Major Estimate Revision • May 26
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from AU$0.067 to AU$0.058. Revenue forecast unchanged from AU$666.1m at last update. Net income forecast to grow 63% next year vs 12% growth forecast for Consumer Finance industry in Australia. Consensus price target of AU$0.86 unchanged from last update. Share price fell 3.3% to AU$0.59 over the past week. Board Change • May 14
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Terry Fleming is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Andrew Darbyshire was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Feb 18
First half dividend increased to AU$0.015 Dividend of AU$0.015 is 20% higher than last year. Ex-date: 19th February 2026 Payment date: 26th March 2026 Dividend yield will be 3.2%, which is lower than the industry average of 5.7%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 127% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 16
Humm Group Limited Announces Interim Ordinary Dividend for the Half-Year Ended 31 December 2025, Payable on March 26, 2026 Humm Group Limited announced the interim ordinary dividend of AUD 0.0150000 per share for the Half-Year Ended 31 December 2025, payable on March 26, 2026. Record date for determining entitlements to the dividends: 20 February 2026. Ex Date 19 February 2026. New Risk • Feb 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.7% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.7% net profit margin). Announcement • Feb 11
Humm Group Limited to Report First Half, 2026 Results on Feb 11, 2026 Humm Group Limited announced that they will report first half, 2026 results on Feb 11, 2026 Announcement • Dec 17
Credit Corp Group Limited (ASX:CCP) proposed a non-binding indicative proposal to acquire Humm Group Limited (ASX:HUM) for approximately AUD 380 million. Credit Corp Group Limited (ASX:CCP) proposed a non-binding indicative proposal to acquire Humm Group Limited (ASX:HUM) for approximately AUD 380 million on November 19, 2025. A cash consideration valued at AUD 0.77 per share will be paid by Credit Corp Group Limited. As part of consideration, (i) a proposed scheme of arrangement at AUD 0.77 per hummgroup share in cash (less any dividends or distributions declared after 19 November 2025); or alternatively, (ii) should the scheme of arrangement be unsuccessful, an off-market takeover offer at AUD 0.72 per share in cash (less any dividends or distributions declared after 19 November 2025), conditional upon Credit Corp achieving acceptances for 50.1% of hummgroup's shares. Directors are committed to acting in the best interests of all hummgroup shareholders and are open to supporting a proposal that they believe represents appropriate value for shareholders.
The proposal is subject to numerous conditions, including satisfactory completion of due diligence, final Credit Corp Board approval, negotiation of binding transaction documents, unanimous recommendation by hummgroup's Independent Board Committee, regulatory approvals and finalization of Credit Corp's financing arrangements. No binding agreement exists between hummgroup and Credit Corp, and there is no certainty that any transaction will proceed. The Board has informed Credit Corp that it is willing to engage on the proposal and has offered to provide due diligence, subject to settling a market standard non-disclosure agreement. hummgroup shareholders do not need to take any action at this time.
Flagstaff Partners Pty Ltd acted as financial advisor for Humm Group Limited. Macquarie Capital Limited acted as financial advisor for Credit Corp Group Limited. Announcement • Nov 06
The Abercrombie Group Pty Ltd cancelled the acquisition of additional 73.40% stake in Humm Group Limited (ASX:HUM). The Abercrombie Group Pty Ltd signed a non-binding indicative offer to acquire an additional 73.40% stake in Humm Group Limited (ASX:HUM) for approximately AUD 210 million on June 23, 2025. A cash consideration valued at AUD 0.58 per share will be paid by The Abercrombie Group Pty Ltd. The cash offer price would be adjusted for any dividends or capital returns made by hummgroup prior to implementation of the scheme of arrangement. The Abercrombie Group is the family office of hummgroup Board Chair Andrew Abercrombie. TAG and its associates hold 26.6% of the shares on issue in hummgroup.
The Offer is expressed to be non-binding and is subject to a number of conditions, including completion of due diligence satisfactory to TAG and entry into by TAG and hummgroup of a mutually agreed scheme implementation deed. Implementation of the scheme of arrangement under the SID would be conditional on (among other things) customary approval of the hummgroup shareholders by the required majority and by the Court. An independent committee of the hummgroup Board of Directors (IBC) has been formed comprised of the independent non-executive directors, Andrew Darbyshire, Teresa Fleming and Robert Hines and authority to consider and respond to the Offer has been delegated to the IBC. The IBC has determined to allow TAG a period of 4 weeks to undertake targeted due diligence to enable TAG to make a binding offer.
