Probable Trend Reversal For APX, page-25

Agreed bought some more today too. Some may think I'm way off, but at these levels, trading at only 6x 2020 revenue, from a valuation perspective I think there is at least 50% upside in the medium term to a 10x revenue multiple, but that's just my view. Further sp weakness would only exacerbate this attractive valuation, though the direction of the US markets will likely determine how soon and in which direction this moves. An interesting point raised by another poster was whether capital from former BNPL shareholders might move over to other tech companies like APX - I for one am in that camp, was a former LT holder of APT and more recently SZL, but now with the PayPal news, likely to be followed by other giant competitors in the US, I think the standalone BNPL players are in for a world of pain, not that their share prices would reflect it just yet. Now that PayPal have effectively rendered any margin expansion impossible, and in fact will likely destroy the unit economics of the smaller players, hopefully other quality tech companies start to get more of the investor attention.