Restricted Cash in this instance is not a general corporate restriction - HUM has no corporate debt for such covenants nor is the cash availabe to pay debtors/creditors outside the securitisation and special purpose vehicles where the restricted cash sits.
HUM have sold receivables and loans to investors through it's securitisation programs.
Quoting - Note 5(1) Interim Report-The restricted cash represents amounts held as part of the Groups secured funding arrangements which it is not available to the group -restricted cash balances is distributed to various parties at future dates and is not available to the group for any other purpose.
Again I refer you to the Interim accounts - note 5 and 5 (1) - also note 12.
Takeover will unlock value ?, page-147
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Last
45.5¢ |
Change
-0.010(2.15%) |
Mkt cap ! $232.6M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 46.5¢ | 44.5¢ | $146.3K | 320.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13081 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 26077 | 3 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
45.5¢ |
Change
-0.010 ( 0.73 %) |
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| Open | High | Low | Volume | ||
| 45.0¢ | 46.0¢ | 44.5¢ | 58693 | ||
| Last updated 14.48pm 24/05/2024 ? | |||||
| HUM (ASX) Chart |