Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Oops, wrong thread - should be GAN! Apologies.
Good news today - SBTECH "is the leading B2B supplier to the online betting and gaming industry in regulated markets worldwide": Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GAN/13495552.html "GAN announces SBTECH as a Strategic Partner for US Sports Betting London & Dublin | January 15, 2018: GAN plc ("GAN" or the "Company") a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, today announces a strategic relationship with SBTECH to serve real money sports betting to GAN's diverse US casino operator clients ("Clients"). Integrated with GAN's GameSTACK™ enterprise software platform, SBTECH's sports betting solution is anticipated to be delivered to selected Clients' end users engaging via both the Internet and retail channels. GAN's Clients together represent more than seventy casino properties located coast-to-coast generating in excess of $8bn in land-based casino gaming revenues annually. This strategic partnership positions both GAN and SBTECH in the event the Supreme Court of the United States ("SCOTUS") overturns or otherwise modifies the current Federal US prohibition on sports betting enshrined with the Professional and Amateur Sports Protection Act 1992 ("PASPA"). SBTECH is a leading European B2B provider of sports wagering technology and related managed services including sports trading, odds compilation and risk management. Management Commentary Dermot Smurfit, CEO of GAN commented: "GAN has been asked by several Clients to review, procure and support the delivery of a sports betting solution both online and in the on-property retail channel in the event PASPA is overturned. We have conducted a lengthy diligence process in Europe to identify a preferred sports betting partner based on their technical capability, US licensing suitability, ability to integrate seamlessly with GAN's enterprise software platform and the sophistication of their managed sports services. We are delighted to announce this strategic relationship with SBTECH." Richard Carter, CEO for SBTECH commented: "GAN is a licensed, trusted partner to more than a dozen US casino operators equipped with unique intellectual property and a proven track record in delivering and growing Internet gaming businesses in the United States. This partnership is logical for SBTECH and permits SBTECH to rapidly introduce its sports betting technology and services to a wide range of US casinos with a view to being the first to settle a US sports bet online and on-property in States such as New Jersey and Pennsylvania, in close collaboration with GAN."
Good to see 300p up again. Here's more on that initiation of coverage by Bryan Garnier: https://translate.google.co.uk/translate?hl=en&sl=fr&u=https://votreargent.lexpress.fr/bourse/safecharge-bryan-garnier-initie-a-acheter_1973045.html&prev=search "SafeCharge: Bryan Garnier introduces to 'buy' Bryan Garnier initiates the coverage of SafeCharge, an English software company that evolves in the field of payments, with a 'buy' recommendation and an intrinsic value ('fair value') of 354 pence, which implies a potential upside of 20% . 'We are playing out the end of the transition period (redesign of the client portfolio) and the beginning of an expansion phase (non-gambling diversification, search for acquisitions)', explains the financial intermediary. The broker believes that with less risky traders, a change in size and more liquidity, the value will return to the radar of more investors. He sees SafeCharge as a budding 'Wirecard'. "
Excellent news - initiation of coverage today with a Buy and a 354p target. I like the sound of the potential acquisitions.... Bryan Garnier are "a leading European independent investment bank focused on growth sectors": "SafeCharge Looks Like a 'Fledgling Wirecard': Bryan Garnier 0843 GMT - SafeCharge's expansion beyond its previous customer base of gambling companies should see the payment-services company attract more investor interest, according to Bryan Garnier. The investment bank said SafeCharge is beginning a phase of expansion and diversification, which is likely to include European acquisitions. This potential expansion leaves it looking like a "fledgling" peer to German payment and financial services company Wirecard, added Bryan Garnier, which initiates coverage of the stock with a buy rating and fair value estimate of 354 pence."
