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APT, AFTERPAY HOLDINGS LIMITED
nipper
post Posted: Feb 12 2019, 02:19 PM
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Posts: 5,214
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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



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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 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

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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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Posts: 5,415
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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
 
blacksheep
post Posted: Jan 18 2019, 02:52 PM
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Posts: 5,415
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In Reply To: triage's post @ Jan 18 2019, 02:26 PM

Yes, I read that too - I think I posted it a while back, but here it is again - see link for full details

Afterpay's late fees make up 24pc of its income; ASIC recommends buy now, pay later law reform

QUOTE
The digital payment app Afterpay, popular amongst millennials, is facing criticisms that it causes "financial stress" for vulnerable consumers.

The money it earns from late fees surged 365 per cent to $28.4 million, according to its latest annual report, released on Thursday.

It is significantly higher than its $6 million worth of late fees from the 2016-17 financial year.


QUOTE
"Some providers extends funds without charging fees or interest and as such do not meet the definition of 'credit' under the code," ASIC wrote.

Afterpay is likely to fall into that category given it is a free service for its users who pay on time.

In addition, the company charges a flat fee, instead of an interest rate, for customers who miss their payments.

The company imposes a $10 penalty for shoppers who miss the first fortnight repayment, then a further $7 late fee if that instalment remains outstanding after one week.

Customer who miss all four instalments are subject to a total late fee of $68 per transaction.

The Consumer Action Law Centre has doubts that Afterpay conducts thorough responsible lending checks as it approves customers' purchases "instantly" — a promise which features prominently on its promotional materials.

Ms Temple said: "Afterpay doesn't consider itself subject to our national credit laws because it doesn't technically 'charge' consumers, although late fees are applied."

https://www.abc.net.au/news/2018-08-24/afte...credit/10156902





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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

Said 'Thanks' for this post: triage  
 


triage
post Posted: Jan 18 2019, 02:26 PM
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In Reply To: blacksheep's post @ Jan 18 2019, 11:19 AM

I read somewhere that about a quarter of this company's revenue comes from penalties for late payments and that it gets around being under the regulator's watch by not charging interest as such. I dunno, maybe it's another disrupter like Uber (was allowed to be), but I'm fairly confident there will be heavy lobbying for a "level playing field" for providers of consumer credit to include Afterpay.




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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  
 
blacksheep
post Posted: Jan 18 2019, 11:19 AM
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In Reply To: blacksheep's post @ Jan 14 2019, 09:08 PM

SP up 11.92% @ $15.92 on this mornings trading update

https://www.asx.com.au/asxpdf/20190118/pdf/...ybcys5fpzkj.pdf
Short positions as at 11 January 2019 = 6.42%
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
 
blacksheep
post Posted: Jan 14 2019, 09:08 PM
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Posts: 5,415
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Credit cards at record low as buyers flock to Afterpay
By Misa Han
Updated 14 Jan 2019 — 5:23 PM,
QUOTE
Another contributing factor was the rise of buy now, pay later products like Afterpay, he said, with more consumers using Afterpay as an alternative way to immediately access goods and services without having to pay for them upfront.

"The amount of retailers offering Afterpay seems to have exploded in recent times, so I think there is a recognition by retailers that if you don't offer Afterpay, then you're potentially cutting yourselves out of a certain cohort of society who for whatever reason have moved away from credit cards," he said.


read more - https://www.afr.com/business/banking-and-fi...20190114-h1a1m6



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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 14 2019, 08:13 PM
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Posts: 5,415
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Afterpay hits back at banks, consumer groups
QUOTE
Afterpay has fired back at its competitors amid an escalating dispute with the big banks over looming regulations on the "buy now, pay later" industry.

The sector has boomed on the back of falling credit card use, banks tightening up their lending in the wake of the royal commission and the proliferation of "buy now, pay later" platforms across thousands of retail stores, including David Jones, Officeworks and Country Road.

The rapid expansion has prompted the Australian Banking Association to launch a campaign against its financial services competitors, urging policymakers at a forthcoming Senate inquiry to bring them under the same regulations as the big banks.

read more - https://www.theage.com.au/politics/federal/...114-p50r9e.html
total short positions as at 8 January 2019 = 6.65%
https://www.shortman.com.au/stock?q=apt




--------------------
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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