Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yes, I can understand that. Buy up the opposition.
But has anyone done a comparison of the 2 systems?
Is Homesend markedly better than EPO's systems?
Is there any chance the Mastercard would ditch Homesend in favour of EPO's system?
So Visa have none.
Why would Mastercard want 2 cross border payment systems?
EPO is now 37p. The Mastercard bid is 33p - so the market thinks the bidding ain't over yet.
Immediately prior to the Visa bid EPO was 7p!
Amazing, but true.
The present bid values EPO at around £220m - effectively peanuts to Mastercard.
I can see how EPO would be valuable to Visa - but where would it fit in to Mastercard as they already have MastercardSend/Homesend?
Or is Mastercard simply trying to deprive Visa of a useful addition to their offering - so if Mastercard gets it it will simply shut it down.
I believe much of Microsofts success was predicated on Bill Gates buying up any rival of significance and then shutting them down - leaving Microsoft ultimately as the only player in the game.
This bidding war perhaps gives an indication of just how valuable ESG may become in time.
from Mastercard?
£273k
and £13k buys this morning did the trick
flying up now
No, its Mastercard with knockout offer for EP. Will ESG be next?
Mmmmm......
Earthport bought by Visa for £200M - a premium of around 300% to the pre offer price.
Total Revenues £31M of which payment transactions £19M, loss £8M, Value of payments processed £10Bn.
Obviously a system more commercially advanced than Homesend, but EPO doesn't (didn't) have the backing of a major card payments processor to facilitate rapid expansion.
Interesting that the market appeared to significantly undervalue the EPO business.
Looks like a small amount of chunky buying going on - but insufficient to boost the share price.
There has been past speculation that Mastercard would ultimately wish to buy out ESG and thus control the whole of Homesend.
Bearing in mind ESG is now worth circa £50M, and after raising £20M cash only a few months ago (much of which is still retained), not to mention the fundraising last year, you would think that if they were going to buy the business, now would be the time to do it. They would be getting it almost for free.
There is the legacy business to still be dealt with, but this could be sold in time, as ESG is trying to do anyway.
I'm a sceptic on the buyout theory myself, and see this as a long term cash cow, growing as Homesend grows.
That said markets generally, and ESG shares, may go much lower in time, important for us as shareholders, but probably not so much of a concern to Mastercard itself as it would take the long view and not be so concerned by market gyrations.
So my take on this is that as Mastercard are not buying now, they never will, and profits from Homesend will ultimately accrue to ESG.
a delayed 30 grand sell?
someone was given the nod about todays RNS lol
not good
price falling further
placees must be happy now
thinning out now selling drying up and a double bottom
hopefully should start moving the other way again soon
markets are dire so who knows could fall further if it gets dragged down with rest of market
the 6.25p placees are well happy here
sp has been dire since the placing
If you're willing to take a little risk, this has to be one of the best bets presently available, considering the partnership of Mastercard.
Very interesting.
ESG is one of the few shares I presently own, as I'm now mainly holding cash.
However the silence is deafening! No news anywhere following the fundraising.
However I remain confident, as much as one ever can, long term, that this should be a winner.
http://www.safestocks.co.uk/2018/11/19/eserve-global-a-bargain-share-powered-by-mastercard/
Mastercard cross border volume up 17% Q3 yoy and 19% ytd.
https://s2.q4cdn.com/242125233/files/doc_financials/2018/Q3/3Q18-Earnings-Release.pdf
Mastercard cross border appears to be running approximately almost 20% vs 10% for Visa.
Question is how much of that goes through Homesend?
Subject to products existing before 2014 Homesend is the preferred gateway for Mastercards global remittance services.
Looks good for future growth.
As for the takeout price - I wouldn't even want to hazard a guess - too many variables - but hopefully considerably north of the present share price.
But I expect considerable general market volatility to continue. So maybe not good for the sp short term.
I was wondering what the take out price for Homesend might be?
Visa has reported cross border volumes up 10% in Q4 and for the year overall.
Lets see if Mastercard beats.
"Hold" is due to the choppy markets.
buys
Now 24%
I'm gonna wait for Mastercard to bid for eServGlobal’s interest in Homesend.
As long as there are CFD involvments by a major shareholder I would take care. Valuation metrics also high and having them become more reasonable relies on a few things going to plan.
Tempted but will pass on taking part and no longer hold, will look to rejoin when it settles. I might miss the bus but feel uneasy and a fall sub 6.5p is very possible.
Good luck.