Australia is at break even and will become profitable as bad debts and cost of interest decrease.
With continued growth from Amazon and new enterprise merchants, they're a year or 2 behind Afterpay in terms of ANZ EBITDA. Costs are fixed there and they're still growing at a solid rate.
Take at a look at the arrears rates in the last 2 quarterly updates.
Investing is all about blocking out the noise and emotion and focusing on a few simple points.
Check out the video below where Larry talks about Australia being at break even.
There is huge potential upside from here and a possible Disallowed in the next year. I would rather lose 50% on a stock than miss a Disallowed.
Chart - Z1P, page-3036
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Last
$1.31 |
Change
-0.033(2.43%) |
Mkt cap ! $1.483B | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.34 | $1.31 | $2.664M | 2.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 41175 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 41385 | 23 |
View Market Depth
| Last trade - 12.03pm 13/05/2024 (20 minute delay) ? |
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Last
$1.31 |
Change
-0.033 ( 2.32 %) |
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| Open | High | Low | Volume | ||
| $1.34 | $1.34 | $1.30 | 708720 | ||
| Last updated 12.23pm 13/05/2024 ? | |||||
| ZIP (ASX) Chart |