Not here to bag out Afterpay. I have been an investor since beginning of the year and still believe the company is great, with increasing growth and great controls. In light of the news and given my personal circumstances I have taken the profits out today and will watch what happens over the coming weeks/beginning of next year, even if that means I forgo some gains while not holding it.
I do hope nothing bad comes out of this review from ASIC, especially anything which will increase regulations/costs to the business. Look forward to see what happens in the weeks to come GLTAH!
P.S. a shame about this though, I have a feeling Christmas sales through Afterpay will be great news for shareholders.
APT Price at posting:
$5.50 Sentiment: None Disclosure: Not Held
GLTAH!
