HUM 2.27% 45.0¢ humm group limited

Humm Valuation - What is Sensible, page-116

  1. 124 Posts.
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    M&A chatter about the non-bank lenders continues.

    Private market knows they're all undervalued.

    PPM getting the attention (but no buyer) - maybe HUM next - best value IMO especially if it can convert from that stat NPAT result to norm CNPAT in FY24 (with a repricing kicker).
    But I want AA a seller not a buyer - I want his vested interests on my side - I'd worry he'd steal it for cheap (like he mentioned in that video a few months ago when reminiscing about taking private back in GFC when 20c SP).
    https://hotcopper.com.au/data/attachments/5576/5576007-0b2f6008f9e53e057e3ab762b481f3e8.jpg

    TA-wise, the bollies are tightening...
 
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