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Hate to put a positive spin on things... Afterpay $180m loss and...

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pacman73

329 Posts.

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04/09/21

17:00

Post #: 55834791
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Originally posted by country bob: ↑

So much potential. So many partnerships. So many resellers. So many Directors. So many IoT labs.

Before anyone gets excited I suggest they read all of the announcements since November 2015 when JT joined. I just skimmed over a whole bunch of them, and guess what, we've heard it all before - multiple times. Truly, it's hard to believe how many times this business has restructured and redirected and changed models and capital raised. The only thing that is consistent is huge losses every year. Well, that, and new partnerships and new resellers and new Directors and new IoT labs and new 'potential' markets and capital raises.

Yes, there is income now, but there are also over 3 billion shares out there. 3 billion. For this to make 10 cents how much income would they have to BANK while maintaining current costs? $50 million? $100 million?

It seems to this LTH that if this does survive then it will be another 3-5 years of slowly creeping forward, just to break-even. So much for the Award Winning, disruptive, game changing technology they are supposed to own. Pretty sure you can untick those boxes now. No Unicorn here.

Total reported losses (or investment as some like to argue) is over $120 million now. That will likely grow by another 10 or 20 million this FY.

GLTAH (we will all need lots of that).

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Hate to put a positive spin on things... Afterpay $180m loss and being bought out for $39b

BELIEVE !!! Surley its time to shine bye now??

NET Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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