HUM (ASX) R.J Explains....

Originally posted by joda ↑

Chase007 I think you have asked the right question for anyone who truly wants this business to fly, be sustainable and above all profitable.
i.e. "WHAT WOULD YOU DO"........... HC works best when we read added value not rethoric.

You really do wonder which BNPL is going to survive the next few years when growth seems to deliver the same balanced negative returns and requires constant "hands out" to the market for cash to prop up growth.
Seriously no body should buy into a Share Purchase Plan (SPP) just look at Openpay currently underway no matter how many wonderful announcements they have provided.
Announced 31/3 shares can be bought at $2.03 when day high $2.37. Closes on May 4th and currently $2.08 - not a lot of upside in that dilution. (17/3 it was $2.75)
HUMM has clearly stated no dilution planned here, they have the necessary funds and less than 500m shares to make it happen. Any rerate on those share nos would have to be material.
I do agree unfortunately with another thread a takeover based on a current share price of 90cents has to be a possibility and would be most opportune so I hope Abercrombie and Wylie have the wear with all with their share blocks to stick this out.

All last year, contributors on HC continually asked for ;

1/ get products digitally savy and deploy mined data through artifical intelligence i.e. leads for merchants
2/ invest for growth and stop the dividend as proof
3/ go overseas
4/ have a product that provides a service, unique if possible, is appreciated and drives its own customer referral - clearly HUMM is the lead.
5/ work through selling any unrelated legacy businesses

Am I disappointed that we are not $6 a share - you bet I am.
Like most, who does not like a quick buck but I am after millions here not thousands. Flexigroup was pretty broken when you think back with little synergy between the 24 products.
I like what they have done and I use HUMM and Bundll

On reviewing answers to the above requests of last year;
They actually have done or are committed to all of the above on a well publicised 3yr journey.
We are finally at the cross road.

The trading on this stock is frustrating and weird and looks like people are marking time trading the same shares again and again possibly through a shorting process that shakes out loose hands while a small margin is better than none at all. The fact that in recent days we have declined further (check out my last post) and hit 89.5 cents is now a management issue.
Net promoter score, EBITDA and Net Profit are crucial nos but for those who care share price for a company with 2.6m customers, 70k merchants and $2.5B + in turnover 89.5 cents does not cut it.

So instead of shooting the horse what do I want the rider to do to fix this delimma.
1/ increased general shareholder focussed communication would be good - let us be the judge of the news good or bad.
2/ a specific update on UK rollout and Canada has to be close
3/ the thought process with FlexiCommercial & Leasing is it or is it not for sale at the right price
4/ where is another cornerstone investor like Wylie who can bring some worldwide clout that will ultimately grow this business.
5/ anything else that will work to get the share price up - and NO to the naysayers: RJ stays unless you can articulate a better plan.

Lets see what happens !

Expand

Thanks Joda, a great summary.

On shorting, the short sold level ranges between 2 - 3.5% and currently at 2.96% In the old days FXL was shorted well above this level and the SP was was above $0.895 , in fact in reached $2.71 in Sep'19.

Shareholders also need clarity on the roll out in the US of what Douugh is doing as this is supposedly the Hum selected route in this large market.

I look forward to more of your thoughts.

Cheers...............Daicosisgod

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(20min delay)
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

Thanks Joda, a great summary. On shorting, the short sold level...

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Thanks Joda, a great summary. On shorting, the short sold level...

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