So basically on a like-for-like basis SPT has reached in 1 month...

First 8 Last

Share
Profile

Follow
Endpoint

87 Posts.

51

17/03/19

16:45

Post #: 37789651
Share

Originally posted by upside_down: ↑

Agree with all you've said. My point is more that what is baked into SPT's price right now is a lot more froth and a lot less substance than what APT had earlier on. And that's not helped by these advisor and broker incentives. IMO there are a lot of people pushed onto this share that don't understand the market opportunities and risks and path to success like you or I do, that will sell on any moments of weakness.

APT fully diluted at $2 after IPO is equivalent to SPT at $1.10. Options + rights +shares for Afterpay at IPO added to 180 mil, for SPT they add to 327 mil.

Let me correct what I said before - Afterpay actually reached $3 only 2 months after issue, then dipped back below $2 about 9 months later.

I've cobbled together some charts using data from here https://www.asxhistoricaldata.com/. Seems to be quite hard to find a free charting tool (e.g. Google, Yahoo) that shows price data for out-of-use stock tickers (in this case AFY).

Now I've done the same chart again but multiplied all Afterpay's prices by 55% to account for differences in shares on issue & options.

As you can see $3 is roughly equivalent to $1.65 - so SPT has run to equal Afterpay's average market cap for 2016, in a shorter time too.

Expand

So basically on a like-for-like basis SPT has reached in 1 month to where APT got to in 10 months?

SPT Price at posting: $1.60 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

PCL

HotCopper users react as Pancontinental Energy's trading halt lift reveals little

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

C1X

iTech inks deal with Chilean lithium giant to progress Reynolds Range

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CMB

Asian Battery Metals uncover second massive sulphide discovery at Mongolia's Oval play

CAF

IP anomaly thrills Cannidah with project extension hopes in QLD

ASX Market Open: Aussie market to leap on best 'Trump trade' bump since election day | November 22, 2024

There are more pages in this discussion • 14 more messages in this thread...

First 8 Last

Add SPT (ASX) to my watchlist

So basically on a like-for-like basis SPT has reached in 1 month...

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

HotCopper users react as Pancontinental Energy's trading halt lift reveals little

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

iTech inks deal with Chilean lithium giant to progress Reynolds Range

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Asian Battery Metals uncover second massive sulphide discovery at Mongolia's Oval play

IP anomaly thrills Cannidah with project extension hopes in QLD

ASX Market Open: Aussie market to leap on best 'Trump trade' bump since election day | November 22, 2024

Featured News