Member Info for wolfhound

looks like I was partly right - we seems we are now going to use the Skrill and Neteller brands as distribution vehicles for product.....or at least that is my read of it....interesting when you think of the FANS and Income Access additions.......

We will know very soon - PAYS is presenting at ABTA conference tomorrow - perhaps it is some form of FX deal for holidaymakers - preferential rates relative to high street banks ( massive bid-ask spread on retail punters)

Looks to be coming from the man in Miami - Lorenzo Pelligrino - could be interesting

As someone mention on another BB - may be indicating a deal is immenient - hence PAYS know any sp dip will be short lived - the Norges sale of the 2mn shares to the shorter also tells a story that further weakness in sp is not expected and perhaps the opposite - further rises on the way.

@GS - welcome back great to hear you enjoyed the hols IMHO the Risk profile is positive skewed to upside risk - at these levels 2 things can happen a) no M&A - in which case we are open to a bid as we only trade on a PE of 10 b) M&A occurs - we jump by upwards to 50%+ Given the shape of the graph and the cross over of the 200MAVG and JL comments I am pretty sure we are in for a repeat of the Skrill announcement. at worst we are taken out for a 20-30% premium in a takeover GLA

I suspect that the low that day of 229 was to hoover up as many pi's as possible who had extremly wide stop losses in place when the MM didn't fill their quotas - of the 40mn shares that traded on the 13th I suspect the vast majority were well north of 229 - clearly no one was able to buy at those levels so it was a false market in one sense. I suspect COB price is probably representative of the average of where it traded - rather than where it was marked intra day.

I suspect PAYS will be at new highs by the time the results are published (3 wks hence on the 7th) and possible M&A activity is announced - that will kick on the sp significantly beyond previous highs ( 30%+) - I still firmly believe we are suseptible to a bid at these levels and will be until we are past the 400's.

So it looks like Norges used the Dec 13 issue to pick up an extra 0.44% stock and then novate it across to whoever was short on the 7th Feb to possibly let them close the position and make what looks like a profit of about £0.5m into the bargain. Norges Holding in PAYS 07-Feb-17 % 05-Jan-17 % 12-Dec-16 % Shares held pre- trigger Event 14,429,926 15,914,672 14,324,628 Shares held post trigger event 14,816,695 3.06% 14,093,556 2.88% 14,767,843 3.01% Stock out on Loan 85,469 0.02% 2,167,947 0.44% 44,302 0.01% Total Holding 14,902,164 3.08% 16,261,503 3.32% 14,812,145 3.02% I am guessing there was a shorter just below the 0.5% that is now closed and possibly suffered a £0.5mn loss into the bargain

courtesy of mips55 on another board Excerpts from casino.org 11 Feb. Pennsylvania’s omnibus gambling reform bill finally made its appearance in the legislature on Thursday. The bill, HB 392, is sponsored by Representatives George Dunbar (R-56th), Rosita Youngblood (D-198th), and others, and seeks to take off where Representative John Payne (retired) left off. Payne’s online gambling bill was attached to a wider gambling expansion package last year as there seems to be an appetite in the legislature to address all the state’s gambling issues in one fell swoop. Accordingly, HB 329 is a 209-page whopper, covering everything from the regulation of daily fantasy sports and online gaming, to the authorization of slots at airports, and a fix for the state’s casino rev share problems. It comes a day after the state’s Democratic governor, Tom Wolf, unveiled his budget plan for the 2017-18 fiscal year, which factors in $150 million in extra gambling revenues, generated by a gambling expansion package that has yet to become law. Wolf isn’t the only one who believes Pennsylvania will get it together this year. Senator Mario Scavello, chairman of the Senate Community, Economic and Recreational Development Committee, said last month he believed that the state would legalize online gambling sometime in March. GLA

Graphs look bullish - crossed over the 250 MAVG , s.p. held 400p level very easily and now kicking on The similarities to the graph just prior to Skrill acqn are uncanny - sp had first fallen below the 50 day MAVG and then the 200MAVG before staging a recovey back over the 50 and 200 MAVG. Then acquisition announced on date of publication of YE results ( 2014 published 17 March 2015) and sp rockets by 50% - with just 3 wks left publication of results for 2016 on 7 March and bold M&A in the pipeline - promising days ahead. GLA

possibly might do it yet when US market opens - it staged a v strong re-trace upwards this morning - so looks positive.

