Not meaning to be pessimistic but if there is another crash what do posters feel this little piglet’s intrinsic worth would be.I cannot tell you how pleased I missed these five Island bottoms, Rob. I previously mentioned this over in my KISS thread in the trading journals section. Although right from the start the chart looked more like a trader's toy than a genuine business. It is not a stock I have ever contemplated or watched. It always looked like a high priced pump and dump to me.
I can only imagine how many people must have been caught up as it isn't a rare or unheard of chart pattern. It can only leave a really bad taste in many folk's mouths. What is the saying "fool me once, shame on you, fool me twice shame on me." Fool me five times and I will hate you forever and never forget. That last bit was my make up!
...and the chart of APT I had previously put up on KISS...
View attachment 135323
Zip?Not meaning to be pessimistic but if there is another crash what do posters feel this little piglet’s intrinsic worth would be.
Sorry to confuse folks Kevin, I meant, I was on my Wespac trading account site and went to APT shareholder section. This is a list of shareholder sales and purchases over a given period for APT, nothing do do with WBC the company. Hope that makes it a bit clearer.I'm guessing here ... but the majority of those share sales and purchases would be reported because of the reduction in WBC's market cap over the
...and this is what I was looking at on the Westpac site under shareholders, I didn't do any close-up and personal investigation in the announcements.
past 6 months, compared to other large stocks, and the resulting daily adjustment inside the ETFs that BlackRock manage.
Not meaning to be pessimistic but if there is another crash what do posters feel this little piglet’s intrinsic worth would be.
Obviously it would bounce and fall off previous support and resistance lines.
gg
...or do you mean Z1P Dona?Zip?
Not meaning to be pessimistic but if there is another crash what do posters feel this little piglet’s intrinsic worth would be.
Obviously it would bounce and fall off previous support and resistance lines.
Zip?
Not meaning to be pessimistic but if there is another crash what do posters feel this little piglet’s intrinsic worth would be?
“Since announcement of the proposed acquisition, Afterpay shares have been trading largely in line with Square’s (Block), since the beginning of 2022, however, the discount gap has widened, in our view reflecting potential risk that the deal would not go ahead due to delays from BoS approval,” said Macquarie analyst Wei Sim. “This has created a short-term opportunity for Afterpay shareholders as the gap between the two should now close as all regulatory approvals have been received.”
Puts would be doing wellYeah so this has been going well lately hasn't it?
APT's now being booted from the ASX200.
Yeah so this has been going well lately hasn't it?
APT's now being booted from the ASX200.
“Block is a lot less relevant for domestic investors, and we’ve seen with other dual listings they can sometimes drop off people’s radar,” said Jun Bei Liu, portfolio manager at Tribeca Investment Partners. “At the same time, the Block business is so different to Afterpay that investors will either take some time to become comfortable with it or will look elsewhere.”
“Like many technology companies of recent years, there has been a big push for revenue growth at the expense of profit,” Mr Hannah said, adding there is a real risk to companies that aren’t generating a profit when markets turn south. “Block currently makes credit card readers that plug into mobiles amongst many other features,” he said. “By purchasing APT, Block is expanding its offering into the finance space by offering alternatives to paying ‘now’. This will no doubt come at a risk of overextending credit in a rising rate environment.”
“A lot of Afterpay investors have faced this challenge because Block is a very different type of business,” she said.
“We’ve made good returns out of APT, but in the current environment we’re happy to lock in our return and look to better investments,” he said.
all true , @waterbottle .I can't see their balance sheet improving... BNPLs peaked during covid lockdown + cheap money + free cash for individuals.
Looks like exec did well to sell when they did
Consumer rights groups in Australia have been blasting their energies attempting to rein in the buy now, pay later industry ... on the basis shoppers are suffering financial stress from companies not subject to usual credit protection laws. On the contrary, the shocking state of buy now, pay later accounts handily surmise one of the largest transfers of wealth (and Miele dishwashers and Fisher & Paykel fridges) from moronic shareholders to penniless consumers in recent memory.
Take Afterpay, for instance. Unlike Zip, Afterpay conducts no credit checks on its customers before extending them, er, credit, of between $600 and $2000. If a customer decides not to make a single repayment on their newly purchased iPhone, the harsh punishment is ... a free iPhone! There are no credit history blacklists, and debt collectors are hardly kneecapping customers. The customer is just prevented from using the service again. And shareholders pay for it!
Well we did say it was a very shaky model when they first started, wish I had jumped on board though. ?
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