K & L Gates acted as legal advisor for Humm Group Limited. Gresham Partners Limited acted as financial advisor for The Abercrombie Group Pty Ltd. MinterEllison acted as legal advisor for The Abercrombie Group Pty Ltd.
The Abercrombie Group Pty Ltd cancelled the acquisition of additional 73.40% stake in Humm Group Limited (ASX:HUM) on June 23, 2025. The Abercrombie Group Pty Ltd and the hummgroup Independent Board Committee (“IBC”) have agreed to conclude discussions regarding The Abercrombie Group Pty Ltd's non-binding indicative proposal and The Abercrombie Group Pty Ltd has withdrawn the proposal.This proposal was structured to allow shareholders to have the ultimate decision-making power. However, since the submission of the proposal, it became apparent that it lacked the support of several key shareholders, leading to the conclusion of discussions and the withdrawal of the proposal. Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from AU$0.116 to AU$0.096. Revenue forecast unchanged from AU$696.1m at last update. Net income forecast to grow 35% next year vs 20% growth forecast for Consumer Finance industry in Australia. Consensus price target down from AU$0.85 to AU$0.81. Share price rose 5.6% to AU$0.66 over the past week. Declared Dividend • Aug 30
Final dividend of AU$0.0075 announced Shareholders will receive a dividend of AU$0.0075. Ex-date: 3rd September 2025 Payment date: 7th October 2025 Dividend yield will be 3.2%, which is lower than the industry average of 5.7%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 29
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: AU$0.071 (up from AU$0.004 in FY 2024). Revenue: AU$281.4m (up 16% from FY 2024). Net income: AU$39.6m (up AU$37.7m from FY 2024). Profit margin: 14% (up from 0.8% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Finance industry in Australia. Over the last 3 years on average, earnings per share has increased by 138% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Aug 28
Humm Group Limited, Annual General Meeting, Nov 12, 2025 Humm Group Limited, Annual General Meeting, Nov 12, 2025. Announcement • Aug 25
Humm Group Limited to Report Fiscal Year 2025 Results on Aug 29, 2025 Humm Group Limited announced that they will report fiscal year 2025 results at 10:00 AM, AUS Eastern Standard Time on Aug 29, 2025 Announcement • Jun 25
The Abercrombie Group Pty Ltd signed a non-binding indicative offer to acquire an additional 73.40% stake in Humm Group Limited (ASX:HUM) for AUD 210 million. The Abercrombie Group Pty Ltd signed a non-binding indicative offer to acquire an additional 73.40% stake in Humm Group Limited (ASX:HUM) for AUD 210 million on June 23, 2025. A cash consideration valued at AUD 0.58 per share will be paid by The Abercrombie Group Pty Ltd. The cash offer price would be adjusted for any dividends or capital returns made by hummgroup prior to implementation of the scheme of arrangement. The Abercrombie Group is the family office of hummgroup Board Chair Andrew Abercrombie. TAG and its associates hold 26.6% of the shares on issue in hummgroup.
The Offer is expressed to be non-binding and is subject to a number of conditions, including completion of due diligence satisfactory to TAG and entry into by TAG and hummgroup of a mutually agreed scheme implementation deed. Implementation of the scheme of arrangement under the SID would be conditional on (among other things) customary approval of the hummgroup shareholders by the required majority and by the Court. An independent committee of the hummgroup Board of Directors (IBC) has been formed comprised of the independent non-executive directors, Andrew Darbyshire, Teresa Fleming and Robert Hines and authority to consider and respond to the Offer has been delegated to the IBC. The IBC has determined to allow TAG a period of 4 weeks to undertake targeted due diligence to enable TAG to make a binding offer.
