Ann: HUM 1H22 ASX Announcement, page-11

It's more like $132mil less $8.5mil divs less $55mil for Perpetual note leaves $68.5mil unrestricted available.

Then it depends on the cash swap on LFS acquisition of HCF.

It will be $68.5mil plus $35mil = $103mil less cash in HCF going to LFS.That's a lotta cash.

About $0.21 cents worth post divs.

So if we are worth $0.87 less $0.606 per HUM share equal to the LFS stake (exc cash payment).

Market values humm residual at $0.264.And we getting from this $0.017 div, plus $0.07 from LFS towards June/July 2022.

Still leaves up to $0.14 cents cash in the business.

Values flexicommercial at almost nothing. $0.264 - 0.017 - 0.07 - 0.14 = $0.037 for business of flexicommercial.

THis is my interpretation anyways of the financials. DYOR.