Member Info for surprised

https://twitter.com/surprised_trade/status/1470702774669258753

added to holding at 112p ;-)

CAP-XX Ltd New customer wins CAP-XX, the leading designer and manufacturer of supercapacitors and energy management systems, has announced that its ultra-thin DMF 470 supercapcitors have been selected by Xtel Wireless and FiiO. Xtel Wireless is a Danish developer of IoT Smart Batteries which feature an intelligent energy meter and battery monitor as well as radio technologies Bluetooth Low Energy and NB-IoT. The smart technology enables battery life optimisation as well as maintenance savings in commercial applications.

These two customer wins demonstrate the continued momentum for CAP-XX in winning customers using the former Murata products.

wireless battery technology provides significant value in many commercial and industrial applications and the opportunity for this product is highly significant and volumes are likely to grow substantially in the coming years. FiiO is a much larger and more established company who has been selling portable music devices globally for many years. Whilst portable music players are more of a niche market these days, as most consumers use their phones for music, we believe the opportunity for the high end M17 device is likely in the tens of thousands of units.
We iterate our Buy recommendation and 15p price target.

yup, all on track and with Spanish approval expected January it will be interesting to see Square opening bid for TSL stake...and with TSL under no pressure to accept an offer at this stage it appears TSL are in a great position....waiting a few months could see further increases in sp etc so it would not be unrealistic to expect a premium if early settlement :-)

Hydrogen Will Likely Be The Gateway To Net-Zero
8.12.21

governments around the globe see hydrogen as a catalyst to net-zero and are targeting monies to research and development......

https://www.forbes.com/sites/kensilverstein/2021/12/08/why-hydrogen-will-likely-be-the-gateway-to-net-zero/?sh=7dcf4b632f9d

nice to see the TSL board issue a no reason drop rns, and quickly too....with a potential 50% plus upside on known knowns, for once, the market is currently offering an opportunity for investors with risk to the upside.....

https://twitter.com/surprised_trade/status/1468154603409756163

https://twitter.com/CapitalPmh/status/1468202539451625479

Unprecedented #NHS demand coupled with delivering super high quality services (eg '111') is a winning combination for UK healthcare provider @TotallyPlc
.

Here CEO @WendyLawTotally
kindly offers her thoughts on the #omicron variant, alongside...

https://www.v o x mar kets.co.uk/articles/q-a-with-totally-ceo-wendy-lawrence-b48076c/

ThinkSmart Limited (AIM: TSL), a specialist digital payments platform business, notes the volatility in its share price today and confirms that it knows of no reason for the movement.



ThinkSmart also notes the announcement made today by Afterpay Limited (ASX: APT) that the Afterpay shareholder meeting to approve the acquisition by Square, Inc. (NYSE: SQ) will now take place on 14 December 2021 and the Bank of Spain approval for the takeover will now be a condition subsequent to the takeover becoming effective and binding on Afterpay shareholders if approved by shareholders on 14 December and by the Supreme Court of New South Wales ("Court") on 17 December 2021. The acceptance by the Supreme Court of New South Wales of the Bank of Spain approval becoming a condition subsequent is seen as a positive step.

how valuable is that going to be to Square ?.....
''Even before Square Financial Services went into operation in March, Square had been giving merchants small loans, using its detailed knowledge of transaction volumes to help approve applications quickly. These loans, though, were disbursed through a partnership with another, existing bank; in a 10-K filing, Square revealed it collected on these loans by automatically deducting a fixed percentage of every card payment a merchant accepted. In this way, Square had disbursed nearly $9 billion in loans before its small-business loan and banking functions came on line.

To that ability to give merchants loans, Square now adds Afterpay’s service of giving customers credit—a step closer to becoming a full-fledged retail bank in all but name.''

https://qz.com/2041201/square-bought-afterpay-because-it-really-wants-to-be-a-bank/

all the recent news re bnpl is regarding their popularity and takeovers etc..in addition bnpl firmsare moving into banking areas and see future growth in those areas too....xmas period should eually see a decent rise in use/profits for clearpay and although it's in squares interest to go for a deal quickly TSL have the option to hold on for the best deal or square to offer a premium for their stake if they don't want to wait, either way from my understanding TSL have positioned themselves nicely and are under no pressure to sell for less, they have a valuable stake that will only grow over time ...

The takeover is expected to conclude on 18 January 2021 at which point Afterpay has the right (on change of control) to exercise its call option early to purchase ThinkSmart’s 10 per stake in Clearpay,. The valuation methodology is based on key financial metrics as well as the market capitalisation of Afterpay.

Frankly, it would be irrational for Afterpay not to exercise the call option early as the cost of buying out ThinkSmart can only rise in future given that Clearpay’s growth is likely to accelerate as part of the Square and Afterpay combined business. Importantly, any buy-out of ThinkSmart’s stake will now have to be made in cash.

the 10 per cent stake in Clearpay is held on the Aim minnow’s balance sheet at £125m (117p a share) after applying a 17.5 per cent liquidity discount and a 35 per cent further discount to take account of shares subject to an employee share option plan. Thinksmart’s valuation is more than justified given that in the 2020/21 financial year Clearpay accounted for 35 per cent of Afterpay’s cash profit

ThinkSmart’s fully diluted stake in Clearpay is still worth £151m (142p share) after adding back the 17.5 per cent liquidity discount applied in the June valuation.

