5,545.9008 Mar 2016 BUY WPG LSE 2,000 269.95 5,431.00
Spain Fund
08 Mar 2016
Worldpay shares slump on maiden results Worldpay shares slump on maiden resultsJosh WhiteDate: Tuesday 08 Mar 2016LONDON (ShareCast) - (ShareCast News) - Market newcomer Worldpay published an impressive set of maiden results on Tuesday, though investors were not so keen on the company's ability to keep up with expectations going forward.The FTSE 100 payment processing company, which listed in October, saw revenue grow 9% during the calendar year to £3.96bn, from £3.63bn in 2014. Net revenue - defined as revenue less interchange and scheme fees - was up 14% to £981.7m.Worldpay processed a total of 13.1bn transactions in 2015 - an increase of 14% - which were worth a combined £401.9bn - up 9% on 2014.The company's gross profit was £860.4m, up 12%, while underlying EBITDA was up 8% to £406.1m. Worldpay's operating profit totalled £166.9m, up 34% on 2014.It turned around its reported loss of £47.1m in 2014, to post a reported profit before tax of £19.1m. Underlying pro forma earnings per share were 6.9p, 50% up from 4.6p."We made significant operational and financial progress in 2015," said WorldPay chief executive officer Philip Jansen."It was a year of considerable achievement - in the implementation of our strategy, in strengthening and deepening our market presence, capabilities and technology, and helping our customers prosper," he added.During the year, Worldpay saw growth in all key customer segments, and reported significant investment in new products, including enhanced mobile offerings, fraud prevention tools and data analytics.Its new technology platform build was now substantially complete, with customer on-boarding to begin in summer of this year.Worldpay said its Global eCom and UK divisions outperformed against expectations, with good revenue performance in the US division - though the costs of transformation there were higher than expected.Looking at the current year, Worldpay's board said it had made a solid start, and was trading in line with expectations. Its guidance for the medium term remained unchanged."The group has made a good start to 2016, in line with expectations, and these results provide a strong platform for continued growth over the medium term," Jansen explained.The company's board did not recommend a dividend. It said the company's maiden dividend as a public company would most likely come with the interim results this year, to be paid in November 2016.At 1150 GMT, shares in Worldpay were down 10.93% to 260p. Credit Suisse described the results as solid, and in line with expectations, but said the firm might struggle to match high investor expectations going forward.
turkey10
08 Mar 2016
Re: Good results Thanks will watch the conference call.Would be nice if Directors invested in the company!
