Ann: Appendix 3Y - Andrew Abercrombie, page-7

@A9997766@thunderhead1@kittyboomboom@diacosisgod@Raams Family

AA knows they have a better balance sheet...as i said in another post


Look at the bnpl sector (APT, Z1p, SZL) and the amount of BAD Debts they have reported anywhere from 17% to 45%
Vs
HUM, who provisioned $30m for bad debts last year and did not have to use it and only 2%+ bad debts appx for FY20-2021

then

APT, Z1p etc have reported Very high Ad cost ($70-$150m + ) for FY2021
Vs
HUM spend on marketing has been low, and to be honest I was expecting high cost as I have seen more of HUM marketing than others (Bus, Train, platforms, billboards, radio, newspaper, online etc).......better bang for buck IMO and sensibility spent funds

and

Cost of Operations for APT, Z1p was another high spending factor.......staff very well paid, or has money bleeded out
VS
HUMM actually reducing operating/staff cost in last 3 FY reports;

Some mature business operating capability shown by HUMM......time to fly little bird......and take on competition OS in similar way.