HUM 0.00% 46.0¢ humm group limited

Ann: Proposal from Latitude for Humm Consumer Finance, page-113

  1. 5,879 Posts.
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    I may not be correct but if there are 1b issued shares and 65% are in escrow then currently 350m are in circulation, then after Feb 2022 there are 50% of 650m i.e 325m more coming into circulation, which should make it appox 675m shares in circulation........

    See what happened to SZL it was $9.5 when 50% owners stoxx came out of escrow....the SP tanked to under $3 after that.......ofcurse other market conditions also play a part.

    I expect the same for Latitude soon...........i anticipate it based on asset value, discounting 530m goodwill makes it appix $810-$850m assets with 1b issued equity ...so SP .81-85c.....so infact the $335 takeover bid is $134m
 
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