Some interesting developments today between TGA and RMC.RMC buys ~$150m commercial loan book from TGA.Sales proceeds is $15m.By my calc, this is a price of roughly 1x NTA or slightly under (i.e. loan receivable less securitised finance).Big development as confirms pricing thus illustrating how underpriced HUM is at 0.3x BV - plus add in quality of HUM book (TGA desperate to sell yet got a good price).Interestingly both RMC and TGA held 15.8m and 5.6m shares respectively in HUM (at last notice).
One looking to grow and the other cashed-up.HUM too expensive for them IMO at ~$600m BV but still some competition helps.RMC CEO -The transaction supports the strategic growth objectives of Resimac’s Asset Finance division and follows a number of successful business and portfolio acquisitions Resimac has undertaken over time.TGA Chair -"We will be focusing on further opportunities, including new strategic investments in the non-banking financial services and wealth management sectors. Thorn is well capitalised to progress these opportunities.”
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Some interesting developments today between TGA and RMC.RMC buys...
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Last
48.5¢ |
Change
0.010(2.11%) |
Mkt cap ! $238.3M |
Open | High | Low | Value | Volume |
47.0¢ | 49.0¢ | 47.0¢ | $114.0K | 238.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
48.5¢ | 2682 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4000 | 0.480 |
1 | 2105 | 0.475 |
1 | 46000 | 0.470 |
1 | 10000 | 0.440 |
2 | 15109 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.485 | 2682 | 1 |
0.490 | 28444 | 1 |
0.495 | 20000 | 1 |
0.500 | 12115 | 7 |
0.505 | 8000 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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HUM (ASX) Chart |