Ann: Continues Strong Growth for 1H FY22, Revised FY22 Guidance, page-89

That is rubbish and you are just trying to scaremonger. Their debt is a receivables facility for which they borrow against the receivables. 80% for the Kiwibank facility and 75% for the Partners for Growth facility. The facilities are new (for PFG) or refreshed (for Kiwibank). I'm pretty certain that both providers aren't doing new arrangements if they concerns. There won't be any default here.

The accounts have also just be reviewed by one of the most conservative audit firms in the world without any concerns raised. The auditor is effectively saying no capital raise required for at least 12 months.

LBY would appear to be the most tightly run BNPL business in terms of operational efficiency and have a great position in NZ and the UK, which are the only two markets they care about.

Someone appears to be driving this down thinking there is a cap raise coming, or an into is getting out and doesn't care about the price. If anyone understands the company or saw the last update they will know that a cap raise is not coming any time soon. March quarter this last year was cashflow positive and is likely to be again this coming March.

The market reaction to this is ridiculous. LBY would have to be worth at least $150-$200m to Zip, and would secure Zip in the UK.

Chances are this will rebound strongly when the games stop getting played.

cheers
Marv