Its actually three instalments now. The first doesn't count as its up front. Management are to be commended on this change however. It speaks volumes about their concerns regarding an increase in defaulters.
Unemployment. reduced hours and business bankruptcies significantly on the rise but APT SP shows no signs of slowing down. Maybe their growth in customer numbers will outweigh the defaulters but every loss of 75% (3 x instalments) takes an awful lot of new sales at 4% margin less opex to cover. I feel a significant pullback is looming. I feel the same about ASX200. US2000, US500, Faangs and Nasdaq. The recent bounce in markets (incl APT) seems irrational. There is no way its business as usual in the foreseeable future. I've put my money where my mouth is. Have shorted the lot incl APT (which I in no way hate). Hasn't happened yet though...... Perhaps APT is in a niche sector which won't be affected/will prosper from the current situation but I can't see that.
Markets are crazy though so who knows.
APT Price at posting:
$41.20 Sentiment: Sell Disclosure: Not Held
