Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Just came across this article on Block/Square going into Bitcoin Mining with Elon Musk. On Bloomberg so should be accurate info. Apologies if this information Is already out there.
https://www.bloomberg.com/news/articles/2022-04-08/tesla-to-partner-with-block-to-mine-bitcoin-at-texas-solar-plant
GLA
Thanks Agricore for clarifying the options.
Misterh, 1/ a buy back would be to rebuy in the market, 2/ a tender offer is to offer to buy back from shareholders at or below NAV (typically above market price), or 3/ a capital reduction can just be done on the balance sheet to eliminate accumulated lossses (so is a debit/credit on the balance sheet)..... TSL has no accumulated losses (£126m accumulated gains as at 30/6/21) so I think it will be method 1 or 2. And since £2.5m is a relatively small sum I think it will be more efficient to do market buy backs.
GLA
ThinkSmart Limited (AIM: TSL), a specialist digital payments platform business, announces the intention to return approximately £2.5 million to shareholders.
Subject to shareholder approval at a General Meeting to be held prior to 30 June 2022, the Company intends to return an amount to shareholders in July 2022 of the Australian Dollar equivalent of approximately £2.5 million, consisting of a return of share capital of approximately £2.125 million in Australian Dollar equivalent by way of a capital reduction and an unfranked dividend of approximately £0.375 million in Australian Dollar equivalent.
ThinkSmart continues to hold a position of 618,750 shares in Block, Inc (NYSE: SQ) ("Block") which based on a closing price of US$138.12 on 28 March 2022 and 1.31 USD: 1 GBP is currently valued at £65.2m equivalent to 61 pence per TSL share
Am I right in assuming that the reduction in share capital will mean a share buyback or is there any other way of achieving this?
Pre-open price of Block values TSL holding at £66.5M. Discount too large to ignore. Decided to average down today.
https://twitter.com/surprised_trade/status/1506378403821277189
Block gets a 'conservative 'upgrade tonight to $190 ..(Block at $100.62 values TSL @ 50p ) ..Block sp = $141 today.... value gap and growing.
https://seekingalpha.com/news/3816031-block-price-target-raised-to-190-at-mizuho-on-teens-use-of-cash-app
Block (NYSE:SQ) stock is rising ~6% in early Tuesday trading after Mizuho Americas analyst Dan Dolev boosted his price target on the fintech to $190 from $180 due to Cash App gaining traction with teenagers.
Mizuho's survey of more than 200 parents with teenagers "found that Cash App is rapidly emerging as a leading financial app for teenagers, potentially driving several million incremental MAUs (monthly active users) and upside to 2022 Cash App GP (gross profit)," Dolev said.
Interviewed on CNBC Dolev said the initial upgrade to $190 was conservative and he fully expects Block to much bigger and $190 is likely to be just the start .
The average Wall Street rating on Block (SQ) is Buy with an average price target of $181.90.
Previously (Feb. 28), Block (SQ) upgraded to Outperform at BMO on rosy outlook for Cash App, Afterpay
Canaccord...
We note that our Canaccord colleagues, who formerly research Block in the US, have a target price of $210.00 (last note 24th Feb'22) If this were to be achieved it would imply a value for TSL of 98p,
Strong 9.9% move up at Block. Nice breakout on good volume.
Now 140.6 and looks to be headed higher.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=SQ&insttype=Stock
127.74+11.69 (+10.07%)
As of 03:53PM EDT. Market open.
boom
block now 126 usd....
block up to 12 percent to 116
ST's valuation failed to materialise. At least it gave me an opportunity to enter a position yesterday at 27p. But I wouldn't trust his advice given his performance on this stock.
with respect Hedge 30p to 115p+ was not bad and the Tech sector has been hit hard in past few months across the globe....situations change and it is clear based on the figures below that there is clear upside on just todays valuation let alone when Tech stocks start to gather momentum again, as they surely will :-)
ST has a terrible record when it comes to valuing TSL. If it surpassed his target he'd be valuing it at 150p again.
https://www.investorschronicle.co.uk/ideas/2022/03/09/targeting-a-glaring-valuation-disconnect/
Targeting a glaring valuation disconnect
The massive share price discount to book value of an Aim-traded finance company that holds a valuable stake in a New York-listed fintech fund is well worth exploiting....
ThinkSmart’s sum-of-the-parts valuation almost double its current share price.
