Thinksmart Share Discussion Threads

[whatsthepoint] 28/8/2018 16:58

Positive yes but feel whoever dealt with the sale in Aus didn't get the best price you would have expected over past three trading days Typical high costs to sell a big chunk of shares.

[hazl] 28/8/2018 16:22

I am just waiting for it to settle,having dipped a toe in.

[hazl] 28/8/2018 16:21

I thought you were positive ?

This share is just adapting to it's new price,in my opinion.
Stale bulls will go leaving it for others to find perhaps.

[whatsthepoint] 28/8/2018 15:24

Think the $20 sale price is very poor as the APT shares been trading well above that for last few days only rarely dropping below $20But all in all this has value to be gained here imho

[hazl] 28/8/2018 14:19

When we get more interest that could change......

imo

[whatsthepoint] 28/8/2018 11:35

Spread is to Expensive this is discouraging trading

[hazl] 28/8/2018 09:14

I agree that the management have played it very well so far.

Be interesting to see how it continues.

[whatsthepoint] 28/8/2018 08:53

Have the plan is to retain some of this windfall and distribute the majority of the money raised as a special dividend with £8.5 mil they could retain £1.5 mil and distribute the balance that would be 6.66p special dividend Now the question is what will the city value the remaining business They got the last valuation completely wrong prior to this sale The business without ClearPay was valued at 20p a share before slipping to 8.75p with Clearpay Now they have crystallised ClearPay at circa £12.65 mil or 12p a share of which they will distribute say 6.6 What will be the residual value after special dividend!One has to assume that the creation of £12.65 mil just from ClearPay in less than a year will raise the credibility of the management team here They still have the original business linked to Carphone Warehouse which was the basis of the float So all I am saying is this is very cheap at current levels You will have to be a shareholder to get the special dividend so paying 15.5 today and then getting 6.66 p ish dividend will the residual business be prices at greater than 9p with circa 250,000 shares in APT and 10% of Clearpay retained and the original business I would hazard to guess it would be !! Especially if APT continues to grow as it has done this past year. Dyor

[hazl] 28/8/2018 08:25

Anyway it's all good news as far as I can see.
Sorry not much time today.

[hazl] 28/8/2018 08:23

Majority?
What do you mean?

[whatsthepoint] 28/8/2018 07:27

That's £8.5 mil in the bank some for capital but the majority to be distributed as a special dividend ?

[whatsthepoint] 27/8/2018 10:10

APT 13% higher than price on deal day so imho TSL is undervalued! This was a cracking deal for existing shareholders but best part of 84% are directors and ii can see directors paying them selves a handsome special dividend

[whatsthepoint] 27/8/2018 09:13

Looking at the meteoric trajectory of APT imagine what the 250,000 shares they get next February might be worth !

[whatsthepoint] 27/8/2018 08:36

APT up another 7% that values the 1 mil shares at £12,000,000 that's 11.4 per share and was trading at 20 p on IPO before ClearPay has even been launched so that £12,000,000 plus the 10% left is all newly created value for shareholders 750,000 now worth £9,000,000 could easily have sold them all last two days so plenty of cash to distribute as special dividend !!!

[hazl] 27/8/2018 07:41

THEY certainly seem quite canny ....management..... and just what I would have done.
Just hope they retain the 10% all the time it's practical to do so.

[hazl] 26/8/2018 20:46

'In a note to clients, analysts at City broker FinnCap said that the sale strengthened ThinkSmart’s balance sheet while offering the possibility of “at least £11mln of value within 12-18 months through its residual holding”.


£11million!

[hazl] 26/8/2018 20:27

'ThinkSmart (LON:TSL)‘s stock had its “corporate” rating reiterated by investment analysts at FinnCap in a report issued on Thursday. LON TSL opened at GBX 14.25 ($0.18) on Thursday. ThinkSmart Company Profile ThinkSmart Limited, together with its subsidiaries, provides lease and rental financing services in the United Kingdom, Spain, Italy, the United States, Australia, and internationally. The company's brands include UPGRADE ANYTIME, which allows consumers to lease technology products; SmartPlan, a technology leasing solution... '

[hazl] 25/8/2018 10:46

Karen Procter said: "This is an exciting deal for our long-standing client ThinkSmart. AfterPay will use the ClearPay acquisition as a means to expand in the UK, allowing it to move quickly in a fast-growing sector armed with the technical expertise and the knowledge of the UK regulatory framework the ClearPay team brings."

[hazl] 25/8/2018 10:41

'The corporate team at the Manchester office of leading national law firm Shoosmiths has advised on the strategic acquisition of an innovative digital payments solutions provider based in the North West.

The public markets deal, a second in as many months for the team, involves AIM-listed ThinkSmart Limited, an Australia-headquartered company with 100 staff based in Old Trafford, Manchester, selling 90% of its shareholding in its subsidiary company ClearPay Finance.

ClearPay has been acquired by another Australian company, AfterPay Touch Group Limited, which is listed on the Australian stock market, in an all-share deal worth for AUS $18.55m (around £10.5m). AfterPay is a global payments company with a current market value of AUD $4bn created in just 4 years. AfterPay has operations in Australasia and the USA serving approximately 2.3m customers and 17,700 merchants.

ClearPay, was formed in July 2017 by ThinkSmart Europe, ThinkSmart's European subsidiary and formally launched in March this year. It allows retailers to offer their customers the ability at the point of sale to take interest free credit on purchases of up to £450 and spread the cost over three monthly payments.

Appealing to millennial consumers, the first-to-market technology includes a smartphone app, which allows customers to stay in control of their payments.

AfterPay is acquiring the ClearPay corporate entity, including ClearPay's contracts with relevant service providers and key employees with local knowledge of the UK market and regulatory landscape.

A proportion of the 10% shareholding in ClearPay retained by ThinkSmart will be made available to employees of ClearPay under an employee share ownership plan ("ESOP").

Ned Montarello, ThinkSmart's Executive Chairman, said: "The board is pleased to crystallize a significant return on investment for shareholders with the sale of 90% of ClearPay, while still retaining an ongoing investment in what, in our view is the leading player in this sector globally.

"AfterPay's product, ongoing success and go to market strategy is compelling and we are delighted to now be a part of this story. In a market three times the size of Australia the acquisition of ClearPay will assist AfterPay in becoming the dominant player in the UK market."

Advising ThinkSmart, the Shoosmiths' corporate team on the deal was made up of corporate partners Karen Procter and Tim Jackson-Smith, senior associate Benjamin Dredge and solicitor Thomas Baker. Financial services advice was provided by Manchester Head of Financial Services, Janet Dalton and senior associate Suzanne Taylor.'

[whatsthepoint] 25/8/2018 09:37

Think this will go to sleep now until results day ? Peeps don't know what they are missing Watch APT for clues on how much value they have created with the deal

[hazl] 24/8/2018 21:43

httPs//www.shoosmiths.co.uk/news/press-releases/digital-payment-solutions-innovator-clearpay-14568.aspx

[hazl] 24/8/2018 21:36

Back in June

[whatsthepoint] 24/8/2018 19:51

Well certainly seems like this has gone under the radar the value of effectively 1,111,111 APT shares is worth 12p a share but they may have sold some for cash at 15% higher on open in aus this morning that values the original business at circa 1.6 p and they already have some cash This is very very undervalued imho Can't talk to company in blackout till results Wonder if others will realise how cheap this still is despite the bounce

[hazl] 24/8/2018 11:00

it's the summer lull....not many people around