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issue here is competition and low barrier entry
a few retailers start offering themselves BNPL
Paypal also came in
''For most people buy now, pay later is a really useful addition to their payment options. One of the key reasons for its popularity is that it allows you to try things before you pay for them. If you don’t like something you can return it and cancel the agreement before any payment has been taken.
It allows you to spread the cost of larger purchases — at no charge — without the longer-term commitment of taking out a credit card, and it could be seen as responsible borrowing because you are not taking out any more credit than you need.
..buy now, pay later looks nothing like the payday loan sector, which charged very high interest rates and layered fees on top of fees when borrowers fell into difficulty.
... my guess is that it will soon become an accepted and valued tool that millions of consumers use each year. ''
https://www.thetimes.co.uk/article/we-should-all-calm-down-about-buy-now-pay-later-dhd7krz29
afterpay on sky news now
Klarna had successful fundraise as well
Afterpay climbing back up...$A 103 today
Latest SP forecast for next 12 months is an SP of 119.859p
https://twitter.com/surprised_trade/status/1400099574409277440
sp suffered on the recent global tech pull back, business is growing and a potential Nasdaq listing for AP, potential early buy out for Clearpay stake on cards too....
Afterpay upgraded to an ‘outperform’ rating and issued a new price target A$120+,
today AP price A$95 providing a greater value gap for #TSL
Simon thompson also seems to think an early buyout will happen
There is still the possibility that Afterpay buyout Thinksmarts minority interest in Clearpay prior to the August 2023 call option. With Clearpay being one of the fastest-growing BNPL companies in Europe, the longer Afterpay wait the more valuable Thinksmarts interest in Clearpay becomes. BNPL companies have now diversified away from clothing into other sectors e.g. furniture and flight tickets. I struggle to see the BNPL model slowing down over the next few years and believe the probability of a buyout is high.
Monkey, the call option that Afterpay have on Thinksmarts Clearpay stake isn't exercisable until August 2023. In 2024 it also becomes a put option fyi
imo the stock is just treading water right now so it's not exciting for those looking for a short term return. I'm sure ST will probably do another post soon as we'll be up again. Overly undervalued and if it keeps drifting down then will be a great opportunity to enlarge my holding dyor
The share price seems to be in a slow decline after a brief plateau, and I'm really unsure why? The discount to the NAV is getting bigger and bigger, but their seems to be very few buys. Are we missing something?
Also, I expect Afterpay to purchase the remainder of the 10% Clearpay stake by early next year (as revenue from clearpay is increasingly growing), which further signals to me a huge buying opportunity.
https://www.entrepreneur.com/article/372632 - May 21st
Afterpay stocks have also been struggling recently in the wake of broader market volatility. But the company rebounded strongly on Thursday’s trading. This came after a positive commentary from Macquarie. In particular, the bank has upgraded Afterpay to an ‘outperform’ rating and issued a new price target.
Fool.au
Macquarie has come out with a bold upgrade for the Afterpay share price, retaining a $120 target price and outperform rating
https://twitter.com/surprised_trade/status/1395270485001318400
AP now A$93
https://twitter.com/surprised_trade/status/1395075603783692297
Kinderhook increased holding up to 8% during the recent drop.....
Okay thank you for that!
All markets are down due to inflation worries. Increasing inflation tends to impact 'growth' stocks the most (technology being one of the main sectors that are exposed). This is what contributed to the recent decline in Afterpay and Thinksmart's share price.
Can anyone explain why the share price decreases despite there being more buys than sells?
Afterpay Reports Record Sales in Q3 2021
underlying sales are up 123% from a year ago
Strong operating performance in Q3 FY21 across all regions with underlying sales up 104% on the prior corresponding period (pcp).
Quarterly performance on a constant currency basis was 123% higher than Q3 FY20.
Q3 FY21 underlying sales in the United States (US) and United Kingdom (UK) were up 211% and 277% respectively on Q3 FY20 on a local currency basis.
Based on Q3 FY21 performance, North America4 (NA) is now the largest contributor to underlying sales and outperformed the seasonally strong Q2 FY21 on a local currency basis.
March 2021 exceeded December 2020 and delivered the second highest monthly underlying sales ever recorded, with the US becoming the first region to record more than $1b in underlying sales in a single month.
Active5 customers globally increased by 75% to 14.6m (up from 8.4m in Q3 FY20), with NA and the UK reaching 9.3m and 1.8m active customers respectively.
Customer acquisition has continued to gain momentum in April, with a ~6% increase in the daily average number of new customers in the month to date (April) compared to the Q3 FY21 average.
Active3 merchants increased by 77% to 85.8k (up from 48.4k in Q3 FY20), with a number of major enterprise retailers launching across all regions during the period.
https://www.prnewswire.com/news-releases/afterpay-reports-record-sales-in-q3-2021-301272314.html
Exploring options for a potential US Listing
Afterpay is currently working with external advisors to explore options for a US listing given the US market is now the largest contributor to our business and is expected to continue to grow strongly.
While Afterpay intends to remain an Australian headquartered company, our shareholder base is increasingly becoming more globally focused. A US listing would further accommodate this growing interest.
There is no timeline set for a Board decision on a US listing and any listing would be subject to market conditions, approval by a US exchange and satisfying a number of other customary listing prerequisites.
Economic Impact Report
New research by Accenture has revealed the economic impact of Afterpay on the Australian economy including job creation, driving additional business for retailers, supporting the local fashion industry, and helping consumers to avoid credit card fees.
$6b in incremental sales for retailers and more than $3b in net benefits for 48,000 Afterpay merchants in Australia, including 38,000 small and medium-sized businesses.
$1.7b in sales for small and medium business owners, of which $1.3b were incremental.
$510m in sales for regional businesses.
63,000 jobs, direct and indirect, supported by Afterpay.
$110m in savings for consumers when compared to credit card interest and fees.
https://www.pymnts.com/buy-now-pay-later/2021/container-store-teams-with-afterpay-to-offer-buy-now-pay-later-payments/
Container Store Teams With Afterpay To Offer Buy Now Pay Later Payments
In a recent Afterpay survey, its customers said they would like to see participating merchants in the category of home and decor items, aside from fashion and beauty retailers.
“We know that consumers are using Afterpay for everything they want and need in their daily lives, and The Container Store is the perfect addition to our family of merchants,” said Melissa Davis, head of North America at Afterpay.
The Container Store is a specialty retailer of storage and organization products and solutions, as well as custom closets. AfterPay was founded in 2014 and is headquartered in Melbourne, Victoria, Australia. It offers BNPL options across Australia, the U.S., Canada, New Zealand, and the U.K., France, Italy and Spain, where it is known as Clearpay.
Do you think the huge sell at the end contributed to the decline, over the past two months, from 85ish to 50?
Lesson for you - time in the market better than timing the market. Back your convictions and only sell if the story changes. Nothing changed here - the discount to NAV only got even more ridiculous!
I thought I was being clever selling out. Thought the Afterpay price would continue to tank. How wrong was I! Now I need to buy back into my best performing share knowing I'm a few grand worse off!