Thinksmart Share Discussion Threads

[someuwin] 28/6/2019 08:47

Missed the news yesterday. Looks like they cashed in half for about £2m cash.

27 June 2019

ThinkSmart Limited
("ThinkSmart" or the "Company")
Sale of 125,000 Afterpay Shares
Further to its business update of 7 June 2019, the Company announces that it has today sold 125,000 of its 250,000 shares held in Afterpay Touch Group ("APT") for AU$27.69 per share (the "Sale"). Following the Sale, the Company will retain 125,000 APT shares.

[someuwin] 11/6/2019 14:08

Clearpay launches in the UK with Urban Outfitters & BooHoo

By Chris Dawson June 10, 2019 - 10:28 am

Afterpay is a service enabling retailers to offer a ‘buy now, receive now, pay later’ service that does not require end-customers to enter into a traditional loan or pay any upfront fees or interest to Afterpay. Afterpay has more than 4 million customers in the US, Australia and New Zealand and has now launched in the UK under the Clearpay brand and headed by Carl-Olav Scheible once the CEO of PayPal in the UK.

Clearpay charge retailers to offer customers interest-free instalment plans by splitting a purchase amount over 4 manageable fortnightly instalments. The service is free to customers who pay on time, with no interest and no contracts.

There has been a shift in payment behaviour amongst Millennial shoppers who have a preference towards debit cards and an aversion of credit. Clearpay is a solution to cater to this generational shift by offering customers an alternative to credit. Responsible spending has been built in – customers can’t use Clearpay for future purchases until they pay each instalment due. Approved spending limits are largely determined by customers’ repayment history. For those who have only recently joined, spending limits will generally be smaller.

Urban Outiftters and BooHoo first to sign with Clearpay

“Afterpay purchases see the lowest return rates of all our supported payment types in the US”
– David Hayne, Group Chief Digital Officer, Urban Outfitters

Boohoo have also confirmed plans to launch Clearpay across all its UK brands and websites, extending their Afterpay partnership in Australia, New Zealand and the US to Europe.


“Retailers across the US and Australia tell us that using this service drives down their returns, typically by around 20%, and attracts new customers online… This is about putting the customer first and, by virtue of that, facilitating mutually beneficial and higher value connections between retailers and their customers.

The Clearpay platform is unlike anything on offer in the UK, offering people greater flexibility to budget and pay for goods and services…By trusting consumers to repay free of charge, it turns accepted wisdom in financial services on its head.”
– Carl-Olav Scheible, UK CEO, Clearpay UK (Afterpay Touch Group)

[richardjohn10] 10/6/2019 16:17

Poor action today, looks like the news hasn't been digested

[hazl] 10/6/2019 13:29

mms protecting themselves....plus not that many shares in issue is my best guess

[bradbury3559] 10/6/2019 13:22

Why such a spread

[hazl] 10/6/2019 08:42

Ah that's interesting someuwin....a good guide to value perhaps.

[someuwin] 10/6/2019 08:40

AfterPay Touch Group ASX:APT up again. Current valuation $5.04b

[someuwin] 10/6/2019 08:31

finnCap:

"...In addition is the 10% ownership of ClearPay, a product that is currently being fostered by market leader AfterPay Touch, a rapidly growing, global payments company with numerous large retail group contracts.

The key element here is not the less-than-exciting leasing business but rather management’s proven ability and increased confidence in developing proprietary technology that can enable either diversification into more exciting markets or, as with the ClearPay-Afterpay deal, the formation of a new relationship to drive future growth. Recall that ClearPay was developed, brought to market and sold (10% residual ownership maintained) all in the space of 12-18 months. This exhibits the speed at which the company can move once the right idea has received investment to increase the value of tech-based intellectual property. The company already has expertise in credit decision processes. This has thus far been used in the leasing sector, but retail and business credit markets are applicable to numerous sub-sectors, which we believe the company is well placed to take advantage of."

