Extract from this mornings ASX release:

Latitude intends to acquire Humm’s consumer business (BNPL, Instalments and Cards) for 150 million Latitude shares and $35 million cash.

Currently trading at ~10% below listing price and sitting on a PE of ~9 combined with a div yield of ~7% I see this as an opportunity to add a few extra that may be able to be traded into reporting season.

COMMENTARY by FN ARENA:

Latitude Group has issued first half guidance for cash net profit of $115-120m. Macquarie assesses cyclically-low impairments will support earnings in the near term along with cost management.

Nevertheless, with limited disclosure, the broker's suspects additional upside is less likely to come from impairment reductions in the future. Outperform rating and $3 target maintained.