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BUZZ-Optimal Payments: Up on FCA approval for Skrill deal

Tue, 04th Aug 2015 08:00

** Online money transfer co Optimal Payments upmore than 7 pct after UK's financial watchdog gives its go-aheadfor co's acquisition of European digital payments businessSkrill.

** Best day for the stock in a month with half its 30 dayaverage volume traded in the first hour

** Co says in a statement on Monday that it expects the dealto close on Aug. 10.

** Co said in March that it would buy the maker of theSkrill e-wallet, the biggest competitor to its e-wallet businessNeteller, for an enterprise value of about 1.1 blneuros

** Co said then that the deal would expand its onlinepayment and digital wallet services and reduce dependence on afew large customers, including its biggest in the gaming market

** Numis analysts view deal as "transformational", addingthat Optimal now has all the components in place to perform wellBroker reiterates "buy," TP 450p (Reuters Messaging:noor.hussain.thomsonreuters.com@reuters.net)

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3 Mar 2014 10:24

Optimal Payments Launches Online Payment Processing Service In US

LONDON (Alliance News) - Optimal Payments PLC Monday said it has launched its new NETELLER online payment processing service, which will bring the services to the US marketplace. In a statement, the payments company said it is working through a federally-insurer US financial institution spo

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3 Mar 2014 08:21

Monday broker round-up UPDATE

African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame

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27 Jan 2014 14:26

DIRECTOR DEALINGS: Optimal Payments President Exercises Options

LONDON (Alliance News) - Optimal Payments PLC Monday said President Joel Leonoff exercised options over 726,558 shares at an exercise price of 0.01 pence under the company share plan. Following this transaction, Leonoff holds 4 million shares, which represents 2.52% of the issued share capi

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24 Jan 2014 12:37

Optimal Payments Major Shareholders Plan GBP162M Share Placing

LONDON (Alliance News) - Optimal Payments PLC Friday said two of its major shareholders, IIU Nominees Ltd and Aurum Nominees Ltd, are proposing to sell shares in Optimal through a share placing. The online payments provider said the two shareholders are planning to sell 44.6 million shares

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14 Jan 2014 08:02

Tuesday broker round-up

AMEC: Nomura ups target price from 1230p to 1280p and retains a buy recommendation. Amerisur Resources: Investec shifts target price from 73p to 75p and keeps a buy recommendation. AVEVA: Investec increases target price from 2500p to 2900p upgrading from hold to buy. BHP Billiton: JP Morgan raise

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13 Jan 2014 09:53

Optimal Payments expects annual earnigns to beat forecasts

Optimal Payments expects 2013 revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) to exceed market forecasts following a strong performance in the second half. The company's online payment businesses Neteller and Netbanx boosted revenue in the second half, according t

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9 Jan 2014 14:19

STOCKS NEWS EUROPE-UK small caps rise ahead of FTSE 100

Junior-listed AIM shares rise 0.3, outperforming blue chips in the FTSE 100, which is flat. Shares in Optimal Payments rise 10.1 percent after the online money transfer company receives Visa Europe and Mastercard Europe's principal membership, which would enable it to process credit card pa

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9 Jan 2014 11:47

STOCKS NEWS EUROPE-Optimal Payments rises on Europe credit card membership

Shares in Optimal Payments rise as much as 11.3 percent as the online money transfer company receives Visa Europe and Mastercard Europe's principal membership, which would enable it to process credit card payments without paying fees to third parties. The company's stock, whose value has ri

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3 Dec 2013 08:00

Optimal Payments extends 888 contract after New Jersey gambling approval

One week after launching online gambling in the US state of New Jersey, 888 Holdings has extended its partnership with AIM-listed Optimal Payments for an integrated suite of payment processing services in the States. Optimal Payments, which has worked with 888 for over 12 years including under its

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