Thinksmart Share Discussion Threads

[1cath] 08/4/2021 19:01

I notice last year their sales were even in April when the UK were in a lockdown so I am hoping the price will pick up soon once the shops open next wseek in the uk

[sphere25] 11/3/2021 16:10

Haven't touched this one since the previous post. Difficult to trade when you're effectively trading the ASX overnight with the AfterPay moves but interesting news and exchanges today. Someone is clearly happy to sell out in significant blocks here at 74p (note that one of the 1.6m exchanges has been keyed in error and has been netted off so ignore two of the 1.6m prints if tabulating volume - ADVFN volume doesn't account for corrections of trades) and someone is clearly happy to take on those blocks at 74p. It looks like they have taken out the extra large mop with the solid handle. The news: https://www.dailymail.co.uk/money/cardsloans/article-9342889/John-Lewis-M-S-launch-buy-pay-later-schemes.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 Over to the market to decide who is on the right side of the trade. All imo DYOR

[weatherman] 04/3/2021 14:20

I guess the discount is connected to a sale in 2023/4 - 2 or 3 years time.

[dare2share] 03/3/2021 07:53

Yeah disappointed. Maybe a week today as they always seem to release on a wed in prior years

[bwm2] 03/3/2021 07:23

I haven't seen an announcement but it was 4th March last year

[dare2share] 02/3/2021 20:31

Results tomorrow morning?

[bwm2] 01/3/2021 08:21

New Klarna funding round looking at a valuation of 3x that in Sept 2020. Having re read all the APT docs over the weekend, I have inc my TSL no of shares by +15% this morning DYOR

[carcosa] 01/3/2021 07:28

"However APT clearly don't value ClearPay as much as its currently worth " Why do you say that? Are you using the stated option value as the total underlying asset valuation of Clearpay? If so,then that would be incorrect. The option valuation has two parts; intrinsic value and time. There is still two years to go! If you want to estimate what ClearPay is worth then you will have to do some modelling e.g. Black-Scholes and you may find yourself with a very pleasant surprise.

[shaker44] 01/3/2021 03:35

I agree. Atp (and ZIP) had got v frothy but the growth fundamentals are still there. Just have to be patient and ride the bumps before Thinksmart value is realized later.

[xboxkoalabear] 28/2/2021 21:51

I own AfterPay shares in Australia and also Thinksmart. The loss was circa $70m AUD and a large component of that was revaluing the ClearPay option - so Afterpay are putting the ballast down on their balance sheet for eventually buying out Thinksmart. However APT clearly don't value ClearPay as much as its currently worth - perhaps to make their bottom line better - or maybe they only value ThinkSmart on the basis of how the UK business standalone performs. Either way I think ThinkSmart continues to be undervalued providing APT doesn't fall off a cliff.

[kadvfn1] 25/2/2021 09:00

Also this note they are raising to buy out their US operation. I don't think it's a million miles to think that some of that might be used to buy out thinksmart too. Just a thought...

[carcosa] 25/2/2021 08:16

bwm2 That is IMO very debatable. If Afterpay wanted to buy out Thinksmart/Clearpay then that would not directly involve the put/call option. It would have to be an agreed sale and that requires a shareholder vote. I, like you, believe the value of Clearpay is much higher than it currently is and most likely the Board of Directors believe the same, I would judge. Given how the businesses are progressing, a sale now of Clearpay would be around what the shareholders believe the value of the business would be in a couple of years. So if tomorrow we received an offer of 224p. I would vote for it. It's interesting to note that the primary reason Afterpay failed to make a profit was the substantial financial loss on their put option for Clearpay (going from practically nothing last year to over A$60m today). It 'may' be a strategic move on their part to rid themselves of that financial loss if it enables them to show a profit. I don't know.... merely surmising. Will be interested to see what Simon Thompson's take on it will be.

[sogoesit] 25/2/2021 08:13

For those wanting the ASX releases (referred to by bwm): Presentation: htTps://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02346241-3A562258?access_token=83ff96335c2d45a094df02a206a39ff4 H1 Report: htTps://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02346240-3A562255?access_token=83ff96335c2d45a094df02a206a39ff4

[bwm2] 25/2/2021 07:37

Carcosa Surely its in our best interests to let the option run to completion and benefit from further UK growth. Our % of the pie will be smaller but the slice larger. The only negative is that they seem to be slow off the mark in asia and slow to receive approval in Europe - but no surprise there then

[carcosa] 25/2/2021 07:31

Remarkable news from Afterpay today resulting in the group’s shares going into a trading halt on Thursday morning as its brokers launched a whopping $1.5 billion trade. Money to be used to fold its US subsidiary inside the rest of the group and simplify the corporate structure with a view to a US listing. Assuming Thinksmart remains tradable today then I can only see this as good news for TSL. Particularly as a simplified corporate structure implies (with rose tinted glasses) that they will buyout TSL sooner rather than later. Oh, abd AfterPays business results were great too.

[bwm2] 25/2/2021 06:42

Last Year TSL results were on 4th March

[bwm2] 25/2/2021 06:19

There is a great deal to read in the Apt report and presentation docs. I strongly recommend you read all especially the presentation sections on business development, competitive advantage, symbiosis with merchants and the state of play with regulation. A couple of features that caught my eye in respect of UK are that active customers grew at +23% cf +20% overall and surprisingly only +20% USA and at 1.6m they represent 12.2%of the 13.1m total. in Nov we were 1m of 9.9m ie 10.1%. In that month we were 9.5% of sales. Looking at sales for the 6 months we were £800m of 9.8bn ie 8.1% as a result of the steep growth over the 6 months and in particular in Dec. Overall 91% sales are from repeat customers and 70% customers active in store started on line. Shares suspended pending completion of bond sales to take their ownership of the USA business to 93% from 80%. There is speculation of a duel listing and most notably no trading guidance post Dec 20. Is this the reason? Exciting times ahead

[carcosa] 24/2/2021 10:27

Afterpay will release HY21 Results on Thursday 25 February 2021. A briefing will be held via a live audio webcast at 10.00am (Melbourne time). The webcast will be accessible via this link: hxxps://edge.media-server.com/mmc/p/mvcds7uk Afterpay will have to issue a stonking H1 to justify the current share price.

[shaker44] 23/2/2021 11:02

Seems odd to. Me that people are selling at this level. Even at 75

[bwm2] 16/2/2021 10:17

Forager have sold another 1%, no wonder the share price has been restricted

[charlotte2020] 12/2/2021 22:40

This share is very cheap compared to its NAV

[toptomcat] 10/2/2021 08:15

Using ST formula based on APT current price, sum of parts now around 140p. Still 40% upside on this modest valuation