The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Good news today - Asian expansion in China, Hong Kong and Singapore: Http://www.investegate.co.uk/safecharge-int-grp--sch-/rns/safecharge-asian-expansion/201702280700099865X/
Any thoughts on PAYS buying SCH? GS
Forecasts for 2017 range from Shore Capitals's 17.23p EPS, with a 15.02p dividend, to Canaccord's 19.43p EPS with a 12.06p dividend. And at y/e 2016 there are cash/equivalents of $124m = £100m = 67p per share with no debt. With a forecast of say 18p EPS and at least 12p divi for 2017, at 238p SCH are trading on an ex-cash P/E of just 9.5. Here's a new interview with SCH's COO: Http://www.financemagnates.com/forex/brokers/coo-safecharge-talks-regulation-future-payments/ "COO of SafeCharge Talks Regulation and the Future of Payments Yuval Ziv talks with Finance Magnates in an exclusive interview. Yuval Ziv is COO and Managing Director of SafeCharge Bulgaria. He is responsible for SafeCharge’s relations with acquiring banks, payment providers, and third-party suppliers. Finance Magnates sat down with Ziv to talk about SafeCharge and the payments market. SafeCharge has recently taken a minority stake in Nayax. What does this say about the firm’s current direction? SafeCharge is implementing its strategy of becoming a multi-channel payments technology company and as such Point-of-Sale is an important part of our offering. The minority investment is to be used by Nayax for further expansion of its service and growth of the business. Tier 1 customers are targeted by SafeCharge. What sets SafeCharge apart from the competition? Our uncompromised determination to serve highly demanding businesses from various sectors of ecommerce along with a broad range of products to choose from: multi-channel checkout, cards acquiring (proprietary and 3rd party), alternative payments, risk management, cards issuing that are all built on our proprietary technology platform and are accessible to developers using the latest user-friendly REST API. In addition, we have created a winning team encouraged by a can do attitude across the organisation resulting in an extremely high level of customer satisfaction – this is a huge aspect that sets us apart from other companies in the payments domain. What advantages does SafeCharge provide to its online trading costumers? Our technology platform is highly robust and designed to last and we are extremely proud of its uncompromised uptime and availability. In addition to this, the service is fully transparent to clients, such as the simple onboarding process and transparent financial model that provides detailed reporting allowing a drill down to a single transaction level. Additionally, we have built in support for bi-directional payments for both cards and alternative payments so the platform is designed to facilitate payments from trader to broker and vice versa. These are some of the unique benefits that are available to our online trading clients. Where do you see growth potential in the market? As a payments technology company we are positioned to support variety of demanding businesses operating in the digital economy and we are in a unique posit
here over the last 10 days or so whilst I've been away. Ticking up again today on small buys, so hopefully our seller has disappeared. Lots of upside here imo - and if there's a large acquisition from the £100m+ cash pile then the share price could rocket 50%-100% if all goes well.
Good news just out: Http://www.marke****ch.com/story/bet-entertainment-technologies-selects-safecharge-payment-services-for-regulated-sports-betting-in-portugal-2017-02-02 "Bet Entertainment Technologies Selects SafeCharge Payment Services For Regulated Sports Betting in Portugal Published: Feb 2, 2017 2:01 a.m. ET Tailor-made deposit and withdrawal solution designed to fit unique requirements of newly regulated Portuguese sports betting market SafeCharge , a leader in advanced payment technologies, has been selected by Bet Entertainment Technologies to provide a range of advanced online payment services for its Portuguese market-leader operation (bet.pt). Powered by software provider SBTech and regulated by the SRIJ, Bet Entertainment Technologies provides online sports and casino betting for the Portuguese market. The deposit and withdrawal journey for Portuguese players is enriched with access to localisation capabilities such as language, currency and local payment methods. SafeCharge's Personalised Cashier, a customised deposit and withdrawal solution, is