New article in the Telegraph about WeChat coming to the UK via SCH: Http://www.telegraph.co.uk/news/world/china-watch/technology/wechat-chinese-mobile-payment-britain/ Extracts: "Chinese mobile payment offering WeChat is coming to a place near you as visitors are now able to open digital wallets in Britain" "And starting last month Chinese visitors have been able to buy goods with the mobile payment platform WeChat Pay. Camden Market is a sharp contrast to luxury shopping hot spots such as Bicester Village and Oxford Street, where Chinese tourists spend millions of pounds each year. It may not seem to be the obvious choice for the launch in Britain of WeChat’s hugely popular digital wallet, which accounts for 40 per cent of the Chinese mobile payment market. However, the number of Chinese visitors to Camden is climbing, 10 per cent of its visitors being Chinese in March, double what it was six months earlier. “In terms of demographics, the number of Chinese tourists in Camden is certainly growing, and in terms of a brand, Camden was an obvious choice,” said Craig Jacoby, head of retail payments at SafeCharge. “It’s iconic in London.” During the four months from November, SafeCharge will provide more than 1,000 Camden Market vendors with a software update that enables in-store payment terminals to generate QR codes and perform WeChat Pay transactions. Chinese tourists spent £513 million in Britain last year, the tourism authority VisitBritain says . Camden Market's management wants to better accommodate those big-spending visitors. Mr Jacoby said WeChat Pay will soon be available at other shopping locations in London, and the service is also launching at six large retailers in Paris as WeChat moves forward with its international expansion." "David Avgi , the chief executive of SafeCharge, said that in general there is great motivation to accommodate Chinese consumers in Europe, where half the luxury purchases are made by Asian tourists. It a matter of time before the mobile payment systems that are ubiquitous in China catch on in the West, he said.WeChat has worked with SafeCharge, the British payment technology company, to make WeChat Pay available at point-of sale locations in Britain for the first time."
Excellent news - a new product and a tie-up with the giant that is Salesforce should bring in good new business. Https://www.safecharge.com/press-releases/safecharge-announces-new-integration-plugin-salesforce-commerce-cloud/ "December 14, 2017 SafeCharge Announces New Integration Plugin with Salesforce Commerce Cloud SafeCharge, a leader in advanced payment technologies, today announced the launch of SafeCharge’s Plugin for Salesforce Commerce Cloud, the fastest path to unified commerce. Commerce Cloud enables brands to provide personalized experiences for shoppers that span web, mobile, social and in-store. And now, as part of the world’s #1 CRM platform – Salesforce – brands can deliver unified experiences for customers that extend beyond commerce to include marketing, customer service and more. SafeCharge’s integration empowers Commerce Cloud customers to accept payments safely and securely through SafeCharge’s Hosted Check-out and Merchant Direct solutions. SafeCharge’s Hosted Check-out solution allows merchants to accept all relevant payment options via ready-to-use check-out pages which can be easily configured by merchants to fit their brand. SafeCharge’s Merchant Direct solution connects directly to the SafeCharge Payments Engine and offers full flexibility for merchants to accept credit card payments on their websites. This integration offers the following benefits: •Ready-to-use hosted check-out pages or direct integration with website pages •Advanced risk and fraud management tools •The availability of more than 150 payment methods and 100 currencies •One-click payments for returning visitors (for both cards and alternative payments) •Dynamic 3D Secure (only routing higher risk transactions for 3D authentication) •Responsive design to support mobile and tablet as well •Descoping of PCI compliance Comments on the News “We are very excited to release our Plugin for businesses using Salesforce Commerce Cloud” said David Avgi, CEO, SafeCharge. “This partnership gives businesses working with Salesforce Commerce Cloud access to some of the latest payment and risk technology endorsed by the world’s most demanding businesses. Merchants utilizing SafeCharge’s solutions benefit from maximum uptime, the highest conversion rates and advanced fraud protection.” “Creating personalized, omnichannel experiences is now more important than ever for brands,” said Kori O’Brien, SVP, ISV Sales, Salesforce. “By leveraging the power of Commerce Cloud and the new integration from SafeCharge, businesses will benefit from access to some of the most advanced payments and fraud prevention platform enabling them to boost growth."
Should get a decent price rise today: https://www.investegate.co.uk/safecharge-int-grp--sch-/rns/trading-statement/201711290700027735X/ "Strong" trading in H2 and the results will be in line with expectations - better than the "broadly" in line implied at the interims. In particular: "We will continue to focus and invest further to build our sales teams to accelerate a successful entry into new target sectors and geographies" And: "Outlook The Board is encouraged by the Company's strong performance during the second half of the year. The Group will enter 2018 having expanded its Tier 1 customer base, with customers in new sectors, including travel and retail, and new markets, and with a strong pipeline which provides confidence for 2018 and beyond."
The WeChat Pay deal getting extensive coverage in China - and note the comment from SCH about expansion in Paris as well as London: Http://www.chinadaily.com.cn/business/tech/2017-11/23/content_34901988.htm Extract: "Digital wallet WeChat Pay launches in UK By ANGUS McNEICE | China Daily UK | Updated: 2017-11-23 17:42 "In terms of demographics, the number of Chinese tourists in Camden is certainly growing, and in terms of a brand, Camden was an obvious choice. It's iconic in London," said Craig Jacoby, head of retail payments at SafeCharge.... .....Jacoby said WeChat Pay will soon be available at other shopping destinations in London, and it is also launching at six large retailers in Paris as WeChat moves forward with its international expansion."
