Due to present major disruption in financial markets, Latitude Group Holdings Limited (ASX: LFS) and Humm Group Limited (ASX: HUM) have agreed to terminate the proposed sale of humm consumer finance to Latitude.
Latitude Group pointed that BNPL represents less than 1% of its revenue and receivables. It is currently experiencing good organic volume growth, is profitable and well capitalised to execute on several opportunities going forward.
Post the release of this announcement, at AEST 10:52 AM, HUM shares dropped 12.173% and are trading at AU$0.505 and LFS shares are trading flat at AU$1.4.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
