Hopefully, today we can clear up some of the confusion surrounding Foley Trasimene Acquisition II’s value proposition, which I believe is now more compelling than ever. 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. Yahhhsss inject it straight into my veinsssss :D. I’m getting close to jump onto this one. So, it’s well established that Foley knows a thing or two about successful businesses. Heck of a steal that I am doubling down on. If the post above contributes to the sub in a meaningful way, please upvote this comment! Foley's BFT/Paysafe merger is an investment opportunity worth buying at least some position. Reportedly, Paysafe’s digital wallet, known as Skrill, is collaborating with cryptocurrency platform Coinbase to expand into the United States. Paysafe merger update & Paysafe stock update all in one, come to check it out. 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.”. ~ Special Meeting of Foley Trasimene stockholders to approve proposed business combination with Paysafe to be held on March 25, 2021 ~ ~ … I tend to agree with Pellegrino’s assessment. I hold commons for BFT. Through this partnership, Skrill’s users should be able to trade numerous digital assets in 37 states and territories. This is a great news! In December 2020, a merger was achieved with Paysafe, a global online payments company. Fortunately, in a special stockholders meeting, the shareholders did approve the merger. ", 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. Namely, the proposed merger with Paysafe would need to be approved by the shareholders. Source: Dmitry Demidovich/ShutterStock.com, Plus500. • $1.5Billion revenue / $103Billion transactional volume (2021E), • $560 Million EBITDA (2021E) “forecast to rise significantly by 2023. Foley’s first SPAC, CF Corp., turned out to be a major success story. 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. Fidelity National Financial (NYSE:FNF) ended up buying out Fidelity & Guaranty Life for a whopping $3.25 billion. Online payments company Paysafe going public in SPAC merger Tuesday, Bill Foley says. Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. The post Paysafe-Coinbase Partnership Adds Value to Foley Trasimene Acquisition II appeared first on InvestorPlace. That said, Foley's track record suggests strong growth ahead. Foley’s consistent M&A track record in generating synergistic growth indicates Paysafe’s current growth projections are conservative. Is the fintech market getting too big and spreading out the valuations or will this one actually rise above most? BFT/Paysafe merger. Now that the merger has been approved, the newly combined company will operate under the name Paysafe. Its projections show $744 million in adjusted EBITDA on 2023 revenue of $1.881 billion. 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. Commerce Policy | Good luck to all and enjoy the ride. Skrill users no longer have to convert their crypto holdings back into fiat currencies before buying another cryptocurrency.”, • Highly differentiated B2B and B2C global network, • Strong 80% adj. Special purpose acquisition company (SPAC) Foley Trasimene Acquisition Corp II (NYSE: BFT) plans to reverse merge with PaySafe, a global integrated payments platform and digital wallet in the first-half of 2021. I almost wrote a March $15 CSP on this today. I’m looking for a triple and I think I’m going to get it.” Cramer calls BFT/Paysafe “terrific”, “smart” with “good bloodlines.”. After shareholders vote for the merger, Paysafe will start trading under the ticker symbol “PSFE.” Paysafe versus PayPal Just don’t vote to redeem your commons for NAV. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. The merger vote for BFT and Paysafe is set for March 25. Foley says Paysafe may be his “best investment ever.”, • CNBC Pundit coverage: Steve Grasso says BFT will triple. just now. All rights reserved. • Merger deal eliminates 2/3 debt, leaving increased margins and strong cash buffer for Foley to initiate M&A plans, • Bill Foley, who drove value creation in Fidelity National Information Services from $2.5Billion MC to over $91Billion, says “Those characteristics of FIS are right in line with what we plan on doing with Paysafe.”, • Foley, a sophisticated dealmaker known for under-promising and over-performing, has led five separate multi-billion dollar public market platforms to complete over 100 acquisitions. That’s already a reason for the stakeholders to celebrate. 