Member Info for surprised

oki doki. placing was on the cards, however, so was a loan, they chose placing, cenkoshave the iii's etc to rasie the dosh, it's all for expansion and to service the over flowing order book and new business that is being lined up, so no negatives, it's far from a 'lights on raise', and importantly the placees start in the same place as near as dammit as everyone ekse down here 5.5p to 6p area, so no great advantage to them in reality......so we can expect some news flow, logic suggests, to get this raise out the way and the sp to be free running once again....the broker valuations will still hold good , maybe more so as we can now start to service more orders etc ......short term blip, only :-)

Understand it, but didn't expect it down here...at least it is expansion etc

Understand it, but didn't expect it down here...at least it is expansion etc

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

https://twitter.com/surprised_trade/status/1422481506052755456

RNS - Marlowe Proposal significantly undervalues Restore,- they've got to bid a lot, lot higher

you know me too well :-)

https://twitter.com/surprised_trade/status/1420303093464436742

Cenkos rate CPX fair value @ 15p+, Allenby state 16.5p+

https://twitter.com/surprised_trade/status/1422458300147380242

universally liked deal leaves substantial upside with analysts all stating fair value closer to 140p/150p+...

https://www.bloomberg.com/news/articles/2021-08-01/hydrogen-goes-nuclear-as-u-k-reactor-pivots-toward-renewables

Nuclear developers in Europe, North America and Russia are looking at hydrogen as an outlet for their low-carbon power to maximize revenue from one of the most expensive energy assets on the planet. They also want to capitalize on the $70 billion-plus pledged by governments to help develop the industry as a way to reach climate goals.

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 ...

https://twitter.com/surprised_trade/status/1422224471725912065

97p.....initial target was 100p, this deal raises the bar and IC stating 140p+ for fair value with potentially more upside

https://www.investorschronicle.co.uk/ideas/2021/08/02/thinksmart-strong-buy-opportunity-squaring-the-circle/

https://www.investorschronicle.co.uk/ideas/2021/08/02/thinksmart-strong-buy-opportunity-squaring-the-circle/

Thinksmart’s 10 per cent stake in Clearpay therefore has a read through valuation of £216m, and £140m (132p a share) on a fully diluted basis.

In other words, although Thinksmart’s share price has rallied 43 per cent to 87p this morning, it still represents a hefty 36 per cent discount to the read through valuation of the company’s 6.5 per cent fully diluted stake in Clearpay. ThinkSmart also held £10m (9p a share) of other net assets including net cash of £6.9m at the end of 2020.

The share price discount is anomalous given that there is a huge incentive for Afterpay to acquire ThinkSmart’s 10 per cent stake in Clearpay early next year in light of the change of control, so ThinkSmart’s share price is set to re-rate significantly in the interim to narrow the valuation anomaly.

Thinksmart’s 10 per cent stake in Clearpay therefore has a read through valuation of £216m, and £140m (132p a share) on a fully diluted basis.

In other words, although Thinksmart’s share price has rallied 43 per cent to 87p this morning, it still represents a hefty 36 per cent discount to the read through valuation of the company’s 6.5 per cent fully diluted stake in Clearpay. ThinkSmart also held £10m (9p a share) of other net assets including net cash of £6.9m at the end of 2020.

The share price discount is anomalous given that there is a huge incentive for Afterpay to acquire ThinkSmart’s 10 per cent stake in Clearpay early next year in light of the change of control, so ThinkSmart’s share price is set to re-rate significantly in the interim to narrow the valuation anomaly.

latest news .....
Afterpay co-founder Nick Molnar says merging with Jack Dorsey’s Square will provide the scale and reach to allow Afterpay to take on the giants of the global payments industry, after he and co-founder Anthony Eisen snared the biggest M&A deal in Australia’s history.

I think Square is the perfect partner for that. We are seeing incredible growth across our core business and [Square] provides a really strong foundation to accelerate our growth.”

Afterpay’s brand will continue inside Square’s payments ecosystem, which includes a consumer app used by 70 million Americans, and payments hardware and software used by more than 1 million US merchants.

This is a transformative opportunity for our combined companies,” said Amrita Ahuja, the chief financial officer of Square.

“Afterpay has distinguished itself as a category leader in buy now, pay later, delivering remarkable growth ... and we see a number of levers to drive continued growth for Afterpay.”
Dana Stalder, a general partner at Matrix Partners, which backed Afterpay’s launch in the US in January 2018, said a combined Afterpay and Square would become one of the most exciting fintech companies globally and the pair has the potential “to build one of the world’s most important payments networks”.

“I think the combination of Square and Afterpay is a win for the shareholders of both companies and a win for consumers and merchants,” he said.
Local analysts said Afterpay investors were scrambling to understand the Square business to determine whether they should hold Square stock if the deal goes through or maintain holdings to provide exposure to any future gains.
Square has 70 million consumer customers, compared with Afterpay’s 16 million. Afterpay will be embedded into the Square Cash App, allowing Square to better compete with the likes of PayPal, Affirm and Klarna by offering customers an integrated retailing experience.

https://www.afr.com/companies/financial-services/square-to-acquire-afterpay-in-39b-deal-20210802-p58eyi

The SOPT cacuation when Clearpay was £106m in 2020 was 100p for TSL, clearpay has now substantially increased value and still increasing, so it all points to well in excess of 100p+ on my calcs ....

https://twitter.com/surprised_trade/status/1422121811718942725

90p....Ned Montarello, Executive Chairman of ThinkSmart, said: We are now more excited than ever about its prospects and how this deal should provide further upside for ThinkSmart's

Clearpay value at £106.6m (100p a share) in the second half of 2020, buoyed by Clearpay’s eye-catching operational performance and ongoing re-rating of Clearpay’s majority owner, Afterpay.......clear pay value now increased a great deal further, so SOTP glance suggests TSL stake exceeds 100p+....looking forward to IC putting some figures together in the next few hours ....

Commenting on these announcements, Ned Montarello, Executive Chairman of ThinkSmart, said:

"The combination of Afterpay and Square is exciting with complementary service offerings and customer bases. For ThinkSmart's shareholders, we believe this translates to a very positive and material impact on Clearpay UK, which we retain a 10% shareholding in. That growth of Clearpay UK, which it is clear today is continuing unabated, has been phenomenal adding 2.1m customers in the first 2 years of trading. We are now more excited than ever about its prospects and how this deal should provide further upside for ThinkSmart's shareholders."

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02402192-3A571916?access_token=83ff96335c2d45a094df02a206a39ff4

excellent results, clear pay increasing customer base from 1.6m to 2.1m and revenue/profits soaring,...clearpay share of AP and value to TSL just increased massively....I would expect an IC news release soon with a 100p+ valuation on quick look, certainly closer to a quid plus than current price ;-)

CNBC stating they expect AP to open up over A$120+ today....TSL should follow it up ....