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$66.47 afterpay limited

luckily the AGM is only 3 months away or so before they sell...

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548 Posts.

206

03/08/20

11:54

Post #: 46261727
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Originally posted by drbrooks: ↑

May 2018 - 5,000,000 shares sold @ $6.94
June 2019 - 4,100,000 shares sold @ $23.00
July 2020 - 4,090,000 shares sold @ $66.00

The first transaction tells me that the founders (insiders) never believed the Co was worth much more than what they sold for.
The second was an omg let's cash in while we can move.
The third was accompanied by a statement that they wouldn't sell any more until after the AGM (I think it was the AGM).

All downhill from here I think and the AFR's negativity will ultimately be proven to be correct.
The $66ers will be wondering if it was such a great idea.
Short!

But anyone who has held for any period of time has built up a decent buffer so they can afford to wait a bit and see.

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luckily the AGM is only 3 months away or so before they sell again.. hopefully the founders don't starve on the $400m+ they've cashed out already

APT Price at posting: $65.88 Sentiment: Sell Disclosure: Held
5 Upvote

0 Great analysis

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