Positive start to 2017 legislation http://www.onlinepokerreport.com/23787/wolf-budget-pa-online-gambling/

https://www.emarketer.com/Article/Worldwide-Retail-Ecommerce-Sales-Will-Reach-1915-Trillion-This-Year/1014369 A dedicated CMO with relevant industry experience - perhaps the final piece in the jigsaw to a JV announcement ? 4 Weeks today to 7th March - not long to wait

The first few days of next week will tell alot - I have a good feeling .... Bollinger bands tightening nicely IMHO and looking nicely poised to break through the 200 MAVG and kick on !! The fact that we have had 2 +3% days in last week gives me feeling that perhaps we are coming to the end of the "profit takers" post the debacle of mid dec. Only 4 weeks from next Tuesday to 2016YE publ and possibly some news.... UBS initating coverage with a 465p target ( I suspect that will climb on publication of 2016 numbers) will add further to the sense that sp direction is now firmly north - perhaps UBS coverage will add some additional ii's GLA

You can never say never but...... RBS sold worldpay less than a decade ago ( couldn't innovate quick enough) and this chap I am guessing found that the words "banking and Innovation" pose significant execution challenges, What is interesting is he is a non exec in Paddy Power/Betfair - so he knows all about online gambling and digital wallets I am sure.

@moorhey - at these levels i wouldn't diagree that PAYS sits firmly in the crosshairs - it would be hugely earnings accretive to someone like worldpay; wirecard or ingenico who all trade on forward PE of 15-25+ in regards PAYS pulling the trigger - well with the right real then it moves them one step closer to getting themselves in the rearview mirror of the likes of PAYPAL( who as we know trade on a PE of 30+ to our 10) - but PAYS needs diversification of client and sector to get proper recognition and re-rated to a higher PE - a deal where PAYS acquires someone who will accelerate their target market customers out into the wider digital economy using PAYS platform and perhaps the GOLO model. So IMHO whether PAYS is taken over; Merged or Acquires I think we are in a win-win situation given current sp - as all three scenarios will increase value.

398'ish was previously a support and now looks to be resistance - once we push through and hold then I think it is onwards and upwards - now just under 5 weeks to the 7th Of course at these levels we are very suseptible to a bid ourselves - only time will tell whether we go on to be the acquiror or the acquired.

Edison report of 19 Jan when sp was 385 : http://www.edisoninvestmentresearch.com/research/report/paysafe-group75074/preview/ Edison Barclays EPS($0.0) PE EPS($0.0) 2016 41 11.5 40.3 2017 46 10.2 47.9 2018 51.6 9.1 54.8 Barclays' overweight stance and 610p target is driven by the expected ongoing above sector earnings growth. They also think an acquisition that dilutes exposure to china and /or gambling would be a catalyst for a multiple rerating. A 610p ($7.70) would provide for a 2017 PE of 16.7 and a 2017 PE of 14.9 none of which are very big stretches when compared to US peers trading in high 20's to low 30's on forward multiples. GLA

@ Technie - the only thing in life that are certain are birth, death and taxes - evertything else by default is uncertain. But probability is a factor in what seperates gambling from investing - because if probability is at best 50/50 then no matter what skill I have in being able to predict - it won't matter because I can't change the probability of the outcome - it will always be 50/50. @GS - are you talking trading or investing - it seems to me the former. Firstly I have held this stock since 2008 , so it owes me nothing at this stage - you see I am an investor, I spot value and invest and hold until the desired results and sp are delivered. And I have always held that view with pays. you seem to be talking about trading and introducing leverage - so I would agree you are to a degree gambling through your trading style relative to my investing style - your example suggests you are unable to withstand short term fluctuations in sp and are exposed due to lack of liquidity. This forces you to close possibly because you had a stop loss in place and it is at this point you crystalise losses that are nothing more than short term fluctuations. I on the other hand as an investor with zero leverage just sit there and watch the sp revert back to a higher level than before the short attack and release of the spotlight report - I have lost nothing and I wasn't taking a gamble. And in time the M&A will happen and the sp will rise further. I would also say my certainty of PAYS results never changed I saw the spotlight report for the piece of worthless rubbish it was designed to spook pi sheep. As for quoting me back a post - lets be balanced - you might note I called M&A on Income Access before it happened - in doing so I was just going by what management said they would do and they have since said there is bold M&A in the pipeline - so lets see come the 7th.

@Phonexix - Lol - seems you have tarred yourself with the same brush - lets agree neither of us proof read our scripts - Touche all round :) @Technie = ah - I srtill disagree - a horerace;coin-toss; etc... all have one thing in common I have an equal probability of getting either outcome a ( win) or outcome b (loss) - because no matter how many times I perform the same operation I always start at exactly the same place a prbability of 50/50 in terms of win/lose. In an investment - I am able to predict with a high degree of certainty ( much more than the 50/50 of a coin toss) on what the outcome will be - as I have a history and 99% of the time we will have a pretty good idea through forcasting and due diligence what that result will be in the following year based off all the available and relevant information so I rest my hypothesis that gambling and investment are not the same - provided of course the person making the investment has the necessary skill - they should be able to turn a profit - anyone tossing a coin on the other hand will always have the same probability - 50/50 of getting heads.