|Bid||37.00 x 0|
|Ask||34.19 x 0|
|Day's range||36.25 - 37.15|
|52-week range||15.50 - 37.41|
|Beta (5Y monthly)||1.88|
|PE ratio (TTM)||N/A|
|Earnings date||26 Feb 2020 - 07 Mar 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||20.51|
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Afterpay Touch Group...
Afterpay was making its first statement since its shares began falling last week following a downbeat assessment from brokerage UBS and an announcement from the Reserve Bank of Australia that it planned to dig deeper into the buy-now-pay-later (BNPL) industry next year. Afterpay's shares fell as much as 8.1% on Monday at A$27.25, its lowest level since Aug. 28. While Afterpay said on Monday it "is not currently subject to an RBA inquiry or review process", it will be part of the central bank's review of the payments industry in 2020.
Millennials are expected to overtake baby boomers as the largest adult population in the United States this year, according to the Pew Research Center. Afterpay, considered a pioneer in the buy-now-pay-later space, has been banking on growth in the largely nascent U.S. market. Joining Summers on the board will be former Reebok CEO Uli Becker, and former U.S. online retailer ModCloth CEO Matthew Kaness.
When you buy shares in a company, there is always a risk that the price drops to zero. On the other hand, if you find...
The buy-now-pay-later company also reiterated that it has not identified any money laundering or terrorism financing activity in its systems to date. In June, AUSTRAC told Afterpay to hire an external auditor to examine compliance concerns, causing ripples in a sector that has become a darling of stock analysts due to its global expansion and ability to benefit from online shopping growth.
Australia's financial intelligence agency on Tuesday ordered an audit of PayPal Holdings Inc's compliance with local anti-money laundering and counter-terrorism financing laws, saying it was concerned reporting obligations had not been met. AUSTRAC, which is tasked with ensuring compliance with the laws, ordered PayPal's Australian unit to appoint an external auditor to look at the fund transfers at its own cost and report back within 120 days. AUSTRAC said in a statement that International Funds Transfer Instructions reported by the financial sector provided intelligence that enabled the agency and its partners to combat serious crimes, such as child sex exploitation.
The big shareholder groups in Afterpay Touch Group Limited (ASX:APT) have power over the company. Large companies...
The Minneapolis-based company closed the day at A$2.20 per share, shy of the A$2.58 session high, nearly double its initial public offering (IPO) price of A$1.22 a share. Sezzle, yet to post a profit, only operates in the United States and Canada and said it will fund growth in those two countries with the A$43.6 million ($30.03 million) it raised from the oversubscribed IPO. "We certainly haven't sold any of our shares, we think they may trade higher in the coming days and weeks," said Dean Fergie, portfolio manager at Cyan Investment Management, a fund that bought shares in the IPO.
Australia's Afterpay Touch Group Ltd, an early adopter of buy-now-pay-later consumer lending, has come under heavy selling pressure for consecutive trading days after credit card giant Visa Inc unveiled plans to enter the market. Visa's plans to allow customers to pay by instalments marks a significant threat to Afterpay and its cohort of like-minded companies pioneering interest-free payments systems. Afterpay shares had started to recover in volatile late-afternoon trading.