Now that the merger has been approved, the newly combined company will operate under the name Paysafe. Therefore, I think that once the merger closes, and analysts begin to cover the stock, you may begin to see BFT stock move closer to $25.60 per share. The merger vote for BFT and Paysafe is set for March 25. And then the shareholders the proxy we file we go through the shareholder vote and we will de-SPAC. Commerce Policy | © 2021 Insider Inc. and finanzen.net GmbH (Imprint). “Digital wallet and mobile payments operator Skrill, part of Paysafe Group, has also enabled an instant crypto-to-crypto feature. 8 min read. At that time, the share price was $14.80. Merger BFT with Paysafe SERIOUS DD with realistic price target of 50 + by the end of 2021 Disclaimer | After shareholders vote for the merger, Paysafe will start trading under the ticker symbol “PSFE.” Paysafe versus PayPal This one will definitely run in the next 30 days when we approach merger. Tyler Clifford @_TylerTheTyler_. what's an extra 10 cents going to do to your cost basis of $15 on the share? At current prices the risk/reward seems to be a no brainer in my view. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, planning a special purpose acquisition company (SPAC) merger with, recommended taking a long position in BFT stock, 8 Hot Stocks to Buy for Your Well-Diversified Portfolio, is collaborating with cryptocurrency platform, Paysafe-Coinbase Partnership Adds Value to Foley Trasimene Acquisition II, Lumber prices fall for an 8th straight day, deepening a roughly 30% pullback », Only half of rural voters know that Democrats voted to send them stimulus checks, new poll finds », PSFE Stock: 14 Things to Know About Paysafe After It Starts Trading, Foley Trasimene Acquisition II Is an Excellent SPAC Play As EV Fatigue Sets In, SPACs Attack Weekly Recap: 7 SPAC Deals, Rumors And Headline News, Foley Trasimene Acquisition II stockholders clear $9B Paysafe deal, SPAC Foley Trasimene gains on Paysafe partnership with Coinbase, Foley Trasimene Acquisition Corp Is a Modern Wall Street Creation, BFLY Stock: Why Medical Device Play Butterfly Network Is Fluttering Higher Today. Thus, the share price immediately started to decline after the Jan. 21 peak. I am betting that Paysafe will have a strong run post merger. ~ Special Meeting of Foley Trasimene stockholders to approve proposed business combination with Paysafe to be held on March 25, 2021 ~ ~ … Foley isn’t a guy to pump his stocks like some of the others. BFT is not getting much attention though. I ask because I read about how someone voted for a merger on a SPAC and lost money somehow, someway. Foley says Paysafe may be his “best investment ever.”, • CNBC Pundit coverage: Steve Grasso says BFT will triple. ", Foley describes Paysafe and Alight as, "examples of companies that serve multi trillion dollar industries, which offer tremendous potential for future growth through continued scale and transformation led by technology initiatives. Before the intention to merge with Paysafe was revealed, pretty much the only reason to own BFT stock was because you believed in Foley’s business acumen. The deal values Paysafe at an enterprise value of $9 billion. • Paysafe price targets based on recent EV/EBITDA ratios of sector peers : Post-merger analysts’ 12 months price targets will look to 2022-23 projections with 35% higher EBITDA sending fair valuations higher. Its projections show $744 million in adjusted EBITDA on 2023 revenue of $1.881 billion. I messed up with this play,,I wish I loaded up much more,,I’m hoping for another dip. BFT is going to be the best long term SPAC yet. Just don’t vote to redeem your commons for NAV. Stock quotes by finanzen.net, InvestorPlace - Stock Market News, Stock Advice & Trading Tips. When it comes time to vote for merger is there anything I should look out for? ", "We are confident in our approach to sourcing transactions, demonstrating our discipline, value-based approach, which we believe ultimately delivers superior long-term returns to our shareholders over market cycle.". This news got slept on with today’s shit show market! Heck of a steal that I am doubling down on. That’s already a reason for the stakeholders to celebrate. Namely, the proposed merger with Paysafe would need to be approved by the shareholders. Generally curious to see others outlook on this one as a buy and forget stock. Paysafe Merger BFT. The Coinbase collab should enhance Skrill’s (and therefore Paysafe’s) value to the users and stakeholders. Just because Foley said "before March 31st" it's not the equivalent of an official announcement of a merger date. The Merger Is Approved. Is the fintech market getting too big and spreading out the valuations or will this one actually rise above most? Yahhhsss inject it straight into my veinsssss :D. I’m getting close to jump onto this one. just now. 1 month ago - The Motley Fool Paysafe Stock Will Bring Serious Returns as Long as You're Patient Foley Trasimene Acquisition Corp. II completed its merger with Paysafe on March 30. … Paysafe Group Holdings Limited, a leading