APT - Afterpay Limited

[over9k]

As I said before, the real ripper has been xero.

 

[Dona Ferentes]

I don't know about 'soars', but certainly APT benefited

Afterpay soars after US rival doubles on Nasdaq debut

Buy now, pay later stocks surged on Thursday after US rival and sector pioneer Affirm jumped 98 per cent in its first day of trading, earning Afterpay's founders a $194 million payday.

 

[Dona Ferentes]

Afterpay soars after US rival doubles on Nasdaq debut

Buy now, pay later stocks surged on Thursday after US rival and sector pioneer Affirm jumped 98 per cent in its first day of trading, earning Afterpay's founders a $194 million pay day.

www.afr.com

Morgan Stanley, which acted as a lead underwriter on the Affirm IPO, hiking its price target on [AfterPay] from $120 to $136 per share.

"In our view, Afterpay is well placed to become a global [buy now, pay later] platform, given its relevance in several geographies, high repeat customer usage and best in class sales referral generation for merchants," Morgan Stanley analyst Andrei Stadnik wrote to clients on Wednesday.
"We think Afterpay can continue to build out its global platform in 2021 and deliver a 60 per cent, three-year revenue [compound annual growth rate], despite facing tougher growth competition."

Mr Stadnik noted that Afterpay is "pivoting to profitability" as it prepares to launch in the European and Asian markets, with estimated revenue increases of between 2 per cent and 6 per cent by fiscal 2023.

"Valuation seems challenging, but reasonable in the context of global platform building payments peers," he added.

- until it isn't. Crowded sector. Affirm soon to set up in Australia.

 

[over9k]

I hate to be that guy, but an awful lot of studies (bleuch) have shown that first mover advantage is the most important of all.

I know that this is kind of a homogenous product, but so are credit cards, and they all make tons of money.

 

[galumay]

I hope people remember what these idiot brokers said when the BNPL bubble pops. It should really result in criminal charges.

"Valuation seems challenging, but reasonable in the context of global platform building payments peers," he added."

I guess the other side of the coin is anyone naive enough to swallow this gibberish deserves everything coming to them.

 

[sptrawler]

I hope people remember what these idiot brokers said when the BNPL bubble pops. It should really result in criminal charges.

"Valuation seems challenging, but reasonable in the context of global platform building payments peers," he added."

I guess the other side of the coin is anyone naive enough to swallow this gibberish deserves everything coming to them.

Well one would think eventualy people run out of money, spending four weeks ahead, I wonder who underwrites all this?
But hey when you guys started the competition and they were 8 bucks, I said to the missus, how about we buy a thousand, she said dont be an idiot.
So I didnt.?

 

[Dona Ferentes]

The AFR leans into Week 3 of Reporting Season with the poser:

The ASX is facing one of its biggest reporting season tests this week, with some of the market’s most highly valued companies set to reveal results, including buy now, pay later darling Afterpay. Afterpay is the highlight in a week stuffed full of companies where investors are anxious to understand the exact fallout from the COVID-19 pandemic...

and the interest will be high, as every hopeful Payments platform and fintech that has run up recently, comes out with a response to ASX Query #3 (Is there any other explanation that [the company] may have for the recent trading in its securities? ) along the lines of:

...[The Company] notes that the Payments and Fintech sectors globally have seen significant growth and re-rating by markets, in particular as a result of COVID-19 and the rapid digital transformation of payments and financial services...

 

[greggles]

H1 FY21 Results are in:

Total income up 89% but operating loss widens to $76.5 million. APT is currently in a trading halt until Monday as they will be issuing convertible notes to raise more capital.

The big question is what will the market do on Monday?

 

[galumay]

LOL! No doubt retail investors will fill the APT buckets so the cycle of capital destruction can continue.

 

[Austwide]

Z1P dropped about a dollar this morning. I suspect somewhat based on APT's report.

 

[Dona Ferentes]

and another ominous chart, perhaps, @finicky ..... AfterPay could, might well break $100?

 

[finicky]

@Dona Ferentes
Could easily by looks. Another I'd be watching not buying if interested. Does seem to be a sector pattern happening. I'll be interested to follow MP1, slim possibilty but might be a buyer of that, need something else to come in.

 

[over9k]

I sold some today so it will now go up

 

[beejeboi]

Following the move of Afterpay to the US markets i can see big things coming. This article says it well. Theres just a lot more money in the US. Big things are coming

Afterpay’s (APT.ASX) Biggest Stock Price Catalyst Yet. - Prophet Invest | Investing and Wealth

Afterpay has its eyes set on the USA. The Revolutionary Buy-Now Pay-later (BNPL) company Afterpay is considering listing on the US stock market. In what is

prophet-invest.com

 

[over9k]

Yes afterpay's been a pretty wild ride but still a lot calmer than Z1P that's for sure:

Kind of amazing how they've both ended up in almost the same place despite the insanity of the movements over the last year.

 

[Dona Ferentes]

And under $100 a share

 

[over9k]

It's a lot more than under 100 now:

Kinda thinking about a top up tbh.

 

[over9k]

APT & Z1P both right on support levels now:

 

[over9k]

Grabbed some at 93 on the climbout for a cheeky day trade today:

Anyone else still holding?

 

[bsnews]

Grabbed some at 93 on the climbout for a cheeky day trade today:

View attachment 123897

Anyone else still holding?

I am not in the APT cheer squad, being the first one in has helped it go big but I don't like the sums and how it has to generate income. The model looks like it will come under a lot of pressure as time moves on and still no sign of profit.
ZIP I just buy whenever it goes below $6.50 with whatever funds I have. I like how Zip clips the ticket not only on the sale but on fees as well and my call is that ZIP will become the market leader in time buts that just my musings
Tyro I also like as from my dealings the business is well ran and fills the niche need for a growing list of retailers. Yes I know first hand about the outage but it was handled as well as could be. i have no shares in Tyro ATM.