[hazl] 10/6/2019 08:30

interest resumed....by the looks of it

[richardjohn10] 10/6/2019 07:54

What will TSL be worth when they sell there share on 5 years!!!!????A question that can't be answered but would be nice to know.

[hazl] 10/6/2019 07:52

see how today goes.......

[hazl] 09/6/2019 14:24

Ah here we are cash in March 2019,


' ThinkSmart returned AU$8m (c. £4.3m GBP) via a Return of Capital and Dividend to its shareholders, whilst maintaining a healthy cash position of c. £7m GBP as at 30 April 2019. In addition, the Company continues to hold 250,000 APT shares, valued at c. £3.5m 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. '

[hazl] 09/6/2019 13:59

It's just got a 10% holding Richard I don't think that's their concern.correction....
apart from providing an outsourced customer service centre to ClearPay to support the product in the UK. A proportion of the 10% retained shareholding (up to 3.5% of the total share capital of ClearPay) will be made available to employees of ClearPay under an employee share ownership plan.



Current trading for ThinkSmart's leasing business continues broadly in line with the performance for continuing activities as announced in the Interim Results on 6 March 2019, with business volumes down year on year, mainly as a result of the lower margin Flexible Leasing product. ThinkSmart has adjusted its cost base to align to these volumes and is currently reviewing the ongoing strategy of the leasing arm of its business.
They do need to sort out their flexible lease business though as its dependent on a few like Dixons in health which I think they know.
Watch and wait.
more info here.

[richardjohn10] 09/6/2019 13:54

Thanks for your response Not sure how much cash it takes to get the show on the road in UK

[hazl] 09/6/2019 13:49

'Scheible, added: “The Clearpay platform is unlike anything on offer in the UK, offering people greater flexibility to budget and pay for goods and services. By trusting consumers to repay free of charge, it turns accepted wisdom in financial services on its head.

“This is an interest-free way to stagger payments by debit, which rewards positive behaviour and is the opposite of a traditional credit product. Instead of making money by trapping people in accruing debt, Clearpay charges retailers a fee to provide the service and covers the cost of the purchase up front, removing the risk for the retailer.”

RICHARD
At 30 April 2019, the company's consolidated net assets (unaudited) stood at circa £17mln representing circa 16 pence per share versus its current share price of 5.75 pence per share (at 5 June 2019),” the company said.

It returned an amount of cash ...which holders received in April this year.
I doubt it would return moneys to shareholders if it was short but of course it sold off 90% of its holding of AfterPay,and retains 10% at present.
Again they hope to sell that off at a good time too,from what I understand.
Do they need more cash?
Simply. I doubt it but I honestly don't know.

[richardjohn10] 09/6/2019 13:19

Will clearpay need to raise any more cash?

[hazl] 09/6/2019 12:30

'The launch of Clearpay in the UK marks the company’s first move into Europe, and they state is an important market as the UK is the third largest global market for e-commerce after China and the US, worth over 70 billion pounds annually. This is more than four times the size of the Australian market, where one in four young people now use Afterpay and the company accounts for 10 percent of all e-commerce.'

[richardjohn10] 08/6/2019 21:20

Might have to get myself some of these.

[hazl] 08/6/2019 20:36

'Global retail brands partnering with Afterpay in Australia and the US are already committing to the UK Clearpay service, including Urban Outfitters, Anthropologie and Free People, and Boohoo has added that it will launch Clearpay across all its UK brands and websites, extending its Afterpay partnership in Australia, New Zealand and the US to Europe.

Clearpay also added that it is in “advanced discussion” with a host of other leading UK retail brands. Retailers already using Afterpay in Australia and the US include The Iconic, Asos, Forever 21, Revolve, Kylie Cosmetics and Steve Madden. '

from link above

[hazl] 08/6/2019 11:23

Richard THERE SEEMED TO BE A BIT of selling into close so it might be possible to get in more cheaply for anybody first thing; remains to be seen.
In the meantime there are some useful links.

[richardjohn10] 07/6/2019 20:30

Another rally Monday???