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3/01/2018 approx
Think this would be way over £6 now!
Does anybody know when the takeover will be completed ? Many thanks.
is rising nicely - worth a look.
Anyone else feels the offer is a scam? BoD should be brought to court for considering this bid
Thank you kindly. I'm prepared to wait until then, any longer and I think I'd sell up and put the money where it can perform better
Many Thanks Mikeboy for the very kind words, good luck for next investment and hopefully we all get the opportunity to find PAYS mark II
Yep, All the best guys and gals...... Woolfy, It's been a pleasure reading your posts - I've been in and out of here for ages ( In for ages - since the OPAY days ) It's been one of my better shares - Moorhey - you're a good poster mate - very good - keep it up :) This bb has been a pleasure ( check out some others - WOW ! ) And it's a credit to the posters here...... But I think we should all doff our caps to Wolfhound who has been top boy here ( and on the other site which I wont mention in case my post gets pulled.... ) Cheers folks and hope to see you all soon...... Best of Luck to you all :)
Best of Luck to you too Moorhey - it has been fun and rewarding on PAYS - Good Luck on the next one and if you come across any real gems - do drop some breadcrumbs back here from time to time and we can follow the trails....lol
TBA - but expected in this Qtr ( 4th QTR) - because PAYS is a payments Co then it is regulated and the TO will require approval etc....... as per conditions in offer doc. But as CVC owned Skrill prior to sale to PAYS then it is likely to not be an issue.
Any idea when this is. Sorry if this is public knowledge, I haven't managed to find it.
You get the message lol! In all seriousness though check out my notes on the XLM thread from their latest investor presentation a couple of weeks back and look no further for a new home for your PAYS proceeds. The XLM threads on ADVFN and III are also a good read. Unfortunately I can't copy/paste from Advfn on my phone so pop over to there for tonight's musings on the matter.
All the best Wolfhound - onto the next. Good luck all.
This will be hard to replicate - found Pays back in its neteller days by chance - right place right time. Over that time have learned to find one stock where co is in an expanding market ( disruptor), srong and aggressive management who will execute, hugely indervalued to peers... that will be a tough ask for the next stock pick... Failing that i may look for property annuity and invest the proceeds via leveraged exposure... Beat of luck all
One of Woodford's investments that has seen no growth at all in the SP so far is ITX. I have invested for at least a 5 year plus hold - I am expecting it to come to life during the next 12 months. http://www.proactiveinvestors.co.uk/companies/stocktube/8121/itaconix-plc-creating-the-platform-for-growth-ceo-dr-kevin-matthews-8121.html
eh9 used to comment knowledgeably on here. He and a couple of others from here seem to have moved onto Taptica (phenomenal results today) and XLMedia (good results a couple of weeks ago). Both dont yet seem to have a big II following . It will be interesting to see where GSmiley and Wolfhound are now looking...I am looking myself now
Very disappointing, but expected. Not an easy share to replace in your portfolio.
What a surprise it's gone through! Oh well onto the next one! Anyone have any ideas?
Even my six year old has voted no.
Cool, hope that helped. Competitor could also : 1. Asian gateway - AIM listed spin off with shares going to existing shareholders 2. Merger Offer - Part shares part cash - Assume a PE of 25 on residual business fund 50% cash/50% Equity 3. Issue note to fund cash element - secured on PAYS cashflows. They would be adding scale at little cost to themselves and "de-risk" the consolidated business immediately such that entire business would probably be valued at closer to PE of 30 !!
Hi Wolfhound, yes it was indeed that post. Thanks.
Hi Wicket - still fully lockedin in and loaded on PAYS - waiting for someone to launch a counter bid or for this bid to go away ( I think the sp is probably being held back by it at this stage - remember it only rose 6% on the day and that included news we were buying US entity and we had good results ) Was it this comment on ADVFN to which you refer ? "$2.59bn - on a $3.9bn Acqn is being funded by debt + taking on the $450M Merchant Acqn Debt included - wow combined that is $3bn in Debt !! Talk about JUNK BOND status !!! SO this Baby is going to be leverage 3+ Times over equity - 75%+ value will be DEBT !!! IF this is just an asset sweat play - Why don't our Board just borrow $2.59bn in the market - pay us shareholders a special one off dividend from the $2.59mn raised of say £4.50 and we let the residual 25% of our investment run in a massively over leveraged play and see where we are in 5 yrs time ????? Shame on the BOD for supporting this - not good for PAYS, employees or its Shareholders - in fact there may be a case here for directors to be sued for supporting this bid (if this goes ahead) by disgruntled shareholders and employees for failing in their statutory duty to protect the rights of shareholders, employees and counterparties. The sweet deal on equity being offered seems to be clouding their judgement - and it is the independent directors that are being held out as the approvers even though we know JL and Brian ( double Barrel) M-M are the big winners - certainly would expose myself as a NED by supporting it !! " If so the answer to your question is most definitely YES !! - If I was a competitor I could easily say ok - lets make a counter offer of say 850p ( where Barclays said it was worth) - roughly a PE of 22 and lets say I did that as a 50% cash 50% shares - so 425p cash and balance in shares. Next step would be to take a leaf out of BidCo book - sell Asia Gateway for the $308m ; fund the cash piece of Acqn via debt issuance ( as per BidCo) funded out of positive cashflows of PAYS itself of over $300mn a year - which would easily support borrowings of $2.5bn Worst case scenario as a competitor is that I force BidCo to pay way more - load up on more debt and then not be in a position to fund PAYS development into the future which renders them as less of a competition - and all I had to do was put in a counter offer. As I noted over on the other Board - If I was the counter bidder I would probably wait til just before the Court meeting to make my offer - that way it takes the wind out of bidCo sails. As for your 3 conditions : 1. Worried - why , at worst case you are going to get 590p 2. Unsure - Sure to get 590p as a minimum 2. Confused - keep it simple - if someone else offers you more than the 590p you can accept it : ) - Be Happy - not often you get situations where there only upside !!
Voted no with my shares held by the Halifax
Just got a message from my broker H&L and I can vote against simply by replying to the message. Which I've done.
Good afternoon Wolfhound - you kindly put me on to the ADVFN board, which is indeed a bit busier and quite interesting to dip in and out of. Your comment there today, prompts me to ask if you are still in a holding pattern waiting for vote news or bid news or has your view changed since my 'Confused - Unsure - Worried' post? I still remain all 3 :)) Thanks.