HUM (ASX) FXL now and International expansion

Originally posted by KiwiCheek: ↑

FXL SHARE PRICE:
Monday 31 August - Close of $1.205
Friday Sept 4 - Close of $1.115
Down 9% or 0.085c per share

APT SHARE PRICE:
Monday 31 August - Close of $91.44
Friday Sept 4 - Close of $78.20
Down 14% or $13.24 per share

Personally I wouldn't compare the biggest international player to a new category entrant who hasn't even gone international yet. There is no comparison. But you insist on comparing APT to FXL and now I see why - I wouldn't like to have nearly 15% wiped off my anchor investment in only 5 days either. Kind of explains why you've come here - to pick on the nimble little guy whose about to go international for its shareholders at only $1.115 per share. But I guess anything's a threat when you've just had 14% wiped off a $91.878 share price.

Re APT's share price drop, pointless trying to dress it up to look like an increase. It's well down from it's high from only 5 days ago. APT faces some serious headwinds for the first time. A bloated Nasdaq hemorrhaged last week on tech stocks because they were overpriced. But APT had already hemorrhaged all on its own. Why? Threat of big newcomers to the BNPL sector like Paypal. Didn't take much to lose 14% of your SP did it? And there's talk of Amazon's launching a BNPL of it's own too. So APT's SP may simply recover, or just hover or drop even further. Only time will tell.

I'm not sure if you know, but Morningstar have been issuing warnings about the APT share price being overpriced for some time now. Their conclusion:
"A circa 2% net margin on high receivables turnover should generate high return on equity. But to maintain that rate of net margin, APT must maintain high sales volumes in the face of more direct competition and the regulatory scrutiny from transacting with increasing numbers of retail customers. It is also reliant on lenders and shareholders willing to continue to provide it with funds to finance its receivables growth." Basically to prop it up with further capital raises.

Morningstar values APT at $25.50 with a strong SELL advisory note against it and advice to "skip the Afterpay party for now."

Meantime, in my personal opinion, FXL is the best value BNPL on the ASX.

Share price of a mere $1.115, and it's about to go international. AND a share price bargain for a company that already makes substantial profits. That already has:

2.3 MILLION CUSTOMERS IN AUSTRALIA, NEW ZEALAND & IRELAND
172.3% online growth
17.2% volume growth
$2.48B transaction volumes
15.8% receivables growth

I know whose shares I'd rather hold right now and it's not Afterpay.

Expand

I don't know why you insist on focusing on APT. This is the FXL forum. I know even less why you chose to compare the 5 day performance of the 2 companies. Is it because it is the only timeline in which the FXL so has outperformed APT?

You believe FXL is the best value BNPL. But in a lengthy post you neglect to say why. Please explain why.
if you are so obsessed with APT, why don't you post on their forum?

Originally posted by mypravda: ↑

ok lesson for you, although other posters have alluded to this, volume IS NOT revenue

Expand

yes volume is not revenue, but I'm talking market share. Use volume if you like, the question still stands: aren't you concerned that FXL market share has collapsed and management don't know how to arrest the slide?

No.	Vol.	Price($)
7	90660	40.5¢

No.

Vol.

Price($)

90660

40.5¢

Price($)	Vol.	No.
41.0¢	231491	19

Price($)

Vol.

No.

41.0¢

231491

No.	Vol.	Price($)
7	90660	0.405
6	69093	0.400
11	99843	0.395
13	135280	0.390
5	48153	0.385

No.

Vol.

Price($)

90660

0.405

69093

0.400

99843

0.395

135280

0.390

48153

0.385

Price($)	Vol.	No.
0.410	231491	19
0.415	12262	2
0.420	70281	4
0.425	51423	3
0.430	174524	10

Price($)

Vol.

No.

0.410

231491

0.415

12262

0.420

70281

0.425

51423

0.430

174524

(20min delay)
Last 40.5¢		Change 0.000(0.00%)		Mkt cap ! $199.0M

Open	High	Low	Value	Volume
40.5¢	41.0¢	40.5¢	$41.51K	102.4K

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