Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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(ShareCast News) - Electronic payments processor Worldpay posted its final results for the 2016 calendar year on Thursday, with the company seeing a 14% rise in transactions to 14.9 billion, as total transaction value rose 12% to £451.1bn. The FTSE 100 firm said total revenue rose 15% to £4.54bn. Both net revenue and underlying EBITDA were also up 15% at £1.12bn and £467.6m respectively, with the company swinging to 6.6p earnings per share from 1.8p losses per share in 2015. Its reported profit before tax was £264.1m, a significant improvement from £19.1m in 2015, and free cash flow also substantially increased to £170.9m from £32.4m. The board confirmed a total dividend per share of 2p. "We had a very strong 2016, both in terms of financial performance and strategic progress, and we're starting 2017 better placed than we've ever been," said chief executive officer Philip Jansen. "The substantial investments we've made in leading edge technology, innovative products, deep market reach and talented people are delivering real benefits for our customers, and our momentum with them is in turn further increasing our confidence in delivering our medium-term growth ambitions. "We are continuing to strengthen our global leadership position in payments, and we are well positioned to capitalise on the opportunities for further growth we see in our markets."
Anybody got any ideas where this is going next week. It has been hanging around 272 for ages. I know there was a massive 'dump/sale' of shares at 282 a few weeks back so was hoping it could hit that again. The results cant be that bad.
Fill ya boots
any reason for the advance? not that I'm complaining. Is an acquisition on the cards?
Anyone think a big acquisition is looming?
Interims … Dividends in brief ‘ Maiden interim dividend of 0.65p per share. Register Date 16 September 2016 Paid 18 October 2016 ‘ Accounting for Visa Europe ‘ Following the disposal of our share in Visa Europe on 21 June, we received £452.8m of cash ‘ A net pre-tax gain on disposal of £98.7m has been recognised in finance income in the Group’s income statement as a separately disclosed item. Tax on the above gain is £86.6m ‘ In calculating the dividend, the expected profit after tax for the full year has been adjusted to exclude the net gain on the disposal of our Visa Europe asset
Correction to detail ... there are 2,000 million shares in issue so potential special dividend is 25p per share
Interims are due on Tuesday 9th August and two events should be covered ' A) 21st June 2016 the Visa Europe disposal was completed B) 07th July 2016 End of lock up of placings by original Venture Capitalists ' There is potential for a Maiden Dividend and a Special Dividend IMHO ??? � There are roughly 125,million Ordinary Shares in issue and up-front cash was roughly �500 million so a potential 4p a share special dividend. Company also received Series B Preferred Stock in Visa Inc and could receive in the region of �283m in earn-out conditional upon etc � Reference Proposed disposal of interest in Visa Europe�Annual report page 76 � On 2 November 2015, we announced the proposed disposal of our approximate 5.9% interest in Visa Europe to Visa Inc. The disposal, which is expected to complete in Q2 2016, is a result of Visa Inc.�s agreement to purchase 100% of Visa Europe, subject to the satisfaction of certain conditions. � Under the terms of the disposal, Worldpay will receive a mixture of cash and noncash consideration currently estimated to be worth in aggregate up to �1.2bn. This is made up of up-front consideration of approximately �544m of cash and �375m of Series B Preferred Stock in Visa Inc. In addition, if the earnout pays out in full, Worldpay could receive in the region of �283m in earnout conditional upon achieving certain criteria relating to the incremental net revenue of Visa Europe during the earnout period. .... etc
Worldpay might have disgruntled employees. They're everywhere. I hope your 2 posts worth helped
As an ex employee with 15 years service and friends who are still working for this company I have been taking some observations recently in the marketplace. I like may others work with competitors and speak to businesses throughout the UK daily reducing processing costs for business customers. I am seeing an ever increasing demand from customers looking to switch providers because the rates charged to process payments is so competitive now. Business customers want a better offering and know companies will offer them exceptionally low rates which are not too far off the new interchange rates introduced in December 2015 with this in mind ....... It begs the question regarding future profits how this company will overcome this hurdle , each business that has a review either switches providers or in some cases will match a competitors offering just to keep the customer but each time this is done the profit on that account is some what far smaller for the company if not lost altogether as the business has switched to a competitor. With 200,000 + UK customers on the books and more and more businesses wanting a favourable processing rate raises some interesting questions to think about. I await the half year results in August and what direction the share price will go after the results.
