Thinksmart Share Discussion Threads

[shaker45] 16/11/2022 01:18

Any thoughts on this now? Is the choice to accept this lowball offer or be locked into an untradeable rump?
Or has the moment passed anyway?

[weatherman] 09/9/2022 17:03

Block stock back to $74.

[g1g4lo] 17/8/2022 15:06

Sold my 120k today as unsure where it going but I am just up so better than losing
Good luck all

[mjneish] 05/8/2022 14:52

I make the current value of the Block shares to be 43.4p currently.

(618,750 Block shares at $90 per share, £0.83 = $1, 106.57 million TSL shares in issue)

So TSL's trading at a 20% discount.

[portugull] 04/8/2022 07:18

I have just re read my posts 535, 539 and 540 from last December which Holders of TSL May find interesting!

It is always a concern of mine when the Directors hold in this case 41per cent of the Shares that their interests might conflict with the interests of the Private Shareholders.

[paul_butcher1999] 03/8/2022 20:31

Coyy - In your position I would keep holding until i got the cash (given the massive discount) and then choose best thing in your view to do with it (in my case I wouldnt put it in Block simply as I have no idea if thats a good idea or not). But you seem to like Block - in which case I’d by that.

[coyy] 03/8/2022 20:01

TSL up 13% today so I guess linked to big move up in Block on NYSE up $8.94 which equates to 11.30%

[g1g4lo] 03/8/2022 19:53

Well I bought a few months ago at 34.5p and increased my holding a few weeks ago by 50% so already up. But there is still 20% discount so am happy to stay.
They will not sell the shares until November and if I am happy to hold Block shares I will buy them direct so it doesn’t matter if you hold shares in TSL and then once sold at an increased price to today at 25% and then buy shares directly in Block.
If you are interested in Block then hold until November and then buy Block - a 25% increase in TSL shares by then - nothing to think about until then unless you think block shares will crash?

[bwm2] 03/8/2022 12:44

Consensus forecast over last 3 months is $120

[coyy] 03/8/2022 10:40

Yes of course they could but, and it is a big but, would you be happy to receive 36p a share for your TSL shares when they have cost you an average of 51p a share and therefore make a loss of 29%. In my case £3,800.

All because TSL want my shares on the cheap. No wonder Simon Thompson is saying "reject the offer"

paulbutcher1999 what would you do in my position?

[paulbutcher1999] 03/8/2022 08:13

Couldnt private investors use the money they receive to buy Block shares directly if they think such a great investment?

[coyy] 02/8/2022 11:05

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?

[bwm2] 30/7/2022 17:07

COYY
Smart. It was trading stock which benefitted from lazy morning arbitrage.... repeatedly on the journey over 2 years.

[coyy] 30/7/2022 15:57

COYY should read portugull.

[coyy] 30/7/2022 15:56

bwm2 I first bought at 20.5p in June 2020 but added over time with an average now of 51p.

It will be very interesting next week to see what Simon Thompson of IC has to say about the deal as he has written about the stock extensively.

Well done on getting out at 90p.

[bwm2] 30/7/2022 15:21

The price is one that the major shareholder accepts.. End of discussion. But I suspect the price of block will harden by October and so will hold my old 20-23p stake. I only have a small holding as the majority was sold circa 90p. Its been a very profitable two years, thankyou tsl.

[portugull] 30/7/2022 08:04

What on earth are the Board of Thinksmart thinking.This proposal absolutely stinks.
Wait for the share price of Block to halve and then sell.36 pence a share.What a bunch of complete fools.Words fail me.

[weatherman] 29/7/2022 06:19

So that will be one less stock to worry about.

[dicktrade] 21/7/2022 08:48

Thanks PG , ive seen it now, TBH i dont trust HL with anything so i am always looking for their mistakes.

[portugull] 21/7/2022 07:48

I have received both on time.
The capital return comes off the cost of your holding.

[dicktrade] 21/7/2022 07:36

Has anyone with HL not received both the special div and the capital return yet ?

TIA

[blackhorse23] 21/7/2022 07:29

LSE lender MCL loan floating between 250-300 millions but mcap only 6 millions . ... oversold

[mjneish] 18/7/2022 15:06

It's been nearly two months so I'll just post that the Block holding is worth 32.7p per share now which is a 45% premium to the current price (ThinkSmart 22.5p, Block $67.86). This is helped by the strong Dollar.

[dave4545] 20/5/2022 13:49

84803 paid 23.4p yesterday sold for 24.556p

Almost £1000 profit which is not bad.