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Visa Q3FY18 results were out on 26th July showing cross border volumes up 10% -
"Payments giant Visa reported fiscal third quarter results that showed continued momentum on the international stage, with cross-border transactions up 10 percent year on year. That number was a slight deceleration from 11 percent in previous quarters, owing to the strength of the dollar."
https://www.pymnts.com/visa/2018/payments-volume-earnings-stocks-cross-border-europe/
Gross $ volumes for Mastercard were $1.5trillion, for Visa $2trillion.
Could this be a sign that the Mastercard offering is gaining greater traction, with cross border volumes up 19% vs 10% for Visa, as predicted here in September 2017 -
https://www.barrons.com/articles/is-mastercard-better-positioned-than-visa-in-the-fintech-space-1505915159
"Ultimately, he writes that MasterCard, with HomeSend (that reaches beyond card-linked accounts), Vocalink (a "truly new payment forms"), and Mastercard Send, is better positioned than Visa, which has Visa Direct, to take advantage of this new opportunity"
It is this combination of Homesend, Vocalink and Mastercard Send which the Mastercard CEO described as "the killer app".
For ESG it is the cross border volumes which actually matter as these are sent via the Homesend network.
From Mastercard Q218 results today - cross border volumes up 19%
"Powering All Payments – We continue to provide choice to consumers, corporates, merchants and issuing partners, both with our core card rails and in driving account-based payments. In the past few weeks, we noted how we are bringing our Mastercard and Vocalink assets together to offer one, convenient, end-to-end solution in the UK. Mastercard Send will be connected to Faster Payments to enable a variety of P2P and B2C payments. And, as Worldpay makes our Pay by Bank app available to its merchant customers in 2019, they will benefit from the increased convenience and security"
Part of pymnts H118 B2B summary - "Best of B2B so far"
"Mastercard Sent Steps Into B2B
Mastercard, too, has been making deeper inroads in the commercial payments space. Last May, the company explored how its Mastercard Send solution, which began as a peer-to-peer (P2P) push payments tool, would break into the B2B market.
As part of that effort, Mastercard enabled push payments to small businesses from other companies via the Send solution. For instance, the tool can be used by insurance firms to push payouts to small business policy holders, adding funds to a client’s small business debit card.
On-demand payroll is also emerging as a top use case for Mastercard Send, according to Shari Krikorian, senior vice president at Mastercard Worldwide.
“On-demand payroll is big,” Krikorian told PYMNTS. “It reflects where the world is going in terms of freelance workers and 1099 workers.”
As Mastercard looks to broaden Send throughout the globe, Krikorian explained that the firm will also introduce new capabilities for the solution, including disbursements and micro-loans."
https://www.pymnts.com/news/b2b-payments/2018/visa-mastercard-gdpr-amex-boa-blockchain/
Homesend and ESG appear to be getting little credit for this potential.
Neat little contract win for the legacy business - $1.25m over 3 years. Not life changing, hence the non regulatory announcement, but showing it is still ticking over nicely.
Ticks up 0.425p on very little activity.
I think patience will be rewarded eventually on Homesend, although the wait drives me nuts sometimes.
If the "boulders" do eventually arrive, then this could well blow skywards in a massive way - a very small percentage of $trillions will be a dazzling amount of money.
- but in the wrong direction at present.. Pity it appears weak at present when in contrast Mastercard appear so bullish on Homesend - "The U.S. market was the next evolution, she said, and the company plans to do P2P, disbursements and a variety of other use cases in that market to provide a full-service value proposition to its customers to reach any consumer, not just those using Mastercard-branded products. She said Mastercard is also working on growing and expanding Send in markets around the world to ignite card-based push payments" https://www.pymnts.com/mastercard/2018/send-b2b-p2p-push-payments-b2smb/
Will we see this go through 10 soon?
A bit old, 20th September 2017, but interesting nontheless - "Ultimately, he writes that MasterCard, with HomeSend (that reaches beyond card-linked accounts), Vocalink (a "truly new payment forms"), and Mastercard Send, is better positioned than Visa, which has Visa Direct, to take advantage of this new opportunity: The new set of rails offers MA different business models. Being an infrastructure provider is important and offers the foundation for more sophisticated products. The real money in faster payments is in the overlay capabilities (scheme and apps) added on top of the rails, with pricing similar to a card transaction, a % of the transaction value" https://www.barrons.com/articles/is-mastercard-better-positioned-than-visa-in-the-fintech-space-1505915159
Mastercard Q118 results - "Of particular note was cross-border volume, which gained 21 percent as measured in local currency, and driven by Europe. That growth has moderated slightly through April 28 and stands at about 19 percent, said management" "The company is making progress with Vocalink, he said, with RFPs out in the field. As illumination of the potential of faster payments, he offered the example of the PromptPay mobile system in Thailand, where the international payments function is underpinned by Vocalink. As of April of this year, said Banga, 14 million customers have signed up, with 170 million transactions logged cumulatively since January 2017, and $16 billion in business and consumer payments seen in the past six months" https://www.pymnts.com/mastercard/2018/earnings-q1-stocks-wall-street-cross-border/ And from lomontang on ADVFN - The President and CEO of MasterCard, Ajay Banga, said "And then the last one which we're actually quite focused on and which shouldn't be the last but it's just that way I'm talking about it is actually capturing cross-border B2B payments. That's where Mastercard Send and HomeSend on the one hand combined with Vocalink on the other is to me the killer app.'