Date______ Event subject ‘ 09 Aug 2016 Half Year Results 2016 ' Placing by original Venture Capitalists was 07/04/2016 and any future placing was restricted for 90 days ... by my calculation that is 07/07/2016... NOW ' RNS extract 7 April 2016 “funds managed by Advent International Corporation (the "Advent Funds") and by Bain Capital LLC (the "Bain Capital Funds"), announces that it has sold an aggregate of 275 million ordinary shares …at a price of 269 pence per share .. raising aggregate gross sale proceeds of approximately GBP740 million. Following completion they will hold 564,481,879 ordinary shares in the capital of the Company, representing approximately 28.2% of the Company's issued ordinary shares. Those shares which are not sold in the Placing will be subject to a 90-day lock-up
Visa Inc. Completes Acquisition of Visa Europe San Francisco, CA, and London, UK, 21st of June, 2016 – Visa Inc. (NYSE: V) today announced the completion of its acquisition of Visa Europe Ltd. https://www.visaeurope.com/newsroom/news/visa-inc-completes-acquisition-of-visa-europe
Visa’s €16.5bn merger with Visa Europe gets the green light Visa is buying its sister company Visa Europe ' http://www.telegraph.co.uk/business/2016/06/03/visas-165bn-merger-with-visa-europe-gets-the-green-light/
Visa can take over Visa Europe, paying €16.5bn (£12.8bn) up front and potentially adding another €4.7bn to that price tag depending on its future financial performance. Worldpay has a €1.25bn stake.and will receive half in cash and half in shares Visa, Inc. and MasterCard, Inc., are two of the world’s largest payment networks. These technology-based businesses don’t take credit risk but instead partner with issuing banks and function like toll collectors for global consumption spending. Worldpay Group plc is the largest merchant acquirer in Europe, serving a diverse set of 400,000 merchants across 146 countries in 126 currencies. The company is the dominant player in the attractive U.K. payments market and has a fast growing and highly profitable e-commerce business that’s benefiting from the rapid growth of online commerce.
Apologies for board hopping but- The petition is going quite well; ~5275 signatures so far. Although it really needs a turbo boost. https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016. The FCA have finally responded, claiming its nothing to do with them, try the Stock Exchange, now is your chance to have your say. If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog. My local MP supported this petition by writing to the petitions committee to help un-stall it. There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go! If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. We are currently getting approx. 100 new signatures a week, but need 3x that amount to reach the target with only 15 weeks to go. So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. If each person who has signed can get just one other person to sign then we will double the total immediately. I have posted to all aim listed gas n oilies, currently doing the footsy 100. But I can only do so much to push this. Really need you guys & gals to help. Thanks to all who have signed so far.
Replace the asterisks with: Share Prophets sans space between words of course.
http://www.*************.com/views/20355/it-could-be-a-brave-new-world-with-worldplay?commented=0#c025523
Well a bit disappointing after today's performance after the wider market surged on better global growth sentiment.
Me too, I like the reaction after the placing and subsequent demand for shares. All things being well should have a nice steady rise to 300p plus in the coming weeks.
Been trading this one for a while now, Seems to have its good and bad days but keeps hanging in there when others fall. Hopefully will rise back to the 300 mark,if can get past the 285 resistance
Sold at 300p last week and have bought back in yesterday after the drop, didn't catch the bottom unfortunately. Results were mildly disappointing but we look forward not back.
Of course it does, and had the cash to pay a dividend this time.
This company has the potential to pay dividends in future.
...with decision to not pay a dividend.
This was only going up past £3 if results had exceeded expections they just came in as expected, i was stopped out but put a tight stop on this in case (As happened) the market has not liked the results! Long term maybe but possibly they could be over valued at this time its back on the watchlist for me. Further increase in profit/dividend later in 2016 might be back in or the price drops to around its IPO price of 240 might purchase again.