{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"FOMO Investing","title":"Jeremy Raper goes for extra credit at the Humm Group","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/a823de88\"></iframe>","width":"100%","height":180,"duration":2350,"description":"Brian and Mik unpack a live activist situation at Humm Group, a small Australian non-bank lender now facing public pressure from investor Jeremy Raper, who owns ~6% of the company and is pushing for a vote on board change ahead of a February shareholder meeting.They walk through the competing narratives: a founder-led board defending its strategy versus an activist arguing the company is undervalued due to poor governance and capital allocation. Along the way, they discuss downside protection, third-party bids, and special situations.Rather than a stock pitch, this is a case study in pattern recognition: how governance disputes, excess cash, and strategic activist pressure can create asymmetric outcomes. ","thumbnail_url":"https://img.transistorcdn.com/UkXOXIsHilnycDK6nKwqkXWPCmd9aJ9n6Sj1SxJ_Rvw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8yODg0/ZjlmYWY4ZGQyZDE3/ODQ2ZDk4M2NmNjZi/NTU2ZS5qcGVn.webp","thumbnail_width":300,"thumbnail_height":300}