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clock Created with Sketch. 17/05/22
23:47
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Originally posted by joda:
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At last some common sense - the original deal was no good when announced at $335m and is even worse in todays environment. The only winner is Latitude. My understanding is with the current share price of Latitude slipping to $1.80 when it was $2.00 we would get way less than the $335m because its about shares (in the majority) not cash - what a joke when that can be so easily manipulated with such a small Latitude float.
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With the sell off in BNPL. selling it off to latitude may not end up being a bad deal... The sum of seperating the 2 will most likely rerate the commercial arm stand alone.. vs keeping it together where the market smells a late run in BNPL and an old company trying to reinvent itself it will never be priced as it should...
(20min delay)