LBY 0.00% 3.3¢ laybuy group holdings limited

Ann: Change in substantial holding, page-3

  1. 630 Posts.
    lightbulb Created with Sketch. 311
    Not good, starting to look like a position exit. They bought all the way down from over $1 to $0.50.
    Bankers will be concerned, especially K.bank. The majority of their loan book is mortgage business, do next to no commercial stuff, wouldn't like the publicity if they get caught with this one. Secured against receivables book but suspect the company is on a very short leash.
    Can't imagine a CR finding much support anymore.
    IMO afraid to say future looks a little bleak.
 
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