Thanks Chrisy. I appreciate the time you took to provide this very helpful response. Agree with your point on momentum: the APT team has built a very strong brand in Aust. If they get into larger markets in the same way as they have in Aust, APT will do very well.
Sezzle appears (to me) to be the most substantial of the competitors.
Interesting how (relatively) crowded the Pacific space is and how "open" the US appears to be. Definitely one of those instances where you have to say: this is quite a simple and compelling idea, I wonder why folks did not think of it sooner? (The same question applies to Waze, Uber, Amazon and others. It's not a criticism of APT or the investment thesis. Just a comment). I guess that most players assumed that anything in the space would be regulated as consumer credit/payday lending and that compliance costs would kill the business.
Unlike some other recent Aust listed tech, APT seems to have: a solid business model, well planned and implemented; easily understandable risk: credit/fraud risk and competition; and no crazy hype by Management.
If it retraces, I'm in. Otherwise, I'll let it consolidate a bit and join down the road for the longer term. There is a fair bit of future upside priced in at present (in my view). Again, well done to those who were on this one early.
To Mina - spelling can be hard. You cannot be expected to get it right every time, but good try.
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