HUM 1.25% 40.5¢ humm group limited

I believe loans are backed with larger finance group funds whom...

  1. 325 Posts.
    I believe loans are backed with larger finance group funds whom deem this finance model to be quite a low risk due to most loans being at relatively low levels & payments also at quite low rates eg $20 pwk, however with benefits of relative high interest due to long term of repayments etc. As I understand goods cannot be repo'd, as today are deemed essential items & wouldn't be worth much anyway. As previously posted by another, the co has little debt & solid growth forcasts, however it would seem the hedge funds or shorters in this market volatility control & dictate the terms, possibly making huge profits when they target such co's on way down, then buy up big on the way up, leaving us smaller investors at times wondering what the hells going on. Personally I still hold & am considering buying more when i think i see a ground floor.
    Cheers & good luck to other long termers & DYOR
 
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