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Market Cap (6-Jul) $19,966,193,664 (24th) |
Close (3-Feb) $66.47 |
Volume (3-Feb) 0 |
Shortsold (28-Mar) 53,074 (0.02%) (585th) |
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52w High $0.000 |
52w Low $0.000 |
P/E 3,333.33 |
EPS -0.55 |
Not sure I like the name 'Klarna', but for those who have not seen, CBA recently announced it as a competitor/alternative to Afterpay and other BNPL schemes: https://www.commbank.com.au/digital-banking/klarna.html
It seems to be nicely integrated into the CBA netbanking app, which IMO, is one of the best in the country, and has been for a while. I wonder if, given CBA's pretty vast customer base, an integrated BNPL scheme from within the netbanking app has the ability to take customers back from APT for their BNPL needs. I think my initial view is 'yes'. The other major advantage is that it is not retailer dependent.
Interested to hear others thoughts.
APT was $108.30 at the close prior to posting, it is now around $108.30 (100%) lower · Yeddit had a none/not held disclosure
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Afterpay 
NotLikeThat
Risk? Sure. Likely impact? IMO, minimal. CBA's investment in Klarna to date hasn't paid off. Looks like Westpac got it right.