HUM 2.27% 45.0¢ humm group limited

Ann: Update - Notification of buy-back - HUM, page-12

  1. 5,406 Posts.
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    Their commercial business is outstanding and worth at least twice current market cap if it were to be spun off.

    After debt that would leave a consumer cards business and some garbage consumer stuff.....worth $100m ish

    Net value is around $350m after repaying convertible pref and corp debt of combined $130m

    On any sensible analysis, share value is comfortably 70 cents.

    Just have to wait and collect 4% yield while others to get comfortable that the games of the last few years are finished.

 
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