Member Info for Dysfunctional

In the last results we were tracking the USA on performance. Last year the APT trading update for the year to 30/6 was made on 7/7 so lets see what is said about UK

See the APT RNS with the USA press release regarding Amazon and tinternet retailers, also the 650k customers signed up in AUS for mastercard in 3 weeks ie can use in store with no BNPL facility....very interesting innovation. Assed 40k shares at the off

Apt now up 11 out of the last 12 days. Todays rise of 2.9% attributed to Paypal increasing their average charges to 4% (Apt 3.8%) so no longer competing on price

Another plus day for APT +$3 +2.7%. Momentum continues

Morgan Stanley tgt APT price is $145

Morgz1
Also APT up 6.5% hence added 40k at the off today

Klarna had successful fundraise as well

I was bored in a car was when I saw the dip and was pleased to top up 20k at under 238p

We have the regulatory report this month which could spook investors as the previous announcement of review did. The key thing is that customers save on interest cf credit cards and proportionately late fees ae small. Credit card issuers are miffed.....so what. Not much to motivate the price until mid July when Apt gives TU on q4 and year to 6.21. UK should continue to outperform as USA. Apt has not only been a slave to Nasdaq but become one to the crashing price of Afrm, down 12% in the last two days. Is a Nasdaq listing still sensible? I am still a large holder but this is not the short term performance cert that it was last year. I agree with Morgan Stanley in that it will be a sector winner in the medium term but it is no longer a trading dead cert for the woke intellectual pygmies. IMHO DYOR

UBS upgraded today to Buy from Neutral. Still a great twa div yield to 18/8

No we are simply the uk
They have a separate co for slow going into Europe

The potential listing due to USA growth grabbed the headline but UK performance in Q3 was equally impressive. UK sales were 9.6% of total. and 25% above prorata H1 (USA +23.8%). Active customers were +12.5% cf H1 (USA +14.8%). Active merchants were +50%. Group active customers +6% since end March. This UK performance was during total lockdown. There is an interesting Economic Impact Report that claims customers have saved $110m in interest and fees compared to using credit cards. I was impressed and have added as the price of TSL has dropped whilst APT has risen this month

And more trades today than RDS

Finncap have not moved their tgt £3.10 in circa a year. Surely 22nd April will bring a substantial update note with reviewed tgt price together with High and low boundaries. I look forward with eager anticipation

Teela
Valid points but I think the disconnect started as the APT price moved down. Apt seems to have become a Nasdaq slave and Apt price depressed due to this and inc competition in Auz markets. In its recent announcement US customers had doubled since 31/12/20........ WOW! On 13th April last year Apt updated in nQ3 to 31/3 (and covid) but so far there has not been an announcement as to when this year AND there was no trading guidance with the half year results. I took this to be due to the USA bond issue. When we receive the up date, I think that it is likely that UK is tracking similar to USA in % terms .
The valuation is as is and like a deep discount bond. I'm happy to wait for maturity.

Pharmacies have just taken delivery of the free badged NHS tests. All the kit the same as the Innova stick it right up the hooter variety. Bar code recorded to individual so record negative test to track and trace if you want a beer in a pub. I do so lesser of two weavils! We need out test to be in the next batches

Having a great 2nd day of Cheltenham so added 20k shares

Agree and have added as well

Reiterating that the UK was the star performer. I have been adding ahead of q3 Apt results which were on 13/4 last year
DYOR

They liquidate and return the cash to shareholders