Ann: hummgroup 1Q22 business update, page-30

fair enough

doesn't read bad to me though.....anyone with a clue would understand the nexus between the two points and indeed the improvement in write offs/net losses.....comes with the growth

you should take a lot of comfort that this company is one of the few in bnpl that was a finance company previously and it has the data and experience to manage its receivables book......have a look at the way they applied the macro overlay.....$30m FFS! if that wasn't conservative I don't know what is....moreover, much of that has proven to not be required

they have also set their product suite up to accommodate future regulatory requirements beyond the baby step lame a$$ code that AFT and other BNPLs lobbied hard for. Humm was happy to go much further because they KNOW how to price for credit

don't sweat it mate.....these people know what they're doing, even if they are growing relatively slowly at the moment