The APT Share Purchase Plan
I have had a few emails about Afterpay’s share purchase plan announced on August 23. Shareholders asking if they take it up.
Last week APT announced an institutional placement raising $117 million at a price of 1705c plus a $20 SPP. The announcement included results and upped guidance and a decision to move into the UK. Post the announcement the share price hit a high of 2300c (the next day) and is now at 1765c. APT is one of the largest holdings in the Marcus Today portfolio.
The recent share price spike and fall (down 23% from the top) has understandably worried a few shareholders - it has highlighted the volatility and risk in “popular” stocks like this. There is no reward without risk. This is not a stock you can be comfortable about,...Continue Reading