Added to YB: 2026-07-17
Pitch date: 2026-07-11
HUM.AX [neutral]
Humm Group Limited
+2.13%
current return
Author Info
Spread Hunters is an investor community focused on hunting spreads: opportunities where there is a mismatch between market price and the value we see in special situations, merger arbitrage, odd‑lots and other corporate events. 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 229.5M
Pitch Price
AUD 0.47
Price Target
N/A
Dividend
4.40%
EV/EBITDA
N/A
P/E
9.83
EV/Sales
N/A
Sector
Consumer Finance
Category
special_situation
Monthly SpreadHunters Monitoring - HUMM GROUP (ASX: HUM) - Arbitrage & take over
HUM.AX (update): Arbitrage/takeover thesis broken. After 7-month saga, Credit Corp withdrew 6/19, cutting its $0.77 offer citing DD issues; IBC rejected, stock -23% to $0.44-0.50. Board renewed (Abercrombie out but suing Panel), but TAG's 26.4% stake blocks schemes. Q3 fundamentals deteriorating (originations -8.6% YoY). No catalyst; 4.4x P/E discount vs 10x peers may persist. Reassessing.
Read full article (4 min)