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. … I ask because I read about how someone voted for a merger on a SPAC and lost money somehow, someway. That company’s merger with Fidelity & Guaranty Life was valued at $2.24 billion. Foley’s first SPAC, CF Corp., turned out to be a major success story. Those are TRADING days so that's a roughly 7 months and 4 months respectively before these institutions are allowed to sell shares. Accessibility Statement | Reply Like (4) News. This is feeling like the dip now but I could be wrong. At that time, the share price was $14.80. Press J to jump to the feed. On the date of publication, Mark R. Hake did not hold a long or short position in any of the securities in this article. • 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. Now in 40 currencies and 30 global markets for easier cross border payments, • Enabled for cryptocurrencies (Bitcoin, Bitcoin Cash, Ripple, Ether, Litecoin, EOS, XLM, XRP etc. ▪ Bill Foley, Chairman of the Board Fidelity: Hi! The completion of the Business Combination is expected to occur on Tuesday, March 30, 2021, subject to the satisfaction or waiver of customary closing conditions. 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. Bangalore. 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 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. The Merger Is Approved. March 30, 2021 - 5:03 pm. Back on Jan. 5, 2021, I heartily recommended taking a long position in BFT stock. Still, not everyone was convinced that they should own BFT stock. 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. 8 min read. Foley’s track record is impressive, and as expected, the merger with Paysafe is a done deal. Press question mark to learn the rest of the keyboard shortcuts. Any thought on why? BFT had no operations until September 30, 2020. nothing, i've been in this situation before, chasing pennies and not getting the stock that i really want. Could see the BFT stock analysis update. "In our target date, for that if we hit our milestones, and who knows, sometimes you get hung up on various things, Paysafe should be or BFT should be de-SPAC sometime before the 31st of March. 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. This press release includes certain non-GAAP financial measures that are not prepared in accordance with generally accepted accounting principles in the Unit 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. This will no doubt fly into merger, but I also see massive upside post-merger given the iGaming wallet niche/deals with Draftkings-PennNational/broadening regulatory environment in the US, and broad user adoption. GL! 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. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! In just the last five years, Foley and his team have grown Ceridian from $4.2B to $14B, Dun & Bradstreet from $2B to $11.3B and Black Knight from $1.6B to $14B. T he Foley Trasimene Acquisition II Corp [BFT] special purpose acquisition company (SPAC) announced its first merger in December, with the fintech payments firm Paysafe. Foley says "before the 31st of March." Made In NYC | Perhaps it was inevitable that BFT stock would cool off after such a quick vertical move. Your vote determines the fate of this post! So, the stock pretty much went nowhere since I made that bullish prediction in January. Disclaimer | BFT stock and Paysafe merger could be a massive thing coming in q1 or q2, should be announced before q3. Foley Trasimene II Announces $9.0bn Merger with Paysafe Group •On December 7, 2020, Foley Trasimene Acquisition Corp. II (NYSE: BFT, BFT WS) (“Foley Trasimene”), a special purpose acquisition company, and Paysafe Group Holdings Limited (“Paysafe”), a leading global payments provider focused on digital commerce and iGaming, I showed that Paysafe has almost a 50% higher EBITDA margin than PayPal. The pandemic has accelerated the regulatory approval of digital sportsbooks and … Foley isn’t a guy to pump his stocks like some of the others. So long as there are no troubles, the Paysafe SPAC merger is set to close during the first quarter of 2021. December 11, 2020. It hovered between $0.90 and $0.99 for about 45 minutes. 