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Just want to check I have this right: - As I am planning to hold on to my WPG shares which will become Vantiv shares listed on the London Stock Exchange at the rate of 1 share for every 14.88 I own.
Whilst I unwind from Pays. Looks good to move forward now.
get taken over. They keep terminating my agreement I don't have with them, because I don't pay them, then I get a letter stating thank you for renewing! when I didn't renew. We have never had their machines. And never signed anything to say we would have a POS, so despite legal & multiple letters and phone calls they still don't get it. Their tech system really is very cleaver at signing you up for a card machine when you have never asked for one. Maybe they are trying hard to make themselves look good with lots of new registrations coming in - ones that are totally fake ?? Good luck tot he new company I say - at least they may clean this mess called World Pay up.
so whats caused this? the offer is £3.85 or is another bid in the offing?
FTSE 100 payments processor Worldpay (WPG) agreed to be taken over by rival Vantiv in a cash and shares deal worth 368p per share at the time of writing. http://www.stockmarketwire.com/article/5580657/Worldpay-agrees-pound9bn-takeover-by-rival-Vantiv.html
What is the time scale in closing this deal, how many days?
Looks like mass sell off before World Pay gets delisted from London stock market! Take care if playing this one all! "If the deal goes through, Worldpay shareholders will own about 41 percent of the new company, with the British firm delisted from London's stock market. Vantiv Chief Charles Drucker and Worldpay CEO Philip Jansen will jointly run the new company."
hello, im relatively new to trading, but correct me if im wrong, if the offer from Vantiv is 385, and the stocks have now fallen to around 360....is it not a bargain to buy now?
so I wonder what that offer announcement was supposed to do for them other than have us PI's jump on it, hoping for the best ? Only to discover that the BoD may have off loaded a bit of their holding if they have anything left ? Be careful with this one please.
This is great news regarding a possible buyout / merger .... but what is the real price tag for this company ? UK competitors are after Worldpay customers and currently Worldpay I believe are matching competitors offers which in turn is reducing Worldpay's current profit margin down per account. You then have customers adding reviews on a well known review site showing how unsatisfied they are with current practices. I think it could be a high price to pay for a business that may in the near future may see it's profit's per account reduce even further as competitors in the UK are targeting Worldpay customers and reducing processing charges down as much as 40% ......it does not take a genius to work out the annual income that Worldpay could lose or even the customer base it currently holds diminishing down. Without customers and without accounts making it a decent profit each month the value of this business now and in the future could be in question. Only time will tell. I have 17 years experience in card acquiring and therefore know how the market is changing rapidly around pricing ...it's simply a race to the bottom on who can offer the best and lowest pricing package.
Price agreed on £3.85 a share in principle
Worldpay Shareholders would be £3.85 per Worldpay Share
around the time of the US market apparently
This could go to 490 yet, based on the offer of 500 by JP Morgan
Been watching all day - and kicking myself all day as this edges ever higher Any thoughts on potential value / equating to possible offer Cheers
i'm on the fence with this one too. Too early yet with Brexit possibly adding some volatility to banking in general. My feeling is that this may dip under 275 ? in which case temptation might get the better of me. Trustpilot reviews are often a useful indictor to me - the suggestion that they are signing up customers who are no longer using them or gone bust is possibly a hint of an issue that may end with unhelpful press coverage depending on how large the issue really is. If these add up to significant levels ? it may become another scandal which we can take advantage of should the stock take another slid.
I admit this anexdote was quite interesting, but not sure how much this will affect a 6 billion pound company. Do not own this stock any more but follow it, nearly bought in again at £3.08, greedily waiting for £3, Think this will be down if the pound drops and chance to get in then. GLA
Making a simple check using trustpilot will reveal that this company appears to be signing up closed down etc business AFTER they have closed down! We have had this experience with a business we took over 2 years back - and we still get the letters from their debt collectors threatening to strip out the stock and equipment from someone who had not paid their charges over - get this - a FIVE YEAR Period! - they then write to state they have cancelled the contract - then a few weeks later - we get the letter stating thank you for renewing your contract ! lol - We have never had a credit card machine and given our experience here, we never will - at least not from this company. Our legal team have placed a block on any attempt in court to apply to remove stock etc. So we feel more physically secure? but mentally, its been a nightmare, one which is being looked into. We have phoned, written and seen a Royal Bank of Scotland manager who really did contact WorldPay (part of RBS) - and claimed that we would never see another letter again - he hoped? but nop they still keep coming and we don't bother opening them now - well, there's well over 100 of them with our solicitors. Rarely come on here these days but dyor as we say.
Nims Been off this topic for some time, I was trading this share up to a month back, trading on the volatility. Seems to have stabilised at £3 for some time now so I am out. Managed to clear over 6K so cant complain. I do think logic goes out of the window and shares move on market sentiment, unrelated to company performance. GLA
Are you invested in WPG? Or like me just following. I am closely watching this share as I have a buyin price target once met I am in. In terms of markets do you look to day trade or buy to hold for a gain later along the line? If you day trade then doing fundamental analysis won't work as the day trading trends are based on real time market news and sentiment. If you are however willing to hold stock longer then research the balance sheet and cash flow and do a bit of technical analysis that will give you a buy sell or hold strategy. Just reading isn't enough you need to know what to look for. Wpg is a good growth story, however the Brexit will hit company and sp hard, current technical analysis is showing a steady price range, so short term wpg is worth a punt, however for me the price is a little high at mo, if markets are willing to sell me the stock at discount then I'll buy some.
You could not make this up if you tried. The results come out yesterday, reasonably good,and the share price drops up to 8pence on the day, then the following day, it is 12 pence up. I dare say there is a masterplan and somebody/organisation has made a lot of money out of this, but I cant work it out. Where to tomorrow, either 2.92 or 2.78. Best thing to do is to read all you can, then disregard it all and take a guess. My advice is to either buy , sell or possibly hold these shares. I see the latest Broker rating has increased so that is an indication of a price fall.
Yes, positive progress being made, but some areas to consider. Fall in the value of certain transactions which could impact long term profitability. Contract retentions for some of the major players, but at what cost to WPG margins? Plenty of competition in this area so margins eroded or risk losing big chunks of business. No rebates due back from Visa Europe after sale. Full year dividend giving less than 1% return. Dividend payout needs to increase substantially to bring in the big income investors.
Definately exceeded my expectations, I envisaged the businses progressing in the right direction but did not expect the depth of positivity evident in the results. The market reaction this morning has me more puzzled...
With such good results, we can expect a significant fall in the share price this morning, As predicted, 3% down, What do you have to do to get a price increase?