Fair points, nonetheless I still think even with LFS scrip being worth less now and potentially worth even less following a dump, we would still have some value ascribed to Hums consumer business, albeit a lot lower than they were pretending to be offering.
Right now, market cap reflects the commercial business only at EV of about 6x (if you allocate debt to commercial) and zero for consumer (inc cards).
At least we could have dumped the consumer business with LFS equity holders, released our capital and retained an interest in a properly valued commercial business.
If it go's private and AA is the instigator, then my theory will be proven.......he's rogering us.
Humm Valuation - What is Sensible, page-125
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Last
45.0¢ |
Change
0.010(2.27%) |
Mkt cap ! $221.1M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.0¢ | 43.5¢ | $35.28K | 79.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 44479 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 36618 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| HUM (ASX) Chart |