The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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From memory APT active customer nos were 13.1m cf 13.4m that some of the more adventurous analysts were forecasting. However, UK was 1.6m up from 1m in Nov and the star performer.
The two CEO sold 0.25% of their holdings for a charity foundation AND the APT share price is now back to where it was in MID Jan
Looking forward to the TSL half year report on Thursday and the APT 3rd 1/4 update in about 5 weeks time
Read through valuation (despite Sterling strength) is 112p
The annoyance is:
Afterpay goes up - we stay still
Afterpay goes down - we go down
Medic!
Remember the Afterplay valuation is based on it's share price and therefore TSL will follow it's share price - AUD 119 today down from AUD 152 just 5 days ago.
Why or however the discount is being manifested in TSL's share price I'm not quite sure - but it will perhaps always follow this until the pay day comes nearer?
Some shares remain over valued and some undervalued for long periods of time - but it looks like TSL's share price will just be a read across from whatever Afterplays is doing, unless it finds more strings to it's bow!
I'm just not getting this share - One week till results and you'd think it would be rocketing up.
Are we the only ones with brains! or balls!
Patience etc. etc.
The accountant in me is always concerned that everything should balance. If Afterpay accounts are showing that the TSL holding is worth $64m then TSL should show a corresponding increase in their accounts.
$64m = ,£45 mi
There are 107 m TSL shares.
£45 million divided by 107 million shares = 42 p per share.
Therefore I am anticipating a 42p incrrase in TSL share price on our results day.
Not sur if it will happen though :-)
I would add:
Sales in line with broker consensus
Transaction losses down from 1% to 0.7%
Income from late fees down (good for customer quality and the regulators)
UK active customers in Dec 1.6m up from 1m in Nov!
TSL results were on 4 March last yr
Actually clearpay won't be involved in Europe. But still huge growth for the uk.
TSL a lot to look forward too...it gets better for TSL with those figures, once our iii has completed his move, anytime soon, the brakes should be off as value continues to increase :-)
Beat me to it. Great growth from Clearpay. Also stated
"Europe is its next expansion market. Regulatory approval for the acquisition of Pagantis, announced last August, is expected by mid-March and Afterpay said work was “well progressed” for launch into Spain, France and Italy. In the UK, $800 million of underlying sales went through Clearpay in July-December, up 288 per cent, while active customers jumped 161 per cent to 1.6 million."
I hope that means Clearpay will be leading this.
Have I read this correctly?
Afterpay has released their half year results. They have reported an increased loss which they primarily attribute to the increased value of ThinkSmart's put option for the remaining Clearpay stake.
It looks as though Afterpay have increased their valuation of the stake by $64.8 million.
Some figures relating to UK (Clearpay) performance:
Underlying sales of $0.8 billion, up 288%
Total number of active merchants up 190% since June 2020
Active customers increased by 161%
Number of orders up 234%
All in all, I think this is very positive for ThinkSmart.