Ann: Business Update and Response to COVID-19, page-19

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14/04/20

09:28

Post #: 44024276
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Originally posted by shooshka: ↑

There are 2 ways to look at this though.

Firstly, yes we may be limited in our ability to travel (both domestically and internationally) for quite some time.

But, depending on what happens here in Australia (and, whilst not everyone will get their jobs back, if we have some sort of re-opening whilst still having travel restrictions - then plenty of frontline retail staff will be re-employed) it may actually free up a level of discretionary spending that would otherwise have been spent on holidays.

If we remain in lockdown for a while, as per this report 88% of Afterpay transactions are online (Ebay will only increase that), whilst the overall market may decrease - there is a very strong potential for Afterpay to hold their position or potentially even grow it (as 4 x fortnightly payments would be a further benefit when on a limited income, rather than just a nice-to-have).

Obviously the other side is bad debts, drop in retail spending (things like clothing have already slowed dramatically) etc, but so far (and it is VERY early days) they seem to be at least treading water if not growing. We'll see what the next 2 months hold.

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you raise a good point about people having additional money due to not spending it going on holidays. and since people literally have no idea how to save money (generally) they will almost certainly spend it.

APT Price at posting: $22.00 Sentiment: Hold Disclosure: Not Held
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Ann: Business Update and Response to COVID-19, page-19

Top Stories

Climate change to drive market trends to the moon

KGL sniffs 19% Cu from drilling at Rockface play in NT

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

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Fast-track assaying yields 182 g/t gold for iTech at new NT play

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

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The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

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