Zak Mir - on a hat trick...

Tuesday, 4 July 2017, 8:08 pm

Take a huge bow Zak Mir.

The erudite Mir, now editor and co-founder of financial website Wall Street Wires, has just landed two gigantic M&A scoops in the space of 48 (trading) hours.

Last Friday morning Zak broke the rumour of a potential bid interest in Danish payment company Nets, which was subsequently confirmed by the company on Saturday evening.

And today Zak - who used to host a Tip TV M&A session with little old Betaville on a Monday morning - revealed FTSE 100-listed Worldpay had received approaches. Within an hour the company disclosed takeover interest from both JP Morgan and Vantiv, sending the shares 28pc higher. Here is the link in case you missed it:

The rest of the payment processing sector was on fire, too, thanks to Zak's efforts as fevered speculation whipped round markets about which payment processing company could also be a takeover target.

Wirecard, for example, closed up almost 8pc. In case you don't recall, Wirecard was last year's company the market-loved-to-hate, with about 17pc of the stock lent out to short sellers.

Now, according to friendly brokers, there is only 5pc lent out to short sellers, indicating the shorts have been thoroughly squeezed over the last 12 months.

Anyway, back to Zak. Well, after this brace of scoops little old Betaville is looking forward to what the new digital reporting legend is about to publish next... ..

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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