......Analysts have an average target price of $182 on Block’s stock, albeit that’s well shy of the $270 level the stock was trading at last autumn. However, if the price recovers to that level it would value ThinkSmart’s stake at £86m (80.75p a share). Furthermore, with the UK company winding down its legacy leasing business, then shareholders can realistically expect some of the value in the Block holding to be returned to them as soon as the US group’s stock price more accurately reflects the intrinsic value of its fast-growing businesses.
The disconnect between ThinkSmart’s share price (27p) and its sum-of-the-parts valuation (50p) is not only anomalous, but you could more than treble your money if Block’s stock price rises by 82 per cent to that $182 target. Buy.
Net assets at period end of £79.8m (31st Dec'21), equating to 75p (FY21: £134.5m, 126p). •In summary, revenue and underlying PBT is stronger than we had forecast, albeit the reported result has been negatively impacted by the de-rating of the tech sector. We shall review our forecasts in light of the stronger than expected interim results but note the investment case for TSL is almost entirely dependent on the performance of Block share
Valuation & recommendation
Our valuation methodology for TSL remains unchanged. We ascribe a value of 1x to the last reported tangible NAV (excluding Block shares) of £5.8m, and then add the markto-market value for Block shares (SQ_US $100.62 x 618,750 shares) of £47.4m. This results in a total mark-to-market value of £53.2m and a new TP of 50p (Old: 139p), offering 85% upside.
We note that our Canaccord colleagues, who formerly research Block in the US, have a target price of $210.00 (last note 24th Feb'22). If this were to be achieved it would imply a value for TSL of 98p, 264% upside.
https://twitter.com/surprised_trade/status/1501500703164051456
2mr....Hope to bail in first thing if good...GL All OF
Shame. Block has taken a kicking....
up another 7 per cent on upgrades and hit 131 highs tonight. Looks like 50 pence is possible for TSl ....which is ok for those that bought at the recent lows
Block inc shares still down 50% from a year ago, and this is now just a play on Block share price with a big discount that it always seems to have had.
Don't like the way the management has handled this - very poor and not properly explaining or enquiring of shareholders views. Looks like they are simply retaining a job to earn money twiddling fingers and just holding shares in another company hoping the share price will go up.
Bit like me now, as the share price had already dropped disastrously before I could sell out !!
Just back in Dec,
DYOR
.
ThinkSmart Limited (AIM: TSL), a specialist digital payments platform business, is pleased to note the fourth quarter earnings report issued by Block, Inc (NYSE: SQ) ("Block") which outlines significant ongoing growth and progress is being delivered.
ThinkSmart holds a position of 618,750 shares in Block, which based on a closing price of US$94.99 on 24 February 2022 is valued at US$58.8m. This shareholding follows the implementation of the Scheme of Arrangement for Block to acquire Afterpay Ltd, which ThinkSmart held a former interest in, on 1 February 2022.
The focus of ThinkSmart's strategy - which it will reiterate and expand upon when it publishes its Half Year Results for the six months ended 31 December 2021 on 9 March 2022 - is to deliver value to its shareholders via its holding in Block, and from the Group's operating business of the managed wind-down of the leasing business and the provision of the outsourced call centre customer service and support service to Clearpay. Therefore, ThinkSmart places emphasis on the public market disclosures, financial results, share price, and general overall operational performance of Block.
Block Fourth Quarter Highlights:
· Generated gross profit of $1.18 billion, up 47% year over year. Cash App generated gross profit of $518 million, up 37% year over year. Our Square ecosystem generated gross profit of $657 million, up 54% year over year.
· Cash Card has reached significant scale: there were more than 13 million Cash Card monthly actives in December, which represented more than 30% of Block's 44 million monthly transacting active base.
· Sellers have adopted more of Square's ecosystem over time, which has helped them grow: in 2021, 38% of Square's gross profit came from sellers using four or more products, compared to 10% in 2016.
Block Full Year 2021 Highlights:
· For the full year of 2021, gross profit was $4.42 billion, up 62% year over year, or 53% on a two-year CAGR basis.
· Cash App generated $2.07 billion in gross profit, up 69% year over year and 113% on a two-year CAGR basis.
· The Square ecosystem generated $2.32 billion in gross profit, up 54% year over year and 29% on a two-year CAGR basis.
Ned Montarello, Executive Chairman of ThinkSmart, said:
"Block is exerting itself as a global leader in payments that is performing extremely well in a challenging macro-economic environment. This set of above expectations results gives us significant confidence in the future growth prospects of Block and, subsequently, in our ability to generate and deliver value to our shareholders as a direct result of our shareholding with it."
Aus shares ended +32%
No contribution from APT in the quarter and year ended