Australia's largest stock trading and investment forum Australia's #1 stock forum

Latitude Financial Services IPO, page-35

First 35 Last

Share
Profile

Follow
LFM

642 Posts.

87

11/10/19

10:44

Post #: 40831507
Share

Originally posted by Nige456: ↑

review coming intelligent investor.next week.

Latitude IPO review coming We're working on this consumer finance company's $4bn float and expect to publish a review of the offer on Friday 11 October. By James Greenhalgh · 3 Oct 2019 · 2 min read Email Print If you're like some members, your broker might be beating you about the head suggesting you buy shares in the Latitude Financial Group initial public offering. It will be a big float, with a market capitalisation of $4bn at the top end of the $2.00 to $2.25 a share price range.We're currently considering the 346-page prospectus, and expect to publish a review on or before the morning of Friday 11 October. The Broker Firm offer closes on Monday 14 October (so you'll need to tell your broker whether you'll apply for shares by then). There's no public offer - due to the scarcity principle and all that - but given the size of the float, many brokers have an allocation.We've a tight turnaround due to the short offer period and some scheduling changes we've had to make, but the timing of publication gives you the weekend to decide whether to invest. It's a private equity float, however, so the business's prospects will need to be very impressive to get us over the line.

Expand

Review by TII is out. Behind a paywall so unable to view however your dont have to be a genius to work out what they recommend given the headline.

https://www.intelligentinvestor.com.au/recommendations/ahmed-fahours-bad-latitude/146225

All the value analysts are staying away. This is a low growth traditional financial biz however PE are not selling out completely. The size of the IPO may help in the outset as well.

Maybe a chance of a small stag at the lower end of the range but I guess thats the risk you take when price is determined after the offer closes. Lower demand may mean priced at low end of the range.

Last edited by LFM: 11/10/19
Upvote

Reply