HUM (ASX) R.J Explains....

Originally posted by joda ↑

Chase007 I think you have asked the right question for anyone who truly wants this business to fly, be sustainable and above all profitable.
i.e. "WHAT WOULD YOU DO"........... HC works best when we read added value not rethoric.

You really do wonder which BNPL is going to survive the next few years when growth seems to deliver the same balanced negative returns and requires constant "hands out" to the market for cash to prop up growth.
Seriously no body should buy into a Share Purchase Plan (SPP) just look at Openpay currently underway no matter how many wonderful announcements they have provided.
Announced 31/3 shares can be bought at $2.03 when day high $2.37. Closes on May 4th and currently $2.08 - not a lot of upside in that dilution. (17/3 it was $2.75)
HUMM has clearly stated no dilution planned here, they have the necessary funds and less than 500m shares to make it happen. Any rerate on those share nos would have to be material.
I do agree unfortunately with another thread a takeover based on a current share price of 90cents has to be a possibility and would be most opportune so I hope Abercrombie and Wylie have the wear with all with their share blocks to stick this out.

All last year, contributors on HC continually asked for ;

1/ get products digitally savy and deploy mined data through artifical intelligence i.e. leads for merchants
2/ invest for growth and stop the dividend as proof
3/ go overseas
4/ have a product that provides a service, unique if possible, is appreciated and drives its own customer referral - clearly HUMM is the lead.
5/ work through selling any unrelated legacy businesses

Am I disappointed that we are not $6 a share - you bet I am.
Like most, who does not like a quick buck but I am after millions here not thousands. Flexigroup was pretty broken when you think back with little synergy between the 24 products.
I like what they have done and I use HUMM and Bundll

On reviewing answers to the above requests of last year;
They actually have done or are committed to all of the above on a well publicised 3yr journey.
We are finally at the cross road.

The trading on this stock is frustrating and weird and looks like people are marking time trading the same shares again and again possibly through a shorting process that shakes out loose hands while a small margin is better than none at all. The fact that in recent days we have declined further (check out my last post) and hit 89.5 cents is now a management issue.
Net promoter score, EBITDA and Net Profit are crucial nos but for those who care share price for a company with 2.6m customers, 70k merchants and $2.5B + in turnover 89.5 cents does not cut it.

So instead of shooting the horse what do I want the rider to do to fix this delimma.
1/ increased general shareholder focussed communication would be good - let us be the judge of the news good or bad.
2/ a specific update on UK rollout and Canada has to be close
3/ the thought process with FlexiCommercial & Leasing is it or is it not for sale at the right price
4/ where is another cornerstone investor like Wylie who can bring some worldwide clout that will ultimately grow this business.
5/ anything else that will work to get the share price up - and NO to the naysayers: RJ stays unless you can articulate a better plan.

Lets see what happens !

Expand

Thanks Joda, a great summary.

On shorting, the short sold level ranges between 2 - 3.5% and currently at 2.96% In the old days FXL was shorted well above this level and the SP was was above $0.895 , in fact in reached $2.71 in Sep'19.

Shareholders also need clarity on the roll out in the US of what Douugh is doing as this is supposedly the Hum selected route in this large market.

I look forward to more of your thoughts.

Cheers...............Daicosisgod

No.	Vol.	Price($)
2	46000	42.0¢

No.

Vol.

Price($)

46000

42.0¢

Price($)	Vol.	No.
42.5¢	13537	2

Price($)

Vol.

No.

42.5¢

13537

No.	Vol.	Price($)
1	23000	0.420
2	110000	0.415
3	99634	0.410
5	117296	0.405
9	518986	0.400

No.

Vol.

Price($)

23000

0.420

110000

0.415

99634

0.410

117296

0.405

518986

0.400

Price($)	Vol.	No.
0.425	9037	1
0.430	146317	9
0.435	23721	3
0.440	25752	4
0.445	30001	2

Price($)

Vol.

No.

0.425

9037

0.430

146317

0.435

23721

0.440

25752

0.445

30001

(20min delay)
Last 42.5¢		Change -0.005(1.16%)		Mkt cap ! $208.8M

Open	High	Low	Value	Volume
41.5¢	42.5¢	41.5¢	$259.1K	612.5K

R.J Explains...., page-125

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Frontier Energy achieves key milestone for Waroona energy project

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Cultural heritage agreement puts Walford Creek exploration back on the map

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Belararox delineates another porphyry in Argentina at Tambo South

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Strike Energy secures $153 million for Perth Basin gas projects

Emyria's Empax Centre chosen for mental health clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

R.J Explains...., page-125

Top Stories

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Frontier Energy achieves key milestone for Waroona energy project

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Cultural heritage agreement puts Walford Creek exploration back on the map

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Belararox delineates another porphyry in Argentina at Tambo South

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Strike Energy secures $153 million for Perth Basin gas projects

Emyria's Empax Centre chosen for mental health clinical trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News