gretel
29 Nov 2017
Good trading update today [link] trading in H2 and the results will be in line with expectations - better than the "broadly" in line implied at the interims.In particular:"We will continue to focus and invest further to build our sales teams to accelerate a successful entry into new target sectors and geographies"And:"Outlook The Board is encouraged by the Company's strong performance during the second half of the year. The Group will enter 2018 having expanded its Tier 1 customer base, with customers in new sectors, including travel and retail, and new markets, and with a strong pipeline which provides confidence for 2018 and beyond."
gretel
24 Nov 2017
Re: Excellent news today re WeChat The WeChat Pay deal getting extensive coverage in China - and note the comment from SCH about expansion in Paris as well as London:[link] Extract: "Digital wallet WeChat Pay launches in UK ANGUS McNEICE | China Daily UK | Updated: 2017-11-23 17:42"In terms of demographics, the number of Chinese tourists in Camden is certainly growing, and in terms of a brand, Camden was an obvious choice. It's iconic in London," said Craig Jacoby, head of retail payments at SafeCharge.... .....Jacoby said WeChat Pay will soon be available at other shopping destinations in London, and it is also launching at six large retailers in Paris as WeChat moves forward with its international expansion."
gretel
22 Nov 2017
Excellent news today re WeChat The WeChat tie-up is beginning to bear fruit. WeChat are absolutely huge....[link] 22, 2017 Camden Market first to offer WeChat Pay at the Point of Sale in the UK with SafeChargeSafeCharge, a leading payments technology company, in partnership with Camden Market, a part of the Market Tech portfolio, has announced the ground-breaking integration of WeChat Pay, a widely adopted e-wallet payment solution in China. The iconic Camden Market, London’s fourth biggest tourist destination, is the first in the UK to make WeChat Pay available at the point of sale. Chinese tourists and the UK’s Chinese community will now be able to shop using their preferred payment method as the introduction of the payment system begins and WeChat is implemented in stages across Camden Market.WeChat Pay has revolutionised payments in China and is now rapidly extending its reach into Europe. In 2017 alone, €1.5 trillion in payments has been processed by WeChat Pay globally and the service accounts for 40 percent of the Chinese mobile payment market, (according to iResearch). This is significant for merchants in Europe, as the total amount spent by Chinese tourists exceeds the amount spent by European and US tourists combined, with 50 percent of luxury purchases in Europe made by tourists from Asia. Unlike some ewallets and contactless payments, which are capped at £30 per transaction, WeChat Pay offers more flexibility to merchants and consumers. Therefore, it is a competitive differentiator for merchants to be able to offer the payment service.“We are proud to be the first in the UK to integrate WeChat Pay at the point of sale in Camden Market. This innovative payment method is seen as the next big payment phenomenon in Europe,” stated David Avgi, CEO SafeCharge. “This integration demonstrates that we are at the forefront of payments technology, where we are constantly exploring new opportunities to enhance our payments solutions.”“We are extremely pleased to be working with WeChat and SafeCharge to integrate WeChat Pay into our point of sales system at Camden Market,” said Ceri Davies, Operations Director of Camden Market. “With hundreds of thousands of Chinese visitors coming to London each year, we feel that this is another way in which we can continue to promote the heritage of Camden Market abroad, and attract new visitors to our shops, stalls, and restaurants. With over 30,000 visitors a day, Camden Market remains one of London’s most enduring attractions, and we believe that this is a great way to adapt to the growing number of Chinese locals and tourists who visit the market. We are constantly on the lookout for new and innovative ways to support our tenants, and hope that this integration will allow our merchants to continue to meet the needs of a diverse London.”One of the first tenants to accept WeChat Pay, Killa Dilla’s co-founder Joshua Whiting said; “We love to bring new technology into our operations and we are very excited to be one of the first UK businesses to be using WeChat Pay. WeChat Pay is massive in China and we believe the way this “app for everything” integrates social media, messaging and payment systems will be hugely beneficial for our business.”Han Chin, Creative Director at Studio Collection said; “Chinese/Asian students and tourists have flooded into London over the last few years. Recently, more and more of these shoppers have started acknowledging the existence of Camden Town. As a retailer, it is our job to create a flexible, convenient shopping experience for our customers and WeChat Pay allows us to do this for our new demographic of visitor. WeChat Pay is a revolutionary reform for the retail payment system and we are excited to be a part of this latest development in trading technologies. Not only is it an efficient trading platform, with the WeChat messaging service we can
gretel
20 Nov 2017
Tipped in today's Daily Mail Nice tip in today's Mail outlining Berenberg's recent initiation:[link] TIPS: City insiders says buy payment services provider SafeCharge but sell GKNDaily Mail City & Finance ReporterPublished: 22:23, 19 November 2017BUY THIS: SafeChargeGrowth in the payment sector prompted Berenberg analysts to reinstate a ‘Buy’ rating on SafeCharge.Perceived as facing high risks, the payment services provider is expanding its exposure to lower-risk markets.Berenberg said SafeCharge also had potential as a target for new entrants into the market, and put a price target of 350p on the stock."
