Ann: Receipt of ASIC interim stop order, page-56

What absolute clowns.

Seems more about nuance than something deeper - Sources said the regulator was concerned that the product’s target market, as identified by the company, did not align with the details in its terms and conditions. ASIC clowns too (but probably in the right technically).

But still, a reminder that those running HUM are clowns.

And the market is pricing it as such - 0.3x BV ffs.

In a strange way I was hoping this would end the BNPL debacle.

I'm only here for the sum-of-the-parts play.

I say:-

Wind everything up for close to BV $600-700m, or

Or take the $335m for consumer division (this time in cash) and run the growing commercial, or

Or wind up BNPL for BV price ($100-150m?).