APT - Afterpay Limited

[aus_trader]

Oh you mean like the oil charts on the POO thread when I said POO would would hit the red line resistance and probably collapse quite quickly? I know you certainly didn't agree with that one. Well sometimes I manage to read the tea-leaves correctly!

Edit. POO = Price of Oil. It was all go down in the Commodities section.

POO has also been of interest to me due to direct influence of the oil ETF(ASX:OOO) that I had in the Medium/Longer Term Stock Portfolio. Managed to exit at a profit by watching the POO chart. Had I held on, that profit would have evaporated by now.

 

[Sdajii]

Oh you mean like the oil charts on the POO thread when I said POO would would hit the red line resistance and probably collapse quite quickly? I know you certainly didn't agree with that one. Well sometimes I manage to read the tea-leaves correctly!

Edit. POO = Price of Oil. It was all go down in the Commodities section.

I knew what you meant by POO. Yes, that's an example where you were right and I was wrong. You don't always get it right, neither do I, but in this case here with APT we agree on the prediction.

 

[Ann]

I knew what you meant by POO. Yes, that's an example where you were right and I was wrong. You don't always get it right, neither do I, but in this case here with APT we agree on the prediction.

I knew you knew what POO was but I just added the clarification for others who might be reading and wondering why we are charting and talking about faeces.

 

[Zaxon]

Afterpay has gone into a trading halt, and has announced a new capital raising:

 

[Knobby22]

Capital raising to support growth.
very glad I sold a 1/3rd of the shares now to get my capital back at $27.25.
I will use the money to participate in the SPP.

 

[PZ99]

I'll do the same. Straight back to 20 bucks or thereabouts I reckon.

For what it's worth, I reckon it'll stay over $25 tomorrow, maybe $26 by weeks' end

DontlistentoanythingIsaidthenthatwasallBS

 

[Zaxon]

 

[So_Cynical]

(Jan 25 - 2019)Bell Potter: Our analysts share their outlook and top stock picks for 2019.

APT Price target of $23.63 ~ one of a few stocks that get a mention.

https://www.belldirect.com.au/smart..._direct/pdfs/Analyst_Stock_Picks_for_2019.pdf

Bell Potter keep issuing ambitious price targets and APT keeps on hitting them. $29.28 now - may take awhile with the cap raising.
~
https://dpsi7pmz5b6vt.cloudfront.net/uploads/wire_attachment/26/APT_6_June_2019.pdf

 

[Knobby22]

The reporter John McDuling in the Age/SMH is trying to make it big news that the founders are cashing in a small part of their stake. With no dividends and being up hundreds of millions I would want to grab 20mil so I could live a good lifestyle. I think the way they are selling is ideal.

He is also harping on again about the Afterpay being probed by Austrac over money laundering laws and the fact that "consumer groups" are upset about Afterpay now being offered by GP clinics and other allied health services.

He also goes onto say that there is a significant cohort of short sellers who are being beaten to a pulp. Could he be one of them?

 

[bigdog]

SP is up today above the $23.00 placement price

SPP $23.00 price looks very attractive to existing shareholders!

However, if you were successful getting SPP shares in Sept 2018 looks like you will be penalised for this SPP!!

Did I read this right?

"Shareholders on the Afterpay register at 7:00pm (Sydney time) on 7 June 2019 (Record date), with a registered address in Australia or New Zealand will be entitled to subscribe for up to $15,000 worth of Afterpay shares through the SPP (net of any SPP shares allotted in the 2018 SPP), subject to eligibility criteria and other terms and conditions of the SPP which will be set out in the SPP booklet and dispatched to eligible shareholders in due course"

 

[Knobby22]

Looks like the SPP will be $23.

 

[HelloU]

SP is up today above the $23.00 placement price

SPP $23.00 price looks very attractive to existing shareholders!

However, if you were successful getting SPP shares in Sept 2018 looks like you will be penalised for this SPP!!

Did I read this right?

"Shareholders on the Afterpay register at 7:00pm (Sydney time) on 7 June 2019 (Record date), with a registered address in Australia or New Zealand will be entitled to subscribe for up to $15,000 worth of Afterpay shares through the SPP (net of any SPP shares allotted in the 2018 SPP), subject to eligibility criteria and other terms and conditions of the SPP which will be set out in the SPP booklet and dispatched to eligible shareholders in due course"

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yes. ur read is correct.
(not an apt thing ....but asic type thing)

 

[PZ99]

Sell 600 at $26.30 and buy 600 at $23. Free petrol for a year

 

[Zaxon]

Sell 600 at $26.30 and buy 600 at $23.

The scaleback is the unknown quantity. If you could guarantee the number of shares you'd be allocated, all sorts of party tricks are possible.

 

[bigdog]

Todays ASX ANN by APT included:

"Shareholders on the Afterpay register at 7:00pm (Sydney time) on 7 June 2019 (Record date), with a registered address in Australia or New Zealand will be entitled to subscribe for up to $15,000 worth of Afterpay shares through the SPP (net of any SPP shares allotted in the 2018 SPP), subject to eligibility criteria and other terms and conditions of the SPP which will be set out in the SPP booklet and dispatched to eligible shareholders in due course"

SPP ASIC page 12
https://download.asic.gov.au/media/4972674/rep605-published-20-december-2018.pdf

Transaction type: Security purchase plans (SPP)

Eligible security holders can subscribe for up to $15,000 of securities in a 12-month period (ASX Listing Rule 7.2 Exception 15 and Class Order [CO 09/425] Share and interest purchase plans) and the total amount raised via an SPP is typically subject to a cap. The SPP offer document usually sets out the scale-back policy which is left to the discretion of the issuer.

Who can participate? Eligible security holders

 

[bigdog]

SP is reaction to ASX Austrac Notice today to appoint external auditor

Afterpay’s subsidiary, Afterpay Pty Limited, received a notice from AUSTRAC on the evening of 12 June 2019 requiring it to appoint an external auditor (as authorised by AUSTRAC) to carry out an audit in respect of its AML/CTF compliance (“Notice”). APT was informed of AUSTRAC's intention to issue this Notice after 5.00pm on that day.

ASX Announcement today
13/06/2019 9:51:31 AM AUSTRAC Notice

 

[PZ99]

The scaleback is the unknown quantity. If you could guarantee the number of shares you'd be allocated, all sorts of party tricks are possible.

Well I just bought the 600 back at $23.01 - not much point in doing the SPP

 

[Zaxon]

Well I just bought the 600 back at $23.01 - not much point in doing the SPP

Exactly. Job done.

 

[aus_trader]

I'm sure Ann will pick up on the H&S forming...

 

[Sdajii]

I'm sure Ann will pick up on the H&S forming...

Yep, it's shaping up nicely (or, well, neatly). I wouldn't be buying in at the moment.