It appears that you're not taking into consideration the company lifecycle. APT is at the start of its growth phase in a relative new sector, therefore the theory is that the strategic objective is to grow as quickly as possible and gain as much market share as possible. In addition the aim is to build a company that has a platform and has network effect. When the company and sector matures then that is the time to switch strategy to generating profits and dividends. Perhaps 3-5 years.
So far APT management appear to be executing much better than other companies in the sector. Has a very strong board which says a lot for an Aus company. The sector appears favourable if you consider the 6 Forces.
My concern for the company is the overdue recession which could actually be favourable to APT as it would be amongst the top choice for people who still want to spend and the weaker BNPL companies will go under.
In fact concern as a shareholder is that it will be acquired before it gets to maturity.
APT Price at posting:
$29.30 Sentiment: Buy Disclosure: Held
