Daily Price Movement / General Discussion, page-26343

You are correct I had a $1 price target from $11.

I have seen bulls price targets of $18 $30, $50 and $100 even.

I keep seeing repeated comments of I'm buying more it's so cheap at these prices.tell

Sane comments at $11, $10 , $ 9, $8 $7 and soon to be $6

Now can you tell me if it's nearer $1 or $100

At the end of the day it's a massively loss making Financial Services Provider same as CBA WBC ANZ and NAB .....it is nothing remotely like a tech stock

in fact with the Monthly Account Fee, Late Fees and Convenience Fees it is a credit card company in everything but name.

Its market is limited to Millennials as to older generations the entire business model is unappealing.

Within the Millennial generation it has a certain novelty appeal but that wears thin that is why they use the completely useless metric of Active customers as those who have transacted once in the last twelve months

As I pointed out several months ago the novelty appeal would wear off and they would need to spend agrresively on marketing pushing profitability out even further.


But let's pretend and it's a giant leap of faith one day they will be profitable.

At the rate they issue shares and convertible notes profitability will not come before a billion shares in issue so they need to generate $300 million NPAT just to justify today's valuation.

APTvhave proven even as market leader they are still nowhere near profitability.

Its at $7 in a rising market since IPO and even with a Covid induced on line shopping spree..

Just wait till the market sells off and it's heading rapidly to $1 and come back to me with the ridiculous price targets