Thinksmart Share Discussion Threads

[hazl] 07/6/2019 19:47

'ATP estimates that the UK online market is more than 4x bigger than the Australian market and more than a fifth of the US market. ThinkSmart plans to sell the holding in ClearPay to Afterpay in five years at a valuation based on the Afterpay valuation in five years’ time. After Pay Touch Group currently has a market cap of AU$ 5.7bn up 90% YTD.'

[hazl] 07/6/2019 17:35

Yes a deserved rise.

[topranking] 07/6/2019 16:15

What a splendid day ;). Can I have some more on Monday please?

[plasybryn] 07/6/2019 15:03

Thanks someuwin.

[bradbury3559] 07/6/2019 13:08

What's everyone's predictions on this

[hazl] 07/6/2019 13:08

IS THAT TARGET PRICE OF 33P SOMEBODY SAID?

[hazl] 07/6/2019 13:05

clearly undervalued ....as says RNS value at 16p a share.....

IMO

[hazl] 07/6/2019 12:38

Strange somebody did set up a thread back in about March but you can only access by the 'More' button just above the billboards.
No idea why.

[irondick] 07/6/2019 12:32

Good share

I am up 45%. Looking for 200% by Monday at 20p

[hazl] 07/6/2019 12:21

Oh wow been working this morning and only just noticed!
Excellent been in a while.

[bradbury3559] 07/6/2019 11:38

New in. Waiting for a nose bleed lol

[topranking] 07/6/2019 11:21

Now available at a premium. Going to go mental shortly

[someuwin] 07/6/2019 10:59

Can't even buy £1k worth.

[someuwin] 07/6/2019 10:40

finnCap...

Target Price 33.0p

...

Valuation. With net assets of c£17m, of which c£7m cash and £3.5m in shares in APT, ThinkSmart shares trade at a c60% discount to book.

Our view. The 6.5% ownership of ClearPay represents a significant upside for Thinksmart. APT is the most established global competitor in the online point of sale market by a large margin, having achieved a 25% market share of all Australian domestic apparel online sales and 8% of all online physical sales in only a few years. In May 2018, APT launched in the US and by the half year to 31 December 2018 it had gained 2,800 retail partners and 900K customers (Feb 2019) and transacted Gross Merchandise Value of A$260m (11.6% of group GMV). By comparison, it took 28 months to achieve the same GMV in the Australian business. We believe that the intellectual property that APT brings to the UK market is significant and will greatly accelerate the development of ClearPay and hence bring to light the value of ThinkSmart's holding in ClearPay. ATP estimates that the UK online market is more than 4x bigger than the Australian market and more than a fifth of the US market. ThinkSmart plans to sell the holding in ClearPay to Afterpay in five years at a valuation based on the Afterpay valuation in five years’ time. After Pay Touch Group currently has a market cap of AU$ 5.7bn up 90% YTD.

[someuwin] 07/6/2019 10:18

finnCap today reiterate 33p target.

[someuwin] 07/6/2019 09:55

"...In March 2019, ThinkSmart returned AU$8m (c. GBP4.3m GBP) via a Return of Capital and Dividend to its shareholders, whilst maintaining a healthy cash position of c. GBP7m GBP as at 30 April 2019. In addition, the Company continues to hold 250,000 APT shares, valued at c. GBP3.5m GBP at 30 April 2019 (based on APT share price of AUD$25.59 and 1.8379 AUD:GBP at that time), which were received as part of the sale consideration for ClearPay.

At 30 April 2019, the Company's consolidated net assets (unaudited) stood at c. GBP17m GBP representing c. 16 pence per share versus its current share price of 5.75 pence per share (at 5 June 2019)."

[someuwin] 07/6/2019 09:53

New thread

[hazl] 09/5/2019 15:24

might as well stick here...

[hazl] 13/3/2019 12:54

Jolly good

[bahiflyer] 14/11/2018 18:28

Just under 4p per share being returned subject to any Aussie tax at current exchange rates.

[hazl] 26/10/2018 17:37

REMAINING FAIRLY CONSTANT.