Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Boo shows time and again how the market over-reacts to both good and bad news. In that way, their penchant for volatility is understandable.
As a recent article in IC states, bubbles are created by investors propensity to deduce long -term trends from short term factors. And this works both ways. Hence BOO's current short term problems are being perceived as a long term issue and they are (wrongly IMO) getting crucified by the market.
Anyway, back to Block. It seems there is no rationale to support a P/E as astronomic as 130, other than the generally held view that Nasdaq stocks have built up too much of a head of steam. Only difference in Block's case is they are trading at a multiple about 2x that of, say, Amazon (Yikes!) and 4x that of Apple (Double Yikes!)
Interesting that today has so much focus on Block and Crypto. TSL do not own any shares in Block yet, or Afterpay, and will be voting on accepting the deal later in the month. Think this could be quite a wild ride IMO, with many twists and turns. Ned has a huge interest in this being a good deal. Is it possible, the deal could get rejected, and a better offer received? There must come a point when this needs to be reconsidered. I recall many posts saying that the longer the deal took to conclude the better it was for TSL. Worth a punt at 49p for something that only 6 months ago was worth near £1.60 per share.
and re P/E they can be misleading as you know from BOO...looks low and a buy for some, however it keeps geting lower, so they too are mis leading.....markets are not easy ...
Hi Archy, TSL's transistion to Square is not one for you, time will tell and this is exactly what makes a market..good luck ..it's what makes markets fascinating, we all have opinons :-)
Thanks Surprised
The problem with analysts is they're all completely hopeless, and usually re-active to movements in the market rather than any good at predicting it.
Have we any basis for thinking the P/E of 130 is wrong? If not, Block still looks way too expensive for my tastes.
We all have our opinion but the fact is the price is falling sharply. Block could easily halve as bitcoin falls away. The reality is that TSL is now over 60 per cent down in over a month and those that bought at up to 110p weeks ago can sell at 48 pence. It looked good value at 80,70,60 and now below 50p. Will we see below 40 and then 30? No idea
these guys see value ahead..for both TSLas it stands today and the Block investment looking ahead
''..with the investment in future being liquid Block shares rather than the illiquid Clearpay minority holding. Montarello is bullish on Block long-term but we suspect he will be pragmatic in realising value ...''
''Value per share (107m shares in issue) = 72.6p
Current Think Smart price = 54p
...the discount to fair value has widened, with Think Smart now trading at ca 25% discount to its asset value (which we can now measure accurately). This looks attractive - assuming your view on Block is reasonably positive.''
www.growthcompany.co.uk
The 32 analysts offering 12-month price forecasts for Block Inc have a median target of 300.00, with a high estimate of 360.00 and a low estimate of 172.00. The median estimate represents a +108.93% increase from the last price of 143.59
https://money.cnn.com/quote/forecast/forecast.html?symb=SQ
Thanks for the info on what Block do guys. The next, more important, question is are they priced reasonably...
This link from II shows they're trading at a P/E of 130 ... if correct that's (more than) a little steep??
https://www.ii.co.uk/shares/block-inc-class-a/NYSE:SQ
I used some money I had stored in a CAML.....
Is there a chance that the BOD declines the deal now, and asks for a little more, due to devaluation of the Block shares?
I have bought another batch at 49.6p.
Added 40k at this level
thanks all for the information sources below
Lets now see the APT trading update to end dec
https://investors.block.xyz/overview/default.aspx
The first paragraph explains exactly what they do.
This is all down to the drop in BTC today. Again a little research would explain why that isnt a huge problem.
Hi Archy, a bit more insight into Square (a bank to be among other aspect )
https://mtcapital.substack.com/p/square-inc-sq
''....Cash App Pay will allow consumers to pay with their Cash App accounts at participating Square Sellers. Though reliant on the extent to which consumers are willing to forego their credit cards, debit cards etc. to use the cash app ecosystem instead, this poses a very interesting opportunity for Square. When combined with the Afterpay efforts, this proposition is only further strengthened...
...Square’s undeniable value to sellers, the series of efforts they have embarked on in order to continuously spur growth in both of their main business segments and the attempts they are making to benefit from closed-loop payments. It is an exciting time to be part of everything Square is doing.
