Interesting to note that APT opened at $5.38 on news of an ASIC investigation into the Fintec industry, credit check practices and reliance of late penalty fees to make a $.
I have alluded to this in the past and note the following in relation to APT.
1. N0 credit checks currently apply, in other words anyone can get there first purchase or purchases.
2. It relies heavily on late payment penalties to support its bottom line.
The market has sensed a problem this morning l suspect and it can't be ignored.
Thoughts.
Yarra
APT Price at posting:
$5.54 Sentiment: Buy Disclosure: Held
