Richard Coppleson Comments, page-2

Great post and I agree with all of that.

Just to consider all sides it would be prudent to consider what could happen to APT in a serious economic downturn - that 5% could easily turn into 10-20% with very large bad debt write offs, when suddenly a large slab of the 2.3 million users suddenly can’t pay the loan back - this model has not been stress tested as of yet...

However I am still confident in this one - there is always risk...the upside appears to outweigh the downside at this stage.