The WeChat tie-up is beginning to bear fruit. WeChat are absolutely huge.... Https://www.safecharge.com/press-releases/camden-market-first-offer-wechat-pay-point-sale-uk-safecharge/ "November 22, 2017 Camden Market first to offer WeChat Pay at the Point of Sale in the UK with SafeCharge SafeCharge, a leading payments technology company, in partnership with Camden Market, a part of the Market Tech portfolio, has announced the ground-breaking integration of WeChat Pay, a widely adopted e-wallet payment solution in China. The iconic Camden Market, London�s fourth biggest tourist destination, is the first in the UK to make WeChat Pay available at the point of sale. Chinese tourists and the UK�s Chinese community will now be able to shop using their preferred payment method as the introduction of the payment system begins and WeChat is implemented in stages across Camden Market. WeChat Pay has revolutionised payments in China and is now rapidly extending its reach into Europe. In 2017 alone, �1.5 trillion in payments has been processed by WeChat Pay globally and the service accounts for 40 percent of the Chinese mobile payment market, (according to iResearch). This is significant for merchants in Europe, as the total amount spent by Chinese tourists exceeds the amount spent by European and US tourists combined, with 50 percent of luxury purchases in Europe made by tourists from Asia. Unlike some ewallets and contactless payments, which are capped at �30 per transaction, WeChat Pay offers more flexibility to merchants and consumers. Therefore, it is a competitive differentiator for merchants to be able to offer the payment service. �We are proud to be the first in the UK to integrate WeChat Pay at the point of sale in Camden Market. This innovative payment method is seen as the next big payment phenomenon in Europe,� stated David Avgi, CEO SafeCharge. �This integration demonstrates that we are at the forefront of payments technology, where we are constantly exploring new opportunities to enhance our payments solutions.� �We are extremely pleased to be working with WeChat and SafeCharge to integrate WeChat Pay into our point of sales system at Camden Market,� said Ceri Davies, Operations Director of Camden Market. �With hundreds of thousands of Chinese visitors coming to London each year, we feel that this is another way in which we can continue to promote the heritage of Camden Market abroad, and attract new visitors to our shops, stalls, and restaurants. With over 30,000 visitors a day, Camden Market remains one of London�s most enduring attractions, and we believe that this is a great way to adapt to the growing number of Chinese locals and tourists who visit the market. We are constantly on the lookout for new and innovative ways to support our tenants, and hope that this integration will allow our merchants to continue to meet the needs o
Moving up again after a nice �33,000 buy at 301p this morning - looking good for another run-up.
@Cowyed - IMHO I think the market is possibly thinking "Deja Vu" - TS has moved his entire SCH holding from a BVI trust to his own name in IOM - suggests he might be about to create a liquidity event - he had such an event with PTEC holding back in Nov 2016 - sp took a bit of a hammering - peak to trough - 926p to 786p - ouch !!
Nice tip in today's Mail outlining Berenberg's recent initiation: Http://www.thisismoney.co.uk/money/investing/article-5098435/TRADERS-TIPS-City-insiders-say-buy-SafeCharge-sell-GKN.html "TRADERS TIPS: City insiders says buy payment services provider SafeCharge but sell GKN By Daily Mail City & Finance Reporter Published: 22:23, 19 November 2017 BUY THIS: SafeCharge Growth in the payment sector prompted Berenberg analysts to reinstate a �Buy� rating on SafeCharge. Perceived as facing high risks, the payment services provider is expanding its exposure to lower-risk markets. Berenberg said SafeCharge also had potential as a target for new entrants into the market, and put a price target of 350p on the stock."
That is good news but why the drop over the last few days ?
Excellent - Berenberg have today initiated coverage with a Buy and a 350p target price: Http://investing.thisismoney.co.uk/broker-views/ I suspect they've left themselves room for further increases in the target price at a later date.
Lovely move up whilst I've been on hols. Much more to come imho.
