Sod it. I'm out. Both here and IRL. 

I had a food manufacturing company a few decades ago. One line was pasta. I was buying my flour from the flour mill. The flour mill also made pasta. 

I love the *idea* of Afterpay. I hate normal banks and credit cards. So any competition to my enemy is my friend. 

But when Apple, a monopoly, and PayPal, a non-traditional bank, both bring their guns to bare... And the UBS valuation for APT is $42...

Sux as it's ASX 300 so available to buy in my Super account. 

But, I'm out. A bit of blood on the floor... But I don't think it's a Bagger for quite some years. So cashed up I can have a better chance elsewhere. 

Mark

Afterpay has shot up cracking the $100 mark assisted my Morgan Stanley's increased valuation of $148.

They have reassessed the late payment fees which turn out to be 70% PA. 

Without getting into the thought of 'never a borrower be' and that an APT investor may pause to think of some defaulting user... 

It's good to see APT 'back'. 

https://www.afr.com/chanticleer/afterpay-s-late-fees-anomaly-20210610-p57zy0

. 

https://www.afr.com/chanticleer/afterpay-s-late-fees-anomaly-20210610-p57zy0