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APT, AFTERPAY HOLDINGS LIMITED
blacksheep
post Posted: Yesterday, 07:54 PM
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In Reply To: triage's post @ Yesterday, 09:55 AM

QUOTE
Parliament is investigating whether MPs and their staff are in "contempt of the Senate" after shares in buy-now pay-later companies including Afterpay plunged following the internal circulation of a draft report.

The draft findings of an inquiry into the sector, which could recommend tougher credit regulations on the booming industry, were shared among six committee members at 7.30pm on Tuesday.

As many as 58 staff in senators' offices could also have accessed the report, which is due to be released on Friday.

https://www.smh.com.au/politics/federal/1-3...221-p50zbu.html

In the first instance perhaps they should look on the pecuniary interests register to see who has declared owning APT shares rolleyes.gif



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
triage
post Posted: Yesterday, 09:55 AM
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In Reply To: blacksheep's post @ Feb 20 2019, 09:57 PM

11:15 am is pretty much the same time that bank share prices took off on the day the banking rc was released. Looks like the trading desks start their day at 11:00.



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"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog

Said 'Thanks' for this post: blacksheep  
 
balance
post Posted: Yesterday, 09:48 AM
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In Reply To: blacksheep's post @ Feb 20 2019, 09:57 PM

Breaking news...James Shipton, head of ASIC last seen in Aldi looking for fresh lettuce leaves for the impending floggings.



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Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.

Said 'Thanks' for this post: blacksheep  
 
blacksheep
post Posted: Feb 20 2019, 09:57 PM
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In Reply To: blacksheep's post @ Feb 20 2019, 06:54 PM

Leak anyone? Article appearing in SMH

ASIC to examine Afterpay share plunge
QUOTE
The Australian Securities and Investments Commission has begun inquiries into the sharp share price drops of Afterpay, Zip pay and FlexiGroup on Wednesday morning, a day before a Senate inquiry into the buy-now-pay later sector is due to hand down its final report.

Committee chair Jane Hume said a draft report was circulated to Senators involved in the committee at 7:30pm on Tuesday night.

Shares fell in the financial services providers an hour after the market opened on Wednesday, with Afterpay falling by 11 per cent in 25 minutes between 11:15am and 11:40am.

https://www.smh.com.au/politics/federal/asi...220-p50z5x.html



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 20 2019, 06:54 PM
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In Reply To: blacksheep's post @ Jan 23 2019, 01:33 PM

A reminder about the upcoming report recommendations on Friday - by looks of things, some forgot about it rolleyes.gif

QUOTE
The mystery of Afterpay Touch's sudden drop this morning has been solved - the company was calling analysts to let them know they are ready for whatever recommendations are in the report expected on Friday from the Senate Economics References Committee's inquiry into the Credit and financial services targeted at Australians at risk of financial hardship.

However, this just reminded the analysts that the report is coming up. (There has been a fair bit going on among banks and lenders lately and the report may have slipped their minds.)

Afterpay Touch shares fell from $19 to $17 within 20 minutes at about 11.15am. They have ended the day slightly higher at $17.42.

As one analyst tells us, today's drop will soften the blow if there is adverse recommendations on Friday.


Total short positions @ 14th February, 2019 = 5.24%
https://www.shortman.com.au/stock?q=apt
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Feb 12 2019, 02:19 PM
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Noticed Target offering Afterpay

🎯



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


blacksheep
post Posted: Jan 24 2019, 10:18 AM
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In Reply To: blacksheep's post @ Jan 23 2019, 01:33 PM

Afterpay accessing electoral roll data under laws designed to target terrorism, money laundering
QUOTE
The confidential electoral roll data of more than 16 million Australians is being used by buy now, pay later providers, debt collectors, betting agencies and marketing firms to identify individual consumers.

The Age and Sydney Morning Herald can reveal data obtained by debt-collectors and data marketing firm Illion, formerly known as Dun & Bradstreet, is used by $4 billion stock market darling Afterpay and other providers to match identities to addresses as it processes customers at thousands of suburban shops including David Jones, Officeworks and Nike.


