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TSL Thinksmart Limited

28.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Thinksmart Investors - TSL

Thinksmart Investors - TSL

Share Name Share Symbol Market Stock Type
Thinksmart Limited TSL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 28.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
28.50
more quote information »

Top Investor Posts

Top Posts
Posted at 03/8/2022 09:13 by paulbutcher1999
Couldnt private investors use the money they receive to buy Block shares directly if they think such a great investment?
Posted at 02/8/2022 12:05 by coyy
Simon Thompson writes in Investors Chronicle that Private Shareholders in TSL should oppose the Scheme of Arrangement which would see Mr Montarellos buy out vehicle acquire the Block Shares at a market low.

What did Mr Montarello say in February this year. I quote him "that all the analysts covering Block have a target price of $200 to $250. We are excited by the prospect of the Block holding as they emerge as one of the winners in this Payment gateway space"

6 months later he wants our shares at a Market Low.Does he think we are stupid?
Posted at 18/5/2022 16:46 by coyy
In my Diary I have a note that BLOCK are holding an Investor Day today.

Does anyone have any news on this event?
Posted at 08/4/2022 13:53 by g1g4lo
Want to Get Richer? 2 Top Growth Stocks to Buy Now and Hold Until You Retire

Trevor Jennewine, The Motley Fool
Fri, April 8, 2022, 1:21 PM

KEY POINTS

A long-term mindset is key to making money in the stock market.
Airbnb is disrupting the multitrillion-dollar travel and tourism industry.
Block is disrupting the merchant services and consumer finance industries.

Motley Fool Issues Rare “All In” Buy Alert

These disruptive businesses could help you build a nest egg for retirement.

People save money for many reasons, but planning for retirement is among the most common. We all want to be financially independent, and investing in the stock market is a great way to achieve that goal. Over the last 30 years, the S&P 500 has produced an 8.6% annualized return. At that pace, if you invest $150 weekly in an S&P 500 ETF, you would have over $1 million in three decades. And with a diversified portfolio of individual stocks, you could do even better.

With that in mind, Airbnb ( ABNB 0.76% ) and Block ( SQ -2.21% ) look like smart stocks to buy and hold until you retire. Here's why.

Block makes financial services more accessible for both businesses and consumers. Its Square ecosystem is a cohesive set of products, comprising all of the hardware, software, and services a merchant needs to run a business across digital and physical channels. That includes solutions for payment processing and financing, customer loyalty and marketing, and employee payroll. Similarly, Cash App allows consumers to send, spend, and invest money, and even prepare taxes from a single platform.

Better yet, businesses and consumers are spending more money over time as they adopt new products. For instance, 38% of Square's gross profit came from sellers using at least four products in 2021, up from 10% in 2016. Similarly, 31% of the 44 million monthly active Cash App users also use the Cash Card (a linked debit card), up from 22% of the 24 million monthly active users in 2019. That's important, because Cash Card users generate nearly five times more gross profit than non-users.

That momentum has translated into strong financial results. In 2021, gross profit rose 62% to $4.4 billion, and the company generated $714 million in free cash flow, up twentyfold from $35 million in 2020. More importantly, Block is well positioned for future growth.

Management valued its total addressable market (TAM) at $160 billion in 2020. But its product offering has expanded over the last two years, meaning its TAM is probably bigger today. Block now provides banking services (deposit accounts) to Square sellers, and it acquired buy now, pay later specialist Afterpay earlier this year. That move could supercharge both halves of its business by driving sales for Square merchants and facilitating deal discovery for Cash App consumers. Block is set to host its next Investor Day on May 18, and management will likely provide an updated TAM figure.

Regardless, with its broad product portfolio and digital-first business model, Block is disrupting the merchant services and consumer finance industries, putting it in front of a big market opportunity. That's why this growth stock looks like a smart long-term investment.
Posted at 04/4/2022 12:06 by g1g4lo
Why Block Stock Could Be Your Next Cash Cow
By Jose Najarro - Apr 4, 2022 at 11.15am


Many healthy uptrends are happening for the company.

Despite a sizable drop in their stock price over the past several months, Block's ( SQ -1.46% ) long-term outlook is more favorable. In this video clip from "The Virtual Opportunities Show" on Motley Fool Live, recorded on March 22, Fool contributor Jose Najarro discusses some positive signs that will drive significant growth.



Jose Najarro: I'm going to take a quick look at Square today in the fintech market. Let me just share my screen with you. Just start off with just a quick price. I always forget it's Block now no longer Square. Block is down about 49% from its all-time highs. One thing I do want to show first is fundamentally this is also a company that's a great place. We can see plenty of cash and short-term investments. They do have a nice amount of debt but they are positive in cash flow from operations.

They just recently acquired a company called Afterpay. Both fortunate and unfortunate, fortunate for the balance sheet to some extent it was an all-cash deal. Unfortunate to some investors where you see an increase of shares due to the acquisition. Why I believe Block has huge potential is first, I'm a huge believer of their Square gross profit, their seller ecosystem and this is probably my favorite thing about Square.

Obviously, there has been some major risks coming in with Square recently or Block is their gross profit. We can see quarter two, quarter three, quarter four not much growth they're starting to look pretty flat there. Right now we can see between their two main ecosystems, the Cash App. Cash App is the one that's really taking a slowdown and pulling back.

But we can see Square's gross profit, which is their seller ecosystem, continues to go at a nice steady uptrend and this is the one where I believe there's huge potential. Obviously, they both integrate and work well with each other they have a great synergy. But the Square gross profit, we can see from their most recent earnings, they're seeing their Square gross payment volume by seller size increase dramatically from all sellers, not just big sellers, but even those small sellers are still increasing dramatically.