gretel
16 Nov 2017
Berenberg initiate today with a Buy Excellent - Berenberg have today initiated coverage with a Buy and a 350p target price:[link] suspect they've left themselves room for further increases in the target price at a later date.
gretel
26 Oct 2017
New highs now Lovely move up whilst I've been on hols. Much more to come imho.
ballymena bill
25 Oct 2017
Re: RNS : new contract win Starting to tick along nicely. I see no reason why it should not continue. Thanks for all the info gretelW
gretel
11 Oct 2017
RNS : new contract win RNS just out re a new contract win - worth noting the size of the new customer as noted below:[link] Inc. selects SafeCharge to further expand its Online and Mobile Deposit OptionsSafeCharge (AIM: SCH), a leader in advanced payment technologies, today announces it has been selected by Goldmoney Inc. (TSX:XAU) ("Goldmoney"
, a precious metal financial service and technology company traded on the Toronto Stock Exchange, to further expand its online and mobile deposit options. integrating Goldmoney's new platform to SafeCharge's Payments Engine, Goldmoney will provide its customers with access to both cards and alternative payment methods, such as WeChat Pay, Alipay, SEPA, UnionPay, and additional payment integrations, enabling them to expand their global client access to vaulted gold, silver, platinum, and palladium.""Goldmoney Inc., a financial service company traded on the Toronto Stock Exchange (TSX:XAU), is a global leader in precious metal investment services and the world's largest precious metals payment network. Safeguarding nearly $2 billion in assets for clients located in more than 150 countries, Goldmoney is focused on a singular mission to make precious metals-backed savings accessible to all....etc"
gretel
10 Oct 2017
Barclays initiate: Buy with 310p target Barclays have initiated coverage of SCH with a Buy and a 310p target. It's covered here - I suspect that they've started with a conservative price target which will enable them to upgrade later. The comments here about all the potential triggers for further upside hint further at this:[link] initiates coverage of SafeChargeBarclays has initiated coverage of payment solutions provider SafeCharge (SCHS) and believes there is long-term value if investors can see past a short-term transition. Analyst Gerardus Vos initiated coverage with a ‘buy’ recommendation and a target price of 310p on the shares, which were up 1.2% at 288p yesterday.‘As an online payment processor and acquirer, with a history of high growth, SafeCharge is seemingly attractive to investors looking to deploy the proceeds of recent sector consolidation,’ he said. ‘However, it is in the midst of a transition to reduce some high-risk exposure to improve its investment grade and this has resulted in two years of stalled earnings growth.’Vos predicted that the company would continue to reduce its risk exposure and therefore his earnings forecasts were below consensus, but longer term there is value. ‘Longer-term we see value in the group, particularly if it deploys its substantial cash balance, sees a sell down by its majority shareholder or participates in ongoing sector consolidation,’ he said."
gretel
12 Sep 2017
Very positive outlook today As already flagged in the trading update, the H1 headline numbers aren't great, but the H2 outlook is extremely positive.Moreover, the headline numbers declined mainly due to one-offs including (1) the historic customer base reshape, (2) one-off finance income last year and (3) higher tax charges this H1 relating to prior years. These are all non-recurring.The MMs are fleecing early sellers/profit-takers - down 7% on just £200k traded! Hope not too many get suckered/stop-lossed/panicked into a rash move.The outlook is fine:"The Group has enjoyed a strong start to the second half of 2017 benefiting from the launch of new clients, many of whom had started processing on the Company's global acquiring platform by the end of the first half of the year. The Group is confident that its focus on higher quality earnings driven by its healthy pipeline will yield revenue growth in 2017 and build even stronger profitable momentum in 2018 and beyond."With a $113m cash pile - which will increase greatly in H2 - SCH remain a sound investment imho.
