Tencent returns for more Afterpay, allocation pending, page-41

Its 3 x the last capital raise & founder selldown price. You would have said the exact same thing then & here we are. Bookmark & come back in 12 months & ask for respect if you get it right & you will be given it.

But based on recent history, momentum in this field, customer additions at record highs & funding for future growth now secured, its going to be a hard train to stop.

Afterpay does 15% of all online retail in Australia. That is a mammoth amount of transactions & a treasure trove of data. Apply 1/3 or 1/5 of that number to the US market in two to three years with teamups with some of the biggest payment players over there, expansion in to similar markets, if Afterpay gains further tractions in the UK & it resembles US/AUS numbers & behaviour & you have a very large embedded business that is part of today's society.

The key for management is to monetise the data & the customers but I feel growth is more important that an arbitrary profit at this stage, particularly if it is at the cost of expansion.

+ future merger (or takeover by) Paypal