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Interesting RNS - Goldman hold 3% via physical stock loan

keep an eye to the 24th/25th of this month - PAYS demo of new digital wallet functionality at money 20:20............ this link will explain the potential significance http://uk.advfn.com/cmn/fbb/thread.php3?id=34762519&from=3455 GLA

onwards and upwards

time PAYS has closed above 450p - AEK are running a real risk of a short squeeze ...come on 500p !!! I do get the feeling that there something brewing in the background again..... lets see what next few weeks brings, we should be due a trading update around 10 Nov going on last yr....maybe we will hear some extra info

http://www.ft.com/cms/s/0/73687cd6-5f02-11e6-ae3f-77baadeb1c93.html#axzz4KRXTZddC Seems from this FT article PAYS is growing twice as quick and at twice the profit of Worldpay......... plenty of market share there to be taken.....fits nicely with JL planned MV of $6bn Analysts compared Paysafe with the much more established and significantly larger Worldpay, which on Tuesday reported better than expected results for the first half. It said revenues had increased 10 per cent to £2.1bn in the six months to the end of June, compared with the same period last year. “Paysafe’s transaction volumes are less than one-tenth those of Worldpay, but its growth rate is double and the reported gross margin of 54 per cent dwarfs that of Worldpay at 22 per cent,” commented Peter Roe at Tech Market View. “Paysafe will increasingly have to compete with the likes of Worldpay as it grows. It will look to its more agile and entrepreneurial culture, expanding portfolio and acquisition strategy to build customer relationships with growth companies across the connected economy. User EH9 over on another bb thinks there might be a possibility that PAYS will launch on facebook.... now that would be v interesting.

Wow - wonder who just did that transaction ?

I think we may be at the early stages of a new upward channel - and if it replicates the last one then we are looking at a short -term price ( few months) of 518p and then onwards to 560p+ The link below will take you to a Fibonacci retracement Graph I made highlighting the last trend - remarkable how well it fits the key ratios (see blue lines). The Purple lines represent what I think may be possible as previous resistance now turns to support at approx. 434p Would be interested to have your thoughts Techni ? http://uk.advfn.com/cmn/fbb/thread.php3?id=34762519&from=3342 GLA

not yet 10 am and over 2.3mn shares traded....... that can only be institutional buying...hmmmmm

oh and......debt is being capped at 3 X ebitda.... so close to $3bn... plenty of room in the war chest from current debt levels to fund an acquisition outright !! I get the feeling we may be getting news of a large acquisition shortly of a competitor in our current market - one that probably charges double what we do............

.....I will just repeat the first line again of the article about 2017 SP projection by JL and I quote " AS IT EYES $6BN MARKET CAP"

Paysafe CEO Confident Will Continue Positive 1H Trend in 2H 2016-09-12 13:21:28.620 GMT By Claudia Rach (Bloomberg) -- Paysafe CEO Joel Leonoff expects low to mid- double digit sales growth over 2H and ending 2016 with just under $1b of sales, speaking in phone interview. * Confirms low-double digit sales growth in 2017, expects to maintain adj. Ebitda margin of ~30% in mid-term as its eyes $6b market cap * Says needs to focus on organic growth, sees no holes that requires M&A at the moment * Still on lookout for M&A targets for any of the 3 units; geographical expansion would be one criteria * Aims for deals of $1b/EU1b valuation, pursues those that �make a difference� * Says 3x net debt/Ebitda is the ceiling to finance acquisitions, with aim to reduce it quickly * Says dividends, share buybacks are options but sees at the moment more value for shareholders in M&A * Says money could be distributed to shareholders if no good deals in sight, would be too expensive * Plans to launch mobile wallet pay product in near term in North America, followed by Europe shortly thereafter * Sees �massive opportunity� going forward, expects it to be disruptive as Paysafe charges only about half of what competitors are * NOTE: Co. sees 2016 rev. of $970m-$990m, adj. Ebitda of $287m-$293m DATA: * Stock is up 16% YTD vs a 2.6% rise in the SXNP index * Of 8 analyst ratings all rate buy, average PT of 530p

Thanks for posting that Techni- looks v promising - seems to be holding that line quite nicely - I believe from another board (user EH9) that there are some institutional investor presentations on Friday and next Monday...might be just the catalyst of news we need for the next leg-up..... perhaps there will be some more news.... EH9 also seemed to think that this will coincide with release of ios10 by Apple and the ability for PAYS new wallet functionality to be incorporated......now that would be pretty interesting !!!

Seems we have bounced off support level @ 435p a few times in last week, this level having acted as a resistance level in April - very positive !! what say your charts Techni ?

Could be just DM speculation but interesting that it once again raises its head....one of these days it will be right http://www.thisismoney.co.uk/money/investing/article-3771241/INVESTMENT-EXTRA-tech-star-takeover-target-ARM-Holdings.html

@JD - I think they are probably an off-shore hedge fund - the inclusion of "UK" in the name is probably just to throw it off the track in terms of where it is located - a FOI request ( freedom of information) to FCA for disclosure is probably the best bet to find some bread crumbs....

yep, parents now a days ...just so irresponsible ...lol

well it looks like AEK are still short and are now approx. £6mn in the hole based on my maths and that will climb to £12mn when sp hits 500p .....ouch I feel a short squeeze a coming !!! roll on 500p

I notice from another board there was a 4mn shares bought after COB yesterday - wonder if AEK started closing their position - would explain why we are up almost 4% on a $30m acquisition - there is at least another 4-6 mn shares to be bought to close out the position - so we could be looking at a 475p sp in the next day or two...so sdon't top slice too cheaply folks with a delta of $450 K per 1% rise in sp this position must really be hurting AEK since they put the short on back when sp was around 395p........ouch !!!

Morning Techni - no great crystal ball at my end- just followed what management had said they were going to do ...and inevitably with this little gem - they always seem to deliver on what they say they will do :) I like your thinking on the potential bull run - I think financials for sure have been overlooked in the recovery - the underlying assets have recovered in price but banks stocks haven't and setting aside increased capital required they do look to have some potential and techs - purely on the CAGR projected will outstrip the forward PE ( as we are seeing with PAYS) - so I think you have made two v good calls there Great to have you back in a "right-sized" PAYS position ( that is as overweight as the bank balance will allow) !!

Thanks Techni - interesting the possible bull market - I don't disagree what do you see as the catalyst - another round of QE ?