|Bid||0.5800 x 0|
|Ask||0.5800 x 0|
|Day's Range||0.5700 - 0.5900|
|52 Week Range||0.3600 - 0.7400|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||19.33|
|Earnings Date||Sep 9, 2019 - Sep 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.38|
Latitude Financial has abandoned a second attempt at an initial public offering due to concerns that shares in Australia’s largest non-bank lender would tumble on debut, scuppering what was set to be the country’s largest listing this year. The expected A$1bn ($674m) IPO by the company, which is owned by private equity group KKR, Deutsche Bank and Varde Partners, was scrapped after the end of the bookbuilding process on Tuesday. Had it been successful, the IPO would have eclipsed Magellan High Conviction Trust’s A$862m offering as Australia’s largest in 2019.
Australia's largest department store operator Myer will stop selling "unprofitable" Apple Inc products as part of its drive to focus on higher-margin items, Myer Holdings said on Friday. Apple Inc is facing weak demand for its iPhone, which has come under fire for being too expensive. The decision, which will apply to the 16 department stores that stocked Apple products as well as online sales, comes as the department store operator restructures to better compete with online retailers.