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Ned Montarello can **** off if he thinks he's got my support
The deal is shockingly bad. The board should have accepted nothing less that 165p from afterpay. Vote against the deal on the 14th January
Hi, can you share the link to the circular?
Agree, bought more yesterday, my average now below the deal price.
The circular on the website explains the deal clearer than that rns. Obviously it’s still an awful deal which we don’t have to accept. I think they should explain what happens to company once this deal does take place either now or later. It makes a difference to how to vote.
excuse spell errors ,
Hi Dartron, as state the bod have skin in the game, and as stated yesterday, their share the same issues as us pi's re the Block/square/afterpay deal, they are very much alligned.....clealry the deal is not asgood at this immediate juncture than what was signed off in the accounts and we all understood to be the case, however, imo based on the figures and values detailed the deal is not as we hoped at this minute but importantly it is nowhere near as bad as the current sp suggest....clealry an mcap of around 85 million quid reflects current values rather than the current sp at 58p and 62 million quid...to me based on todays figures that is a value gap, TSL oversold and undervalued on the figures and values published....so an sp closer to 80p seems fairer value, ..if Block grows as consensus suggests clealry further value awaits...the deal will no doubt pass as the bod hold 40% and no doubt further details of why now and the reasoning will become clearer soon
@Surprised, funny how all 3 new posters have no history here (or posting on any other share).
The board own 40% of TSL shares, so I cant see how they would agree to something that was fundamentally bad for shareholders. This could still get wound up IMO.
The circular on tsl website explains it slightly more clearer. So tsl get block shares to sell when they like. But it’s how many we get is the issue. It’s not enough in value for clearpay. They are selling it cheap.
I would ask why do this now in the middle of a deal not completed . If block has so much potential then tsl should wait and get a better deal for us. If we say no got nothing to lose.
100% agree
To add to my previous. As block has bought afterpay they told us block would take the option to buy the 10%clearpay
I don’t think we will get block shares. Tsl get the shares to sell when they want. I don’t think we get the shares but I really don’t know what is going on here. Thinksmart should lay this out clearly what happens to our shares.
I don’t know why we are talking about the proposed value of block. I didn’t invest here to have anything to do with having any shares in block. At no time in any docs did they say they would be accepting shares in square/block I would never have invested. The point of holding was the value of clearpay being sold and the money distributed to shareholders just like aviva is doing when they sell assests. It is obvious this board is having a laugh at our expense because with one rns they have reduced share price from 90p to 57p which shows how incompetent they are.
and Block up 8 percent today to $170 from $158.....every little helps
and with respect to square, I simply posted the details of 32 analysts offering 12-month price forecasts for Block that have a median target of $300.00, The median estimate represents a n +89% increase from the last price of $158.22.
hopefully the post(s) offer balance and information for people to make their own informed decison
https://money.cnn.com/quote/forecast/forecast.html?symb=SQ
Hi redye, if you read my posts I clearly stated the deal as it stands is not as expected etc...if you take time to look at the whole picture and the current knowns each can make theirown decisions based on what we think...the mkt is made by different views and understandings..if someone thinks they should sell at less than a cleary defined intrinsic value say 57p as opposed to closer to 80p that is exacty what makes a mkt....if someone sells because they are dissapointed, angry, shocked at an sp drop or all thse aspects combine to make someone inclined to push the sell button that is also part of the way markets work....some will also see the turmoil at such times and have a different view, maybe seeing opportunity, or an over reaction etc.....all part of what makes a mkt......and importantly a bb is for an exchange of views, ....where large sums of money are involved in such deals there is money to be nade for the major parties on both the 'journey' down and backup again .....we all have different takes and understandings, I hold all my shares here and have no intention of offloading any down at these levels based on the current figures and the forward look on the square/block potential sp rises ahead...will the shorts reduce on those over coming weeks ? will Kinderhook have reduced or added to their holding in past few days ? will the sp start to rebound in the next couple of days ? .....interesting next few days :-)
I’m sure ‘Surprised ‘ will respond and tell you how great a deal this is lol.
SQ. is a fantastic business etc haha.
Agm statement 10th November 2021 valued clearpay as £125million now they are looking to accept £78 million. Why are they accepting such a ridiculously low value. In their agm statement nov 2021 they said they believe there is future upside potential for shareholders. This needs explaining. They say they are winding down. I can’t make out how long this company is going to keep trading after this sale. Does anyone know?
Is this correct please? Im not actually sure.
So we have a 10% holding in Clearpay. We are selling 6.5% for 1.65M Shares in AP.
The 10% stake in Clearpay was actually a 6.5% stake, with a further 3.5% attributable to options at time of sale.
The BOD have agreed to take options in AP, instead of exercising the options and diluting down the sale of Clearpay.
So the full stake in Clearpay is now only 6.5%, not 10%, but had it been 10%, we would have only got 6.5% - Kai?
It kind of reads that this RNS was supposed to make things better / allay and concerns. I understand the sentiment about the over all value of the deal, and lack of clarity going forward, but did anything actually change today? Im not sure.
gg; re ST, Algy Hall of the IC tells me on Twitter he’s on holiday. But strange things are happening at the IC- established writers are just disappearing. And yes it’s a long holiday. As for being unable to find stuff on the new website there’s nothing new about that-it’s useless.
As for ST himself , it’s not right to hold him accountable for the bewildering decisions of the board, who are STILL struggling to explain to shareholders where we with this after two rns , AND having signed off a very misleading balance sheet. No wonder the share price is all over the shop.
Hi Bp, it has, and clearly the deal is not what was expected. The balance sheer was signed off with the additional value and all commentary supported that valuatuon etc. I have no idea why the bod have gone early on the deal or why at this level, someone may correct e but they have a large stake in TSL from memory so shares in Block at current value is their 'issue' too as well as ours....I'm sure as we go throught the next few weeks and more detail and reason is in the public domain we will find out....as stated earlier clearly this deal on current knowns and prices is not as good as expected, however, it is importantly nowhere near as bad as the current sp suggets......Block shares, are ' co-incidentally' at their lows and as stated earier 32 analysts, no small number , have median expectation of an 89 percent uplift in the share value, so maybe that also supports the fact that the deal is nowhere near as bad as the current sp level...and typically we buy on the basis oif not current or past prices but of the potential uplift....there is clearly a value gap on current sp to current fair value detailed earlier on known knowns, add in some potential and it does appear TSL is oversold and under valued at current sp..
Surprised….the share price has nearly halved in a month. Who was not reassured by the 7th December rns? Here we at 58p…
I would say this is over sold now. From the RNS the shareholders will get all the sale proceeds (i.e the 6.5% stake). On pure maths this is worth more than 58p a share.
I'll have a little dabble and see if anything can be recalimed from this egregious deal.
I have emailed the company.
IMHO ordinary shareholders should all email the company by whatever contact details are in the public domain requesting a more specific and detailed explanation of exactly what we get in return for this deal. Move the debate and speculation from this boards towards the executives. I’m my eyes I can’t see how what has been described in the RND is in anyway a good deal for shareholders. The only glimmer of light is a massive take off of Block …. But as some of already said here we need that to go 2x plus (really 3x plus) to make that meaningful in anyway
With respect barnetpetr , most analysts cut their targets, however, the median out of 32 of them still suggests that 89 percent uplift, half of that would make TSl holders a lot happier ....