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News: APT Afterpay Touch Group Says Global Underlying Sales For FY20 YTD Grew By 105% Vs FY19 YTD, page-7

  1. Lepio
    254 Posts.
    lightbulb Created with Sketch. 48
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    14/04/20
    09:36
    Post #: 44024456
    Honestly struggling to find anything bad in this report. Regular Jan-March growth as high as ever. Strong balance sheet. Only moderate impact in late March from Covid, which decreased further in April. Defaults already decreasing compared to March. 88% of sales online. Improving customer profiles in the USA. Clear communication that ANZ is in fact profitable and a model for other regions. Partnership with Wix (this is a big one imo - opens tons of new merchants without much work required by Afterpay).

    This puppy is going back to 30-40 soon.
    APT Price at posting: $22.00 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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