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The OPAY,s Are saying GOODBYE The PAYS Are saying HELLO Come and visit us y'all
Admin, can you transfer all these valuable posts to PAYS please?
Are we still using this board or have we been moved elsewhere?
Just tried to look up PAYS.L but it is not recognised.
Press release at https://www.paysafe.com/fileadmin/user_upload/15_11_10_Paysafe_Q3_Trading_Update_FINAL.pdf
paysafe provides Q3 trading update ,results in tune with expectations
seems like new ticker still not recognised-so when is the changeover-I would have thought before opening of trading today would have been a good time but I note RNS was not specific-just sometime today
See yesterday's rns. The company is now Paysafe ticker PAYS.
I'm going back to bed.
I'm going back to bed.
So did I.
thought there would be a trading update and further explanation on previous hacking issues to prelude markets day where is it|?
Let's hope it's a self prophecy!
Hello PAYSAFE !!! new ticker from tomorrow PAYS.L GLA
I think Moorhey what your anecdote highlights is that the up and coming generation are digital savvy and are not afraid of change and happy to utilise new entrants that are plugged into their "lifestyle" choices. I think we are in for a very fast pace of development in this space over next 5 yrs - this is a real challenge for the existing "mature" business - they will need to adapt or see their business shrink. Apparently some 37% of all transactions in EU are still cash and or cheque - so huge market opportunity. The Paysafe card could well be a jewel in the crown to be an alternative to the monopoly of Visa/MasterCard and disrupt - merchant adoption is all that is required and if it provides a cheaper alternative then it will be adopted by merchants. The change of name for me is the clue to future strategy. Likewise I think GS has hit nail on the head - unless the market starts to understand how well placed PAYSAFE is to capitalise on this opportunity and moves up the price to eradicate the discount to peers then PAYSAFE is potentially a very attractive bid target for some large and existing "old world" business to play catch up and also be earnings accretive. Time will tell.
A couple of comments: 1. Opay is currently valued on the basis of its earnings post the takeover of Skrill, not on its own results for 2014. 2. That places it at a DISCOUNT to its peers. There appears to be little credit in its valuation for future growth. 3. There are a number of reasons for that. These include a reservation over the ability of the management to deliver a smooth "consolidation" of the two businesses, its involvement in gambling and its dependence on a large Chinese customer. 4. There is nothing wrong with buying a company with borrowed money. It is the PREFERRED route for most companies if they can as it does not dilute shareholders. 5. Bankers are interested in collateral and return. It is their job to be risk averse. All of which adds up to the simple fact that OPAY appears to be vulnerable to a bid from a much larger business that is either already in this space or wants to enter. That bid would certainly be at a premium. I think the hope of many here is that there is a bidding war. It is certainly mine as I am interested in annual rates of growth in my portfolio and it is unlikely that OPAY, no matter how well it does is going to beat a six month return (in my case) of about 100% if we see a bid this year at a price needed to knock the opposition out. GS
It would seem that you and me Wolfhound, are on the same page looking 5 years ahead and not 5 weeks. Yesterday, I was taken out for lunch by my "boys" aged 24 and 22, and they both (without prompting - we were talking about internet gambling) recommended using Skrill as a payment method, and said lots of their mates held skrill accounts. Me? I'd never heard of Skrill before OPAY bought the company! Yes, there is the strong possibility that a 3rd-party will come along and try and make a takeover bid, but that bid would have to be fairly significant. Much of the current market valuation is based on the premise of growth (OPAY only generated $59 million profit on $365 million revenue last year) but, even at 2014 figures, if you compare OPAY to similar internet-based finance companies, any bid would have to be at least double the current market valuation of £1.65 billion, and more likely a lot more than that. Then you have to ask, who are the potential bidders? And it is not good enough just to real-off names, they have to be companies with shed-loads of cash. Otherwise, as with VISA buying VISA Europe, most of the purchase money is borrowed. And if the purchaser doing the buying is using finance, who would you lend the money to? A big company with dead management trying to find growth by buying a fast-growing innovative market leader - or the brilliant management of a fast-growing market leader wanting to leap-frog into the FTSE100 by buying a sedentary dinosaur needing new blood? The OPAY management have done it once already in buying Skrill, so why not do it again? I know who I'd lend my money to, but then I'm not a banker.
With more and more payments going digital - can't help thinking that the rebrand to PAYSAFE group is a master-stroke - leverages heavily on the existing PAYSAFE card and I think JL is the man with a plan and may just be a bit of a genius. If we think 5 yrs ahead to new world we are likely to see less use of the traditional payment via credit cards and more towards electronic payments as we shift online ( if reports are to be believed) which will no doubt allow the likes of PAYSAFE to eat into revenues of the likes of Visa and MasterCard. Investment and Technology agreements by Visa initially into Monetise subsequently abandoned in favour of Stripe makes me conscious that they are fearful of new entrants eating their lunch and have taken steps to at least get some handle on the fast pace of technology change in this space. MasterCard as best I can judge have been a lot less visible in their strategy unless they of course they have a buy not build strategy.... The only question is will we be independent long enough to realise something along the lines of above......
http://www.forbes.com/sites/thomasbrewster/2015/11/05/optimal-payments-hack-investigation/ well worth a read for further info and how opay are handling this.
... I think £3.65 is rights adjusted. Given CMD on Tuesday I would not be at all surprised to see 3.65 broken on Monday, but the sp may well take a step back sometime on Tuesday... However, assuming an upbeat update and a clear timetable to listing I would have thought that £4 before Xmas was perfectly feasible. I also think that the market either has to rerate OPAY to bring its valuation into line with its peers, or we will see a bid - because it is undervalued - at which point all sensible predictions go out of the window. GS
you have to class £3.65 as the high, I think we will break that, maybe not next week as I would expect a bit of profit taking, certainly at the start of the week. Saying that with december being a strong month and the momentum the share has I can see us breaking that range before the new year
All I am saying is in my opinion we will reach £3.65 and higher next week .On HL the year high is the figure I've stated.Which is the right figure?
go check the charts tab on this page--560p end March beg April simples but no chance or reaching that this year unless a takeover
According to HL the year high is £3.65 seems realistic to me .
Can't see the SP spiking much over £4.50 this side of Christmas even with a Santa rally, but would love to be wrong!