K & L Gates acted as legal advisor for Humm Group Limited. Gresham Partners Limited acted as financial advisor for The Abercrombie Group Pty Ltd. MinterEllison acted as legal advisor for The Abercrombie Group Pty Ltd. New Risk • May 30
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$1.8m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (AU$1.8m sold). Recent Insider Transactions • May 30
Insider recently sold AU$1.8m worth of stock On the 28th of May, John Wylie sold around 4m shares on-market at roughly AU$0.48 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.6m more than they bought in the last 12 months. Price Target Changed • May 13
Price target increased by 15% to AU$0.95 Up from AU$0.83, the current price target is an average from 2 analysts. New target price is 81% above last closing price of AU$0.53. Stock is up 24% over the past year. The company is forecast to post earnings per share of AU$0.11 for next year compared to AU$0.0038 last year. Announcement • Mar 28
Humm Group Limited Announces Resignation of Mr. Paris George as Company Secretary, Effective March 28, 2025 Humm Group Limited announced the resignation of Mr. Paris George as Company Secretary of the company with effect from 28 March 2025. Ms. Kimberly Sue remains a Company Secretary of the company. Recent Insider Transactions • Mar 28
Independent Non-Executive Director recently bought AU$53k worth of stock On the 21st of March, Robert Hines bought around 101k shares on-market at roughly AU$0.53 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$152k more in shares than they have sold in the last 12 months. Announcement • Mar 18
Humm Group Limited Announces Appointment of Kimberly Sue as Company Secretary Humm Group Limited announced the appointment of Ms. Kimberly Sue as a Company Secretary of the Company with effect from 17 March 2025. Mr. Paris George remains a company secretary of the Company and is the person responsible for communications with ASX under Listing Rule 12.6. Major Estimate Revision • Feb 24
Consensus EPS estimates increase by 29%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from AU$672.4m to AU$663.0m. EPS estimate rose from AU$0.079 to AU$0.101. Net income forecast to grow 50% next year vs 39% growth forecast for Consumer Finance industry in Australia. Consensus price target broadly unchanged at AU$0.83. Share price fell 8.7% to AU$0.63 over the past week. Declared Dividend • Feb 20
First half dividend increased to AU$0.013 Dividend of AU$0.013 is 67% higher than last year. Ex-date: 24th February 2025 Payment date: 2nd April 2025 Dividend yield will be 4.0%, which is lower than the industry average of 5.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 19
First half 2025 earnings released: EPS: AU$0.043 (vs AU$0.017 loss in 1H 2024) First half 2025 results: EPS: AU$0.043 (up from AU$0.017 loss in 1H 2024). Revenue: AU$147.5m (up 24% from 1H 2024). Net income: AU$27.3m (up AU$33.3m from 1H 2024). Profit margin: 19% (up from net loss in 1H 2024). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Finance industry in Australia. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Feb 18
Humm Group Limited Announces Interim Ordinary Fully Franked Dividend for the Half-Year Ended 31 December 2024, Payable on April 2, 2025 Humm Group Limited announced the interim ordinary Fully Franked dividend of AUD 0.01250000 per share for the Half-Year Ended 31 December 2024, payable on 2 April 2025. Record date for determining entitlements to the dividends: 25 February 2025 for 2024 interim ordinary dividend. Ex Date 24 February 2025. Announcement • Feb 05
Humm Group Limited to Report First Half, 2025 Results on Feb 18, 2025 Humm Group Limited announced that they will report first half, 2025 results on Feb 18, 2025 Announcement • Jan 14
Humm Group Limited Announces Company Secretary Changes humm group limited announced the appointment of Mr. Paris George, Chief Legal Officer (Acting), as Company Secretary of hummgroup with effect from 14 January 2025 and the resignation of Ms. Lisa-Anne Carey as Company Secretary of hummgroup with effect from 31 January 2025. From 31 January 2025, Mr. George will be the person responsible for communications with ASX under Listing Rule 12.6. Announcement • Dec 20
Humm Group Limited Announces Resignation of Christina Seppelt as Company Secretary, Effective 31 December 2024 humm group limited announced the resignation of Ms Christina Seppelt as Company Secretary of the Company with effect from 31 December 2024. Ms Lisa-Anne Carey remains a company secretary of the Company and is the person responsible for communications with ASX under Listing Rule 12.6. Recent Insider Transactions • Dec 07
Independent Non-Executive Director recently bought AU$50k worth of stock On the 28th of November, Robert Hines bought around 74k shares on-market at roughly AU$0.68 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$99k more in shares than they have sold in the last 12 months. Major Estimate Revision • Nov 29
