Member Info for draft

take your profits

booooommmm

brent $40.68

and 50p becomes a decent target in my opinion

From simon Thompson Investors chroncile ?? Here it is until it gets taken down: Exploit ThinkSmart’s valuation anomaly Shares in Afterpay Touch (APT:ASX), a A$14bn (£7.7bn) market capitalisation Australian Stock Exchange-listed technology group have now doubled in value since I published my April 2020 Alpha Report on Aim-traded finance company ThinkSmart (TSL:19.5p). That’s important because Afterpay is part owner with ThinkSmart of ‘ClearPay?7;, a UK payment platform that enables consumers to split the cost of their retail purchases into more manageable interest-free payments. The Australian group has already successfully developed and rolled out an interest-free point-of-sale retail consumer brand ‘Pay Later’ in Australia, New Zealand and latterly, North America. Indeed, a bullish trading update from Afterpay on its US operations has been the latest catalyst for the recent surge in the stock price. It’s not the only one as Afterpay was included in the MSCI Australia index at the end of May, so tracker funds have been investing. Another reason for the re-rating is that technology giant Tencent (700:HK) has built up a 5 per cent stake in Afterpay. Tencent is a HK$4.1 trillion (£435bn) market capitalisation company listed on the Hong Kong Stock Exchange and one that processes 1bn payment transactions every day. The point is that the re-rating of Afterpay has very positive implications on the conservative valuation of ThinkSmart’s 10 per cent stake in Clearpay. That’s because Afterpay has a call option (exercisable from 23 August 2023) to buy ThinkSmart’s 10 per cent holding. ThinkSmart has a put option (exercisable from 23 February 2024) to sell its stake to Afterpay, too. The price is calculated on agreed valuation principles that were used in determining the carrying value of the stake in ThinkSmart’s accounts. One of the principles is the market capitalisation of Afterpay, and that is now 100 per cent higher than when I suggested buying shares in ThinkSmart seven weeks ago. However, the Aim-traded company’s share price has risen ‘only’ 35 per cent in the same period to give it a market capitalisation of £20.7m, of which £7.6m (7.1p) is backed by net cash. Strip out £5m (4.7p) of other net assets embedded in ThinkSmart’s last reported net asset value of £29m (27.3p), and the Clearpay stake is in the price for £8.1m, or half its £16.4m (15.5p) carrying value. Moreover, that valuation was based on the Afterpay stock price of A$29.75 at 31 December 2019, rather than the A$51.16 current price. In other words, when ThinkSmart’s stake in Clearpay is revalued at the June 2020 year-end, it should be worth than the company’s own market value of £20.7m, thus leaving £12.6m (11.8p a share) of cash and other assets in the price for free. Furthermore, it’s not inconceivable that the Australian group may attempt to buy out ThinkSmart’s residual holding in Clearpay well before the call option becomes exercisa

arent moving this up on those big buys

A small digital payments group is suing the owner of Carphone Warehouse for £20 million.

Thinksmart is claiming for loss of earnings, alleging that the high street retailer has not kept to its side of a partnership agreement signed in 2016.

The claim is significant for the Aim-listed company, given that the value is more than its market capitalisation. It also raises doubts over the future of its 16-year relationship with Carphone.

Carphone Warehouse has more than 1,100 shops. However, it has endured a rough ride of late as people hold on to their handsets for longer and Dixons Carphone, the FTSE 250 company that is its parent, has warned that the mobile division will be “significantly lossmaking” this year.

Thinksmart offers a range of payment services, one of which is a flexible leasing plan that allows customers to lease gadgets such as smartphones for a certain period. At the end of the term, the gadget can be traded in for a new model, or the customer can pay extra to own it outright.

As part of the tie-up between the pair, Carphone Warehouse was supposed to promote and market this service to shoppers, but Thinksmart has argued that the retailer has failed to comply with its obligations. As a result, the number of flexible leasing contracts sold has been “disappointing” and “significantly below” what was expected.

Dixons has batted away the claims, stating that the allegations are “unfounded and without merit . . . We intend to vigorously defend our position”

Thinksmart shares fell 4½p, or 22 per cent, to 16p yesterday, valuing the company at £16 million, Dixons Carphone slipped 1¼p, or 0.8 per cent, to 123½p.

Retail

50 grand - wonder whats going on

deepmatter
@deepmattergroup
·
15m
If security is paramount with your synthesis design, ICSYNTH can easily be installed entirely behind your organisation’s firewall making your chemistry faster, smarter and more secure, read more here: https://bit.ly/2N4ozuP
#RealTimeChem

full allocation

Good luck all

placing price for long - no chance, primary bid placings been doing very wel recently

looks like rothschild and rich investors wanted in

you are deluded. the placing is already all done. enjoy fantasy land, your obviously not even in this share and going to buy around 110p

it sounds like the DLAR placing is with institutions and not retail like primarybid so probably the DLAR placing could be tightly held for a while.

trying to pretend he cant see the 110p bumming

clockwatching this

what a disaster

stop moaning about the rns not being there

why you lot didnt warn this company was fooked yesterday i have no idea

Sale of land in Barnett Wood Lane, Ashtead Surrey

Further to the Company's announcement on 20 January 2020, Trafalgar is pleased to announce that Ashtead has now been sold for £687,500 and that funds received will be used for general working capital requirements and for other schemes that are either in the planning system or indeed being worked on.

diluted to oblivion - oh dear