Hi DDD,Thanks for your kind thoughts.Yes i was out of Kindy in...

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dalglishk

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10/09/20

11:37

Post #: 47234273
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Originally posted by doubledeckerdog: ↑

Well Dalglishk - Cutty may not have said that APT is worth X or Y or Z - but so what - he did say its impossible to value - and for good reason.
A discounted cashflow analysis is not possible - guess why?
Valuing "start ups" on eye watering revenue multiples has been tried before.
Were you out of Kinda in 2000?
Cutty did say APT going to face competition because its nothing more than a credit card purveyor - and there are essentially no barriers to new entrants.
NAB are offering a zero interest credit card now - sounds like competition to me!
APT's negligible margins are going to get crushed.
Nothing new or exciting here and no more than a simple lay-buy system without the safety rails of traditional credit providers.
Normal credit providers care about who they lend to for good reason.
With no credit checks and then lending money to poor people most likely to default when everything does go tits up......what could possibly go wrong.
Its a ponzi - but perhaps different to some of the previous headline grabbers.
Everyone trusted and believed Bernie Maddoff for along time too.
For your sake, I hope APT does not similarly blow up when the bad debts start to mount..........or when they run out of new territories to crow about.
Good luck champ - you may need it.
DDD

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Hi DDD,

Thanks for your kind thoughts.

Yes i was out of Kindy in 2000. I remember getting Melbourne IT shares when they floated for $2.20 ( was a customer of JB Were and they gave me a firm allocation in this float along with TLS and SUN as well as others ) from memory and in a couple of months they were $17. I took some profits on the way up and did ok out of the dot com boom.

I still don't understand the logic. cutty says it can't be valued, you agree but then value it and your convection is so high you have to post many times on a forum about it.

Anyway each to their own.

Cheers,

Dalgs

APT Price at posting: $77.20 Sentiment: Hold Disclosure: Held
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