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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
Interestingly APT share price back to where it was at financial year end ie 118 Aud (down from peak in Feb of 160 Aud) and so the 110p per share value is current. At 75p mid, this gives +47% upside to TSL but importantly this is "as is" and not a forward tgt guidance. The UK performance was the star within the group in terms of dynamics ( not total nos of sales /active customers as a relative small part of the total APT market) and so expect further good news with the 3rd Q figures to end March. Unfortunately as now an Asx 30 constituent, APT seems to have become Nasdaq proxy
TB
Thankyou, very thought provoking
Hopefully more insight with TSL results on Thursday
I shall also be looking out at Companies House for ClearPay Finance Ltd (Co no 05198026.) accounts to 30/6/20 to see what can be gleaned. They were published last time on 24/6/20. There was a loan from APT of £25m which increased to £50m in Dec 2019 and paid interest at 3.75%. I'm expecting much more detail in them for 2020
Ps
APT could have a turbulent day on Monday following the selloff on Friday
I will be adding TSL if so
From memory APT active customer nos were 13.1m cf 13.4m that some of the more adventurous analysts were forecasting. However, UK was 1.6m up from 1m in Nov and the star performer.
The two CEO sold 0.25% of their holdings for a charity foundation AND the APT share price is now back to where it was in MID Jan
Looking forward to the TSL half year report on Thursday and the APT 3rd 1/4 update in about 5 weeks time
Read through valuation (despite Sterling strength) is 112p