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 . Special purpose acquisition vehicle Foley Trasimene Acquisition Corp. II and payments platform Paysafe Group have announced plans to merge. Moreover, Foley is a majority owner of the Las Vegas Knights National Hockey League team. sometimes you need to step back and look at the big picture... do you care if you buy it for 90 cents or a dollar if you hope to get it assigned to you anyway? I’ve been holding BFT since merger announcement. Nor is everyone clear on why Paysafe would be a good company to invest in. Paysafe is a payment and fintech company that’s in the process of merging with a SPAC (special purpose acquisition company) called Foley Trasimene Acquisition II (NYSE: BFT). ~ Transaction and move to capital markets expected to accelerate growth, enhance margins, and continue to build upon Paysafe… But there’s even more good news: a strategic partnership is afoot. Upon closing of the transaction the newly combined company will operate as Paysafe and plans to list on the New York Stock Exchange (NYSE) under the symbol PSFE. That represents an EBITDA margin of 39.55%.” (21% CAGR), • 10-15X growth projected in iGaming (currently 34% Paysafe revenue). Meanwhile, Foley is said to have earned an approximate $138 million return, or an astounding 515%, on his investment in CF Corp. Maybe that person owned warrants or something but I just want to make sure I don’t vote myself out of my tendies since this is my first SPAC. I can understand why that might be frustrating to investors. They aimed to close the transaction in the first half of 2021, which … It’s the most excited I’ve been about a stock in a long time. Foley and his investors also own a large portion of SPAC shares which aligns his motives with the common retail shareholder. Generally curious to see others outlook on this one as a buy and forget stock. Published today: Bill Foley from yesterday's earnings call: "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 … 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. “$45/$50 and then settle in before moving higher from there" “BFT. March 25th......Merger Vote Date!!! I’ll be the first to admit that I was lucky with the timing of my bullish call. The deal values Paysafe at an enterprise value of $9 billion. Paysafe Group Holdings Limited (NYSE: PSFE) and Foley Trasimene Acquisition Corp. II (NYSE: BFT) reported a definitive agreement and plan to merge… ), • Paysafe owns Openbucks, Neteller and Skrill, 2019 winner “Best Digital Wallet” for best consumer take up and most innovative technology with “greatest potential to disrupt current ecosystems”. PIPE lockup period is a minimum of 150 days and PE lockup is a minimum of 80 days. And then the shareholders the proxy we file we go through the shareholder vote and we will de-SPAC. BFT SPAC and Paysafe announced their merger agreement on December 7, 2020. Merger BFT with Paysafe SERIOUS DD with realistic price target of 50 + by the end of 2021 One of few fin-techs I am very excited about. BFT is one of my largest positions - with huge potential being a Bill Foley play. This one will definitely run in the next 30 days when we approach merger. cash conversion business model with no significant capex or balance sheet requirements, • 2017-2019 revenue grew from $800 Million to $1.4Billion (27%CAGR- including impact of acquisitions), • 2019 Gross profit of $909 million (excluding depreciation and amortization). 1139 shares @ $16.30... yea, I am very bullish on Paysafe and have been since the announcement. Holding warrants THROUGH merger with this one. This news got slept on with today’s shit show market! Foley Trasimene Acquisition Corp. II and Paysafe, A Leading Global Payments Provider Focused on Digital Commerce and iGaming, Announce Merger Transaction values Paysafe at pro-forma enterprise value of $9 billion upon consummation of transaction ~ ~ Transaction Includes a $2.0 Billion Fully Committed PIPE from Investors including a $500 million investment from Fidelity National Title … “Digital wallet and mobile payments operator Skrill, part of Paysafe Group, has also enabled an instant crypto-to-crypto feature. EBITDA margins above 30% with path to 35%+) Expanding margin projections offers flexibility and plays into Bill Foley’s strength of pursuing inorganic growth. Paysafe Merger BFT. BFT stock has already surged 41% since the announcement of a merger agreement with Paysafe, and once Paysafe lists publicly, further upside is likely.As an overview, Paysafe is … If you abuse me, I will disappear and you will lose this power, so treat it with respect. If playback doesn't begin shortly, try restarting your device. Paysafe is the #1 iGaming eCash network in the world. “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. That company’s merger with Fidelity & Guaranty Life was valued at $2.24 billion. I messed up with this play,,I wish I loaded up much more,,I’m hoping for another dip. Besides, not everybody is aware of Foley’s track record as a businessman. After the merger, the new