I doubled my holdings today to average down, now in for an average of 0.82c which I think is about right value for the company today, let alone in the future.
I read through the report and presentation last night, my points which lead me to my decision were:
- the sacrifice of profits on the smaller ventures (Bundll, hum pro etc) were significant and action has been taken to stop this leakage.
- Humm little things was also a big drain, glad to see NZ stopped.
- the board plan to mimic the commercial arm in NZ, brilliant.
- Humm big things is highly profitable and will be a main focus plus has limited competition.
- the loss from UK and Canada wasn't as bad as I thought (~$10m), personally I'd like to see at least the UK continue for big things.
- the company has a huge cash surplus and undrawn corporate debt facility, I'm expecting there to be takeover opportunities in the future
- plus Humm is still highly profitable even with all the profits being sacrificed as disclosed, which again action has been taken to close off the unprofitable lines.
- with interest rates increasing and people having less disposable income, this should push people into more debt and be a positive (on the condition bad debts remain in check, which management seem to have a tight control over)
I believe it's a real chance for $100m plus NPAT in the next 2-3 years which would be a multi bagger from here.
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Last
46.0¢ |
Change
-0.005(1.08%) |
Mkt cap ! $226.0M |
Open | High | Low | Value | Volume |
46.0¢ | 47.0¢ | 45.5¢ | $65.01K | 141.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2529 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 15046 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2529 | 0.460 |
2 | 30001 | 0.450 |
2 | 49479 | 0.445 |
1 | 47619 | 0.435 |
1 | 20000 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.470 | 15046 | 3 |
0.475 | 14000 | 2 |
0.480 | 98369 | 4 |
0.485 | 20500 | 1 |
0.490 | 20039 | 3 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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