The other thing is Square, is becoming this toolbox or it already is this toolbox, but it's becoming the toolbox that every other quarter they add more tools. Here they're showing that the sellers that are on Square are increasing the amount of products that are being used. I think one thing I mentioned earlier is it's a lot easier to throw away a tool than it is to throw away a whole toolbox and the more users and sellers that continue to grab more products, the harder is going to be for them to escape Square and we can see four-plus products continued to grow every year.

The other thing I mentioned is, right now, Square is still expanding globally. Earlier this year they finished their full launch in Spain and we can see the gross profit in markets outside of the United States only represents the most recent quarter 9% of their total gross profit. I do want to say for Square, I do believe this international expansion is going to be a huge driving force for their growth.

Like we saw previously, yes in the short-term, maybe the next few quarters this is no longer the growth story when you take a look at gross profit. But I do believe the Square gross profit is going to continue to see a nice, healthy uptrend. With a very strong balance sheet, this is one that's in my portfolio, one that I enjoy. From time to time, I don't mind dollar-cost averaging with this company.
Posted at 04/4/2022 07:23 by g1g4lo
2 Tech Growth Stocks to Buy Now and Hold Forever
By Prosper Junior Bakiny - Apr 3, 2022 at 8:30AM

The market may be volatile right now, but these companies remain excellent long-term bets.

While the market started off the year by punishing many growth stocks, things seem to now be moving in a more positive direction. Volatility is the price of admission in the stock market, though that doesn't make a selloff any easier to stomach in the moment.

Still, investors can take downturns as an opportunity to purchase shares of companies that are likely to perform well in the long run. Here are two top tech stocks that fit the bill: Meta Platforms ( FB 1.12% ) and Block ( SQ -1.46% ).
Posted at 10/3/2022 21:43 by mjneish
Maybe to some extent TSL cannot track the Block share price so faithfully because of the terrible volatility in the latter's share price lately. I think the price of Block shares may have to recover to higher levels and then hold on to its gains for investors to feel more confident about investing in TSL.
Posted at 07/1/2022 17:07 by carcosa
Probably my final words on this topic of auction trades (and Level 2):

Here are three screenshots during todays closing auction.



Here you can see the seller trying to offload 15,000 shares at 85p. This has been going on for some time so I guess he/she placed the order a long time ago and set a month or so time period.

Also note that someone wants to buy 8000 shares at 49p but as yet there is no seller at that price.


The buyer is still asking to buy 8000 shares at 49p. Since the pre-auction price was 48p quoted by market makers and being filled at 47.7p in actuality then he is likely to get his desired shares as he is asking 'too much'. The buyer may have placed the order earlier in the day when prices were higher not realising things had moved on. Four people see this and offer a total of 18376 shares at or below the buyers price.


The algorithm does its stuff and the buyer ends up with his desired 8000 shares at 49p. What we don't know is whether or not he got all the shares from one, two, three or all four from the sellers. But some sellers may have ended ended up getting a higher price for their shares than otherwise would have been the case during end of day trading. Thus we end up with an Uncrossed Trade of 8000 at 49p; all because of a sole investor probably having a cup of tea and not watching the action :-)

Depending on the software used this might be what is seen as the closing price; 49p, when in fact the 'real' closing mid price was 47.9p. So all things being equal it should open lower by 2.2% tomorrow morning (In reality unlikely because AfterPay and Block will influence the share price overnight).
Posted at 20/12/2021 16:22 by paleje
For anyone who hasn't seen the ST rationale for buying of 10th Nov, here it is below and his name hasn't been removed from the article as some are saying on the other board. There's lot of understandable anger here as it's a different proposition now but UBS have BLOCK as their favourite play in the sector for 2022, maybe the selling's a bit overdone.


November 10, 2021
By Simon Thompson


Square’s takeover of Afterpay to complete on 18 January 2022
Afterpay can exercise its call option early to buy out ThinkSmart’s 10 per cent holding in Clearpay
ThinkSmart to return A$5.6m to shareholders in December
The key take for me from Aim-traded finance company ThinkSmart’s (TSL: 105p) annual meeting today is chairman’s Ned Montarello’s commentary on the takeover of Australian Stock Exchange-listed technology group Afterpay (APT:ASX – A$117) by New York Stock Exchange-listed Square Inc (NYSE:SQ.), a US$106bn fintech group led by Twitter founder Jack Dorsey. At current market prices, the all-share offer values Afterpay at A$34bn (£19bn).

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, a fast-growing UK payment platform that enables consumers to split the cost of retail purchases into interest-free payments. The 10 per cent stake is also subject to a call/put arrangement between the two parties exercisable in 2023-24. 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.

Bearing this in mind, 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, 13 per cent of its active customer base and 8.5 per cent of its underlying sales.

Afterpay has not updated the market on its first quarter trading to 30 September 2021, but Clearpay’s financial contribution is likely to be proportionately even higher, and rising. However, even if you ignore that possibility, then 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.

I also note that the wind down of 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, too, and they are low-risk as customer defaults are neglible.

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Effectively, 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.

I last advised buying the shares, at 103p, when I covered ThinkSmart’s annual results (‘Targeting undervalued technology stocks’, 14 September 2021), and the holding has so far produced a 666 per cent total return since I initiated coverage, at 14p, in my April 2020 Alpha Report. Strong buy.
Posted at 02/8/2021 00:00 by 29palms
Joint Investor Presentation - Square and Afterpay

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