Originally posted by Andrew1234
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.
Actually, someone correct me if i'm wrong, but finance organisations lending money, generally do better business when the economy suffers, despite increased bad debts.