Morning trading August 3, page-364

Hi@Schpips,

APT - Still shorting.

What you have stated are very good counter argument to my thoughts.

I'm attacking from a valuation, a pre annual results and competition perspective:

1. AfterPay traditionally gets sold off before annual results (Late August).
2. Klarna outperforming APT.
3. UK APT performance not that strong.
4. Australian and New Zealand offering smaller growth now.($6.6 billion in sales is only 38 basis points of ANZ electronic transactions).
5. PayPal is doing incredibly well (accepted by 79% of top merchants in USA, added 3 million users to end of March).
6. Waiting for Amazon to do its own BNPL.

Above is not financial advice and my opinion only.