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Afterpay up over 4 per cent today.....mkt cap of 15 billion dollars.
Too low imo. Still...60p gives me 250 per cent so not to be sniffed at. Quiet board here but everytime I look the price has gone up.
After today's update Simon Thompson in IC has sum-of-the-parts value @ 78p and now has a target price of 63p
Patiently waiting on SP "melt up"
As always,
DYOR
So up ten per cent as the new 1.45 million new cash and settlement taken into account. Nothing compared to the soaring value of the Afterpay/ Clearpay stake.
40p this week.....still a pittance of the true value.
From 27 July....
In a recent financial update, Afterpay said the June quarter reflected its best-ever sales results, due to "the accelerating shift to e-commerce spending since the impacts of COVID-19 emerged globally".
The company recorded $3.8 billion dollars worth of underlying sales in the fourth quarter of 2020, an increase of 127 per cent when compared to the same period last year.
Meanwhile, the U.S. had the best growth out of all of the territories Afterpay is available in, with sales increasing by 299 per cent in Q4, compared to the same period in FY19.
Afterpay is already operating in Australia, New Zealand, the U.S. and the U.K, with 9.9 million customers across those regions. But it'll use some of the funds from its recent equity raise to launch into the Canadian market, with the move expected to occur in the first quarter of FY21.
The money will also be used to expand its existing customer base by rolling out in-store payment options, which the company has essentially done with its new agreement with Apple and Google.
Under the deal, which was announced in July, Afterpay will be available to use online and in-store via the two tech giants mobile wallets, Google Pay and Apple Pay.
It's a strong sign that Afterpay could remain the leader in the buy now, pay later market.
Yes..most business gone albeit for a decent payout. I doubt the legal costs will exceed 100K because the matter did not get to Court. So they have a few bit and pieces left and ever growing cash. Afterpay is valued at around 14 billion dollars and I think the NAV here will be estimated at between 70 to 100 pence per share. Maybe a lot higher on the amazing run of Afterpay. I suspect the company will pay out a huge dividend on final settlement of the ten per cent Clearpay and will continue...or the directors may just decide to liquidate and pay out the lot. If the latter then 150 to 300 pence in cash is my guess. although not known when. Afterpay is booming and could easily get bought out by one of the big US techs that currently have obscene amounts of cash. It is up 10 fold from the lows
Likewise and the legal costs are unqualified.
Likewise and the legal costs are unqualified.
Can't quite get my head around it. Is it good and bad? ie they have won £1.45 million but lost a major source of income as part of agreement of the settlemnt?