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Isn't APT tanking?

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mykef

98 Posts.

09/03/21

14:21

Post #: 51629327
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Originally posted by csadeev: ↑

Increasing revenue and steady profits, single digit P/E ratio, large mining partners (e.g. Rio, Fortescue, Evolution), which pay on time and have no liquidity issues, fairly low maintenance costs due to young drilling feet, customers with a wide range of mineral portfolio, so cyclical trends do not impact the business massively.

All of these at currently 20-25% discount due to employees/long term investors cashing out on the IPO day.

Both Oaktree and the management kept a substantial stake in the company even after the IPO though, so I am not too worried about them taking some profits. The Afterpay founders took some profits a few months ago too and APT is at almost all time high.

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Isn't APT tanking?

DDH Price at posting: 87.8¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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