directly integrated into SBTech's Sportbook and iGaming platform. The Personalised Cashier solution provides the ability to make deposits and withdrawals seamlessly with unique localisation capabilities such as diversification of global and local alternative payment methods, specifically preferred payment method Multibanco, multiple currencies and languages. Sophisticated fraud prevention technologies improve Bet Entertainment Technologies' internal risk operations across both cards and alternative payment methods. SafeCharge's integration into SBTech's platform accelerates time to market for Bet Entertainment Technologies as well as enhancing service functionality in terms of improved player experience. "We needed to go to market in a very short amount of time and payments presented a big challenge. Efficiency of withdrawals and deposits, whilst adhering to stringent regulations, is critical to our business, and optimising the process was a major task. Furthermore, we needed a technology partner that is integrated with SBTech's platform to speed up time to market and reduce the operational burden," said Gabino Oliveira, Chairman, Bet Entertainment Technologies. "SafeCharge's payment services not only met but exceeded expectations in terms of implementation, delivery and ongoing payments expertise." "Bet Entertainment is an exciting, forward-looking company just starting out on its online journey. Using our payments services its players will benefit from maximum flexibility in terms of deposits and withdrawals along with a compelling user experience, total transparency and unparalleled security. We're confident this will not just support but accelerate Bet Entertainment's online growth," said Yuval Ziv, COO, SafeCharge. "The integration with SBTech also means that anyone else using this leading platform can also rea
Great to see NT buying in, he's a shrewdie. And he normally holds for a long time - often a number of years - unless the story changes. He's certainly made the difference here. It just needed a spark, and like him I can see 300p on the horizon, and more if SCH make a decent acquisition with the cash pile.
Naked Trader has bought in: "I bought some Safecharge (SCH) which we discussed at the seminar. Four reasons for buying. A. It looks cheap. Trading on a low multiple looking at forecast next profit and the current market cap. I would rate it nearer 300p. B. It has tons of cash. C. It pays a massive dividend, more than 6%! D. It looks a sitting duck for a takeover from a bigger payments company such as Paysafe or Worldpay. (Obviously just a thought on my part!) Downside? Perhaps it could lose a major customer. And its shares look a tad suspiciously cheap but I am willing to take that risk! And there seems to be a big supply of shares stopping upside. Anyway I have bought quite a few as the upside points seem to outweigh negatives. As I explained at the seminar, negatives must be pored over!"
Rivaldo - that is an impressive move by management after an excellent trading update. Clearly they feel shares are too cheap at 1.95 and this will improve earnings figures. I just wonder if they have plans for the remaining $120m cash pile to be spent on strategic acquisitions. Internal growth of 10% y-o-y Ebitda was a surprise. Hopefully back to 250 soon Purchase of own shares SafeCharge (AIM: SCH), a leader in advanced payment technologies, announces that on 23 January 2017, it purchased for treasury 2,200,000 ordinary shares of US$0.0001 in the Company at price of 195 pence per share.
This morning's bounce suggests that hopefully the buyback really has cleared out the seller.
Great to see SCH buying back £4.3m of shares in one hit at a bargain 195p - this must surely have reduced the seller's ammunition to not much if anything at all: Http://www.investegate.co.uk/safecharge-int-grp--sch-/rns/purchase-of-own-shares/201701240700088930U/
Today's update looks good and solid to me, with adjusted EBITDA up almost 10% on last year and an $124m cash pile. Plus a record-breaking Q4 augurs well for this year, along with the closing outlook statement: Http://www.investegate.co.uk/safecharge-int-grp--sch-/rns/pre-close-trading-update/201701190700105488U/ "The Company remains confident that its focus on higher quality earnings from its healthy pipeline will yield continued revenue growth during 2017, building profitable momentum into 2018."
@threeputt - Sorry - I mispoke. It is controlled by Israeli shareholders. Guernsey is a flag of convenience for many companies including SCH.
