Join our community of smart investors

Unravelling ThinkSmart’s share price decline

Shareholders in an Aim-traded finance company have been hit by a sell-off in Twitter founder Jack Dorsey’s New York Stock Exchange-listed fintech fund, but is it worth holding on?
Unravelling ThinkSmart’s share price decline
  • Stock price of New York Stock Exchange-listed Block falls heavily
  • Shares in Aim-traded ThinkSmart hit by sell-off
  • ThinkSmart trading at 30 per cent discount to spot sum-of-the-parts valuations

A sharp fall in the stock price of New York Stock Exchange-listed Block (SQ:NSQ), a US$66bn market capitalisation fintech fund led by Twitter founder Jack Dorsey, has led to a similar sell-off in Aim-traded finance company ThinkSmart (TSL: 47p).

Block is in the process of acquiring Australian Stock Exchange-listed technology group Afterpay (AFT:APT) in an all-share takeover (currently worth US$15.5bn) which is expected to complete in the current quarter. Afterpay shareholders have already sanctioned the deal.

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in