business combination will trade on the NYSE under the symbol PSFE. Paysafe Stock Update along with BFT stock price prediction update for 2021. For one thing, there was an obstacle ahead as the shareholders still needed to approve the merger. A couple big guys got impatient and sold. When it comes time to vote for merger is there anything I should look out for? The Transaction: Paysafe is going public via SPAC Foley Transimene Acquisition Corp II (NYSE: BFT). David Moadel has provided compelling content – and crossed the occasional line – on behalf of Crush the Street, Market Realist, TalkMarkets, Finom Group, Benzinga, and (of course) InvestorPlace.com. BFT stock was up 13.7% as of Monday morning. 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. Published Mon, Mar 29 2021 7:00 PM EDT. Some highlights on BFT/Payafe for those unaware: • Proprietary scalable electronic payment platform used by Draftkings, Roblox, Youtube, Coinbase, Visa, Fortnight, Amazon, ApplePay, Twitch, Microsoft, Xbox, Spotify, Amelco, William Hill, Golden Nugget, Ceasar’s Entertainment, Betfair, PayLease, Vanilla Direct, MindBody, ESL Gaming, Luckbox etc. I am betting that Paysafe will have a strong run post merger. US iGaming continues to be legalized state by state, growing revenue by 234% in just the last year. Soon afterward, on Jan. 21, the stock price shot up to a 52-week high of $19.57. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). I personally think this may be a good thing. 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. But as I alluded to earlier, there was still an obstacle to be cleared with Foley Trasimene Acquisition II. This is going to take the effff off very soon. Stock quotes by finanzen.net, InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. At the close of the markets on March 26, the share price settled at $14.55. The Merger Is Approved. 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 The Merger Is Approved. Holding 700 warrants. Furthermore, Paysafe’s partnership with Coinbase will only solidify the already strong bull thesis for BFT/PSFE stock. BFT Stock: 9 Things We Know About the Upcoming Paysafe SPAC Merger (PSFE) The merger will close in Q1 2021 By William White , InvestorPlace Writer Dec 7, 2020, 11:00 am EDT December 18, 2020 Just because Foley said "before March 31st" it's not the equivalent of an official announcement of a merger date. • High profit margins with significant operating leverage. Without an S4, there is reason to believe we may be waiting longer. Hopefully I get another entry opportunity. Paysafe to merge with Foley Trasimene Acquisition Corp II. On … This event cleared the way for the business combination to occur on March 30. I really like this one. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. Yet, a deeper dive into Foley’s track record and what’s been going on with Paysafe lately might help to encourage the shareholders. Thus, the share price immediately started to decline after the Jan. 21 peak. BFT is going to be the best long term SPAC yet. Foley’s first SPAC, CF Corp., turned out to be a major success story. And, it is expected that the stock will begin trading on March 31 on the New York Stock Exchange under the ticker symbol “PSFE.”. BFT is not getting much attention though. The Coinbase collab should enhance Skrill’s (and therefore Paysafe’s) value to the users and stakeholders. Rather than rising above most, Paysafe only needs to achieve fair valuation relative to peers to perform well. ", "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.". Tyler Clifford @_TylerTheTyler_. I agree with everything you said which is rare for these types of posts for me. At current prices the risk/reward seems to be a no brainer in my view. That company’s merger with Fidelity & Guaranty Life was valued at $2.24 billion. If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment! what's an extra 10 cents going to do to your cost basis of $15 on the share? LEAPs look good as far as pricing goes but I know shares are less risky. I could see this hitting Cathies radar and her picking up a chunk. This gives ample time for analysts to initiate coverage and offer 12 month price targets based on peer valuations and Foley prospective M&A activity. (Adj. Great post. Under the terms of the proposed transaction, Foley Trasimene will combine with Paysafe and, in connection with the business combination, Paysafe will become a … CCIV took the January/Feb spot light which is the only reason this is sitting at $16 currently.

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