Short Term Trading Week Starting: 25 Feb, page-59

STT COMP FA SHORT APT
Afterpay touch.
Market cap 4.8 billion
Share price $18.15 -> Target $7

My summary that has been posted on the APT thread summarising my thoughts:

I wonder what the stock would have done if this was the first page?

My take away is the company can't survive without the issue of shares...

if you remove the proceeds from the issue of shares the picture becomes ugly very quickly..

Turning all that revenue into profit will be one thing, but sheeeeet you need a bit of profit to make that 4.8 BILLION dollar market cap sustainable.

of course I will be told "Amazon and Tesla dont make money" but it is what it is... in Australia ASX 200 companies dont maintain mullion billion dollar valuations and run at a loss.. rather simple really. I put a cross to next to what I imagine would be a one off.

Anyway as much of you all know this IS the next AMAZON or PAYPAL or GOOGLE... well each to their own... just look at the figures and make your own mind up.

im not an accountant but dont think 4.8 billion is even close to justifiable even with this being the next AMAZON.... good luck all !!



Also, double top former at $10 for the FA traders.