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AJ7

15,693 Posts.

1142

15/12/20

17:04

Post #: 49597568
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Originally posted by prosperity: ↑

Forget about positive news.
This is a dog. The market has rerated this from $4.98 to $2.23. It is a junk bond that is growing at a rate too slow to be a threat to APT in a sector that will see plenty of consolidation and decreased margins through competition.

None of the APT wannabes have the scale or the capital to compete. They will keep reporting losses whilst APT starts to report big profits.

OPY may have been hit worse than its peers, but its cycle of a loan is the longest, meaning its need for dilution is greatest.

Management have not reported bad debts stats of late and are far from proactive to release the Nov20 results. I bad the stats are not crash hot and they are hiding from a massive sell off.

Pentana was supposed to go live. It has evaporated and Woolworths is another insignificant partnership. I got out of this dog and have saved $15K.

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you back to your split personality mode lol

OPY Price at posting: $2.16 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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