Bell Porter reiterate buy, page-39

I take all the UBS points, the RBA review (I was not expecting this angle quite so soon) and the AUSTRAC threat, but these developments all take time. In the mean this company will continue to grow revenues exponentially in the US and UK. Eventually its margins will be reigned in, by regulation more than competition in my opinion. But expect lots of procrastination and debate on that front before it happens and in the mean time this company starts to announce positive free cash flow and profits.

Absolutely the recent strength was a degree of FOMO. But if the general market pushes up on effective QE, with few genuine growth companies in Oz, you can be reasonably assured APT will do so too.

Was yesterday a buy-in or is this a dead-cat bounce?