Added to YB: 2026-07-10
Pitch date: 2026-07-08
HUM.AX [neutral]
Humm Group Limited
Author Info
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Company Info
Humm Group Limited, together with its subsidiaries, provides various financial products and services in Australia, New Zealand, Ireland, the United Kingdom, and Canada.
Market Cap
AUD 242.1M
Pitch Price
AUD 0.48
Price Target
1.20 (+150%)
Dividend
4.17%
EV/EBITDA
N/A
P/E
10.37
EV/Sales
N/A
Sector
Consumer Finance
Category
special_situation
Humm Group: it's a SOTP Thesis Now??
HUM.AX (exited position): Author crystallizing capital loss on failed activist thesis (entered A$0.70, PT A$1.00-1.20). Original bull case—$15M special div, 10% buyback, 75% payout—collapsed after chairman Abercrombie's governance dysfunction (Takeovers Panel declared unacceptable circumstances). CCP walked from takeover w/ reduced bid. Raper now pivots to SOTP breakup (sell Commercial division), but author re-underwrites & passes given re-underwriting doesn't justify holding.
Read full article (4 min)