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APT - Afterpay Limited

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lusk said:
If they were so weary they would be paying with cash up front.
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My nieces are in it.
One is a trainee doctor, another a nurse, the third working for a fashion chain,
they have no debt, no credit card, some savings and they use Afterpay to balance their budget (as they all live away from home). Millennials are smart.
After pay is a free service for them.
 
galumay said:
The amazing thing is the co-founders comment was made without any sense of the irony.
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The amazing thing is that you can't understand it despite the long explanations.

I am a fundamental investor not a trader.
Fundamental investing means understanding the business, working out cash flow, working out future profits and making estimates based on this. The Australian business is now profitable, the USA business will be in the medium term once growth slows. The UK is the next stage.

Think about it, they get nearly 4% for each transaction, they get it paid back over 8 weeks but in effect they get half of it back after 4. With two halves they can relend and make another 4%. Over a year they will make nearly 50% on the same amount of money. The bad debt is dropping as the system weeds out the slow and non payers.

Do some fundamental research. You have been sniping all the way up and completely missed out.
 
Knobby22 said:
The amazing thing is that you can't understand it despite the long explanations.
Click to expand...

Well I guess it doesn't matter, if he doesn't get the irony, and the people buying the narrative dont get the irony either!

Knobby22 said:
Do some fundamental research. You have been sniping all the way up and completely missed out.
Click to expand...

Knobby22, i know you are usually a fundamental investor, and I respect your opinions.

I think you know that based on fundamental research APT is massively over priced, now its possible at some point in the future it can justify those multiples, but it certainly doesnt now. You can buy the narrative and hype - and thats fine, but dont pretend its fundamental investing.

As I am sure you also know its a very dangerous mindset for an investor to get caught up in confirmation bias, and a sure sign of that is when you start using insults to describe those who have a different thesis to you - so calling the view that AFT is overpriced and over hyped 'sniping' is a warning sign.

Also think about the hidden biases behind the gloat of a comment like "you....completely missed out" - No investor should think like that, just as no investor should be jealous of paper or real profits others may have. I haven't missed out because it was never going to be an investible business for me, I consider it to be an unethical business model and I cant see the value, and thats fine, there are thousands of opportunities and there will be ones within my circle of competence for me to take a position in.

I hope all those who have money in AFT get to make great returns at some point, I certainly dont wish ill of someone just because they invest in something I dont!
 
You make comments without any evidence galumay. You have been sniping and actually been called rude by another investor.
Why is it overpriced? Also why are the banks clueless (from an earlier comment) when they lent the money to Afterpay?

It is fundamental investing. Fundamental investing is not only looking at long established companies and doing ratios on them. That's pretty low level stuff.

Of the companies I own shares in I'm sure you could price Cleanaway. CSL Credit Corp BFG (Bell Financial group) and DGR Global but probably not A2 milk, Mesoblast, MVP, Polynovo and Star Pharma (which I also own). Sure it's speculating but that does not make it fundamental investing.

If the figures for Afterpay next half year show that more defaults are occurring more than advised by the company then I will have been wrong and will sell. But I am estimating millions of dollars of transactions earning hopefully 20% a year after costs on each dollar. In that case Afterpay is cheap.
 
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It's sometimes best that we agree to disagree.

APT is in a clear uptrend, sometimes the markets may seem irrational or we feel that the price is too high or the stock is overvalued based on fundamentals and only to see the stock price go up continually.

The market is king and if demand (buyers) continue to to outweigh supply (sellers) the stock price will keep going up irrespective of price, P/E ratio and fundamentals.

I will continue to hold until the trend changes.
 
I've never owned this stock but it is on my watch list. Buy to ride the trend and/or hope for a takeover but don't buy on fundamentals!
 
Reported at the Macquarie Australia investment conference in Sydney on Tuesday April 30

Afterpay to adopt ClearPay name for UK launch
By Colin Kruger
May 1, 2019 — 12.00am

https://www.smh.com.au/business/com...arpay-name-for-uk-launch-20190430-p51iix.html

Afterpay has turned its focus to the imminent launch of its buy now, pay later business in the UK where it will use the name of the business it acquired last year: Clearpay.

"We will be using the same logo, we will be using the same tech, one of the reasons why we’ve done that is that there's a number of issues that we need to deal with, and the quickest way for us to get into market was to actually use the ClearPay name," said Afterpay executive director David Hancock at the Macquarie Australia investment conference in Sydney on Tuesday.

According to figures cited by Afterpay, the UK market is worth $720 billion, with $130 billion of this online. By comparison, the Australian market is $320 billion with online worth just $30 billion.

“The UK is a really good opportunity for us to work with very large global brands,” Mr Hancock said.

In Australia, Afterpay accounts for 10 per cent of online sales, and about one in every four Millennials in Australia use the platform. This now gives the company a very influential role in the retail market in engaging its customers on behalf of retailers.

"We are the largest referrer outside of Google for leads," Mr Hancock said. "So many of our retailers really want to be on the platform because they are generating new leads for new customers."

This includes David Jones which has worked with Afterpay to increase its engagement with users which are expanding from its Millennial user base to include a growing number of 37 to 55-year-olds.

"Whilst we are a Millennial-focused company, we are seeing a halo effect of that pushing into other cohorts," said Mr Hancock.

Speaking of US competition, Mr Hancock said its product offering remains unique and "we don't see anyone as a direct competitor" to its service.

Afterpay shares closed 2.6 per cent higher at $25.59 on Tuesday.

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Todays SP very exciting per below:
Check the chart going gang busters

 
I don't really like the fact that aren't using the Afterpay name.
Sure it speeds things up but the name is a real asset.
 
APT directors shareholders are worth a lot of $

Great company

Today's closing SP was $27.300

Anthony Eisen 22,500,574 shares @ $27.30 = $614,265,670
Nicholas Molnar 22,500.000 shares @ $27.30 = $614,250,000
David Hancock 1,845,000 shares @ $27.30 = $50,368,500
 
ASX Ann today
3/05/2019 9:40:56 AM US Receivables Warehouse Facility



Hit all time high of $28.25 today



540
 

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This should greatly support APTs expansion into the US. It's a very good sign.
 
Afterpay is now worth more than AMP:
APT: $6,604 Million
AMP: $6,600 Million
 
Afterpay Touch shares hit another record high.

The Afterpay Touch Group Ltd (ASX: APT) share price climbed 4% to hit an all-time high of $28.70 this morning after the payments company was the subject of a positive broker note out of Ord Minnett. According to the note, the broker believes that its strong growth has continued and has increased its forecasts to reflect this. As a result, it has retained its buy rating and lifted its price target on the company’s shares to $32.30.

Included in my 2019 year tipping comp

 
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