SCH was reviewed briefly and positively in Saturday's SCSW, noting amongst other things that "The share performance has been rather at odds with strong underlying trading and good volume growth". They conclude: "The eps forecast for the year about to end is 16.6p lifting to 17p next year. Keep holding / buy on weakness". In other words - buy now :o)) And news of a new client win: Http://www.marke****ch.com/story/games-publisher-madmoo-selects-safecharge-to-deliver-in-game-payments-for-multi-player-title-rage-war-2017-01-09 "LONDON, Jan 09, 2017 (PR Newswire Europe via COMTEX) -- LONDON, January 9, 2017 /PRNewswire/ -- Game monetisation made simple with SafeCharge's advanced payments solutions SafeCharge (lon:SCH), a leader in advanced payment technologies, today announced that it has been selected by Madmoo, a leading browser game publishing house. As part of the agreement, SafeCharge will provide in-game payments for Madmoo's new title, Rage War created by game developer, Fury Studio. Implementation of SafeCharge's advanced payments solutions has enabled Fury Studio to boost approval ratios, deliver an improved checkout experience for players and reduce fraudulent transactions. SafeCharge provides a range of payments products and services including a customised Personalised Cashier, a comprehensive back office featuring advanced reporting tools, and robust fraud prevention capabilities. In order to market the game globally, SafeCharge has enabled a number of local payment methods, currencies and languages to provide global coverage. etc"
Thanks fellas! I guess with small Cos like this their shares tend to be volatile without a stream of positive news, as buyers lose patience or percieve better opportunities elsewhere. Certainly widely spread geographically so should additionally benefit from £ devaluation, all being well.
patience as you say, from the trading update: "Trading ahead of the 2016 year end remains strong" "In line with expectations", gives a healthy p/e of around 12, and without including the healthy cash position over $128m in cash at interims 6% annual divi It is not an Israeli company, "The Company is incorporated in Guernsey and is governed under Guernsey Law. The Group has operations in the UK, Cyprus, Bulgaria, Israel, Germany, Austria and Ireland. The Group’s main regulated operations are in Cyprus" It wouldn't surprise me to see a rise into results in March.
I think patience is the name of the game here. Pros: 1. It is a market segment that is growing rapidly 2. It seems to be executing its plan well 3. The dividend yield is very good (6%+ this year I think) 4. It is throwing off cash. 5. At some stage someone will start to draw comparisons with PAYS. Cons: 1. It is an Israeli company (look at XLM for a comparison) 2. One of its prime movers has a criminal record - I forget the details but a long time ago. 3. The last trading statement was a "steady as she goes" sort of thing. Not as exciting as people wanted so the sp suffered. If all of the above is correct, the sp will recover OR there will be a strategic investment from outside, OR it will get bought. In the meantime enjoy the tax free yield in your ISA or SIPP and wait for the gain to come. GLA GS
Someone is selling. Or waiting for more good news? Despite glowing prospects and overseas expansion, SP down 16% last year and 22% in two years. This has not been the investment I hoped would do well, so far. Or is there just too much good news with this Company? Views?
One to watch in 2017
Good news today with a new strategic investment - Nayax are pretty sizeable: Http://www.investegate.co.uk/safecharge-int-grp--sch-/rns/strategic-investment/201612160700080136S/ "About Nayax Nayax, a global IoT platform for unattended payments, telemetry and management tools, uniquely developed for the retail market was established in 2005. Over 200,000 devices are using Nayax solutions worldwide, in more than 45 countries. Nayax's line of innovative products allows unprecedented marketing opportunities and capabilities for unattended machine operators to engage with their consumers. Point of sale options are flexible in order to enable future-proof cashless payment options from around the globe, including mobile payments, credit cards, QR codes, Nayax's proprietary Monyx wallet app and other social wallets. Nayax's solutions are compliant with all automated machine protocols and are plug-and-play with all machines. Nayax's goal is to bridge the gap of the unattended market and to transform point-of-sales into a 24/7 neighbourhood store. www.nayax.com"
Shore Capital issued their latest forecasts on Friday. They are: - this year : 15.76p EPS, 13.95p divi - next year : 17.23p EPS, 15.02p divi Next month SCH will therefore be on a current year P/E of just 12.7, with a 6.3% dividend yield. And with £100m+ of cash representing almost 30% of the m/cap!