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$685.8m to AU$670.6m. EPS estimate also fell from AU$0.073 per share to AU$0.06 per share. Net income forecast to grow 2,154% next year vs 62% growth forecast for Consumer Finance industry in Australia. Consensus price target of AU$0.79 unchanged from last update. Share price fell 20% to AU$0.65 over the past week. Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Founding Non-Independent Non-Executive Chairman of the Board Andrew Abercrombie is the most experienced director on the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Oct 25
Humm Group Limited, Annual General Meeting, Nov 28, 2024 Humm Group Limited, Annual General Meeting, Nov 28, 2024. Location: offices of k&l gates lawyers, level 31, 1 o`connell street, sydney nsw 2000 Australia Announcement • Oct 21
Hummgroup Announces Board Changes humm group limited announced the appointment of Mr. Andrew Darbyshire AM as an independent non-executive director of hummgroup. Mr. Darbyshire has over 35 years' proven experience in digital transformation and point-of-sale software development as well as over 10 years' experience in electronic engineering. He was CEO and founder of Pacsoft Pty Ltd. which provided unique inventory control for complex retail environments. Throughout his tenure as CEO of Pacsoft Mr. Darbyshire was instrumental in the development of Pacsoft for Windows and the release of the first iOS app for retail hardware stores whereby Pacsoft became the world leader in retail technology for large timber and hardware stores. Following the sale of Pacsoft Mr. Darbyshire founded TranscendXL Pty Ltd. which invented TXL script, to enable rapid application development. In the 2012 Australia Day honours, Mr. Darbyshire was made a member of the Order of Australia for service to the community as a supporter of research into child-related brain conditions, through contributions to special needs children and their families, and to the arts. Mr. Darbyshire's Board appointments include Zoos Victoria Foundation, The Song Room, Child Abuse Prevention Research Australia at Monash University (Chair), Caitlin's Retreat (founder), Petstock Foundation and Authentic Entertainment Limited. Mr. Darbyshire's vast digital and technology experience and his service to the community expand the breadth and depth of experience on the hummgroup Board. Mr. Anthony Thomson has advised the Board of his intention to resign as a director of hummgroup before the end of the year. Announcement • Aug 23
Humm Group Limited Announces Ordinary Fully Franked Final Dividend for the Six Months Ended June 30, 2024, Payable on October 3, 2024 Humm Group Limited announced an ordinary fully franked final dividend of AUD 0.01250000 per share relates to a period of six months ended June 30, 2024. The ex-date is August 27, 2024, record date is August 28, 2023, and payment date is October 3, 2024. Declared Dividend • Aug 23
Final dividend of AU$0.013 announced Shareholders will receive a dividend of AU$0.013. Ex-date: 27th August 2024 Payment date: 3rd October 2024 Dividend yield will be 2.9%, which is lower than the industry average of 5.7%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 5x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 485% to bring the payout ratio under control. EPS is expected to grow by 94% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 21
Full year 2024 earnings: Revenues exceed analyst expectations Full year 2024 results: Revenue: AU$243.7m (down 1.7% from FY 2023). Net income: AU$7.10m (up AU$8.80m from FY 2023). Profit margin: 2.9% (up from net loss in FY 2023). Revenue exceeded analyst estimates by 1.7%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Consumer Finance industry in Australia. Announcement • Aug 16
Humm Group Limited to Report Fiscal Year 2024 Results on Aug 21, 2024 Humm Group Limited announced that they will report fiscal year 2024 results on Aug 21, 2024 Declared Dividend • Feb 22
First half dividend reduced to AU$0.0075 Dividend of AU$0.0075 is 25% lower than last year. Ex-date: 26th February 2024 Payment date: 3rd April 2024 Dividend yield will be 3.4%, which is lower than the industry average of 5.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Feb 22
First half 2024 earnings released: AU$0.017 loss per share (vs AU$0.011 profit in 1H 2023) First half 2024 results: AU$0.017 loss per share (down from AU$0.011 profit in 1H 2023). Revenue: AU$118.6m (down 9.1% from 1H 2023). Net loss: AU$6.00m (down 180% from profit in 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Australia. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Announcement • Feb 20
Humm Group Limited Announces Interim Ordinary Fully Franked Dividend for the Half-Year Ended 31 December 2023, Payable on 3 April 2024 Humm Group Limited announced the interim ordinary Fully Franked dividend of 0.75 cent per share for the Half-Year Ended 31 December 2023, payable on 3 April 2024. Record date for determining entitlements to the dividends: 27 February 2024 for 2024 interim ordinary dividend. Announcement • Feb 07
