They are well placed to benefit from the certain failure, acquisition or merger of other BNPLs.....HUM is a cards and commercial business anyway....always have been until JW and co suckered them into re-branding. AA never liked the space.
One other thing I really like is the huge improvement in the quality of reporting over the last year......it is far more succinct and transparent.
On this result I am looking for $25-$35m CNPAT (above the line) this half with a much improving horizon leading to an even better result if 1H FY24 and working to $75m - $100m CNPAT for full FY24.
The evidence is in that we bottomed 6 months ago and the numbers are rebounding.
On current share price my thinking is the purchase yield will be 8% - 10% within 12 months settling at a sustainable running yield around 5%
My "guess" is we'll hit a $1.00 - $1.20 before this year is out.
Ann: HUM - financial results briefing for HY ended 31 Dec 2022, page-48
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Last
69.5¢ |
Change
-0.010(1.42%) |
Mkt cap ! $345.4M | |||
| Open | High | Low | Value | Volume |
| 70.5¢ | 70.8¢ | 69.5¢ | $22.60K | 32.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 19929 | 69.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.5¢ | 8153 | 5 |
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| HUM (ASX) Chart |