Good summary of why this investor would buy SCH - and it doesn't even mention the £100m+ cash pile..... Http://money.aol.co.uk/2016/12/02/why-id-buy-safecharge-international-group-ltd-over-monitise-plc/ "Why I'd buy Safecharge International Group Ltd over Monitise plc By The Motley Fool Dec 2, 2016 Payments services provider Safecharge(LSE: SCH) has released an upbeat trading statement today. It shows that the company is making good progress with its strategy and is on track to meet full-year guidance. It also provides clues as to why it's a better buy than Monitise(LSE: MONI) at the moment. Strategy progress Safecharge's strategy to win tier 1 customers is progressing as planned. In new verticals, it's now processing and acquiring European card transactions for Nayax, which is a solutions provider for the unattended machine industry. This includes vending machines in over 100,000 locations worldwide. In traditional verticals, Safecharge has higher quality revenue after tier 1 client wins such as PaddyPower Betfair and Sun Bingo. This should provide it with greater stability and resilience, while also boosting its growth rate. In new markets, the company is now operating in Italy, Romania, Portugal and Poland. This increase in geographic diversity reduces the company's risk profile, while also allowing it to access potentially higher rates of growth over the medium term. And with a new office in Singapore as well as expansion within the travel and airlines market, the outlook for the business is very encouraging. Looking ahead Safecharge is forecast to record a rise in its earnings of 28% in the current year, followed by further gains of 12% next year. On their own, such strong growth rates have the potential to improve investor sentiment. However, when combined with a price-to-earnings (P/E) ratio of 14.7, it equates to a price-to-earnings growth (PEG) ratio of 0.7. This indicates that there's a wide margin of safety on offer, which should lead to substantial share price growth in future years. In addition to growth and value appeal, Safecharge also has excellent income prospects. It yields 5.5% from a dividend that's covered 1.2 times by profit. Alongside its high earnings growth rate, this indicates that there's scope for a brisk rise in dividends. Relative appeal The payments services market is relatively broad and highly competitive. One operator within the mobile payments space that has enjoyed success in winning major clients is Monitise. Its mobile banking platform has been popular with customers and consumers alike. And the bad news? The company hasn't been able to turn a successful product into a winning business model. For example, Monitise remains lossmaking and is forecast to be in the red in the current year. While it has the potential to turn itself around in the years ahead, Safecharge is the company that's performing well now. As such, it offers a much lower risk profile than Monit
Shore Capital very positive today: Http://www.digitallook.com/news/aim-bulletin/safecharge-trading-in-line-with-expectations-as-it-targets-tier-one-customers--2341542.html "Mobile payment provider SafeCharge International said it was trading in line with expectations as it as it moves to gain tier one customers. The AIM-listed company said that trading ahead of the financial year end was “strong” and that full-year results are expected to be in line with market expectations, while its strategy to win tier one customers in both traditional and new markets was making considerable progress. Within traditional markets, the company is benefiting from increasing revenues following recent tier one client wins including PaddyPower Betfair, Sun Bingo and Sisal. In new markets, the company is now processing European card transactions for Nayax, a vending machine payment provider, with over 100,000 terminals worldwide. Broker Shore Capital said this is the company's first major move into physical point of sale with potentially significant volume flows. In parallel, the rollout of its payments service for Israel's national airline, EL AL is on track. The company is also launching into new European markets in Italy, Romania, Portugal and Poland,and opened a new office in Singapore. Looking ahead, the company said it will enter the new year “having expanded its tier one customer base, with customers in new sectors, including travel; retail and unattended point of sale, new markets and with a strong pipeline which provides confidence for 2017 and beyond.” Shore Capital said it believes that both transaction volumes and acquiring services continue to gain traction with strong growth achieved, driving underlying revenue growth rates and operating margins. “We also note a continuing process of vertical and regional diversification, improving revenue and earnings quality, in our opinion.”"
Consensus EPS for the coming year is 18.21p EPS from 2 analysts - with a 13.71p dividend. And SCH also have well over £100m net cash, i.e almost a third of the m/cap. On an EV basis the 2017 P/E is therefore somewhere around 8. Simply far too cheap.
just out: Http://www.investegate.co.uk/safecharge-int-grp--sch-/rns/trading-statement-and-strategic-update/201612020700087571Q/ This stock is cheap as chips imo. SCH should be fundamentally re-rated upwards purely on fundamentals, growth and prospects for the current business alone. And one day we will also likely wake up to a large earnings-enhancing acquisition from the huge cash pile. I can see this being at least a one bagger from here if all goes well.
A couple of days of rises - hopefully the tide has turned here. With almost a third of the m/cap backed up by well over £100m cash, the ex-cash P/E must be in single figures even on the lowest forecasts for this year from Shore Capital of 15.76p EPS (with a 13.95p dividend).