HUM 2.42% 84.5¢ humm group limited

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  1. 7,513 Posts.
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    Not sure from technical viewpoint, but from fundamental viewpoint this stock is very attractive (so long as its part of a balanced diversified portfolio).

    Reasons:
    1) significant ownership of shares by directors (weak reason)
    2) consistent insider buying from dec07 to now, including approx $7mill from director with significant holdings Andrew Abercrombie (approx $7 million over last 5 months).
    3) This business although listed for only a few years has actually been a profitable business for the last 10yrs+, ie not a concept company.
    4)cash flow per share higher than EPS and EPS is still positive
    5) latest disclosures, mananagement expect profit for 08 to be higher than 07, and at this stage 09 to be higher than 08.
    6) latest 6months to dec 07 is still operationally cash flow positive (note standard cashflow statement can be misleading due to this being a finance company).
    7) spread between lending cost and borrowing cost is huge, lends at around 30% interest rate, historically borrowed at around 8% (this could well jump, but who cares with these sought of margins)
    8) Margaret Jackson is one of the directors (what ever you think about her involvement in Qantas) she has a very good reputation as being a 'honest' director.
 
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Last
84.5¢
Change
0.020(2.42%)
Mkt cap ! $415.5M
Open High Low Value Volume
80.0¢ 85.0¢ 80.0¢ $920.9K 1.102M

Buyers (Bids)

No. Vol. Price($)
1 10837 83.0¢
 

Sellers (Offers)

Price($) Vol. No.
85.0¢ 35096 3
View Market Depth
Last trade - 16.10pm 08/10/2024 (20 minute delay) ?
HUM (ASX) Chart
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