Member Info for CBINV

Hex we know there's risk but also opportunity. This is why we invest in equities pal. You could always keep your money in the bank and hide from risk, or chase dividends. I'm here for growth, cash flow may be a little tight but that wouldn't matter in an acquisition scenario. Even an industry discount 12x PE would be a healthy increase.

These articles do not make for nice reading. However, I was in PAYS when similar stories and accusations were published here, the associated short attacks took PAYS down to 240p. Look at PAYS today and it is 580p with a takeover bid, and many are predicting a bidding war. The stories were largely unfounded and had no lasting impact. So take caution, but don't panic. Stories and accusations are there for a reason, they are the fuel to massive short attacks. I'm not saying there isn't an issue here, but it may not be so significant in the long run.

These shorts won't close until the result of the investigation. That's the last bit of bad news to come. That will then be the time to buy like crazy when Oozi/Uzi is gone and Telit can move forward to post a good H2 and recover. If we come out of this unscathed as a business then we are looking at a crazy low forward PE.

Yes but they have provided us with a great opportunity to double our investment.

Cup and Handle it is :) Looking at 30p+ now

Won't be quiet, we are at a pivotal point now. We either have a cup and handle formation or a double top. Means we could be seeing 30p or 20p tested within the next few weeks. I'm looking at the 25p shoulder before doing anything.

PE is still under 11. £5 seems strong to us long-term holders, but it's still undervalued.

This reaction is ridiculous. These results are stunning and puts us at a PE now under 8. What is this pressure you talk of to produce another big acquisition? Is big organic growth, deleveraging of debt, and share buyback not enough!!? People need to get back to reality and compare PAYS to the many unprofitable casino stocks floating about with bloated market caps.

I'd say it is a reasonable valuation of what the business is worth, being the point at which we have a normal PE multiple with respect to the industry (although that would still be at a big discount to the likes of Paypal). But unfortunately I think we will always lag behind what we are actually worth. Probably until we have been in FTSE for years and pay a steady dividend. £5 is a more realistic target for the next 12 months.

Exactly! the whole China thing is over-played. 13% of revenue, probably less now, and probably less again in terms of EBITDA. Even so you could wipe 13% off the revenue here and it is still a business undervalued by way over 50%.

Can't seem to buy any amount. Wanna buy sub280 for an early Christmas present

Well it shouldn't be, the US online gambling market is already effectively closed. PAYS relies mostly on Europe for its activity.. But I have always suspected that MM's don't fully understand this business. Even in a full on bear market, tech companies are going to have PE's far in excess of 10. We are nowhere near as bloated as the big boys in the sector.

Nothing has really happened to warrant a 15% slide. It was undervalued at the high of 470+. The trading statement confirms we are on track to achieve the upgraded outlook from earlier this year. So it's not a slowing of growth GSmiley, but a confirmation of strong growth. Think i'll top up big at 400 to net 20% within 6 months.

What do you mean? Skrill and Neteller wallets are already on mobile

Anyone think a big acquisition is looming?

Do we think support is now 440? Should be but lets where early next week goes.

Even a conservative PE ratio puts this well over 500p, there's still so much room to grow

Well this is 5 from 5 here that are voting stay. Not exactly indicative of the population, but probably fairly indicative of middle England. The leave voters will be the less affluent (who don't realise that immigration is not the cause of their problems), the very wealthy who are in a position to benefit, and some politicians placing a bet for their career advancement. Between them there is a lot of noise in the press, and the polls in the papers such as the sun. But just like in the general election, middle England will keep us in. It's just a case of getting enough of them to care enough to go out and vote. I would say that heavy rain is the best hope for the Leave vote.

Fair play to you for going all out on stay. I will also be voting stay and think it will be so. But the investor in me wants to hedge and bet on leave at 9/4 to cover potential losses on investments and the £.

..yet no decent increase in share price. I think the market is quite blind to Safecharge's progress, it's becoming quite undervalued.