Humm Group Limited to Report First Half, 2024 Results on Feb 20, 2024 Humm Group Limited announced that they will report first half, 2024 results on Feb 20, 2024 Reported Earnings • Aug 24
Full year 2023 earnings released Full year 2023 results: Revenue: AU$248.0m (down 15% from FY 2022). Net income: AU$2.90m (up AU$177.2m from FY 2022). Profit margin: 1.2% (up from net loss in FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Aug 11
Humm Group Limited to Report Fiscal Year 2023 Results on Aug 24, 2023 Humm Group Limited announced that they will report fiscal year 2023 results on Aug 24, 2023 Recent Insider Transactions • Jun 30
Key Executive recently bought AU$88k worth of stock On the 22nd of June, Andrew Abercrombie bought around 208k shares on-market at roughly AU$0.42 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$420k. Andrew has been a buyer over the last 12 months, purchasing a net total of AU$2.3m worth in shares. Recent Insider Transactions • Jun 01
Key Executive recently bought AU$200k worth of stock On the 24th of May, Andrew Abercrombie bought around 475k shares on-market at roughly AU$0.42 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$420k. Andrew has been a buyer over the last 12 months, purchasing a net total of AU$13m worth in shares. Recent Insider Transactions • May 23
Key Executive recently bought AU$263k worth of stock On the 15th of May, Andrew Abercrombie bought around 591k shares on-market at roughly AU$0.44 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Andrew has been a buyer over the last 12 months, purchasing a net total of AU$12m worth in shares. Recent Insider Transactions • May 19
Key Executive recently bought AU$91k worth of stock On the 11th of May, Andrew Abercrombie bought around 218k shares on-market at roughly AU$0.42 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$137k. Andrew has been a buyer over the last 12 months, purchasing a net total of AU$12m worth in shares. Recent Insider Transactions • Mar 15
Key Executive recently bought AU$128k worth of stock On the 7th of March, Andrew Abercrombie bought around 253k shares on-market at roughly AU$0.51 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$137k. Andrew has been a buyer over the last 12 months, purchasing a net total of AU$12m worth in shares. Recent Insider Transactions • Mar 10
Key Executive recently bought AU$137k worth of stock On the 1st of March, Andrew Abercrombie bought around 276k shares on-market at roughly AU$0.50 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Andrew has been a buyer over the last 12 months, purchasing a net total of AU$12m worth in shares. Price Target Changed • Feb 28
Price target decreased by 25% to AU$0.54 Down from AU$0.71, the current price target is an average from 2 analysts. New target price is 5.9% above last closing price of AU$0.51. Stock is down 44% over the past year. The company is forecast to post earnings per share of AU$0.015 next year compared to a net loss per share of AU$0.35 last year. Reported Earnings • Feb 24
First half 2023 earnings released: EPS: AU$0.011 (vs AU$0.34 loss in 1H 2022) First half 2023 results: EPS: AU$0.011 (up from AU$0.34 loss in 1H 2022). Revenue: AU$130.5m (down 18% from 1H 2022). Net income: AU$7.50m (up AU$175.8m from 1H 2022). Profit margin: 5.7% (up from net loss in 1H 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Finance industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Feb 14
Humm Group Limited to Report First Half, 2023 Results on Feb 23, 2023 Humm Group Limited announced that they will report first half, 2023 results on Feb 23, 2023 Recent Insider Transactions • Dec 10
Key Executive recently bought AU$55k worth of stock On the 7th of December, Andrew Abercrombie bought around 101k shares on-market at roughly AU$0.55 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$60k. Andrew has been a buyer over the last 12 months, purchasing a net total of AU$11m worth in shares. Recent Insider Transactions • Nov 24
Independent Non-Executive Director recently bought AU$60k worth of stock On the 21st of November, Robert Hines bought around 100k shares on-market at roughly AU$0.60 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$11m more in shares than they have sold in the last 12 months. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Founding Non-Independent Non-Executive Chairman of the Board Andrew Abercrombie is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Founding Non-Independent Non-Executive Chairman of the Board Andrew Abercrombie is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Sep 30
