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Not really sure what your point is BP?
Ceres power new low today,
ITM new low today
VLX new low today
Blah blah blah.
Yes the price is going down, so is everything else in this space, so is it really worth coming here to give it a kicking?
I did sell a little bit today, just couldn't pass up buying some other bargain, sure lots of others are doing the same. When Block starts to go up, the crowd will arrive, IMO. However until then, this is has the least potential. Not helped by the seller either, who probably has different criteria to average PI.
Off topic, is anyone else having trouble with the site? Keeps logging me out.
:-)
52 Week Low 44.10
52 Week Low Date 21-Jan-2022
Will 40p be the low. Doubt it! Nas down daily.
The problem is that Thinksmart moved too quick in tieing up a deal for shares , so value was based on block at the time.
If we had waited then we could of been offered more shares as part of the agreement.
This could of been a factor of 1.4 x more , now we are exchanging for lesser value then was the true value as Block share priced dived.
Hence why the value has dropped , we are in the hands of a bigger company and where as we had a good slice is now less than 0.2% as a whole. In other words we are no-bodies and a holding company now.
Its why no-one is buying is a unknown trade in assets , im i ****ed off yes.
https://twitter.com/surprised_trade/status/1480879189188354052
Interesting comment in Fundsmith annual report on P/E '..despite the rather sloppy shorthand used by many commentators highly rated P/E does not equate to expensive any more than lowly rated equates to cheap'...
I totally get both of your posts, as PE of 120 does sound crazy. We need to wait for the Q4 results in early Feb, to hear about the guidance for next year, this might help improve the PE. We currently have the majority of analyst's predicting a share price increase, so again it will be interesting to see if these get revised soon, if as you say Block starts to appear over priced.
I think that the current PE is based on the April 2021 results, so these are quite out of date now. Looking on Yahoo, at some ballpark estimates, the consensus is for 30% growth in EPS next year, this must partly explain the current high valuation.
I guess the question with Block, is not so much what it is worth today, but whether you think it will be worth more in the future.
From a technical point of view, the Nasdaq, is at 200MA support, so lets see which way it goes.
Look at Ira Epsteins daily take on US charts. He sites that the last few times the S&P dopped, it rebounded strongly.
(Skip to 3 minutes in).
https://www.youtube.com/watch?v=MHbCCYstA60&ab_channel=IraEpstein
Looking at 'trading view' for Block, there are a few people suggesting long positions now.
Block may touch $100 before it rebounds - strongly to new ATH's.
I have a few grand here, with an average in the mid 50's so not overly worried either way, but do think that this investment shows promise (barring a market crash), not forgetting we are still in profit today above the current share price if TSL was would up next week. I also think that TSL would have considered this deal carefully and if they thought Block was over priced, why would they take the deal, with payment in SQ. shares.
Im going to sit tight until at least March, for all the above to play out.
If you’re interested in the big picture also worth considering Block is trading at a PE around 120
This is down from the 130 I highlighted a couple of weeks ago but still ridiculous compared to Paypal which itself is at a frothy PE of 40
Nasdaq is falling away as bonds surge with interest rates on the up. Would I buy square at this time? No. I will hold TSl until the end game
It's important to keep your eyes on the bigger picture. As of the time of this writing, Block trades for less than six times its trailing-12-month sales. For context, buy now, pay later competitor Affirm trades at 33 times sales, while Paypal trades at nine times sales.
Given the company's increasing revenue growth and vision to build a one-stop shop super-app, Block's ecosystem is quickly becoming more robust than its competitors. It may be fair to say that Block has fallen to a bottom and is a good buy at this valuation.
https://www.fool.com/investing/2022/01/18/is-block-stock-undervalued/
At least Ian Cowie in the STimes owns up to his duds.
To be fair you can’t take away his investments of the year track record, however. He has beaten the market every year and sometimes by a lot
Amidst all the downward revisions, Perlin reminds investors his positive thesis remains unchanged. The analyst thinks that last year’s acquisition of buy now, pay later leader Afterpay – expected to close early this year – will be an excellent addition which “links SQ’s two ecosystems more meaningfully together.” Amongst the key strategic benefits of this transaction are Afterpay’s 100,000+ global merchant base which will not only enhance merchant acquisition but will “accelerate SQ’s growth with larger sellers and expand into new geographies.” The deal will also enable Afterpay customers to manage their repayments inside the Cash App, thereby expanding SQ’s peer-to-peer product offering
https://www.tipranks.com/news/article/block-stock-gets-a-price-target-cut-but-there-are-reasons-to-be-bullish/
Agree, had to laugh at the front cover of this week's IC: The Secrets of Successful Investing, by none other than Simon Thompson. It's no wonder he wants to dissociate himself from his recent twice iterated Strong Buy!
No mea culpa from ST despite 50%+ fall in share price since his last buy recommendation.
Disappointing.
Nd
The Directors are pleased to announce that all of the resolutions put to shareholders at today's General Meeting were passed by means of a poll.
The Board would like to thank voting shareholders for their unanimous approval of the resolutions and in particular for the approval of the sale by ThinkSmart Europe Ltd (ThinkSmart's wholly owned subsidiary) ("ThinkSmart Europe") of its 10% holding in Clearpay Finance Ltd ("Clearpay") in exchange for 1,650,000 shares in ASX listed Afterpay Ltd ("Afterpay") (ASX: APT) ("Disposal"). The Disposal is expected to complete on 17 January 2022 at which point ThinkSmart Europe will receive 1,650,000 shares in Afterpay.
As announced on 12 January 2022 by ThinkSmart, the scheme of arrangement for Block, Inc ("Block") to acquire Afterpay is now unconditional and as such the 1,650,000 Afterpay shares that will be received by ThinkSmart Europe as a result of the Disposal will be exchanged for 618,750 Block shares, which is expected to occur on 1 February 2022
Favour*
With 99.79% voting in favor of the deal
https://www.nasdaq.com/press-release/square-announces-on-demand-delivery-through-square-online-for-canadas-food-beverage
Just one example of what else they are doing. Awesome entry point for investing in Block or TSL IMO.
Anyone know ho to attend the general meeting online?
Simon Thompson has already published an article after returning from holiday. He suggested it is a 'buying opportunity.
https://www.investorschronicle.co.uk/ideas/2022/01/06/unravelling-thinksmart-s-share-price-decline/
" I think I understand what is going on."
I imagine something akin to the midnight 'emergency meeting' scene from the film 'Margin Call'.
Ned being a less impressive Jeremy Irons - "**** the shareholders, sell it all."
Having read Thinksmarts RNS 4 times I think I understand what is going on. I'll be glad when ST gets back from holiday and makes everything clear. Meanwhile I'm steering clear of this 'opportunity'
What is the % pass mark on Friday for the sale to go through?
How can we vote when we have not been contacted by anyone regarding this vote??
Has anyone the details of how to vote or do we have to contact our Broker?