specialized payments platform, and Foley Trasimene Acquisition Corp. II (NYSE: BFT), (BFT WS) ("Foley Trasimene"), a special purpose acquisition company, today announced that they have completed their previously announced merger. Paysafe Stock Update along with BFT stock price prediction update for 2021. BFT SPAC and Paysafe announced their merger agreement on December 7, 2020. I tend to agree with Pellegrino’s assessment. This is feeling like the dip now but I could be wrong. Foley’s first SPAC, CF Corp., turned out to be a major success story. Without an S4, there is reason to believe we may be waiting longer. The runway is clear for BFT stock now that the shareholders have approved the Paysafe merger By David Moadel , InvestorPlace Contributor Mar 29, 2021, 12:39 pm EDT March 29, 2021 • $1.5Billion revenue / $103Billion transactional volume (2021E), • $560 Million EBITDA (2021E) “forecast to rise significantly by 2023. • High profit margins with significant operating leverage. If the post above contributes to the sub in a meaningful way, please upvote this comment! For one thing, there was an obstacle ahead as the shareholders still needed to approve the merger. Great post. Reportedly, Paysafe’s digital wallet, known as Skrill, is collaborating with cryptocurrency platform Coinbase to expand into the United States. A couple big guys got impatient and sold. The Transaction: Paysafe is going public via SPAC Foley Transimene Acquisition Corp II (NYSE: BFT). ▪ Bill Foley, Chairman of the Board Fidelity: Hi! I hold commons for BFT. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. “$45/$50 and then settle in before moving higher from there" “BFT. EBITDA margins above 30% with path to 35%+) Expanding margin projections offers flexibility and plays into Bill Foley’s strength of pursuing inorganic growth. But as I alluded to earlier, there was still an obstacle to be cleared with Foley Trasimene Acquisition II. After the merger, the new business combination will trade on the NYSE under the symbol PSFE. On December 7, 2020, Paysafe and Foley Trasimene Acquisition Corp. II (NYSE: BFT) announced that they entered into a definitive merger agreement and plan of merger. Paysafe-Coinbase Partnership Adds Value to BFT Stock William “Bill” Foley’s shell company, Foley Trasimene Acquisition II (NYSE: BFT ), created a lot of excitement on Wall Street with the announcement that it was planning a special purpose acquisition company (SPAC) merger with integrated payments platform Paysafe . Still, not everyone was convinced that they should own BFT stock. But there’s even more good news: a strategic partnership is afoot. LEAPs look good as far as pricing goes but I know shares are less risky. Hopefully I get another entry opportunity. Yet, a deeper dive into Foley’s track record and what’s been going on with Paysafe lately might help to encourage the shareholders. ~ Transaction and move to capital markets expected to accelerate growth, enhance margins, and continue to build upon Paysafe… Foley's BFT/Paysafe merger is an investment opportunity worth buying at least some position. Foley’s track record is impressive, and as expected, the merger with Paysafe is a done deal. Combine this with the type of inorganic growth potential represented by Foley’s track record along with the fact that most institutions can only invest once the merger is complete and you start to get a sense of how far this can run. 1139 shares @ $16.30... yea, I am very bullish on Paysafe and have been since the announcement. US iGaming continues to be legalized state by state, growing revenue by 234% in just the last year. That represents an EBITDA margin of 39.55%.” (21% CAGR), • 10-15X growth projected in iGaming (currently 34% Paysafe revenue). He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets. And, it is expected that the stock will begin trading on March 31 on the New York Stock Exchange under the ticker symbol “PSFE.”. I really like it and I'd love to get assigned at the cost basis of $14, but my limit order of $1/share never executed. Holding warrants THROUGH merger with this one. Made In NYC | I showed that Paysafe has almost a 50% higher EBITDA margin than PayPal. “At Paysafe, the iGaming market volume was estimated to be $3.4 billion in 2019, and is now projected to reach $47 billion in 2025.”, • Recently launched Paysafecash in US. I’ve been holding BFT since merger announcement. Could see the BFT stock analysis update. According to Skrill CEO Lorenzo Pellegrino, teaming up with Coinbase will enable Skrill to better meet the needs of its user base “with a best-in-class digital wallet.”. Transcript of earnings call published today -Bill Foley: "BFT, which is we've now gone through, we just finished our third round of comments on BFT, we're hopeful that we'll be going effective with the SEC sometime in the next 10 days or so. News. If playback doesn't begin shortly, try restarting your device. Furthermore, Paysafe’s partnership with Coinbase will only solidify the already strong bull thesis for BFT/PSFE stock.

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