Just quoting what’s in the press. Have read some dodgy articles about this company.
I think they just took it up to over $21 to do their capital raising at 17.25. No doubt time will tell how successful they are.
Also an article re their expansion in the US. They reckon the company won’t do well in the US as there is a higher rate of consumer default in the US. Their bankruptcies due to credit card debt is the highest it’s ever been. With Trump relaxing all the credit rules, there is a chance that defaults could reverse back to the 2008 levels.
If it was me, I would be careful. If you know what you are investing in that’s fine.
APT Price at posting:
$16.00 Sentiment: None Disclosure: Not Held
