This bloke has been putting his money where his mouth is for the...

This bloke has been putting his money where his mouth is for the last NINE years and counting (check his director disclosures) and been wrong EVERYsingle time!

The fact is without John Delano showing him what to do (sold at the top during the Certegy glory days of 2011-early 2013) Abercrombie has had no clue.

Abercrombie and his chosen executives since Delano left in early 2013 have overseen CATASTROPHIC destruction of value. The consumer business (old certegy) has ceded leadership in solar to Bright and they have frittered countless millions on competing in small scale BNPL, a ridiculous name change, buying 2nd rate interest free credit cards (Once and Lombard) and loss making international expansions.

Yet all you blokes reckon the business will miraculously turn things around when Australia is about to go into a consumer recession???

The Latitude deal is a bail out. The HCF business is going backwards. Cash is building because receivables are shrinking (and with them earnings). Fact is though you are still getting $300m of LFS and cash for $192m of HCF NTA (that earns a sub WACC return if any vs LFS whose tangible equity earns 50% ROTIC).

If Abercrombie likes it so much why doesn't be buy it from the company then???