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APT - Afterpay Limited

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

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.

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.
Click to expand...

- until it isn't. Crowded sector. Affirm soon to set up in Australia.
 
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.
 
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.?
 
The AFR leans into Week 3 of Reporting Season with the poser:

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...
Click to expand...
 
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?
 
LOL! No doubt retail investors will fill the APT buckets so the cycle of capital destruction can continue.
 
Z1P dropped about a dollar this morning. I suspect somewhat based on APT's report.
 
@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.
 
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.
 
It's a lot more than under 100 now:



Kinda thinking about a top up tbh.
 
APT & Z1P both right on support levels now:

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



Anyone else still holding?
 
over9k said:
Grabbed some at 93 on the climbout for a cheeky day trade today:

View attachment 123897

Anyone else still holding?
Click to expand...
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.
 
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