I doubled my holdings today to average down, now in for an...

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.