What you are saying is that APT is a credit business whose barrier to entry is the high level of defaulters!
Well alrighty this reminds me of the frozen berry business, where one could argue that the barrier to entry is the inevitable Hepatitis A break outs that occur!
A bad business model like APT already coping with higher than accepted stress loadings is going to run out of cashflow and tangibles very quickly.
The banks know it and as of Friday the ASX are showing their teeth on the matter as well.
APT - Get red pilled and DYOR on this story.....it’s ugly!
APT Price at posting:
$24.17 Sentiment: Sell Disclosure: Not Held