humm group limited Appoints Non-Executive Directors and Company Secretary humm group limited announced the appointment of Mr. Anthony Thomson and Mr. Robert Hines as independent Non-Executive Directors of hummgroup. Mr. Thomson has a deep and extensive background in financial services in both Australia and the United Kingdom, most notably as Co-Founder and Chairman of neo bank 86 400 which was acquired by National Australia Bank in 2021. Prior to this role, he was also Founder and Chairman of two banks in the United Kingdom. In 2008 he launched Metro Bank, the first new High Street Bank in the UK for over 150 years, stepping down from this role in 2012. Following this, Mr. Thomson founded and chaired Europe's first mobile-only bank, Atom Bank PLC. Mr. Thomson is an independent Non-Executive Director of Wio, a digital bank based in the UAE, and an advisory board member of Bank ABC, based in Bahrain. He is the former Chairman of Zip Co's UK business. Mr. Hines brings over 35 years' experience in banking, finance and funds management services, agriculture and energy sectors with senior executive roles focusing on finance, retail and operations. His breadth of experience covers mergers and acquisitions, capital funding, strategic financial advice, liquidity management and corporate and financial risk management. Mr. Hines has held executive positions of Chief Financial Officer and Chief Operating Officer at some of Australia's leading companies including, Queensland Sugar Limited, Queensland Investment Corporation, Bank of Queensland Limited and Suncorp Group Limited. In addition, Mr. Hines is a Non-Executive Director of Cash Converters International Ltd. and Mackay Sugar Limited. hummgroup also announces the appointment of Ms Lisa-Anne Carey as Company Secretary. Ms. Christina Seppelt will also continue as Company Secretary of hummgroup. Reported Earnings • Aug 26
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: AU$0.35 loss per share (down from AU$0.12 profit in FY 2021). Revenue: AU$292.9m (down 5.8% from FY 2021). Net loss: AU$170.3m (down 398% from profit in FY 2021). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 45%. Over the next year, revenue is forecast to grow 81%, compared to a 29% growth forecast for the Consumer Finance industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Aug 23
Humm Group Limited Announces Change of Company Secretary humm group limited announced the resignation of Ms. Isobel Rogerson as a Company Secretary of the company with effect from 23 August 2022. Ms. Christina Seppelt remains as Company Secretary of the company. Announcement • Aug 18
Humm Group Limited to Report Q4, 2022 Results on Aug 25, 2022 Humm Group Limited announced that they will report Q4, 2022 results on Aug 25, 2022 Board Change • Aug 01
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Founding Non-Independent Non-Executive Chairman of the Board Andrew Abercrombie is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 30
Humm Group Limited Announces Board Changes Humm Group Limited announced the retirement of Ms Christine Christian AO, Mr. Rajeev Dhawan and Ms Carole Campbell from the Company Board, effective immediately. Mr. Andrew Abercrombie has been appointed as Chair of the Board, following Ms Christian's resignation. Ms Christian was appointed as a Non-Executive Director of the Company in December 2016 and has served as Chair of the Board since December 2021, and as Chair of the Board Risk and Compliance Committee since December 2016. Ms Christian has also been a member of the Board Audit Committee since December 2016. Mr. Dhawan has been a member of the Company's Board since listing on the ASX in December 2006, and has most recently been Chair of the Board People and Remuneration Committee, and a member of the Risk and Compliance Committee. Ms Campbell joined the Board in May 2018, and has been Chair of the Board Audit Committee since that time. Ms Campbell has also been a member of the Board People and Remuneration Committee during her tenure with the Company. The Company is also pleased to announce the appointment of Mr. Stuart Grimshaw to the hummgroup board, effective today. Mr. Grimshaw brings many years of experience in the banking and financial services industry, including as CEO of Bank of Queensland. He is currently a director of Bionic Vision Technologies Pty Ltd, Millennium Services Group Ltd., Jungle Capital Pty Ltd, and BidFin Pty Ltd. Additionally, the Board has appointed Ms Terry Fleming as a Non-Executive Director of the Company as it continues its search for experienced directors to join the hummgroup Board. Ms Fleming currently Chairs the Company's Irish business, and brings with her extensive experience on the boards of a number of International and Irish corporates in a diverse range of industries including financial services, publicly quoted companies and the State sector. Ms Fleming's background is as a corporate taxation consultant with PwC Ireland. Mr. Andrew Abercrombie, hummgroup's Chairman, thanked Ms Christian, Ms Campbell and Mr. Dhawan for their service to the Company over many years, and welcomed Mr. Grimshaw and Ms Fleming to the Board. Announcement • Jun 22
