HUM

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79.0¢ humm group limited

this sums it up for me and why I moved reluctantly into the yes...

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tamz

4,985 Posts.

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10/03/22

13:35

Post #: 60113730
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Originally posted by sharetrader: ↑

I think we need to consider what it means to go with the deal or without the deal.

Yes HUM has great prospects, but you need to go for a greater ride through the cashburn of Canada and UK getting up and running and then come out the other side, time period = unknown.

This half's financials are somewhat distorted to the normal period, from falling Aust cards volumes impacting this half's profit, the increased investment for growth and the UK/ Canada BNPL system which they will back end into Aust/ NZ is eating the profits, this will continue until UK/ Canada can at least be break even, until then all other divisions will subsidise.

(As a disgression but not impacting this deal this half also had Forum Financial impact of between $8.1mil to $12mil depending on which aspect of the financials you look at.)

Or got into LFS, obtain the synergy benefits and the dividend is subsidised by the other parts of LFS as well subsidising the growth cash burn.

If HUM pays out at least 0.0471 per share then to my rudimentary calculation, this is the same as LFS dividend of 0.157 per share or 0.3 time your shareholding from income side = to the amount of LFS shares you get.

Share price wise - the profitability and financials will impact the HUM share price more so then as part of LFS where it is a smaller operation.

Unless the $300mil of Flight Centre and associated spending on HUM generates at least what we invest overseas.

The funding for BIg Things means our cash conversion is slower albeit the risk metrics are not showing that much deterioration.

So if LFS is a better deal, what risks are there, same = sentiment - the investment forums/ analysts appear to hate LFS more than HUM.
LFS financials don't look too bad, unsure of what the benefit is for their Treasury operations mentioned by AF compared to HUM's securitised book vs LFS wholesale funding?

But the ASX300 indice will make people like LFS.

So far am in the For corner. And its not because I agree we are getting a great price but that we are part of a bigger balance sheet because of the cash intensity of such an operation.

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this sums it up for me and why I moved reluctantly into the yes corner a few months ago….. I still don’t think my vote matters - with a simple majority needed the top 20 (holding 60% last time I looked), are going to decide this.

HUM Price at posting: 81.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 79.0¢		Change -0.010(1.25%)		Mkt cap ! $388.1M

Open	High	Low	Value	Volume
79.5¢	80.0¢	78.0¢	$510.9K	645.7K

Buyers (Bids)

No.	Vol.	Price($)
3	80183	78.0¢

Sellers (Offers)

Price($)	Vol.	No.
79.0¢	681	1

View Market Depth

No.	Vol.	Price($)
2	73565	0.780
3	35000	0.750
1	10000	0.745
1	6760	0.740
1	10000	0.730

Price($)	Vol.	No.
0.800	170948	5
0.810	69223	5
0.815	70000	2
0.820	68292	2
0.825	7800	2

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this sums it up for me and why I moved reluctantly into the yes...

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Vulcan appoints investment bank and M&A veteran to board

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Utah authorities sign off on Anson's lithium extraction plans at Green River

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

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this sums it up for me and why I moved reluctantly into the yes...

Top Stories

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Vulcan appoints investment bank and M&A veteran to board

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Utah authorities sign off on Anson's lithium extraction plans at Green River

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

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