gretel
05 Sep 2017
RNS : results to be next Tuesday 12/9 I expect the outlook in next Tuesday's results to be nicely bullish, which imo is far more important than the headline historic figures.Good to see a brief mention in Saturday's SCSW magazine, noting that the share price is becalmed despite SCH being "highly encouraged" by its Tier 1 client business pipeline. Hopefully more coverage to follow post-results.
gretel
04 Sep 2017
RNS : encouraging new appointments The new CFO today is good to see, but the other two appointments are particularly encouraging. It seems that SCH are beginning a campaign to get the company better noticed and understood in the industry and in the City - something which has taken all too long. Perhaps this will generate a well-deserved re-rating:"SafeCharge is committed to actively communicating with the investment and analyst community, as well as with potential clients, and I look forward to working closely with Jean and Delphine to enhance this."[link] SafeCharge today announces that it has appointed Delphine Bos as VP Marketing and Jean Beaubois as Head of Investor Relations, with immediate effect.Delphine has over 15 years' experience in marketing payments technologies and joins the Company from Adyen, where she was Head of Global Marketing. Previously Delphine worked at EMS Card, a First Data company, and at GlobalCollect, where she led marketing activities. In her new role, Delphine will drive the Company's strategic and operational marketing. Jean has over 15 years' experience in global capital markets and joins the Company from Berenberg Bank where he was Senior Technology Analyst. Previously, Jean worked at Morgan Stanley, where he was Global Equity Portfolio Manager and Small Cap Analyst. Jean will work closely with SafeCharge's executive management and external investor and analyst audiences to continue to build a better understanding of the Group and its investment case."
alioua
01 Sep 2017
Re: New gaming client for SCH yes gretel and the sp response is most of the times zilch- most frustrating share!
gretel
01 Sep 2017
New gaming client for SCH SCH are securing a new gaming launch in Germany:[link] September 2017 GMT: 08:14Sportito targets Germany first in Euro roll-out of its DFS platform Sportito Daily Fantasy Sports is to launch its full gaming offering in Germany following the acquisition of a gambling licence from the Malta Gaming Authority.Sportito, owned by ASAP Italia, first launched its fantasy gaming platform in the UK in 2016 and has partnership deals with Premier League Burnley and Championship club Fulham.The Maltese license will open up other European markets for Sportito that is keen to take on the US DFS operators who have been slowly ramping up their operations but have yet to show a full commitment to the European market with limited ad spends and low budget launches.“Fantasy sports is growing really fast in the Europe and Sportito aims to be the number one platform with the best experience ever,” Riccardo Mittiga CEO of Sportito said. “We are happy to expand our business into new markets in Europe for the fantasy players with various preferences of tournaments and sports” he added, “We are a customer oriented company and our team is doing our best to become the first choice in the hearts of the fantasy players.”Players on Sportito get the chance to withdraw their winning with the instant pay out option. Integration with SafeCharge, the best payment gateway provider, assures secure transactions to the users. Additionally, the collaboration with Boku gave the ability to make deposits via mobile. Sportito is the first DFS provider to offer this technology in the European market.Sportito’s game offering differs from rivals in that it offers contests for the players to win cash daily without having to wait a whole season for the payouts – the game is integrated with SafeCharge to ensure secure transactions. Via Boku players can also make deposits via mobile.Sportito game players are free from the salary cap restrictions and there is real time data available for the users to track their teams live."
gretel
31 Aug 2017
Great news for SCH partner WeChat It's now accepted on Apple as a payment method:[link] accepts WeChat Pay in bid to boost sales in ChinaDanielle Long-30 August 2017 10
4amApple will now accept WeChat Pay as a payment method for App Store and iTunes purchases as it seeks to boost sales in China.The move comes months after Apple and WeChat owner Tencent fell out over Apple’s stance on in-app purchases.In a statement to Chinese media, Apple said the company is “dedicated to providing multiple simple and convenient payment methods for customers within the Apple ecosystem.”WeChat Pay is the second largest mobile payment service in China with just under 40% market share behind AliPay, which has more than 50% of the market. Apple Pay currently has less than 1% of the market.AliPay has been available as a payment method on Apple since late 2016.The move is expected to help drive sales for Apple in China, where the brand is facing increased competition from local smartphone brands such as Huawei, Vivo and Oppo."
