LayBuy NZ - Buy Now Pay Later

[nztx]

From the ASX announcement which you can read on here:
https://laybuyinvestors.com/investor-centre/

They are hoping for shareholders to vote in favour of delisting from ASX and to list on Catalist.

https://www.catalist.co.nz/

They are saying one of the reasons is they think share price is not reflecting fair value. Also will save money from delisting etc.
I am pretty new to investing, still learning a lot. Have a very small amount on Laybuy shares, lessons learnt haha. But has anyone had experience with investing on Catalist? interested to hear peoples thoughts? The value of shares is very little so going to hold them to see what I learn from following what happens in the process of delisting and relisting. What are the chances of them acheiving fair value through listing on Catalist?

sounds a bit like the 'Turkey voting for Christmas' stance coming from Laybuy
As for Catalist - they are still going .. still dont see many listings?
Had a brief couple of looks, but nothing much doing there at the time.
An expensive site fees wise & wouldn't go out of my way to go back there.
Unlisted would probably see more eyes, but would they want LayBuy onboard ?

Achieving fair value (whatever that is or will be) looks difficult on Catalist
when many likely wont be going there for a low value holding in what appears
to be morphing into an imploding basketcase

For any looking at hoping for something out of it - look no further than the
Catalist fees schedule:

https://www.catalist.co.nz/Fees

In our public market and in any wholesale markets investors are charged a trading fee if they buy or sell in a secondary market auction. The trading fee is the larger of $30 or 0.25% of the value traded.

In our private markets, if trading fees are payable by investors this will be set out in the relevant private market information page.

Now someone tell me they like the fees structure ?

[nztx]

Inflation is rampant....due probably to retail spending.
Like isnt the demise the of this entity a good thing....to lower interest rates !
Now nztx being a wordsmith will post something really flashy.
Like he is a guru.

Sorry - my friend .. didn't see you there before otherwise would have left
it for you to get some practice in

[Cobber]

From the ASX announcement which you can read on here:
https://laybuyinvestors.com/investor-centre/

They are hoping for shareholders to vote in favour of delisting from ASX and to list on Catalist.

https://www.catalist.co.nz/

They are saying one of the reasons is they think share price is not reflecting fair value. Also will save money from delisting etc.
I am pretty new to investing, still learning a lot. Have a very small amount on Laybuy shares, lessons learnt haha. But has anyone had experience with investing on Catalist? interested to hear peoples thoughts? The value of shares is very little so going to hold them to see what I learn from following what happens in the process of delisting and relisting. What are the chances of them acheiving fair value through listing on Catalist?

I think the ASX absolutely shows true value. They lost $50 million. What did they expect??

Announcing you think you might be profitable is not the same as actually showing a profit.

The current value is not just about the business, it also embodies macroeconomics. People will spend less on retail which affects Laybuys ability to increase or maintain revenue.

Saving $500,000 in fees is good. But existing shareholders are prob going to get rogered in this move.

They should have been boot strapping from day 1.

[nztx]

https://www.stuff.co.nz/business/131...l-from-2-to-3c

Laybuy: How one company's share price fell from $2 to 3c

When Laybuy listed on the Australian stock exchange in September 2020, investors were fizzing. Just under 60 million shares were sold for A$1.41 each – but before the day was over they had jumped to A$2.30.

The New Zealand buy now pay later (BNPL) startup had boosted its value by just under NZ$130 million in 24 hours. BNPL – a service that allows shoppers to split purchases into a number of smaller payments, interest-free – was still a relatively new development.

But now, less than three years later, investors will vote this week on plans to delist the company.

It shares, which had dropped to about A6c before the plan was announced, are trading for less than A3c.

[nztx]

https://www.nzherald.co.nz/business/...OOQZQLJ3OCP2A/

Buy now pay later operator Laybuy lays off more workers


Won't be many left soon .. aside for the top brass

How about a new catalyst coming for shutting things down ?


Sorry folks - it's a NZH Premium special

[Jaa]

Very quiet trading on Catalist, 4 trades at 0.033c for a total of ~$17.5k in six months.

Trading fees seem ok to me?

"The trading fee is the larger of $30 or 0.25% of the value traded."