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Will Microsoft Pay enter the bidding war ????
https://twitter.com/surprised_trade/status/1422224471725912065
97p.....initial target was 100p, this deal raises the bar and IC stating 140p+ for fair value with potentially more upside
https://www.investorschronicle.co.uk/ideas/2021/08/02/thinksmart-strong-buy-opportunity-squaring-the-circle/
My guess is this will all be sorted by Q1 next year. The new owners will want everything sorted and all the loose ends done. I reckon 150p return is possible in total and this might remain as a SPAC with 10 million £ cash. I will not be selling here. I see limited downside and big upside now....after this move today. If the price falls back to 80p or below I will look to add. Just 59p a couple of weeks ago! News changes everything.....
Thank you, Monkeyboy1200 :)
And remember Square's closing price on Friday valued APT at AUD 126. So far Square is up 8.4 % today so the market likes the deal and Augur's well for the APT price tomorrow
Ninna - in your case I'd just hold until Thinksmart gets bought out in its entirety. That might be as close as early next year, but more likely in 2023/24.
How many years is classed as long-term?
I bought some TSL shares for my 5-year-old daughter's JISA so wondered how many years I should hold this for her.
Thank you
Walletinvestor target price 110.64p and long term 302.546p
Simon doesn't say that 130p+ will be reached by the end of today
Not to be a party pooper but I doubt its got another 30% to go by the end of the day
just bought 5k @ 90 and planning to get nice 30pc by the end of day at least !! it slipped under the radar as I had on my watchlist since it was 5p... better than bitcoin :)
And to be clear that is 132p plus 9p
Thinksmart’s 10 per cent stake in Clearpay therefore has a read through valuation of £216m, and £140m (132p a share) on a fully diluted basis.
In other words, although Thinksmart’s share price has rallied 43 per cent to 87p this morning, it still represents a hefty 36 per cent discount to the read through valuation of the company’s 6.5 per cent fully diluted stake in Clearpay. ThinkSmart also held £10m (9p a share) of other net assets including net cash of £6.9m at the end of 2020.
The share price discount is anomalous given that there is a huge incentive for Afterpay to acquire ThinkSmart’s 10 per cent stake in Clearpay early next year in light of the change of control, so ThinkSmart’s share price is set to re-rate significantly in the interim to narrow the valuation anomaly.
Thinksmart’s 10 per cent stake in Clearpay therefore has a read through valuation of £216m, and £140m (132p a share) on a fully diluted basis.
In other words, although Thinksmart’s share price has rallied 43 per cent to 87p this morning, it still represents a hefty 36 per cent discount to the read through valuation of the company’s 6.5 per cent fully diluted stake in Clearpay. ThinkSmart also held £10m (9p a share) of other net assets including net cash of £6.9m at the end of 2020.
The share price discount is anomalous given that there is a huge incentive for Afterpay to acquire ThinkSmart’s 10 per cent stake in Clearpay early next year in light of the change of control, so ThinkSmart’s share price is set to re-rate significantly in the interim to narrow the valuation anomaly.
Been holding since 24p and added a bit more about two weeks ago - very happy I did.
Firm handshakes all round
latest news .....
Afterpay co-founder Nick Molnar says merging with Jack Dorsey’s Square will provide the scale and reach to allow Afterpay to take on the giants of the global payments industry, after he and co-founder Anthony Eisen snared the biggest M&A deal in Australia’s history.
I think Square is the perfect partner for that. We are seeing incredible growth across our core business and [Square] provides a really strong foundation to accelerate our growth.”
Afterpay’s brand will continue inside Square’s payments ecosystem, which includes a consumer app used by 70 million Americans, and payments hardware and software used by more than 1 million US merchants.
This is a transformative opportunity for our combined companies,” said Amrita Ahuja, the chief financial officer of Square.
“Afterpay has distinguished itself as a category leader in buy now, pay later, delivering remarkable growth ... and we see a number of levers to drive continued growth for Afterpay.”
Dana Stalder, a general partner at Matrix Partners, which backed Afterpay’s launch in the US in January 2018, said a combined Afterpay and Square would become one of the most exciting fintech companies globally and the pair has the potential “to build one of the world’s most important payments networks”.
“I think the combination of Square and Afterpay is a win for the shareholders of both companies and a win for consumers and merchants,” he said.
Local analysts said Afterpay investors were scrambling to understand the Square business to determine whether they should hold Square stock if the deal goes through or maintain holdings to provide exposure to any future gains.
Square has 70 million consumer customers, compared with Afterpay’s 16 million. Afterpay will be embedded into the Square Cash App, allowing Square to better compete with the likes of PayPal, Affirm and Klarna by offering customers an integrated retailing experience.
https://www.afr.com/companies/financial-services/square-to-acquire-afterpay-in-39b-deal-20210802-p58eyi
The SOPT cacuation when Clearpay was £106m in 2020 was 100p for TSL, clearpay has now substantially increased value and still increasing, so it all points to well in excess of 100p+ on my calcs ....
Must go to 100p plus I reckon.
https://twitter.com/surprised_trade/status/1422121811718942725
90p....Ned Montarello, Executive Chairman of ThinkSmart, said: We are now more excited than ever about its prospects and how this deal should provide further upside for ThinkSmart's
Did not see takeover. Hope some LTH on here added more in the late 50's.
Clearpay value at £106.6m (100p a share) in the second half of 2020, buoyed by Clearpay’s eye-catching operational performance and ongoing re-rating of Clearpay’s majority owner, Afterpay.......clear pay value now increased a great deal further, so SOTP glance suggests TSL stake exceeds 100p+....looking forward to IC putting some figures together in the next few hours ....
Commenting on these announcements, Ned Montarello, Executive Chairman of ThinkSmart, said:
"The combination of Afterpay and Square is exciting with complementary service offerings and customer bases. For ThinkSmart's shareholders, we believe this translates to a very positive and material impact on Clearpay UK, which we retain a 10% shareholding in. That growth of Clearpay UK, which it is clear today is continuing unabated, has been phenomenal adding 2.1m customers in the first 2 years of trading. We are now more excited than ever about its prospects and how this deal should provide further upside for ThinkSmart's shareholders."