HUM 2.27% 45.0¢ humm group limited

Todays comments from many have really started to help...

  1. 166 Posts.
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    Todays comments from many have really started to help crystallize the heart of the issue.
    PRICE
    1/ With a locked in 150m shares at a share price that could be < $1.80 at voting time we are not being paid a fair amount. It is $0.20 less than starting point. That translates to approx $269m when we started at $335m.
    STRATEGY
    2/ Latitude needs this deal now just as much as HUMM "might" ? AF's strategy is cooked without this deal. They need to do it quick, as anger is going to become the underlying emotion, of HUMM shareholders being shafted - the clock is ticking.
    VALUE
    3/ there seems to be no real discussion about the embedded value in cards e.g. NZ is 33% of all cards on offer - just maybe with inflation, rising interest rates cards will make a comeback. There are still millions using them and money is going to tighten leading to more interest bearing.
    4/ BNPL was always going to be a line call as HUMM established itself. Canada has to be a very slow burn the others are all on their way.
    RISK
    5/ When a sale risk either way is 50/50 the status quo infers stay fully owned, stay profitable and ensure a small div can be paid. How come Board & Mgt was so upbeat and then suddenly flips and its all risk. It was always risky thats business.
    6/ We all want more value for the risks we have taken to get to this point, why would we not put the pressure back on Latitude to understand the value we want.
    EXECUTION RISK
    7/ Finally - we all know the journey HUMM has been on - does anyone really know the Latitude story. Its not been around that long in its new form after being GE and there are currently mostly offshore holders. Why did Australians not buy into this company ?
    I am also very curious about the 150m shares being some specific tigger that gets them into a particular share group for liquidity.
 
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