Humm Group Limited Announces Board Changes Humm Group Limited announced that the Majority Directors believe that it is in shareholders' interests for changes to the composition of the Board of Directors to be made in an orderly fashion. As such, the following will occur: Alistair Muir and John Wylie AC have notified their decision to resign, effective immediately; and Carole Campbell, Christine Christian AO and Rajeev Dhawan will resign once replacement directors have been appointed. This will enable a new Board of Directors to take the Company forward and deal with the challenges and opportunities ahead. Major Estimate Revision • Jun 22
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from AU$472.0m to AU$478.9m. Forecast EPS reduced from -AU$0.17 to -AU$0.24 per share. Consumer Finance industry in Australia expected to see average net income growth of 13% next year. Consensus price target down from AU$1.18 to AU$0.88. Share price fell 22% to AU$0.53 over the past week. Price Target Changed • Jun 18
Price target decreased to AU$1.05 Down from AU$1.25, the current price target is an average from 2 analysts. New target price is 133% above last closing price of AU$0.45. Stock is down 57% over the past year. The company is forecast to post a net loss per share of AU$0.30 compared to earnings per share of AU$0.12 last year. Recent Insider Transactions • Jun 08
Key Executive recently bought AU$2.1m worth of stock On the 3rd of June, Andrew Abercrombie bought around 3m shares on-market at roughly AU$0.77 per share. This was the largest purchase by an insider in the last 3 months. Andrew has been a buyer over the last 12 months, purchasing a net total of AU$2.7m worth in shares. Announcement • May 27
Humm Group Limited Announces Change of Company Secretary humm group limited announced the resignation of Ms Belinda Hannover as Company Secretary of hummgroup with effect from 27 May 2022. The Board has appointed Ms Christina Seppelt as a Company Secretary of hummgroup with effect from 27 May 2022. Ms Isobel Rogerson remains a Company Secretary of hummgroup. Price Target Changed • Feb 28
Price target increased to AU$1.43 Up from AU$1.26, the current price target is provided by 1 analyst. New target price is 62% above last closing price of AU$0.88. Stock is down 13% over the past year. The company posted earnings per share of AU$0.12 last year. Reported Earnings • Feb 24
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: AU$0.34 loss per share (down from AU$0.086 profit in 1H 2021). Revenue: AU$159.5m (down 1.5% from 1H 2021). Net loss: AU$168.3m (down AU$207.7m from profit in 1H 2021). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 70%, compared to a 76% growth forecast for the industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Feb 22
Humm Group Limited Announces Dividend for the Six Months Ended December 31, 2021, Payable on April 6, 2022 Humm Group Limited announced dividend for the six months ended December 31, 2021 of AUD 0.01700000 per share. Ex-date is February 28, 2022. Record date is March 1, 2022. Payment date is April 6, 2022. Announcement • Feb 21
Suitors Reportedly Circle Humm's Commercial Leasing Arm Humm Group Limited (ASX:HUM) has been approached about its commercial leasing arm, but the prices offered were opportunistic. Sources believe Andrew Abercrombie, the founding shareholder who controls more than 20% of the stock and is on the board, was not happy with the offers and will stay at the company and run it himself if a better offer does not surface. Sources say Humm will only sell the remainder if it achieves fair value and is now on the hunt for a new chief executive. As earlier reported by DataRoom, Cerberus Capital Management, L.P. private equity is known to have been a suitor for Humm's commercial leasing unit, but some believe it now may turn its attention to Maia Financial, owned by HPS and Kohlberg Kravis Roberts and up for sale through Gresham Partners, if Humm is not prepared to do a deal. Announcement • Feb 17
Humm Group Limited to Report Q2, 2022 Results on Feb 22, 2022 Humm Group Limited announced that they will report Q2, 2022 results on Feb 22, 2022 Recent Insider Transactions • Aug 27
Non-Independent Non-Executive Chairman recently bought AU$459k worth of stock On the 23rd of August, Andrew Abercrombie bought around 454k shares on-market at roughly AU$1.01 per share. This was the largest purchase by an insider in the last 3 months. Andrew has been a buyer over the last 12 months, purchasing a net total of AU$2.3m worth in shares. Reported Earnings • Aug 22
Full year 2021 earnings released: EPS AU$0.12 (vs AU$0.053 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$311.0m (up 27% from FY 2020). Net income: AU$57.1m (up 172% from FY 2020). Profit margin: 18% (up from 8.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Aug 20
Consensus EPS estimates fall to AU$0.096 The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from AU$521.6m to AU$482.5m. EPS estimate also fell from AU$0.11 to AU$0.096. Net income forecast to grow 119% next year vs 16% growth forecast for Consumer Finance industry in Australia. Consensus price target broadly unchanged at AU$1.28. Share price rose 9.4% to AU$1.05 over the past week. Announcement • Jun 03
