humm
- Home
- humm
Last man standing, Humm Majority Directors stand down after failed sale of BNPL division
As a drama positioning itself as Season 2 of a potential Netflix series on ASX-listed controversy, the boardroom warfare between Humm (ASX: HUM) directors is nearing an end with its Majority Directors all tendering their resignation, leaving Andrew Abercrombie as the sole member, following the failure of its sale to Latitude Financial (ASX: LFS). FollowingRead MorePublic
Humm and Latitude call off sale despite BNPL woes as rogue Director outmuscles Board
In a remarkable series of events headed by one rogue Director, the proposed $335 million sale of Humm’s (ASX: HUM) buy-now-pay-later division to Latitude (ASX: LFS) has been shot down just two days after the Chair of Humm pleaded with shareholders to accept the acquisition proposal. What makes the saga most incredible is the global
Read MorePublic
Bad debts mount for humm but who cares, that’s now Latitude’s problem
Binding – what a great word! This will be the sentiment amongst most shareholders in buy-now-pay-later company humm group (ASX: HUM) which like its peers has seen a sharp downturn in BNPL customers. Thankfully for those shareholders though, humm has a “binding” agreement to sell their consumer finance business to Latitude Group (ASX: LFS) with
Read MorePublic
Latitude to acquire Humm’s consumer lending division as BNPL cools off
It’s confirmed- and whilst it doesn’t have the same scoop-your-jaw-off-the-floor effect as Afterpay’s (ASX: APT) $39 billion takeover from Square, Aussie grown BNPL Humm’s (ASX:HUM) consumer lending division is being acquired by Latitude Group (ASX: LFS). The deal is expected to bring $55 million in annual synergies for Latitude which are anticipated to be fully
Read MorePublic
Latitude makes $335m play for Humm’s BNPL division after BOQ pulls out
Australia’s OG buy-now-pay-later business is set to be cashed out at a high as the sector undergoes a consolidation phase with Humm Group (ASX: HUM) having been tapped on the shoulder by Latitude (ASX: LFS) for its consumer finance business to the tune of a $335 million offer. The offer comes in the form of
Read MorePublic
3 small caps under $1 to benefit from Commonwealth Bank’s mass branch closures
As Aussies continue to shift towards a cashless economy, Commonwealth Bank has confirmed it will be closing 10% of their branch network at lunchtime for reduced operating hours in response to declining foot traffic as we move all our banking and finance needs online. Where branches traditionally facilitated cash transactions, the declining use of cash
Read MorePublic
- 1
- 2