Updates

Paysafe

February 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Coming just four days after the year end, Paysafe’s trading update said FY15 ended with a bang with a strong Q4. Overall sales were US$15m more than consensus at US$600m of which US$380m came in H2, driven by the processing side of its business (as opposed to the wallet side). FY15 adjusted EBITDA was cUS$150m of which H2 EBITDA was US$100m.Skrill has bedded in well. At the time of its acquisition in March, management was not expecting any of the US$40m cost synergies to come that year. However, they subsequently guided for US$5m-10m and are now saying that it will be at the top end of this guidance. Barclays expects overall synergies to climb to US$55m by 2017.As the rising share price illustrates, the move off A ...

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Acal

Dialight

Paysafe - 590p cash bid approach (August 2017)

Paysafe - Confirms 31%+ EBITDA margins (June 2017)

Paysafe (April 2017)

Paysafe - Deutsche Bank raises target to 600p ahead of CEOs bold acquisition (February 2017)

Paysafe - US$0.5bn headroom for deals and soon-to-be prospective PE only 10.8 (December 2016)

Paysafe - Trading ahead of expectations (September 2016)

Paysafe - Will beat even upgraded expectations (June 2016)

Paysafe - Shares move to new high following results (April 2016)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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