Added to YB: 2026-02-27
Pitch date: 2026-02-25
HUM.AX [bullish]
Humm Group Limited
+1.53%
current return
Author Info
Kingfish Capital is a special Situation investor based in Australia. Sign up for the newsletter.
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 329.7M
Pitch Price
AUD 0.66
Price Target
0.86 (+29%)
Dividend
3.03%
EV/EBITDA
N/A
P/E
14.26
EV/Sales
N/A
Sector
Consumer Finance
Category
special_situation
Hummmmm, you can’t do that!
HUM.AX (new position): BNPL co subject to activist campaign led by Jeremy Raper. Chairman AA bid 58c (~5x P/E, 0.75x NTA) while allegedly receiving non-public info, then bought $10M at 73c. Credit Corp bid 77c (+32% vs AA), denied due diligence. Takeover Panel investigating. Activist board spill vote March 13. Base case: win vote, immediate reval to 85c (+29%), potential $1-1.20 (+82-100%) on governance/capital allocation fixes. Downside ~60c (-9%) on chairman's prior bid floor. Retail sentiment strongly pro-activist.
Read full article (10 min)