Non-bank lender lists on the ASX
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A lending and digital payments business has listed on the Australian Securities Exchange with one billion shares on issue, valued at $2.6 billion.
Latitude Financial - which offers personal loans, consumer asset finance, debt consolidation, credit cards and insurance offerings - listed on the ASX under the code LFS today (20 April).
The personal lender and payments provider commenced trading at midday AEST today on a conditional, deferred settlement basis with one billion shares on issue at listing (at $2.60 per share), valuing Latitude at $2.6 billion.
The listing comes following the successful completion of an initial public offer (IPO) in which Latitude raised a total of $200 million.
Railroading is in Mike Tilleyâs blood.
âMy daddy used to take me over to Erwin a lot to watch trains years ago, and I just said âHey, I wanna do that.ââ
Thatâs one of the reasons why, after a 40-year career with the railroad, Tilley continues to explore his interest in trains with the Watauga Valley Railroad Historical Society and Museum.
The society repairs and restores vintage train cars, sponsors passenger excursions on them and leases them out. The societyâs most recent restoration project is the 110-year-old Clinchfield 100, which served as Santaâs car on the Santa Train from the 1950s until the early 1980s.
Watauga Valley Railroad Historical Society receives grant for continued Clinchfield 100 restoration johnsoncitypress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from johnsoncitypress.com Daily Mail and Mail on Sunday newspapers.
At one stage the Tilleys motor business was an integral part of Weymouth and Dorchester. From a family loan the business grew and grew to eventually enjoy so much success that they had outlets and showrooms dotted throughout both towns. The firm was started by Ernest Tilley. Ernest s father was a jeweller and clockmaker. The business was first called M H Tilley & Son. Ernest died in 1946. His son John entered the business in 1936 after serving a four-year apprenticeship at the Austin Motor Company Ltd in Birmingham. John s son Mike briefly went into the family business but it was sold shortly after Mike joined it in the 1970s to Wadham Stringer.