Australian (ASX) Stock Market Forum

APT - Afterpay Limited

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sptrawler said:
I have no understanding why, but it still scares the hell out of me, another opportunity lost?
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The way I see it, based on the posts above, if the SPP goes ahead, it would be highly probable that another opportunity presents itself... just sayin my thoughts out loud.
If I held, I would be looking at dumping soon and hopping on for the return journey.
Definitely not financial advice.
F.Rock
 
sptrawler said:
Have any Australian Financial Institutions signed up?
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Australian Financial Institutions
ASX Ann. 12/06/2019 9:44:09 AM Successful Completion of $317.2 million Capital Raising

The next day was AUSTRAC notice announced
ASX Ann. 13/06/2019 9:51:31 AM AUSTRAC Notice

ASX Ann. 4/07/2019 4:25:49 PM Shareholder Letter - Share Purchase Plan Deferral
-- SPP deferred unitl after AUSTRAC completed and could be early 2020 and still $23 for total $30 million. Hoping for higher than $30 million!!
 
ASX announcement today
Media Release- Black Friday & Cyber Monday (uploaded)

For November 2019
- New Customers for November 500,000 (total active 6.6 million)
- Underlying sales $1.0 billion (4% commission = $40 million for the month)

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Attachments

  • APT Media Release- Black Friday & Cyber Monday.pdf
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ASX Announcement today
6/12/2019 1:21:39 PM 2 Afterpay Share Purchase Plan (file uploaded)

Shares issued under the SPP will be issued at the lower of $23.00, being the price of the institutional placement that was undertaken and announced on 12 June 2019

Shareholders on the Afterpay register at 7:00pm (Sydney time) on 7 June 2019 (Record Date), with a current registered address in Australia or New Zealand will be entitled to apply for up to $15,000 worth of Afterpay shares through the SPP

The SPP is capped at $30 million.

Will they accept over an oversubscribed SPP like they did in June for the institutional Placement of new shares in June 2019????

The June 2019 institutional Placement of new shares in Afterpay (New Shares) to eligible investors, to raise a minimum of $300m. This was oversubscribed and $317 million was accepted

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Attachments

  • APT Afterpay Share Purchase Plan.pdf
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bigdog said:
ASX Announcement today
6/12/2019 1:21:39 PM 2 Afterpay Share Purchase Plan (uploaded)
The SPP is capped at $30 million.

Will they accept over an oversubscribed SPP like they did in June for the institutional Placement of new shares in June 2019????

The June 2019 institutional Placement of new shares in Afterpay (New Shares) to eligible investors, to raise a minimum of $300m. This was oversubscribed and $317 million was accepted
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I doubt they will give much more than 30 million, bigdog. I will put in for the maximum and hope. Will be happy if I get $5,000 worth.

I was thinking they would have the SPP as soon as possible, when you said it would be next year I was a bit surprised. I think the timing with the recent dip is good and its a promise they need to resolve in a timely manner as possible.
 
Knobby22 the dates are below:

In the 2018 SPP, I subscribed the full amount and was allotted 574 shares which I was happy with


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This is my pick for January.
SPP has artificially lowered the price.
Will bounce back in January but probably not as much as Z1P which is also lower mainly for the same reasons.

The disadvantage it has compared to Z1P is that the SPP shares are provided in January and there are always a few shareholders who can't wait and take the instant profit.
 
Knobby22 said:
This is my pick for January.
SPP has artificially lowered the price.
Will bounce back in January but probably not as much as Z1P which is also lower mainly for the same reasons.

The disadvantage it has compared to Z1P is that the SPP shares are provided in January and there are always a few shareholders who can't wait and take the instant profit.
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I take it you do know the SPP is likely to be at $23 per share unless the price drops rapidly in the next 2 weeks to make it lower? (5 day VWAP)
Seems like an inverted situation to Z1P...
F.Rock
 
frugal.rock said:
I take it you do know the SPP is likely to be at $23 per share unless the price drops rapidly in the next 2 weeks to make it lower? (5 day VWAP)
Seems like an inverted situation to Z1P...
F.Rock
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The SP price is a lot lower though as was held off. The price won't drop to that level as it is too large a drop.
 
Knobby22 said:
The SP price is a lot lower though as was held off. The price won't drop to that level as it is too large a drop.
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Ok then. If you say so.:roflmao:

:cautious:
Stranger things have happened.
I think won't is a dangerous word.
The February comp might be a good entry IMO.
Cheers. F.Rock
PS, just sayin my thoughts. I hope for investors sake me wrong.
 
ASX announcement today
2/01/2020 10:18:00 AM Regulatory Update - California, US

APT was granted a California finance lender’s license through the California Department of Business Oversight (DBO) in November. This license remains valid today. Also applied for the license to facilitate its potential future expansion into other service offerings in the US that align with its business model.

Share price currently up 3.86% today

Rival SZL Sezzle revealed it has been denied the same license this morning and SP currently down 18% today
-- SZL announcement 2/01/2020 9:55:45 AM California Financing Law License Update

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Companies like Sezzle with poor ethics always end up getting in trouble.

Afterpay has a licence on Calfornia and I expect is still expanding quickly.
Can't wait to see the next report.

If I was Afterpay the next step would be to consider listing in the USA.
 
SPP closing date was 5:00 PM today

I have subscribed for SPP (should be $23 per share)

Looking like $10 profit for SPP!!

SPP was for $30 million and I imagine will be heavily over subscribed

Will not know until Wednesday Jan 22!!

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Knobby22 said:
Companies like Sezzle with poor ethics always end up getting in trouble.
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Well I am glad they did in get in trouble, a rap on the knuckles, then they got their California license announced today also.:D
Good volatility of a reasonable sized stock because of getting in trouble! Can't comment on the ethics side, didn't do much FA, just TA.
F.Rock
 
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