"Mastercard announced news that former United States Trade Representative Michael Froman will join the company as vice chairman and president of strategic growth. In a press release, the payments company said the newly created role will be effective as of Monday (April 16). Mastercard noted that back in 2015, it set a goal to bring 500 million new consumers and 40 million small and medium-sized businesses into the financial mainstream by 2020. The effort, it said, starts with access to financial tools and services From 2013 to 2017, Froman served as the U.S. Trade Representative � President Barack Obama�s principal advisor and negotiator on international trade and investment issues." https://www.pymnts.com/personnel/2018/mastercard-services-michael-froman/ Remember when Obama specifically referred to Homesend in a speech while in (I think) Kenya?
M Pesa customers in Kenya from today linked to Paypal. https://www.pymnts.com/news/mobile-payments/2018/kenyans-connect-m-pesa-accounts-paypal-safaricom-mobile-wallet-transferto/ M Pesa is already linked to Homesend https://newsroom.mastercard.com/press-releases/homesend-and-vodafone-to-extend-m-pesa-remittance-agreement-to-five-new-markets-in-2016/ Interesting. Do they compete or are they complimentary?
Mastercard appears to be advertising for a new VP. Estimated salary $200K. https://www.linkedin.com/jobs/view/vp-mastercard-send-product-management-at-mastercard-642638339 The ad first appeared around 29th March 2018, which coincidentally was a couple of days after ESG announced that Mastercardserd had won the contract with one of the world's largest global financial institutions. Obviously "manning up" for growth.
"New research forecasts significant growth for the cross-border B2B money transfer industry. Juniper Research published its latest analysis on Monday (March 26), forecasting the global B2B money transfer industry to see a $218 trillion valuation by 2022, up from its existing $150 trillion valuation. Researchers juxtaposed the statistic with global GDP valuation, which hit $77 trillion and is expected to rise 3 percent in 2018."
https://twitter.com/Broker_Ratings/status/978574923592601601
"The rapid build-up of bank and financial institutions now enabled to exploit the HomeSend network has provided eServGlobal's Board of Directors with confidence that the JV's pivot into the bank-led market is succeeding and has provided a volume platform for the future of the business. This spread of volume is critical to a small growing business and HomeSend management have skilfully navigated that path and de-risked the challenges faced by many start-ups."
https://twitter.com/RatingsNetwork/status/978555885684477954
Hugely significant https://www.investegate.co.uk/eservglobal-limited--esg-/rns/homesend-reaches-commercial---execution-milestones/201803270700069998I/
Market doesn't like this, "eServGlobal's core business revenue is expected to fall short of previous guidance and revenue will be in the range of �8.3M to �8.5M. This is due to delays in the signing of certain significant orders." However, the shares have not taken a big hit in the way Dignity, for example, did.
The RNS states M&G Investments has 48.5m shares or 5.35% of the equity. They have been buying since Nov 2016 (1) and on Jan 4th they topped up with another 10.6m shares. (1) On Oct 30th They initially subscribed for 31.8m new shares as part of ESG's institutional offer announced on Oct 20th.
can't open pdf at all in rns
Indeed good to see. This will do well this share just need the news and people aware.
A bit of volume here today. 3x 100K unit buys. Someone loading up?
Tomorrow is the last chance for retail investors to take up their allocation at 3:1 and 9p a pop, I've notified that I want to take up mine. Thanks for the link, theheirarchy, he seems upbeat.
http://www.cambridge-news.co.uk/business/business-news/could-online-payments-firm-boost-13853121
It's good that they are offering retail investors the opportunity to participate in the placing rather than leave it all to the institutions. Somewhat surprised that the share price has risen so much ahead of the placing price. Maybe people worried about a placing now know the price and can now add to get even more at the 1 for 3 offer. I will definitely be taking up my entitlement, as I did at the last one.
Broke out from 8.3 reistance on 2/10. It reached 12.74 on 10/10 and fell back to 9.44. Today they announced a �24m fund raise and the share price goes right back up. PS: The gushing statement on the 10th Oct by the Exec Chairman illustrates that prospects are more than good and ESG is going places. Wait and see.