Ann: Quarterly Update and Appendix 4C, page-5

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FraserJC

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31/01/20

11:14

Post #: 42666907
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Originally posted by Inferno31: ↑

What were you expecting from a growing company ? Afterpay has burnt hundreds of millions. I think too early to discount the company. The key for them is the UK market. They need more deals like the shopping direct one. The global market is big enough for all and the current valuation is not too demanding - so there is room for growth for the company. In terms of the point of differentiation, openpay generates revenue from customers and merchants - so in a way even if they dont grow merchants quickly, as long as they grow the active accounts, then it gets balanced out. In a way, its a more diversified strategy compared to other BNPL that are soley reliant on merchant alone and need to acquirer more and more of them.
I am not too impressed with the cash burn but considering it was the first half after listing, I am willing to give benefit of doubt.
At the end of the day, and considering pre and post IPO - their numbers over 12 months look ok on all metrics. Everything has register 50-150% growth.

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Mate, its a train wreck. You can't compare this to APT. APT is the unicorn of the sector, and highly likely to break even or be profitable at the next announcement. This appears to be losing more money each quarter. Wrong direction!

OPY Price at posting: $1.25 Sentiment: None Disclosure: Not Held
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Ann: Quarterly Update and Appendix 4C, page-5

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