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KP123
I got this from the IC Alpha report published on 30.4. and updated on 12.5 under the heading "Tech that and rally"
this will go straight to over 30p when the clearpay shares get revalued i reckon, mm just waiting to see that
No I couldnt. Always seems to have loads of buys here...48K etc....but goes nowhere. Strange
Misterh - where did you get the information that one of the valuation principles is the market capitalisation of Afterpay? I've looked in the various RNS's and reports and didn't see info on what the valuation principles were, but perhaps I missed it?
The key fact is that Thinksmart has a put option on agreed valuation principles to sell its remaining 10% holding in Clearpay to Afterpay. One of the valuation principles is the market capitalization of Afterpay so the carrying value is clearly a function of this.
It should become a bit clearer once the final results are published in September, noting that the SP of Afterpay as at 30.6.20 was 60.99 AUD and comparing this to the valuation at 31.12.19 of 16.4M when the share price was 29.28AUD.
Yes but I dont see the value of that. The company does not own shares in Afterpay only Clearpay and I see nothing that means Afterpay has to pay more for the ten per cent just because its own shares have risen.
Hope I am wrong as bought on strong newspaper tip...done nothing since.
Buy now, pay later merchant Afterpay experienced its highest quarter ever during the COVID-19 lockdown in Australia as consumers turned in droves to online shopping.
In an update to investors today, Afterpay said in the fourth quarter of FY20 it recorded underlying sales of $3.8 billion, up some 127 per cent for the same period 12 months ago.
For the total FY20 financial year Afterpay recorded $11.1 billion sales, a 112 per cent increase from the year prior.