Might be the worst ever IPO, the only ones to benefit would have been the Shorters and that ex NAB Banker who could not turn around Australia Post or NAB, Latitude now makes a trifecta of basketcases caused by Ahmed Fahour.
I was flat out trying to see it worth 50c AUD. LFS at 79c AUD would make ANZ worth about $38, CBA about $87, NAB $29, WBC $40, BEN worth $13, BOQ worth $15 AUD but the only problem is that LFS is probably not worth 79 cents IMHO but pls DYODD.
to get some of the exposure to the sector that LFS was in, Australian residents will just need to get an offshore broker and buy Provident Financial Group currently 395p In GBP, if LFS is worth 79c AUD, Provident Financial would be worth about quadruple at 1200p.
Again, LFS is probably not worth 79 cents, using the Provident Financial example, it would be worth around 22 cents on a sector like for like basis IMHO but pls DYODD.
IPO - Latitude Financial Group Limited, page-52
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Last
$1.15 |
Change
-0.010(0.86%) |
Mkt cap ! $1.195B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.17 | $1.15 | $98.36K | 85.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 1000 | 1 |
View Market Depth
| Last trade - 15.27pm 30/04/2024 (20 minute delay) ? |
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Last
$1.16 |
Change
-0.010 ( 0.43 %) |
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| Open | High | Low | Volume | ||
| $1.16 | $1.16 | $1.16 | 2024 | ||
| Last updated 14.49pm 30/04/2024 ? | |||||
| LFS (ASX) Chart |