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Wameja - Mastercard bid 8p - gain on month 60%

October 2020

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.

  • Epic Code:
  • WJA
  • Price:
  • 7.6p
In last month’s issue, I suspected a bid was likely before the end of Q3 as the Homesend payment hub looked increasingly as though it would need more money to fund the pre-payment timing gaps, given the huge jump off in payment volumes being seen. No real surprise then to see Wameja agree to a takeover by Mastercard just 9 days after the issue landed, 60% over last month’s tip but overall a bit of a cheeky offer.The next few Homesend KPIs were set to show acceleration so Mastercard is possibly buying Wameja before the price runs away from it. The bid at 8p by way of a scheme of arrangement values it at £96.9m. The board has recommended the offer and Lombard Odier (with a c.24% stake) has backed the deal so it is l ...

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Wameja - Ready for the big finale (Q3?) (September 2020)
Wameja (eServGlobal) - HomeSend Q2 volumes +28% (October 2019)

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