The Afterpay Ltd (ASX: APT) share price has been a standout buy now, pay later (BNPL) performer. With its share price fast approaching the symbolic $100 mark, could it be getting too expensive?
A true market leader
The Afterpay share price has run more than 20% in the last month, outperforming all its peers including Zip Co Ltd (ASX: Z1P), Openpay Group Ltd (ASX: OPY), Sezzle Inc (ASX: SZL), Splitit Payments Ltd (ASX: SPT) and Laybuy Group Holdings Ltd (ASX: LBY).
Afterpay is a true market leader of both ASX tech shares and BNPL players. The Afterpay share price is the first to move in the initial stages of a rally, the first to move into new high ground and consistently delivers phenomenal growth. It’s this status that…
5 things to watch on the ASX 200 next week 25 October 2020 // Motley Fool Australia
Last week was a reasonably subdued one for the S&P/ASX 200 Index (ASX: XJO). The benchmark index ended the period 9.8 points or 0.2% lower than where it started it at 6,167 points.
A busy five days await investors next week. Here are five things to watch:
ASX futures pointing higher.
The Australian share market looks set to start the week on a positive note. According to the latest SPI futures, the ASX 200 is expected to open 18 points higher on Monday. This follows a reasonably positive end to the week on Wall Street, which saw the Dow Jones fall 0.1%, but the S&P 500 rise 0.35% and the Nasdaq push 0.4% higher.
Coles first quarter update.
The Coles Group Ltd (ASX: COL) share price will be one to watch on Wednesday when it…
What the ACT election tells us about our rulers in the Bubble
Last weekend’s ACT election results have again revealed how out of touch our nation’s capital city is with mainstream Australians. While it is tempting to write off the ACT Legislative Assembly as little more than a glorified city council, ACT elections are one of the clearest indicators of elite opinion that we have – and the results are alarming.
ACT Labor will continue to govern, as it has done since 2001, but the big winners were the Greens, who have more than doubled there representation. The 25 seat ACT Assembly will have ten Labor members (down from 12), nine Liberals (down from 11), and six Greens (up from two). The Greens already have a seat in cabinet, in exchange for propping up the minority Labor…
Poor culture, rich pickings: Crown chair Helen Coonan too quick to slam banks for poor culture
“Poor culture … has been identified as the main culprit that permitted a slew of bad practices … and in many cases arrogant indifference to regulatory and compliance risk,” Crown Resorts chair Helen Coonan said in a speech. She noted that community trust in the sector had been “shattered”.
No, she wasn’t talking about her extraordinary revelations regarding money-laundering at Crown casino last week in the New South Wales Independent Liquor and Gaming Authority’s inquiry into Crown’s suitability to hold a Sydney casino licence.
She was, in fact, speaking in her role as chair of the Australian Financial Complaints Authority (AFCA, the financial ombudsman) in May 2019, referring to the banks and financial institutions…
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