"SafeCharge (AIM: SCH), a leader in advanced payment technologies, was informed on 10 October 2017 by Northenstar Investments Limited ("Northenstar"), of the transfer of the entire issued share capital of Northenstar from the Goodfidelity Trust (the sole beneficiary of which is Teddy Sagi) to Teddy Sagi, such that Mr Sagi now holds the shares in Northenstar directly. The Company was also informed of the intention of Northenstar to re-domicile from the British Virgin Islands to the Isle of Man, a further announcement will be issued once the re-domicile has been completed. Northenstar's holding in the Company remains unchanged, with an interest in 100,000,000 shares, equivalent to 68.1% of the total number of voting rights in the Company." Interesting. Exactly the same has happened with Crossrider (CROS) today, also in favour of Teddy Sagi. "Crossrider (AIM:CROS) the B2C security software and online distribution platform, was informed on 12 October 2017 by Unikmind Holdings Limited ("Unikmind"), of the transfer of the entire issued share capital of Unikmind from the Solidinsight Trust (the sole beneficiary of which is Teddy Sagi) to Teddy Sagi, such that Mr Sagi now holds the shares in Unikmind directly. Unikmind's holding in the Company remains unchanged, with an interest in 103,500,002 shares, equivalent to 73.08% of the total number of voting rights in the Company." I don't understand this stuff, though Sagi seems a character. Can anyone enlighten me? Why might he be doing this?
it will take a dip before running up further, looks a bit toppy for the moment
Around �130,000 of net buys today have at last caused a move up. Hopefully the dam is about to burst and we'll see a large breakout upwards now.
RNS just out re a new contract win - worth noting the size of the new customer as noted below: Https://www.investegate.co.uk/safecharge-int-grp--sch-/rns/goldmoney-selects-safecharge-for-further-expansion/201710111230013276T/ "Goldmoney Inc. selects SafeCharge to further expand its Online and Mobile Deposit Options SafeCharge (AIM: SCH), a leader in advanced payment technologies, today announces it has been selected by Goldmoney Inc. (TSX:XAU) ("Goldmoney"), a precious metal financial service and technology company traded on the Toronto Stock Exchange, to further expand its online and mobile deposit options. By integrating Goldmoney's new platform to SafeCharge's Payments Engine, Goldmoney will provide its customers with access to both cards and alternative payment methods, such as WeChat Pay, Alipay, SEPA, UnionPay, and additional payment integrations, enabling them to expand their global client access to vaulted gold, silver, platinum, and palladium." "Goldmoney Inc., a financial service company traded on the Toronto Stock Exchange (TSX:XAU), is a global leader in precious metal investment services and the world's largest precious metals payment network. Safeguarding nearly $2 billion in assets for clients located in more than 150 countries, Goldmoney is focused on a singular mission to make precious metals-backed savings accessible to all.... etc"
Barclays have initiated coverage of SCH with a Buy and a 310p target. It's covered here - I suspect that they've started with a conservative price target which will enable them to upgrade later. The comments here about all the potential triggers for further upside hint further at this: Http://citywire.co.uk/money/the-expert-view-lancashire-reckitt-benckiser-and-wh-smith/a1056936?ref=citywire-money-latest-news-list#i=5 "Barclays initiates coverage of SafeCharge Barclays has initiated coverage of payment solutions provider SafeCharge (SCHS) and believes there is long-term value if investors can see past a short-term transition. Analyst Gerardus Vos initiated coverage with a �buy� recommendation and a target price of 310p on the shares, which were up 1.2% at 288p yesterday. �As an online payment processor and acquirer, with a history of high growth, SafeCharge is seemingly attractive to investors looking to deploy the proceeds of recent sector consolidation,� he said. �However, it is in the midst of a transition to reduce some high-risk exposure to improve its investment grade and this has resulted in two years of stalled earnings growth.� Vos predicted that the company would continue to reduce its risk exposure and therefore his earnings forecasts were below consensus, but longer term there is value. �Longer-term we see value in the group, particularly if it deploys its substantial cash balance, sees a sell down by its majority shareholder or participates in ongoing sector consolidation,� he said."
got plenty of room for a further run up before taking a breather. Possibly some other news on the way??
Appears to have come back after having briefly crossed the 200 dma. Looks oversold on the RSI chart. Given a good write up by the IC magazine today. On the cards for a rebound. Still the possibility of a takeover target in a market that's consolidating
What does "historic customer base reshape" mean?. That it has lost some of its' older customers?. Don't know. In my opinion the results were a disappointment on first very quick glance before setting off for work. May be worth holding on for the dividend, which taken with the last payout may just about bring me back to even stevens. As for a takeover, well, yes, I know that argument and the Naked Trader, Robbie Burns has mentioned it. But, IF it comes, we may have to wait a long time. Hmm, I'm not going to add to my holding and will await developments. At least it closed well above its' lows. Regards CM
Also added 10K at 241.5 Plenty of cash good prospects and outside chance of takeover bid. Also dividend good and increased
I agree, added