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So rare to be invested and not have to watch or worry . I've spent too much time watching this before buying. Just sit back and let it happen.
If this carries on we may even get to£1 this week. Happy days
My calc is £1.61 as SQ is now +15% above Friday close price
https://finance.arvato.com/en/news/press-releases/2021/afterpay-partners-with-asos/
Afterpay is part of Arvato and they are owned by Bertelsmann
https://twitter.com/surprised_trade/status/1423192319294124032
pulled back after the steep rise - Universally liked deal leaves substantial upside with analysts all stating fair value closer to 140p/150p+
https://www.investorschronicle.co.uk/ideas/2021/08/02/thinksmart-strong-buy-opportunity-squaring-the-circle/
IC target 140p+
https://www.growthcompany.co.uk/post/think-smart-it-s-hip-to-be-square
GC target 166p
Thanks for the link - up to 103 and back to 93 - not sure why the big discount, although some profit banking to be expected,
but then it's always seemed to have had this discount to the value - hence ST's and our interest.
I bought a few more and will sit and wait (im)patiently...
But eventually in . Had to fill or kill it. Kicking myself as been watching for ages.
Already given it hasn’t he? SP went from 88 to 103 on the back of it.
I think Simon T from IC will soon give an opinion on this as one of his followed shares which should be a good insight - hopefully as positive a one as we think !!
https://www.thinksmartworld.com/investors/clearpay-valuation/
https://twitter.com/surprised_trade/status/1422515572852539397
.new base forming around 100p, profit takers from previous lows taking some out, new buyers/exisitng holders adding to postions for next leg up. No hurry, the value is there & clearly defined
If not for a condition within the Aftersale takeover, Square will not allow TSL to ride on the coattails of this transaction.
Watch this space.
Net assets at period end of GBP116.6 million are equivalent to 109.44 pence per share. With the put/call option to be triggered on completion of the acquisition of Afterpay, with the remaining 10% equity position subject to independent revaluation which will see an uplift considering the recently reported strong figures from Afterpay and some 13% of the consumer base generated from the UK market, not to mention the benchmark takeover premium.
It is not outside the realms of possibility that Afterpay will be told to negotiate and complete the takeover of TLS prior to full takeover as the synergies and extended product mix will only serve to increase growth of the 10% equity position, thus making the transaction more expensive over time. Takeover’s can be subject to a set of Pre agreed conditions.
This IMO is as low risk, high return investment as you will get over the next 6 months, with a very real possibility of a bid at any point.
The 10% of Clearpay owned by Thinksmart is valued at £106 million in Dec 2020, according to Afterpay they can buy
the 10% at the predetermined valuation from Thinksmart. Does that mean £106 million, although the takeover of
Afterpay by Square inc is presumably at a much increased valuation for their 90% stake in Clearpay.
Therefore if Afterpay buys the 10% of Clearpay from Thinksmart this should be at a much higher price than the
agreed valuation in Dec 2020.
Updated targets prices following news on 2/8/21
Target price 132.423p
long term 322.156p
R1 109.093p
R2 120.987p
R3 144.773p
According to SimplyWall Street. Thinksmarts revenues in last 12 months went up by 415.8%
And P/E. is a low 1.1x compared to others in the sector of 23.5x updated 2/8/21
https://twitter.com/surprised_trade/status/1422458300147380242
universally liked deal leaves substantial upside with analysts all stating fair value closer to 140p/150p+...
Incredible strength this morning as the asset remains 40/60% below takeover value IMO!
Sq closed +10.2% and Apt now +12.5% on volume already >4m. So looking good
https://www.growthcompany.co.uk/post/think-smart-it-s-hip-to-be-square
'Think Smart (AIM: TSL) shares have jumped 59% today in response to news that Australian Afterpay has received an all-paper bid from US-listed Square, a US$100bn market cap payments company. Square has been marked up 10% today, meaning the deal (1 Afterpay = 0.375 shares in Square) values Afterpay at A$137 per share compared with a A$114 close.
Marking the Afterpay price to the full value of the bid means the 10% valuation basis implies £136m or 127p per Think Smart share. If we are generous and raise this to 13%, in line with Clearpay’s share of Afterpay’s customer base, we get 166p.
So assuming this approach to Clearpay valuation is broadly correct, there is still value on the table with Think Smart closing today (2/8/21) at 97p.
Conclusion: a few things to think about but this is clearly excellent news. With a potential Clearpay stake valuation now in the 127p and above region there is enough of a value gap to remain holding TSL'
TSl also has 9p of other assets and cash to build onto the sp ...
Square showing a healthy gain this evening in the US
https://www.nasdaq.com/market-activity/stocks/sq/real-time
The intraday RNS would of caught many off guard. We also have a very positive reaction to the transaction.
Even in the event that the sum of parts are not realized in the form of a takeover bid. An ability to benefit from the combined entity will ensure a significantly higher valuation.
Significant upside remains.
Closed at day high. 100p tomorrow perhaps? Plenty of buyers will want in