The $110mln mkt cap means a lot of funds simply can't participate. Simply too small. The long dated negative momentum is simply killing it. My biggest concern is that I am not seeing any of the largest shareholders stepping in and soaking up some shares in the 40's. That says to me that the big shareholders have some unanswered questions or doubts
Whilst they talk about the UK market as being their focus and the low penetration rate that BNPL has in the UK they are still leaving it to investors, especially retail, to connect the dots. What does LBY's UK business look like in 3-5 years time?
Gary comes across as one of those guys that believe that if he executes on the business, then the SP will take care of itself. Whilst it sounds like the way it should be, the reality is that it isn't. I still stick by one of the main problems being IR not managing the right message and getting in front of the right people.
LBY Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
