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Why do you think 5-10yrs?If Laybuy gets listed in NZ cannot we...

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bobgg

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25/01/23

21:21

Post #: 65886159
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Originally posted by Transcender: ↑

One thing for sure, if you still own them Delisting day, you need to be pretty sure about long term prospects. Liklihood of being able to get out within the next 5-10yrs, if they survive which IMO is still doubtful, is probably close to nil.
Listing was a pre-requisite for Kiwibank continuing to fund. They wanted their exposure reduced, which IPO participants kindly did for them.
Smoke and Mirrors from Day 1 IMO. Lets take something worth nothing, spin a good yarn about growth and off we go.
Personally I don't believe they were ever able to, or are likely to in the future, make any NPAT.
I think this is all about keeping things running long enough for lenders to get their cash out of the business without pulling the plug completely.
Structured wind-down.
GLTA. Been a BS story from the beginning. Another shameless retail holding shafting.

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Why do you think 5-10yrs?If Laybuy gets listed in NZ cannot we just trade it there?

LBY Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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