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zhinanzhen0818

204 Posts.

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27/08/20

16:35

Post #: 46873688
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Originally posted by brokeasfun: ↑

My fellow bears... I am beaten by today's results and going to cut off my losses to the tune of $10k. It should have never gotten there.

22m loss is miniscule compared to revenue and in line with most other traditional companies who increase their sales first - only that this one looks to turn profit in next 1-2 years in worse case.
Is it overvalued? Yes, or maybe Z1P is undervalued.For now, it is a race to grab territory like Monopoly.
Having said that, it's all going to go up next year and the year after. Especially once the vaccine is here. Afterpay might even release a BNPL card same as a credit card. Who knows.
The biggest threat is lending regulations. However, it is not going to kill the company or the industry. Afterpay and others would have diversified to other markets to soften the blow. And maybe shrink their profit to toe the line and maintain the offering and USP. Unlike Credit Cards with $20k limits, the exposure per customer is low and you can't withdraw cash from an ATM.
Also, take Uber as an example when it first cracked into Australia's regulated Taxi industry. Govt didn't care about regulations or that taxi plates were driver's super. They made way for Uber and gave the customers what they wanted.
The industry is snowballing and it's a matter of time the new comers turn a profit. Humm already does. People have gotten a taste of it, and the market is now here to stay.
I am now a cautious bull. Though my desire is still to see it all burn to hell, starting with the Australian housing market.

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You may not believe but the property market is crazy hot in Adelaide and Brisbane now.

I am pretty sure we will see a double digi increase next year as the rate is crazy low.The repayment of a bank loan is much lower than pay the rent to landlord.

APT Price at posting: $91.26 Sentiment: Buy Disclosure: Held
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$50 party, page-12

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