ThinkSmart’s legacy finance leasing business continues to generate cash, so much so that the board is returning A$5.6m (about 2.85p a share) of its A$13m (6.5p a share) cash pile to shareholders next month. The company has £2.5m (2.4p a share) of receivables on its balance sheet,

ThinkSmart’s sum-of-the-parts valuation is 151p a share with the valuation risk weighted to the upside. More importantly, Afterpay’s imminent change of control could lead to a major liquidity event to turn ThinkSmart’s valuable holding in Clearpay into cash.

Hi Soozed, that FT article was a year ago and the FT that is also the Investors Chronicle has a somewhat positive view today ;-)

https://www.verdict.co.uk/squares-afterpay-buy-okd-bnpl-players-rapidly-becoming-like-paypal/
Square’s acquisition of Afterpay also marks a trend where big financial players are muscling into the BNPL sector and existing BNPL providers are responding by expanding their own offering outside instalment services.

Cathie Wood Buys More Square Shares....

https://www.benzinga.com/markets/cryptocurrency/21/12/24423507/cathie-wood-trims-another-49-4m-from-coinbase-stake-and-buys-more-square-shares-amid-crypt

nope, no news in public domain, in fact all news is positive and square sp which isa e key factor remains unchanged....they are awaiting the eu/spain approval that should be through in January 2022 and currently all is on track as far as I can see....we have been here before with a dramatic drop, stops collected and price rallies back up again....if all goes as forecast and TSL stake is valued around the 140p to 160p area, there is a substantial profit to be made from current levels....markets. mm's , iii's like to test the resolve at times....divi pymnts due tomorrow and TSL is in an ideal situation on current forecasts to strike a very decent deal for shareholders on present valuations and as stated before any delays are to TSL holders advantage as bnpl pymnts grow, particularly over xas period etc.....

www. r e s e a r c h - t r e e . c o m ...........................

join the letters, lse prevents some 'competitor' sites address,

https://twitter.com/surprised_trade/status/1466333317071052807

broker note 15.11.21
..... following the strong 1H, Totally is confident of meeting FY22E market expectations and has increased the interim dividend to 0.5p (+100%) accordingly. However, if winter patient volumes are supported by increased NHS funding we believe our estimates could see risk to the upside. Maintain BUY and 60p target price.

H1 2021 turnover rose 13.8% y/y to £61.6m with EBITDA up 42%% y/y to £3.3m (5.4% margin). The interim dividend has been increased to 0.5p/share (+100% y/y) reflecting a trading performance ahead of expectations

Totally has an advanced pipeline of bolt-on opportunities as it seeks to accelerate its buy and build strategy. With £18.3m cash at 30 September 2021, it is targeting businesses that can enhance its service proposition and offer earnings accretion

https://twitter.com/surprised_trade/status/1466314401233973256

Final Year Results (FY2021) show the pace of growth Jubilee today announce the full year results for FY 2021 ending in June 21.
It was a year of continued progress with revenues up 143% to £133m (from FY 2020), adjusted PBT up 324% to £52m and eps up 93% to 1.8p/sh – an extraordinary year – but still only the beginning of the progression in our view.

.....we see continued growth in PGM earnings as Jubilee captures more of the value by treating a larger proportion of tailings at its own expanded Inyoni facility. This financial year we will begin to see the growth from copper production in Zambia.

We expect more surprises.
Jubilee has moved swiftly over the past two years and created value-additive deals. As it delivers on its copper growth strategy in Zambia we expect further growth potential, in our view, in PGM-Chrome in SA and an expansion of scope in Central African copper-cobalt in Zambia and possibly in DRC.

Jubilee investment case.
Jubilee is a high margin business with a growing production profile in a high-price environment with further growth projects and an experienced management team which distinguishes, in our opinion, Jubilee from many companies in the sector

https://*********************/companies/uk/precious-metals/jubilee-metals-group-plc/research/whireland/jubilee-metals-jlp-final-year-results-fy2021-show-the-pace-of-growth/41_2021120203002080282

any delay would appear to be in TSL's favour :-)

https://twitter.com/surprised_trade/status/1465319967503626251

Cannacord Broker note 15.11.21
'..if winter patient volumes are supported by increased NHS funding we believe our estimates could see risk to the upside. Maintain BUY and 60p target price'

https://twitter.com/surprised_trade/status/1465252581039562755

.net cash at 30.6.21 was £6.85m , Adjusted EBITDAup 21% to £5.34m (FY20: £4.41m) 26% growth in cloud business revenue & significant increase in profitability, healthy pipeline of new business & increase in annual contract value.

https://twitter.com/surprised_trade/status/1465244314330710018

new hold....general market drop provides opportunity .....