Australian (ASX) Stock Market Forum

APT - Afterpay Limited

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Knobby22 said:
Watch and learn.
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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
 
frugal.rock said:
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
Click to expand...
Not going to be enough sellers and many who wish they had more. Atypical SPP.
 
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.

upload_2020-1-18_20-31-39.png
 
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...:cautious::cautious:o_O
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...o_O:2twocents

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

Attachments

  • APT Afterpay closes Share Purchase Plan.pdf
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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.

upload_2020-1-30_5-25-13.png
 
aus_trader said:
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
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If they keep growing the way they are, I would be surprised if a bank doesnt buy them out.
 
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