HUM 2.26% 86.5¢ humm group limited

You would think, but I don't think that the LARGEST share holder...

  1. 837 Posts.
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    You would think, but I don't think that the LARGEST share holder has not finished buying at these levels. Also, my opinion again is that they would like to hold onto that $100M in UNRESTRICTED CASH, for a "just in case" left field event occurring in the next 6-12 months.

    HUM needs to finally close the BNPL sector, meaning, Bundll and Little things and qualify these people and move them onto a credit card.
    Once this is done and hopefully we dont get a MASSIVE PROVISION from it, then this will clean up the balance sheet and stop these PROVISIONS once and for all.
    Then we can probably get back to $40M profit per half again and that would push the SP back over $1.
    But my opinion is once the balance sheet is cleaned up, you may see some of those TOP 20 SHARE HOLDERS begin to stir, the likes of RESIMAC and or THORN Group.

    If we do see again a TAKEOVER OFFER and a low ball off around the 70c mark, many would be keen to accept this. But I dont think the BIG holders would be happy, so that is when you will be the BUYBACK come into play and push the SP beyond what any prospective buy would want to pay.
    This is my opinion ,feel free to shoot me downsneaky.png
 
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86.5¢
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87.5¢ 88.5¢ 83.5¢ $3.770M 4.413M

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1 30954 84.0¢
 

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86.5¢ 96481 5
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