humm group limited Launches Humm TAPP humm group limited announced it has launched humm//TAPP instore. A digital card that enables shoppers to simply tap their digital wallet to make a purchase at any humm merchant in Australia, regardless of the instore point of sale system. With the launch of TAPP, merchants will benefit from the significantly reduced costs, resources, and time (up to three months) traditionally required for buy now pay later instore integration. All humm merchants are now enabled to facilitate TAPP digital card payments, including the 300 merchants signed in 3Q21and not yet integrated. Customers simply activate the humm "card" icon from their humm app, load TAPP into their digital wallet, and then tap-and-go.1 This makes for a more seamless and secure payment experience. TAPP payments utilise the Mastercard® network. Recent Insider Transactions • May 07
Independent Non-Executive Chairman recently bought AU$921k worth of stock On the 3rd of May, Andrew Abercrombie bought around 1m shares on-market at roughly AU$0.92 per share. This was the largest purchase by an insider in the last 3 months. Andrew has been a buyer over the last 12 months, purchasing a net total of AU$1.0m worth in shares. Recent Insider Transactions • Mar 25
Independent Non-Executive Director recently bought AU$485k worth of stock On the 23rd of March, John Wylie bought around 495k shares on-market at roughly AU$0.98 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$640k more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Feb 24
New 90-day low: AU$1.08 The company is down 13% from its price of AU$1.25 on 26 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 48% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.75 per share. Major Estimate Revision • Feb 20
Analysts update estimates The 2021 consensus earning per share (EPS) estimate increased from AU$0.13 to AU$0.15. Revenue estimate for the same period was approximately flat at AU$427.8m. Net income is expected to grow by 276% next year compared to 242% growth forecast for the Consumer Finance industry in Australia. The consensus price target increased from AU$1.45 to AU$1.47. Share price is up 2.4% to AU$1.27 over the past week. Is New 90 Day High Low • Feb 08
New 90-day high: AU$1.29 The company is up 24% from its price of AU$1.04 on 10 November 2020. The Australian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Finance industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.74 per share. Announcement • Jan 29
Humm Group Limited to Report First Half, 2021 Results on Feb 24, 2021 Humm Group Limited announced that they will report first half, 2021 results on Feb 24, 2021 Announcement • Dec 01
Humm Group Limited Enters into a Non-Binding Memorandum of Understanding with Neobank Douugh humm group limited announce it has entered into a non-binding Memorandum of Understanding with neobank Douugh to launch a Douugh-branded buy now pay anywhere feature into the U.S market in first half of 2022, through a proposed joint venture. Douugh will utilise humm's technology platform to manage a line of credit up to USD 1,000 to eligible customers through a dedicated `Credit Jar' on Douugh's platform and virtual Mastercard, allowing customers to meet urgent expenses and pay back over six weekly instalments. This is the first proposed joint venture generated by humm ventures, an initiative to explore new and innovative ways to rapidly expand the global reach and distribution of humm's technology and capabilities. It comes two weeks after humm ventures announced its first strategic partnership with Mastercard to work with Mastercard's partners to drive adoption of bundll and support development. The proposed joint venture is subject to: completion of due diligence by both parties; humm and Douugh entering into a formal binding agreement setting out the full terms of the JV including term, fees, and commencement date, entering into a licensing agreement with Douugh's US banking partner; and Douugh's platform being fully operational. Is New 90 Day High Low • Dec 01
New 90-day high: AU$1.28 The company is up 16% from its price of AU$1.11 on 02 September 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.60 per share. Major Estimate Revision • Nov 26
Analysts update estimates The 2021 consensus earning per share (EPS) estimate increased from AU$0.098 to AU$0.12. Revenue estimate for the same period was approximately flat at AU$429.9m. Net income is expected to grow by 212% next year compared to 155% growth forecast for the Consumer Finance industry in Australia. The consensus price target increased from AU$1.38 to AU$1.44. Share price is up 10% to AU$1.25 over the past week. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 22% share price gain to AU$1.27, the stock is trading at a trailing P/E ratio of 25.9x, up from the previous P/E ratio of 21.4x. This compares to an average P/E of 23x in the Consumer Finance industry in Australia. Total return to shareholders over the past three years is a loss of 11%. 