mate- 1) Not done. They have historically been very adverse to institutional scrutiny. Look at the share register. That's what they needs to change. Its a structured ongoing process - yes even offshore - not just an annual "Investor Day" with happy talk and a deck. 2) Yes, done- finally.........but not without years of lost support from "retail". Retail investing in Australia today is almost exclusively SMSF and they prefer dividends because of franking rebates. 3) Not Done. Yes, Crombo has picked up more opportunistically, but it should be all of them putting their money into the best investment they have encountered in their lifetime, as insiders. 4) They have no debt at the corporate level. Its inefficient to have zero debt, and to say that debt in of itself is a death bell, is just naïve. Almost every company in the US has geared up during eth pandemic to buy back stock because the after tax cost of debt is far far lower than the earnings yield they will get at a PE of 5x ( ie c18%). It should be a no brainer that also returns cash to shareholders.
HUM Price at posting:
74.5¢ Sentiment: Buy Disclosure: Held
