Time is Money for Afterpay Shareholders
Nervous times for Afterpay shareholders as the value of the Block deal continues to slide as it awaits final approval from the sole remaining regulator, the Bank of Spain.
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Bid Now, Squabble Later for Afterpay
Afterpay shares fell again yesterday after the company revealed it would push ahead with a meeting regarding the takeover by Block without approval from a major shareholder.
Read MoreASX Snippets: PMV, LTR, APT, CWN
Some snippets out of Thursday’s ASX trading session from Premier Investments, Liontown Resources, Afterpay and Crown Resorts.
Read MoreAPT – Credit Suisse rates the stock as Outperform
Outperform rating is unchanged and the target is increased to $147 from $133.
Read MoreProfit Briefs: APT, Z1P, WTC
Results from three key tech stocks – Afterpay, Zip Co – and Wisetech Global tell an interesting story about the future of the space in Australia once Afterpay is no more.
Read MoreSquare Deal Pops Up for Afterpay
It’s a bid-mad Monday, as US payments platform Square offered to buy the buy now pay later pioneer, Afterpay in a multi-billion dollar all paper transaction.
Read MoreWho Has BNPL Pole Position?
While the struggle continues for BNPL supremacy across three continents, the Afterpay revenue model evolves and the spectre of PayPal looms large.
Read MoreAPT – Macquarie rates the stock as Outperform
While maintaining an Outperform rating Macquarie acknowledges the stock is no longer looking “cheap” versus peers in the segment, but is not overpriced either. Target is raised to $140 from $120.
Read MoreAPT – UBS rates the stock as Sell
The re-evaluation of the sales outlook drives an increase in the target to $42 from $37. UBS maintains a Sell rating on valuation grounds.
Read MoreAPT – UBS rates the stock as Sell
The broker reiterates the Sell rating and raises the target to $37 from $36, acknowledging the product has resonated strongly but success was always going to attract competition.
Read MoreAfterpay Touched by Bank Rotation
Was last week a one-off reshuffle of investor sentiment towards financials or has there been a deeper transition in the market with the big banks firmly back in favour at the expense of fintechs?
Read MoreAPT – Morgans rates the stock as Hold
The price target falls to $121 from $125.3, while the Hold recommendation is unchanged on valuation grounds.
Read MoreAPT – UBS rates the stock as Sell
Sell rating with a $36 price target.
Read MoreBNPL Giant Has Stars and Stripes in its Eyes
In its third quarter update, BNPL group Afterpay confirmed media reports earlier in the year that it was looking at a US market listing in the not-too-distant future.
Read MoreAPT – Morgan Stanley rates the stock as Overweight
Morgan Stanley assesses the entry of Commonwealth Bank ((CBA)) into the Australian BNPL market has put the focus on price competition. Target is reduced to $149 from $159. Overweight rating retained.
Read MoreAPT – UBS rates the stock as Sell
UBS cites Commonwealth Bank’s ((CBA)) foray into BNPL as evidence of competition in the space. It’s also considered to highlight risk around ‘no surcharge’ rules. Sell rating and $36 target retained.
Read MoreIs Afterpay Overvalued?
Afterpay’s rapid global expansion has taken the market by storm but not all are convinced of its value.
Read MoreAPT – Macquarie rates the stock as Neutral
Afterpay’s first half revenues grew 89% year on year, but that was sequentially below growth of 97% and 96% in the prior two halves and short of expectation. Neutral and $140 target retained.
Read MoreAfterpay, Zip Declare Losses Now, Hope for Profits Later
While Afterpay shares were suspended until Monday to allow the company to raise $1.25 billion, shares in BNPL rival Zip took a hammering after an unimpressive interim report.
Read MoreAfterpay Gathering Troops for US Escalation
Afterpay is building up its forces to step up its attack on the US retail credit market, revealing on Thursday that it will spend $373 million on increasing its ownership of the company’s rapidly growing US business.
Read MoreUK Regulator Set to Tighten BNPL Rules
Fears about the rapid rise in buy now pay later schemes being offered by companies such as Afterpay have led the UK’s Financial Conduct Authority to take steps aimed at reining them in.
