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Apt small down day on low volume after 6 up days and the pattern replicated over the preceding 7 days. Long may it continue
Says different in the uK accs
end of last year AFT share price was A$ 118
Clearpay put option was only $67.840.000 ( from the link below) and we are values now at about $110m . Clearly AFT doesn't agree with this valuation
https://afterpay-corporate.yourcreative.com.au/wp-content/uploads/2021/03/Afterpay-Limited-Half-Yearly-Report-HY21.pdf
It depends on what your investment aim is. If you are holding in the hope of a Clearpay buyout then Afterpay’s share price has a direct impact on the end valuation.
“Afterpay’s share price has very positive implications on the conservative valuation of ThinkSmart’s 10 per cent stake in Clearpay. That’s because Afterpay has a call option (exercisable from 23 August 2023) to buy ThinkSmart’s 10 per cent holding. ThinkSmart has a put option (exercisable from 23 February 2024) to sell its stake to Afterpay, too. The price is calculated on agreed valuation principles that were used in determining the carrying value of the stake in ThinkSmart’s accounts. One of the principles is the market capitalisation of Afterpay.”
Even if you are holding short-term Thinksmart tends to track Afterpay’s share price movements. So, any positive news from Afterpay is beneficial to Thinksmart’s share price.
In the last results we were tracking the USA on performance. Last year the APT trading update for the year to 30/6 was made on 7/7 so lets see what is said about UK
but what matters for us is the UK part of the business and there is Hugh gap between TSL and Afterpay how much our stake is worth
For those unclear about the technology behind the Afterpay card:
“The Afterpay Card has replaced the barcode system of shopping in-store. It is a contactless Mastercard stored in your Google Pay or Apple Wallet and is super easy to set up and use. With Afterpay Card, you just App it, Add it, and Tap it to pay in 4 interest-free instalments.”
“The product enables customers to use the buy now, pay later service regardless of whether the merchant has an agreement with Afterpay.”
This really is a game changer…
“Afterpay Ltd has dramatically expanded its ‘one-time card’ that US customers can use, onboarding big-name merchants covering almost half the online shopping activity in the US.”
“The buy now, pay later provider revealed Wednesday 23rd June that the likes of Amazon, Nike, Target Corporation, Sephora, Macy’s and Dell Technologies are now available through its app.”
“Customers can now generate a single-use card to enter at checkout for any of these brands. The transaction is then facilitated by Afterpay, with all the usual benefits of instalment payments.”
“Nordstrom Inc, Walgreens Boots Alliance Inc, CVS Health Corp, Kroger Co, Victoria’s Secret and Yeti Holdings Inc were also onboarded during the expansion.”
See the APT RNS with the USA press release regarding Amazon and tinternet retailers, also the 650k customers signed up in AUS for mastercard in 3 weeks ie can use in store with no BNPL facility....very interesting innovation. Assed 40k shares at the off
AP now $130
https://www.thetimes.co.uk/article/millennials-happy-to-treat-themselves-by-instalments-gp8fl79ps
Millennials happy to treat themselves by instalments
Clearpay’s interest-free online payment model grew rapidly during the pandemic
“From the other market launches, we know offering in-store payment provides an enormous opportunity to reach new customers who, out of habit or preference, opt to shop in-store,” he says. For high street retailers that have been ravaged by the pandemic anything that encourages shoppers will be welcomed with open arms.