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Just remember as well that growth hides bad debt. Once the...

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Mexicanandre

112 Posts.

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22/02/18

11:26

Post #: 31251952
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Originally posted by Christos12 ↑

I thought I was the only one unhappy with the result.

Those bad debt provisions are huge. Losing half the EBTDA. 0.7% sounds low but it really isn't with this business model.

I expect a poor quarterly in April, I wouldn't be buying at these prices.

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Just remember as well that growth hides bad debt. Once the growth stagnates I expect this to also increase.

I’m not short, just interested in the consumer finance space hence APT.

Let’s see how April goes. I can’t imagine more than 20% growth now on the previous quarter either.

Remind me in April

APT Price at posting: $7.71 Sentiment: Sell Disclosure: Not Held
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