Afterpay (ASX: APT) On IBR’s Radar

A new company has entered Internet Bull Report’s portfolio: Afterpay Touch Group Ltd, ticker (ASX) $APT trading at $7.85 AUD.

APT is a technology payments company that allows customers to buy a product now and pay for it later via four installments. Afterpay is headquartered in Australia and listed on the Australian Securities Exchange (ASX: APT) since March 2017.

The 52 week high/low: $7.85 – $2.94 AUD

<a href='/ASX/APT'><a href='/ASX/APT'>ASX:APT</a></a>

May 15, Afterpay announced they would be entering the US market by partnering with clothing brand Urban Outfitters ($URBN).

The size of the US market is substantial and represents a very significant opportunity for Afterpay.

Key statistics include:
  • In 2017, total US retail sales were more than US$ 3,800bn, with over US$450bn purchased online, which compares to the Australian online market of approximately US$ 18b.
  • The US online fashion market alone is US$ 60bn.
  • More than 15% of the US total fashion market is purchased online.
  • The millennial market in the US has a population of 63 million.
  • 67% of US people aged 18-29 do not own a credit card.

Moreover, Afterpay has had to date an incredible performance. The idea and team behind it are excellent. They assume all customer non-payment risk and don’t allow customers to keep transacting if they can’t make a payment. Afterpay has maintained low default rates relative to all market comparators. They continuously report revenue jumps, and it’s the 170th largest company quoted on the ASX.

On top of all this, institutions are nibbling (we expect much more buying from them).

We like what we see and hear a lot. At the moment, we see very little risk and big upside.

Our 2018 target is $15 AUD.

Happy investing!

 

Anna & the IBR Team

Resultado de imagen de instagram icon  @MedTechpreneur

Resultado de imagen de linkedin icon  Dr. Anna Morera Leralta

Resultado de imagen de instagram icon  @AnnaDocpreneur

Resultado de imagen de instagram icon   Anna Morera Leralta

 

Anna Morera Leralta

Medical Doctor specializing in Integrative Medicine and exploring the Medical Cannabis opportunity. Also fascinated by the convergence of Life Sciences and Technology - in particular Artificial Intelligence and how it will affect health care in the future. During my internships and volunteering, I have worked hand-in-hand with well-know physicians and professionals of the Health-Biotech sector. I've been awarded with numerous awards of excellence and scholastic scholarships. I'm a co-founder of an IoT startup that aims to help smokers successfully quit. Born and raised in Barcelona - Spain, with a zest for traveling, learning and expanding my horizons. Always curious, hard-working, open-minded and self-motivated.

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