We are certainly more primed for a big pump though from a short position perspective. We have almost 4 million more shares held short than we did before the big pump from $14 to $23 in August.
Positive surprises that could come 2 weeks from today
Customer growth rate stable/increasing after Christmas in the US
Transaction volumes stable/ increasing in the US
New Forever 21-calibre retailers in the US
Revenue % higher than expected in the US
Loss rate % lower than expected in the US
UK launch commencing at the end of this month
UK launch commencing with some big retailers e.g. Boohoo, Urban Outfitters, ASOS
Next launch in sights e.g. Canada
Increasing instore penetration from current 16%
12.7 million shares held short as at last week when we were trading at $16.86. Compare this to 9 million held short when we were trading at $14.27 mid-August, ~2 weeks before the annual report. Shorts covered to 6.5 million by early September.
APT Price at posting:
$17.46 Sentiment: Buy Disclosure: Held