I have been watching Humm/Flexigroup for some time and decided to start buying last week for the following reasons . 1. Very cheap in comparison to its peers.Profitable 2. Provisioning for impairments should be partly written back in the half year . 3. Growth rate of new business seems to be accelerating . 4. Dividends should be reinstated shortly . 5. I think private equity would be all over the stock at current depressed levels ,need to look at board members to see how many have a lot of experience in private equity . 6. John Wylie is not know to let the grass grow under his feet and has 5% of the stock .
HUM Price at posting:
$1.26 Sentiment: Buy Disclosure: Held
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