APT Z1P
Both are in the same line of business with minor variation between their modus operandi. Both were in the limelight recently, having to appear in a Senate Inquiry in Brisbane. Both are waiting for the outcome. Both had been doing well in Oz and APT is expanding fast in the USA.
So when Z1P announced its financial report today, it shot up. But APT has been down in the last two days. It is reporting next Tuesday. Usually these two companies move in unison so it is surprising that their share price went the opposite way!
I have been topping up on both; Z1P has been up while APT has been down!
posted by Club Mulgoa @ 2:38 AM
4 Comments:
The Senate Inquiry (committee made up of predominantly Labor senators) made recommendations which are supported and easily implemented by both Z1P and APT. What they feared the most, was not enforced and basically, they are both free to carry on with their modus operandi as before, with more superficial checks and with some supervision by ASIC.
I don't know why those insiders think it was bad news as both were dumped briefly last week before the report was released to the public. This is subject to an investigation which will reveal nothing as it is very difficult to catch or prosecute insider trading.
On Monday, I expect both Z1P and APT to jet off and on Tuesday, if APT has very nice figures from the USA, then I can take Mrs Tey to Michaelangelo for a feed... to celebrate.
Why is it so difficult for stock pickers to figure out the outcome? The senate committee inquiring about buy-now-pay-later scheme must be made up of morons if they insist on full credit checks for purchases under an average of AUD$150... Luckily, they are not!
So today, APT went ballistic while Z1P also had a nice rise. I think APT's meteoric jump today is also in anticipation of tomorrow's financial report. If the figures in their USA operation is far better than anticipated, then there will another leap. Otherwise, it will fall to a more sedate level.
APT did a SPP, closing on 11/4/2019. Only dills will ignore it. It was issued at $1.53 per share (like in the placement) and the share price is now just over $2.
That means when you purchase $15,000, it is worth $20,000. Of course, there will be diluting effect butit will still be remarkable for a company that is not generating profit at the moment.
Wasn't APT that did the SPP in April 2019. It was Z1P.
Today I was so disappointed with APT wanting to do a capital raising. Initially I was because all I could see, was a placement. Only when I read further along was a little bit on SPP. Now I am happier but like most SPPs, the small investors usually get scaled-down amount.
Z1P only gave about 15% of what I requested so I expect the same with APT. When the offering is on demand, usually it benefits the big boys. AD8 too is having an SPP but again, it will be limited mostly to the big boys.
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