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.
- Forums
- ASX - By Stock
- HUM Daily Charts
I doubled my holdings today to average down, now in for an...
-
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour
NEWS
New gold and silver soil anomalies uncovered at Black Range, strengthening exploration potential
Add HUM (ASX) to my watchlist
(20min delay)
|
|||||
Last
85.5¢ |
Change
0.005(0.59%) |
Mkt cap ! $420.4M |
Open | High | Low | Value | Volume |
85.0¢ | 86.3¢ | 83.5¢ | $739.8K | 868.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5052 | 84.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
86.0¢ | 7500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5052 | 0.845 |
1 | 5052 | 0.840 |
1 | 90000 | 0.820 |
1 | 1100 | 0.805 |
4 | 97500 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.860 | 7500 | 1 |
0.865 | 10246 | 2 |
0.870 | 62261 | 7 |
0.875 | 40627 | 2 |
0.880 | 177857 | 13 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
Featured News
HUM (ASX) Chart |