HUM 1.81% 81.5¢ humm group limited

Ann: hummgroup announces change of Chair and receipt of proposals, page-183

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  1. 470 Posts.
    lightbulb Created with Sketch. 76
    Similar goings on with API (aka Priceline) where their 3-year SP trend up until July was not too dissimilar, albeit less drastic to Humm. In july they were trading at ~$1.10 when Wesfarmers made a TO bid at $1.40 (25% uplift). Since then Woolworths has come in to create a bidding war offering ~$1.75 (60% uplift from the $1.10).

    Many other factors at play in trying to draw a comparison, of course, but I think anyone expecting >120% uplift from SP at time of announcement is dreaming.

    My prediction is $1.50 being best case....$1.30-$1.35 likely. And, I think it will be a split with Latitude (or other other) taking BNPL, and AA/PE taking Credit

    Last edited by robertotaylorio: 21/12/21
 
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