Qiwi Has a New Shareholder

Qiwi has got one more shareholder which succeeded to receive 8% of the payment system shares. A new stockholder is the investment fund under the name of Sylebra HQ. The company is registered in Hong Kong. The specified above information is taken from the SEC (U.S. Securities and Exchange Commission) website. If to take into consideration current prices for Qiwi stocks, Hong Kong giant paid for its new purchase around 50 million dollars.
Sylebra HQ performs functions of a financial consultant for a larger company Sylebra Cayman, located in Cayman Islands. But the interaction thread is not completed. This structure (Sylebra Cayman) acts as investment manager of another fund with a long name — Sylebra Capital Partners Master Fund with the same registration address. As for the company’s owners, threads lead to two individuals — Jeffrey Filler and Daniel Gibson.
However, this is not the end of the story about Qiwi shareholders. Rather recently one more investment company, this time from the USA – JPMorgan – has bought shares in Russian payment system. This company has also succeeded to get significant piece of the pie, 6.5%. From the information presented on the SEC website we may conclude that among shareholders there is more than one fund from the USA. For example, Waddel & Reed has 4% share of Qiwi stock. Besides that, one more American investment fund holds 4.6% of QIWI stock. As for Australian company Platinum Investment, its share in Qiwi became smaller: it has been reduced from 6% to 4.5%.
 

Decline in Qiwi rates

It is recognized that share value of the payment system that reached its top values in 2014, continue declining for the second consecutive year. In January last year (2015) shares were traded at the rate of 21 USD per 1 share, in January this year the rate declined to 16 USD. Moreover, QIWI securities continue downward trend. In March 2016 shares were traded at the rate of only 11.7 USD.
 

Qiwi prospects

Drop in QIWI securities which began two years ago is likely to be related to amendments to Russian legislation aimed at fight against terrorism. As a result, a number of anonymous payments lowered by several times. Next, there was negative influence of the complicated macroeconomic situation in the country. But there is more to come. Decline in rates was also influenced by the decision of the Central Bank. The CB intensified the battle to legalize finances of criminal origin; therefore, the payment system had to reduce the network of payment terminals.
Well, the situation is not that bad. Timur Nigmatullin, one of the leading analysts at “Finam”, assured that a new shareholder, Sylebra HQ, is a positive change for Qiwi.

Analysts believe in growth of Qiwi securities


Investment company Sylebra HQ is an ambitious project that invests in profitable companies across the globe. Special attention is paid to projects in sectors of telecommunication, media, hi-tech and others. Nigmatullin is sure that an industrial investor relying on long-term perspective won’t get rid of its share on the negative trend. If to look at QIWI stock prospects in the long run, it looks not bad, especially taking into consideration challenges the payment system has been facing in recent years. It can be assumed that current problems and downward share rate trend will change in the nearest future. This is confirmed by perspective of e-payments market. As predicted, in the nearest five years it will grow no less than 20%. If this is the case, current moments with low rate and encountered problems will be leveled.