If they didn't dominate NZ and didn't have the 3rd UK market share position, I wouldn't be interested.
I just think it's a land grab bnpl stock for a bigger player to come in and take over, gaining a leading market position in NZ/UK virtually overnight.
Even without a takeover/merger, Layby still look to be adding so many more new merchants. All the updates are positive and show how hungry this company is for more.
Also I understand all this is easy for me to say, buying in under 50c. Laybuy wasn't even on my radar until it hit 50c and I heard about progress in NZ & UK. If I was an early investor at higher levels, I would certainly be averaging down by buying more here.
Bell Potter seems to think its worth $1.20 after the latest results. I think the 50c area is a good start for a turnaround while I wait for a takeover/merger. Someone will want that 3rd UK position alone. NZ is just a cherry on top
LBY Price at posting:
57.5¢ Sentiment: None Disclosure: Held