Square is at the top of the Fintech industry for a reason. With two strong business segments growing larger by the minute, there is a lot to like. In addition, with the Afterpay acquisition in mind, my opinion and conviction is only strengthened. ''
https://money.cnn.com/quote/forecast/forecast.html?symb=SQ
The 32 analysts offering 12-month price forecasts for Block Inc have a median target of 300.00, with a high estimate of 360.00 and a low estimate of 172.00. The median estimate represents a +108.93% increase from the last price of 143.59.
Ps this is a handy summary for anyone who wants to understand more
https://www.fool.com/investing/2022/01/04/what-does-bitcoin-mean-for-block/
I’ve been thinking about taking a punt here. It basically seems that Investing in TSL = investing in Block = investing in Bitcoin.
Not sure what I think about that. Block and Bitcoin seem to be on downwards trends at the moment, but investing would certainly add a bit of diversification to a portfolio. (I don’t have any exposure to Bitcoin at present and I suspect most here don’t either?)
The one thing that troubles me is that Bitcoin has gained massively over the last 18 months and a continued pullback wouldn’t be unsurprising (especially as Bitcoin is built on foundations of, well, nothing).
Hi Draft , posted some stuff below....and some folk buy when prices are rising, some buy when at lows, we all have different takes, however, the figures suggest a value gap currently.....interesting markets and decisions
https://mtcapital.substack.com/p/square-sq-x-afterpay-asxapt
9.0 Conclusion
In summary, Square is a behemoth of a business that has only been made stronger with the addition of Afterpay into its ecosystem. With a Seller-focused segment that has yet to experience serious competition, Cash App bolstering strong customer adoption and sticky associated use-cases (P2P money transfer, investing and spending) and Afterpay cementing Square as a bank of the future with its exposure to a fast-moving payment method that is taking the world by storm, it is quite easy to be a Square shareholder.
found it, given the share price is on the way down on the chart, might not be a good deal from a timing point of view
Hi Draft, take a look at previous posts below, there are a few posts detailing Square who trade as Block..for Block read Square..it's all there :-)
what does BLOCK even do,. cant find anything about it anywhere
part of an article on TSL published last night
''...it is preferable to do a deal on the Clearpay minority now, while Think Smart retains some influence over proceedings. This way he derisks the asset by locking in the value of the Clearpay stake in return for listed shares in a $72bn market cap company (ca $90bn when the Afterpay acquisition completes). Block is also a much more diversified payments business compared to Afterpay’s BNPL focus.
...with the investment in future being liquid Block shares rather than the illiquid Clearpay minority holding. Montarello is bullish on Block long-term but we suspect he will be pragmatic in realising value ...''
Value per share (107m shares in issue) = 72.6p
Current Think Smart price = 54p
...the discount to fair value has widened, with Think Smart now trading at ca 25% discount to its asset value (which we can now measure accurately). This looks attractive - assuming your view on Block is reasonably positive. Think of it like an investment trust: if Block shares start to recover then there is the prospect of a performance boost from the discount narrowing.''
Dave Thornton from' growthcompany' provided a write up on TSL last evening, confirming the view that TSL trades currently ata 25 percent discount to assest value and if Block rallies as most analysts expect over coming months TSL clealry goes with it , Block trading at lows currently ahead of the deal and average forecasts from majority of analysts is for 85 percent plus growth over next 12 months...
www.growthcompany.co.uk
Im still holding here, but also considering acquiring some Block shares after my research. Crazy cheap ATM.
Average consensus $287 in 12 months.
https://www.wsj.com/market-data/quotes/SQ/research-ratings
https://twitter.com/surprised_trade/status/1478816834732318722
currently at a 25% -30% discount to asset value. If consensus is with 30+ analysts who forecast a median view of 85%+ growth in next 12 months for the Square/Block deal, the risk is to the upside from current price
https://twitter.com/surprised_trade/status/1478336204353556494
added further to holding at 54.75p
Hi Patrm, different views are what makes a market ....and hopefully the details provided below suggest there is possibly a lot more to the Square/Block deal ....good luck wherever you invest next and I'm sure you'll watch TSL with interest over coming months
https://money.cnn.com/quote/forecast/forecast.html?symb=SQ
The 32 analysts offering 12-month price forecasts for Square/Block Inc have a median target of 300.00, with a high estimate of 360.00 and a low estimate of 172.00. The median estimate represents a +85.76% increase
The current consensus among 38 polled investment analysts is to Buy stock in Square/Block Inc.