I totally understand it is a type of lay buy system where you can take the goods on the day as opposed to a traditional lay buy where you have to pay off the total amount before taking possession of the item.
And I agree it is better than using a credit card or O/D.
It is still a form of credit and it still encourages spending beyond ones means as opposed to saving up and then purchasing.
@Knobby22 Good info on the process for non payments, cheers
I actually think APT is a great business but IMO it is currently over valued especially in this retail climate..... in saying that it is on my " stocks to buy in a crash watch list"
Aye mate valuation is like beauty "in the eye of the beholder"Valuation is a judgement call.
The metric that is most important for the valuation is growth, especially internationally. If that slows then it is overvalued. If it is stellar it may be undervalued.
The next report will be very interesting.
Sorry Dona, I wasn't being nice yesterday posting that.... don't know why I did that.I have no problem with a provider of services or goods making a profit. In fact I'd prefer that to be the case. They'll be there next time if I wish to utilise them. I just don't like subsidising others' indulgences
Hey @bigdog love what you do man and really appreciate it but I think we have half APT half A2M posted above?View attachment 100787
ASX announcements today
View attachment 100785
"Half Year Results Commentary" (uploaded below)
Results highlights for the half year ended 31 December 2019 (NZ$)1,2,3
• Total revenue of $806.7 million, an increase of 31.6%
• EBITDA4 of $263.2 million, an increase of 20.5%
• Net profit after tax of $184.9 million, an increase of 21.1%
• Basic earnings per share (EPS) of 25.15 cents, an increase of 20.6%
• EBITDA to sales margin of 32.6%, better than expected
• Operating cash flow of $160.6 million and a closing cash balance of $618.4 million
• Marketing investment of $84.1 million targeting opportunities in China and the USA
• Group infant nutrition revenue of $659.2 million, up 33.1%
• Strong growth in China label infant nutrition, with sales doubling to $146.7 million and distribution expanded to 18,300 stores
• USA milk revenue more than doubled and distribution expanded to 17,500 stores
Outlook FY20
Mr Eisen appears confident the company is well-positioned to exceed its medium term growth targets.
He said: “We are now focused on exceeding our mid-term underlying sales target of over $20b by FY22 and we are aiming to reach 9.5 million active customers by the end of this financial year.”
Though, this will come at a cost. He explained: “While this will impact Group profitability in the short term, we expect to achieve higher profitability in each market as they mature over time, in-line with our ANZ experience.”
“We believe we have the right strategy, the right people and the right business model to continue our momentum and deliver long term value for our shareholders,” he concluded.
Given the COVID-19 situation, A2M are assessing the level of discretionary marketing investment and trade marketing activation that can be effectively deployed in China for the remainder of the fiscal year.
580
Share price now up 2.36%
Given that they turned over $5 billion and what is their take 3%?, how come the loss, I'm not following them but that seems like a lot of income for a loss.Currently up 3% today ….
I'm no fundamentalist, and I know the Company is positioning itself for growth …. but ….
Given they turned over almost $5 billion in the Half Year, and still lost $31 million … and ...
Their Balance sheet is predominantly made up of recent Cap Raising efforts.
Is there any cause for concern that they are biting off too much too quickly?
View attachment 100792
Very happy.
Well done Knobby. You're a better investor than I am!Yes, I sold mine 3 weeks ago with most shares.
Yes, I sold mine 3 weeks ago
Nope
Their customers and merchants are increasing greatly, this cost money to sign up, set up the systems etc.
Their losses are reducing. They are now profitable in Australia. The US customers are now more than the ANZ customers. All metrics are improving.
Once they stabilise the profits will be large but first they need to grow for a couple more years.
Very happy.
Funny that Guys, Knobby was still cheering on the APT story on the 27th of this month as can be seen from the earlier comments while he sold out ha ?
All good Knobby22, it wasn't meant to specifically target you. Apologies if it came across as such, it's just that posters say they bought at the bottom or sold out near the top without proof.Yea, fair call.
It was one of the last, must have waited for announcement. Apologies I didn't post my sell next day after saying good things about the company.
Upload contract.
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