there might be 22 cents worth but even at that price, it would make the Australian Big 4 banks and the regional banks double in price, not to mention similar industry peers around the world in English common law regimes like England’s Provident Financial Group that would quadruple in price.
Alas LFS is possibly not even worth that.
There is a Director’s Duty in Australia, or at least there was, a duty not to trade without sufficient solvency. given the lack of a capital raise, it might be interesting what comes of it. The audit fee would have gone up by a multiple and you can see the Directors jumping ship.
as for Fahour, he scores the trifecta, huge sums of money at NAB, Australia Post and LFS, the House was canned each and every time.
Bit like selling the opening theme song of a movie in the trailer to then have a real dog of a film, a real slop fest of a film.
Ah Ahmed, you’ve won the trifecta.
people who put funds into LFS must feel like absolute fools? You must feel a little sorry for the poor things? perhaps there can be a financial counseling hotline set up to tell them to respect their money or their margin loans a little more.
investing in LFS would be like being the Greta Thunberg followers of finance.
Best it be stopped and Australian finance move on.
LFS Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
