Thinksmart Share Discussion Threads

[mjneish] 21/1/2022 19:47

You were absolutely right. Block continues to be hammered today, 5.6% down as I write.

[dave4545] 20/1/2022 22:10

Block hit 135.70 and held gains for nearly all the session until near the close and then after the market closed it's dropped to 126 in the futures after market so it's still in complete chart off a cliff freefall atm in US

[dave4545] 18/1/2022 16:04

Block is having a volatile session

Opened at 133p, dropped to 128p then shot up to 137p and now 134p

[dave4545] 17/1/2022 15:00

Seem to be shaking it down

46-47p no US markets today so no need to worry about SQ price

online is 46.69-47p so online is strong too

[padraico] 15/1/2022 20:30

mjneish - you are correct they are a tracker with some residual - 6p per IC - but that residual will be burned off with directors salary etc. It is a faulty tracker as it is underperforming Block due to the lack of liquidity / clarity. So it is cheaper way to get Block but may still be dogged by those issues.

[mjneish] 15/1/2022 20:02

I'm of the same opinion but will wait and see what happens. This company is now basically a Block share price tracker unless I'm much mistaken. Might as well buy Block shares. At least they're more liquid.

I stand to be corrected (and would gladly be).

[dave4545] 15/1/2022 19:33

Many thanks mjneish

So not a screaming buy then but I'd not sell at 46p either so I'll hold for something perhaps in the middle 53-55p

[dave4545] 15/1/2022 19:05

If everything was sold at current prices what is the NAV of TSL does anybody know ?

[mjneish] 15/1/2022 11:13

This is what they wrote on the 6th.

But with Block’s stock price almost halving in value to US$143 since late October, then ThinkSmart’s proposed holding of Block shares is now only worth US$88.5m (£65.5m), or 61.5p per ThinkSmart share. The UK company had valued its stake in Clearpay at £125m in its interim accounts on 30 June 2021, so this represents a material decline. In the intervening period, shares in Afterpay have fallen almost 40 per cent, too. ThinkSmart owns other assets and cash worth £6.5m, so the company has a proforma sum-of-the-parts valuation of £72m (67.5p).

...


Bearing this in mind chairman Ned Montarello points out “that of the 280 analysts covering Square/Block all of them have a target price of between US$200 to US$250. That is the look through that we as a board have taken. It is about the volume of shares [ThinkSmart shareholders are receiving] at this point not the value of them. We are excited by the prospect of the Block holding as they emerge as one of the winners in this Payment gateway space with the Afterpay buy now pay later product and their Cash App as core to their growth strategy.”

[shaker44] 15/1/2022 00:29

Yes IC. I thought ST calculated that 150+ was nailed on! No reference back to that number in his recent write up...

[mjneish] 15/1/2022 00:01

Better than nothing, but not exactly the figure of 146 per share (or something around that) that was being bandied about not long ago. Was it the IC?

[babbler] 14/1/2022 23:06

so 20% minimum uplift isn't enough for you?

[mjneish] 14/1/2022 22:40

Pardon my naivety, but TSL will be getting 618,750 shares in Block after their acquisition of Afterpay.

At today's market price this is worth about 56p per share. What am I missing that adds value to the share price? Revenue from the operations that they are winding down are quite small.

[babbler] 14/1/2022 13:15

Needs seller gone then 50 will be history. Might need to hold for a few weeks for value release.

[babbler] 14/1/2022 12:42

https://mobile.twitter.com/BabblerBestBets/status/1481968756050087936

[babbler] 14/1/2022 12:42

as has most tech. So it's not just block. Perspective....

[mjneish] 14/1/2022 12:22

Block's being absolutely hammered in the U.S. lately.

[coyy] 14/1/2022 11:55

99.79% Voted in Favour of Board Resolutions.

Interesting RNS by Square today which gives me confidence.

[dave4545] 14/1/2022 11:45

nasty mm's shook it down and offered zero, and a few people got flushed out at lows

Now the news is out it's right back at the highs of the day 48.5-49.8p

[babbler] 14/1/2022 10:33

Well as no one here attended we have to wait for the rns

[coyy] 14/1/2022 09:45

The SGM was today 8.30 GMT. Any news on outcome?

[dave4545] 14/1/2022 08:12

man they seem to be printing stock in this, it looked like it was going to break back about 50p the other day, now they are slashing the price on any little sale

[babbler] 14/1/2022 08:01

Meeting day is here.

[mjneish] 11/1/2022 16:11

Here it is if you cannot sort out the link.

01/11/2022 | 06:09am EST

Item 8.01 Other Events.

As previously announced, on August 1, 2021 (Pacific Daylight Time) / August 2, 2021 (Australian Eastern Standard Time), Block, Inc. (formerly known as Square, Inc.) ("Block"), Lanai (AU) 2 Pty Ltd, an Australian proprietary company limited by shares and an indirect wholly owned subsidiary of Block ("Lanai"), and Afterpay Limited, an Australian public company limited by shares and listed on the Australian Securities Exchange ("Afterpay"), entered into a Scheme Implementation Deed, as amended by the Amending Deed dated December 6, 2021 (Pacific Standard Time) / December 7, 2021 (Australian Eastern Daylight Time), pursuant to which, subject to the satisfaction or waiver of the conditions set forth therein, Block will acquire (indirectly through Lanai) all Afterpay ordinary shares pursuant to a court-approved scheme of arrangement under Part 5.1 of Australia's Corporations Act 2001 (Cth) (the scheme of arrangement, as varied pursuant to the Amending Deed, the "Scheme" and such acquisition, the "Transaction").

On January 10, 2022 (Pacific Standard Time) / January 11, 2022 (Australian Eastern Daylight Time), Block received confirmation of the non-opposition of the Bank of Spain to the Transaction. As a result, the condition to the Transaction related to the prior non-opposition of the Bank of Spain has been satisfied. The record date for the Scheme will be 12:00 a.m. on January 21, 2022 (Pacific Standard Time) / 7:00 p.m. on January 21, 2022 (Australian Eastern Daylight Time), and the Transaction is scheduled to close on January 31, 2022 (Pacific Standard Time) / February 1, 2022 (Australian Eastern Daylight Time).