APT - Afterpay Limited

[Knobby22]

I stumped up for the 15k which would be 652 shares. My guess is I might get 50 shares.

I am hoping for 200. (Tell him he is dreaming).

 

[frugal.rock]

Watch and learn.

Touche old chap.
If one was watching this, it got down to 28.5~29..went sideways in December but closed stronger.

With around 1.35 million shares coming on to the market Thursday 30th January, no doubt a few profit takers and possibly a nice setup for buyers.
F.Rock

 

[Knobby22]

Touche old chap.
If one was watching this, it got down to 28.5~29..went sideways in December but closed stronger.

With around 1.35 million shares coming on to the market Thursday 30th January, no doubt a few profit takers and possibly a nice setup for buyers.
F.Rock

Not going to be enough sellers and many who wish they had more. Atypical SPP.

 

[Zaxon]

I thought I would post the guesses from the https://www.aussiestockforums.com/threads/z1p-apt-prediction-competition.35127 thread directly into APT discussion area, to get a feel for what these predictions would look like.

 

[Zaxon]

This is the APT yearly chart:

 

[Zaxon]

This is everyone's prediction extending that chart:

 

[barney]

This is the APT yearly chart:

Thanks Zax …. Double thumbs up from me …… nice to see some spirit involved ...

@frugal.rock will be encouraged I'm sure

 

[barney]

This is everyone's prediction extending that chart:

View attachment 99792

Lol ... I suspect you know how to drive Excel way better than this old dude @Zaxon (is that Excel??)

Thanks for getting involved ... appreciated

 

[Zaxon]

Lol ... I suspect you know how to drive Excel way better than this old dude @Zaxon (is that Excel??)

Thanks for getting involved ... appreciated

Yes, excel, with a bit of superimposition.

 

[barney]

Yes, excel, with a bit of superimposition.

Ah yes ..the old "superimposition" trick ...... whatever that is lol

 

[aus_trader]

Nice forward projection Zaxon. I think you are right in the middle of the pack with a couple of other members while the outliers lie well above and below. Interesting...

 

[Zaxon]

Nice forward projection Zaxon. I think you are right in the middle of the pack with a couple of other members while the outliers lie well above and below. Interesting...

You too. Hopefully, one of us "centralists" will win. lol.

 

[frugal.rock]

Afterpay and Z1P on ABC news yesterday.
Obviously good for business.
Does ASIC really want to curtail the BNPL industry? Me thinks not, the code of practice will come in sooner or later.
The consumer groups make no comparisons to credit cards, wonder why? It's much easier to get into bad debt via credit cards, but let's not mention banks generally charge $20 for every $1000 cash advanced for the priveledge, then typically charge
over 20% interest also...
Stop press, new offer received from my bank, "Increase your credit card limit"... with a disclaimer that they don't know about your financial position...

http://www.abc.net.au/news/2020-01-...d-purchases-worry-consumer-advocates/11873572

 

[Knobby22]

Its a way of avoiding credit card debt and I would not be surprised to find that some of the critical consumer advocates get some funding from the banks.

 

[Knobby22]

I stumped up for the 15k which would be 652 shares. My guess is I might get 50 shares.

85 - $1,955 worth, you weren't far off Ferret.
Also instant $1,000 profit at present SP.

 

[bigdog]

APT Afterpay closes Share Purchase Plan (uploaded)

Looks like I will get 85 shares!

The SPP offer was sent to approximately 40,000 eligible security holders and over 15,000 valid applications were received, representing a participation rate of 37% based on registered holdings. As the value of applications, approximately $240 million, significantly exceeded the cap of $30 million for the SPP, the Afterpay Board has decided to exercise its discretion under the SPP terms to scale back applications to a total of approximately $33 million.

All SPP applications will be scaled back on a pro rata basis, subject to:
• a minimum allocation of $506 worth of Afterpay shares (22 shares at $23.00 per share); and
• generally rounding up other scaled back allocations to the next multiple of five (5) Afterpay shares.
• An application for the maximum amount of $15,000 will be allocated $1,955 worth of new shares (85 shares at $23.00 per share).

Refunds for application money where applications were scaled back will be processed on Monday 3 February 2020.

 

[barney]

Just an observation … APT making new highs …. If it follows a similar pattern there should be at least a bit more in the tank in the short term. (Don't hold)

 

[aus_trader]

I may have under-estimated the Afterpay price prediction, as I thought this type of payment was just for the big retailers such as those in shopping centers and department stores etc. I was surprised to see Afterpay offered in a small Automotive repair shop, in front of a fly-wheel of a clutch on display, see attached photo below. If it continues to win small business and expands further, I think they may be able to put a dent in the bank profits that is generated by credit cards etc.

 

[frugal.rock]

The new...?

F.Rock

 

[sptrawler]

I may have under-estimated the Afterpay price prediction, as I thought this type of payment was just for the big retailers such as those in shopping centers and department stores etc. I was surprised to see Afterpay offered in a small Automotive repair shop, in front of a fly-wheel of a clutch on display, see attached photo below. If it continues to win small business and expands further, I think they may be able to put a dent in the bank profits that is generated by credit cards etc.

View attachment 100003

If they keep growing the way they are, I would be surprised if a bank doesnt buy them out.