Read MoreAPT – Morgan Stanley rates the stock as Overweight
Underlying sales in November were ahead of Morgan Stanley’s forecasts by 15%. The broker forecasts $9.6bn in first half sales, or growth of 102%.
Read MoreWord of the Year – 2021?
Dion Hershan, Head of Australian Equities at Yarra Capital Management, looks at the opportunities that are emerging from a bleak 2020.
Read MoreIs The Sharemarket Correctly Pricing In Fundamentals?
Anton Tagliaferro and Daniel Moore analyse the fundamentals of Amcor, Brambles and Orica and seek to provide an objective insight into the ‘blue sky’ being factored into Afterpay’s share price.
Read MoreKey Tenets for Managing Small-Cap Risk
With certain sectors at extreme valuations, managing risk is more important than ever when investing in small caps. Marc Whittaker and Phillip Gray from Investors Mutual discuss their key tenets for managing risk in the small-cap sector.
Read MoreAfterpay Hits All-Time High As Active Customers Top 11 Million
Shares in Afterpay, the buy now, pay later company ended at an all-time high yesterday after a bullish quarterly update. The shares rose 7.3% to end at $102.97, up slightly from last week’s record close of $102.25.
Read MoreWestpac Tie-Up Pushes Afterpay Shares To New All-Time High
Shares in buy now pay later group, Afterpay hit an all-time high of $105.80 yesterday after it announced a new partnership with Westpac. The deal will see Westpac granting Afterpay customers a savings account that can be used as an ordinary savings account but will also be mined for behavioural data.
Read MoreAfterpay Clears AUSTRAC Hurdle
The key financial regulator, AUSTRAC will not be taking regulatory action against the buy now pay later pioneer, Afterpay over its money laundering disclosures.
Read MoreCompetition Heats Up In Buy Now Pay Later
Competition in the Buy Now Pay Later market is accelerating, as rivals are attracted to the economics generated by first mover Afterpay. How well can the two local providers withstand the onslaught?
Read MoreCustomer Numbers Double As Afterpay Halves Losses
Shares in Afterpay slowed their rapid rise of recent days yesterday despite the buy now pay later company revealing a solid set of results for the year to June and plans for more expansion this financial year.
Read MoreRetail Shareholders Line Up As Afterpay Completes Institutional Placement
Given the very positive reaction from investors to the Kogan retail issue, buy now pay later group, Afterpay will be knocked down in the rush from its retail base when its offer opens shortly.
Read MoreAPT – UBS rates the stock as Sell
UBS was not surprised by the $800m capital raising and the $250m sell-down by the company’s co-founders, assessing this is understandable in the current situation.
Read MoreFounders Sell Down As Afterpay Raises $800m
Buy now, pay later group Afterpay will raise $800 million in fresh capital as part of a strategy to speed up its global expansion, while co-founders Anthony Eisen and Nicholas Molnar will sell $250 million in shares as an add-on to the raising.
Read MoreAPT – UBS rates the stock as Sell
The company continues to benefit from a shift to online because of the pandemic restrictions while government stimulus is also helping boost consumption.
Read MoreAPT – Morgans rates the stock as Downgrade to Hold from Add
The stock is trading at its highest multiples compared with historical averages. Morgans upgrades earnings forecasts for the next two years because of improved revenue and bad debt assumptions, based on recent trends.
Read MoreAPT – UBS rates the stock as Sell
Afterpay has indicated there are now more than 5m active customers in the US. No update on other markets was provided.
Read MoreThe BNPL Sector Faces Its Sternest Test
The New Criterion’s Tim Boreham assesses what the virus and lockdown mean for Afterpay and other listed buy now, pay later companies.
Read MoreVirus Havoc: Myer Slumps, Nine & Bluescope Drop Guidance, Afterpay Under Siege
Shares in troubled department store Myer plunged by more the 44% yesterday for no apparent reason.
Read MoreBanks Underperform As Afterpay Soars In 2019
If you exclude the likes of Afterpay Touch, then the financial sector did not help the wider market in 2019.
Read MoreAPT – UBS rates the stock as Sell
Pursuant to yesterday note, in which the broker reiterated its Sell rating for Afterpay Touch based on a perceived high credit risk for the BNPL sector, and higher still for Afterpay individually, the broker has increased its sales forecasts following yesterday’s update from management.
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