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It is impatience that is dragging it down and those sellers will dry up.
Thanks @wolf, and yes it's just general despondency rather than any active decision. I've already done quite well off the back of this share over the past 18 months (although could have been much better). It's just frustrating not having seen anything in the way of progress since the buyback announcement.
@primitive - I suggest you have a look at the graph just prior to the Skrill acqn - the s.p then like now traded below the 200 MAVG for an extended period - it was still trading at about 5% below the 200MAVG when Skrill was announced - at which point the sp increased by 40-50% - and like then there were alot of despondent posters on this and other BB's - then like now PAYS was showing stong growth in profits and cash but it wasn't being reflected in the sp. the Skrill announcement was made on same day as the release of the full year results - which is now just 30 days away to 7 March - worth seeing if history repeats itself IMHO
Surely this cant still be the shorters trying to drag the SP down? Is there something else at play here? It does seem to be following the 250 trend generally. Seems to be a lack of info coming out generally.
Taken a back seat as close to my average. Will wait on sidelines and see where this is going. Really surprised at this given the buybacks.
I agree comeonvog - credit where it's due..... Some very good posters on this bb 👍
I hold a few shares in my isa and have a large long position open via a spread bet so hoping for a slight bit of stability and il add more. Hopefully news soon then. Gl
Pleasure Andy - I should have added - an aggressive buyback pattern might actually have been a concern to me - I would have interpreted it there was nothing boiling away in the background - GLA
Cheers wolf just wanted someone else's opinion on the matter. Makes sense
The Buybacks have been fairly subdued IMHO - my view is that the Board are intentionally not being aggressive with the buybacks and are just using it as a means of keeping price relatively stable - possibly because they will be making an announcement that will absolutely rocket the sp in due course, whilst 7th March is possibly most likely date - it could just as easily be before then
Does anyone feel the company could buy back at a faster rate then currently? but also if the price goes down then pays will accumulate more shares at a lower cost taking more share out of circulation will in crease the price later on in the year thoughts on this anyone.
and im buying back my trading pot. Thks to GSmiley,wolfhound,Technie for all your input on this board. always a joy to read on here. GLA
Thanks Technie and GS. Valuable comments. The rate at which it is falling I am with you. Not far from 360 now. Sometimes I feel it is a gamble and not investment as you are a puppet in front of these big funds who can short at will and manipulate the price. Not a fair game.
As we move further away from the 12th Dec and closer to the 7th Mar - i think the share buyback and the reduction in reported shorts will see sp stabalise around these levels and march onwards to about 425p - barring a wider issue in the market. If we get an announcement of the 7th re a "bold M&A" then sp will fly - by anything from 50-80% IMHO depending on the deal. Edison report is out to today and even assuming minimal 10% growth - 2018 will see EPS of 51c - that is a PE of 9.1% half of what we were (18.4) prior to skrill acquisition. Yet the skrill acqn diluted the bet 365 revenue contribution from 30% down to about 13% - so a 50% discount has been applied despite "perceived risk" being halved - that only makes sense in the world of make believe and fairytales - if we continue to languish below fair value a competitor will make a bid for PAYS
For me it is 3 things: 1) The chart 2) The share buyback. It was a couple of weeks ago but you could actually see a buyer step in below mid 360s. I saw it on a short term chart. It just reversed out of nowhere. That's the first time I have seriously considered activating L2. 3) I pay attention when GS likes an area. This area on the chart has acted as both support and resistance previously. Having acted as both adds to it's significance and the fact it stands out on a Weekly chart means I attribute further importance. I've dropped arrows on to show where price has respected it before (I've posted a Daily chart). There's also a fib retrace in the same general area. I'm placing less emphasis on the fib though as I'm not sure I trust that the low price is accurate. I've marked my potential buy zone with a red box. I'm not putting any orders in. I will want to see some sort of bullish price action in real time if price makes it down there. https://td.md.it-finance.com/ProRealTime_V10_2/display_chartimage.phtml?name=ezslwyfb0zwopejphujdy3yua&type=png&purpose=share_twitter
You will get different answers from different posters. I suspect the technicalists(?) out there may point to some resistance around 360. In my case it is the price below which the argument in favour of buying stock looks overwhelming. I won't buy if it free falls past 360, but if the sp gets there and then sticks, I will tempted. Although as I already own enough here - despite someone's post to the contrary - there is no hurry on my part. Just greed. GL GS
Hi, Can I ask how 360 has been derived as the share price which everybody is waiting for ?
Yes I agree. Long term it will come good...but short term likely to drift lower. Was it on this biard that I read "the stockmarket is a machine that transfers wealth from the impatient to the patient". Agree also on the quality of the postings on here.
Would be nice see a blue day sometime soon but would not surprised to see this go to 360 at which point i might buy another lot. This is one of the more sensible boards on LSE and one i actually take notice at whats said.
a lot of buyback, sp is still falling. so bad.
One thing of course, with the low SP, is that PAYS must be a takeover target - especially from North America!
Last time I made a killing on the TU. Unfortunately this time Paysafe is perceived as damaged goods which I misread. The Board is going to have to drag the investors out of this mess to fully reverse the damage done by the recent Spotlight hand grenade. I got greedy this time, but time will heal and I will be back in the money at 399. I am supremely confident with this company's mid to long term ability to deliver.
Nice post. My sentiments entirely.
The bottom line is that since the end of October the shorts have hauled the SP down by "legitimate" [in the eyes of the authorities] and foul. It is going to take some time for confidence/ sentiment to return in our favour. In the meantime patience is the key!!!
@jh - thank you @frisby - And to think that back in December you thanked me for my "wise words'. I see you are not a frequent poster here, but if you check my posting history you will find that I have always tried to be clear about what I thought and why. I went to see LalaLand last night and thought it a complete waste of time. The person I was with thought it was brilliant. We agreed to differ. So you and I differ over the update, and there is no point in arguing over it - the market seems to be judging it and DESPITE the buyback the sp is falling. If you had bought as a result of that update you would be nearly 10% under water today. QED. However as far as long term holding is concerned - I have been here in some numbers since 2007. I have no regrets over that and I have no intention to sell my "core" holding any time soon. I suspect I have held more shares for a lot longer than you. Your biggest blunder is to think that my interests should be aligned with yours or anyone else's. My sole intent here is to make money. Our interests can only possibly be aligned if that is your aim also. And even then you may have a long view while I have a short one. I post on this bb and a couple of others because I think there are other sensible investors with views that should be considered. I trade my (hopefully sensible) views for theirs. But I make my own decisions. So please make absolutely no mistake. If one of us makes money at the other's expense - that is just the way it goes. It would simply be the result of a difference of opinion. GS