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Humm Group Limited ( (AU:HUM) ) just unveiled an update.
The Takeovers Panel has received an application from major Humm Group shareholder Andrew Abercrombie seeking a review of earlier orders made in relation to Humm Group, following a prior declaration of unacceptable circumstances. The same review Panel that is already examining the declaration will now also consider this new application, though it has not commented on the merits of the case.
To maintain the status quo while the review proceeds, the Panel has issued interim orders staying the effect of the initial orders concerning Humm Group. As a result, those original orders are suspended until either the review is determined, the Panel issues further directions, or two months elapse, temporarily easing immediate compliance pressures on the company and its stakeholders.
The most recent analyst rating on (AU:HUM) stock is a Buy with a A$0.87 price target. To see the full list of analyst forecasts on Humm Group Limited stock, see the AU:HUM Stock Forecast page.
More about Humm Group Limited
Humm Group Limited operates in the financial services sector, providing consumer finance and related credit products. The company focuses on offering payment solutions and lending services to retail customers, positioning itself within the competitive non-bank finance and buy-now-pay-later market in Australia.
Average Trading Volume: 913,326
Technical Sentiment Signal: Sell
Current Market Cap: A$315.5M
Learn more about HUM stock on TipRanks’ Stock Analysis page.