QUOTE
Electoral data contains the most accurate information on the addresses and identities of Australians and is used by the Australian Federal Police, Australian Securities and Investments Commission and the Director of Public Prosecutions to track offenders and suspects.

read more - https://www.smh.com.au/politics/federal/aft...122-p50sw4.html

Glad I 'm not an Afterpay customer



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 23 2019, 01:33 PM
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Senate grills Afterpay, Zip after accusations they are leading young people into debt
PM By Sarah Whyte and Michael Janda
Posted about an hour ago
extract
QUOTE
Afterpay v Zip in buy now, pay later wars
However, Zip has a potential advantage over Afterpay in the buy now, pay later wars — it told the committee it conducts far more extensive conventional credit checks on new users than its rival does.

Zip co-founder Peter Gray said his company used an algorithm to do ID and data checks on applicants before they were approved to use the service, including three months' worth of bank statements to assess their financial positions.

When asked what credit checks Afterpay does, Anthony Eisen, another co-founder of the company, gave a non-specific answer, offering to provide the committee members with more detail in a written document, as the details were "quite sensitive information".

"Our checks revolve around three core areas: One is identity and fraud, the other is merchant risk and product risk, and thirdly, it's around repayment capability," he said.

Mr Eisen added that around 30 per cent of attempted transactions are rejected and up to 50 per cent for first-time customers.

"If, as a customer with Afterpay, you miss one single payment your account is immediately suspended," he said.

"You cannot pay us a fee to kick the can down the road and pay in the future, you are very simply off the system, and there's no exceptions."

Despite this, 22 per cent of Afterpay customers have paid late fees at some point while using the service.

Labor senator Jenny McAllister questioned whether that was an indication many people were getting credit they should not be.

Mr Molnar responded that only 5 per cent of transactions conducted last financial year incurred a late payment fee.


read more - https://www.abc.net.au/news/2019-01-23/afte...-janda/10737708
Total short positions as at 17 January 2019 = 6.13%
https://www.shortman.com.au/stock?q=apt
SP currently down 0.79% @ $15.13
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 21 2019, 11:46 AM
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In Reply To: blacksheep's post @ Jan 18 2019, 02:58 PM

Notable short alert for Friday 18 January 2019. Total short positions as at 14 January 2019 = 6.20%. SP down currently 1.8% @ $15.81.

QUOTE
Fri 18th Jan, 2019 1,224,760 234,292,589 0.52% 7,247,455 16.90%


Interesting to read in this mornings AFR Phil King from Regal Funds Management suggest Zip Co was better value than APT - he wouldn't be short APT by any chance biggrin.gif ? Meanwhile, Z1P is up 1.75% @ $1.16

QUOTE
Afterpay buy now pay later rival Zip favoured by investor Philip King of Regal
Regal Funds Management chief investment officer Philip King describes Zip as a "high-growth company that is in the sweet spot of moving from start-up losses to very high earnings growth". Regal holds 6.4 per cent of Zip's shares, which makes it the third largest shareholder after the company's co-founder and chief executive Larry Diamond and Westpac.

The renowned fund manager used to own Afterpay, but now prefers Zip on valuation grounds.

https://www.afr.com/business/banking-and-fi...20190108-h19ubp
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 18 2019, 02:58 PM
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In Reply To: blacksheep's post @ Jan 18 2019, 11:19 AM

Just a small typo lmaosmiley.gif - This represents an increase of 140%, not 240%.

QUOTE
Business Developments – Updated Version
Afterpay Touch Group Limited (ASX: APT) (“Afterpay” or “Company”) today lodged an ASX
Announcement – Business Developments which contained a typographical error on page 1. The
Announcement correctly stated that underlying sales in 1H FY19 was over $2.2 billion, up from $918
million in 1H FY18. This represents an increase of 140%, not 240%.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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