SWF selfwealth limited

Ann: Becoming a substantial holder, page-7

  1. 362 Posts.
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    As previously mentioned Christine Christian is the last person you want heading takeover talks, just ask any Humm shareholders.

    https://www.afr .com/companies/financial-services/humm-and-latitude-scrap-plans-to-merge-consumer-finance-assets-20220617-p5augr
    Humm defends asking Latitude to pay more for ‘unprofitable’ assets

    Some shareholders in Humm Group have called for the board to resign over the collapse of the sale of its consumer finance business to Latitude Financial, describing the majority board’s actions as “a muppet show”.

    https://www.smh. com.au/business/banking-and-finance/humm-directors-to-exit-after-collapse-of-latitude-deal-20220622-p5avn3.html
    Humm-Latitude deal collapses; directors to exit

    Basically the board on mass resigned before the shareholders could kick them out.

    So it is no surprise to hear that Axi has made multiple offers and been rebuffed by the board, let us hope we don't end up in the situation where a higher bidder walks away. Board will need to justify why they gave Axi the cold-shoulder unless the bids were ridiculously low.

    if above links don't work search 'Christine Christian humm latitude'
    Last edited by rheags: 20/11/24
 
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