@ValueTrader82
I am actually ignoring the cost of equity entirely to simplify the calculations for other posters.
The fees are incorporated in the cost of revenue/services - unless you are suggesting that the figures documented in the annual report are fraudulent. Alternatively they could be incorporating this cost in the cost of revenue (i.e. Revenue percentage of TTV but even if that were the case we can double check by checking the % revenue of sales which is 4%). The only other possibility is that touchcorp was processing Afterpays fees at a loss, which would be unlikely but we can look out for as more information becomes available.
The interest calculation is right. You can check the AR yourself and do the calculations yourself. I have used a 2% BBSY rate which is definitely higher than what it is right now for my calculations...
Again unless you are suggesting fraudulent documentation in the AR I can't see anything wrong in these calculations.
APT Price at posting:
$3.53 Sentiment: Buy Disclosure: Held
