APT afterpay touch group limited

Ann: Business Update, page-4

  1. 155 Posts.
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    Yeah reading it now. Not sure how market will respond, but amateur me is saying W O W.

    Q3 sales $530m, only slightly below busy Christmas Q2 of $551m! $1.45b total FY18 so far, easily gonna hit $2B for FY18.

    International Bank funding facility of $200m in final stages of agreement on top of NAB's $350m delivered funding. Integration with global payments provider happening. Sounds like APT is already thinking bigger than US.

    On US: update to come in May.

    Customer base still growing fast - Q3 end 1.8m vs 1.5m Q2 end.

    In store growing - 7000 fronts, up 21% Q3 to Q2 (vs broader sales which were down 3.8% due to christmas period).

    Late fees change: capped at 25% of purchase order (new), maximum $68 (as before).

    Very happy holder. If price doesn't go well now then the shorters have won..
 
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