@puppyeh1 Avatar @puppyeh1 Jeremy Raper

Jeremy Raper posts on X about $humax, in the, if you, $bslax the most. They currently have [------] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours.

Engagements: [------] #

Engagements Line Chart

Mentions: [--] #

Mentions Line Chart

Followers: [------] #

Followers Line Chart

CreatorRank: [-------] #

CreatorRank Line Chart

Social Influence

Social category influence finance 23.08% countries 8.28% travel destinations 4.73% stocks 4.73% currencies 4.14% cryptocurrencies 1.18% automotive brands 1.18% vc firms 0.59% technology brands 0.59%

Social topic influence $humax #1, in the 10.06%, if you 8.28%, $bslax #3, this is 5.92%, $sghax #1, market 5.92%, japan #1155, business 4.14%, investment #448

Top accounts mentioned or mentioned by @toy59496 @bjb88 @cheapskatevalue @therealdavey2 @nobodybutm3 @brenontheroad @chrisdemuthjr @willkim85 @eadatt @maiuspartners @bargainticker @damian_roy @nobody_but_m3 @joinyellowbrick @clarksquarecap @damianroy @globetrotmatt @hkuppy @leerespecter @austerfelix

Top assets mentioned Steel Dynamics, Inc. (STLD) Cellebrite DI Ltd. Class A Ordinary Shares (CLBT)

Top Social Posts

Top posts by engagements in the last [--] hours

"🚨🚨 $HUM.AX ALERT if you own via IBKR and have NOT voted you need to VOTE ASAP 🚨🚨🚨 This is crucially important. Every vote counts. Today is likely the last day you can vote pre-meeting.you may need to expedite your vote as well if you havent done so yet. Thank you for your support.🙏🙏 https://twitter.com/i/web/status/2021361927990149149 https://twitter.com/i/web/status/2021361927990149149"
X Link 2026-02-10T23:13Z 54K followers, [----] engagements

"Just an average Thursday in Watsons Bay ❤"
X Link 2026-02-12T06:42Z 54K followers, [----] engagements

"$HUM.AX last [--] days or so to vote and the incumbents are getting desperate.should I be flattered So many errors in here its embarassing 😀 https://voteagainstthem.com https://voteagainstthem.com"
X Link 2026-02-10T10:00Z 54K followers, 14.1K engagements

"And there it is.$AQZ.AX.what's interesting is the w/down is on the old (non-Qantas) fleet.the 'core' biz that was supposedly highly cash-generative absent the Qantas contract. Still fairly amazing they could put out a book value reiteration less than 2mos ago then impair $160mm in one hit.but this is the ASX. https://announcements.asx.com.au/asxpdf/20260212/pdf/06w7s2vjnm0f7f.pdf $AQZ.AX Alliance Aviation.here is where I got to after examining it a little deeper.not very far. Too many 🚩🚩 https://t.co/sfsYnHfgB5 https://announcements.asx.com.au/asxpdf/20260212/pdf/06w7s2vjnm0f7f.pdf $AQZ.AX"
X Link 2026-02-12T08:15Z 54K followers, 13.1K engagements

"Does anyone have any suggestions on who to engage for an independent equity valuation to be presented before the (Australian) courts under a Corps Act s664 proceeding The context is compulsory acquisition of a minority interest (here $PGH.AX). 🙏🙏"
X Link 2026-02-13T02:32Z 54K followers, [----] engagements

"This Sun Corp $6736.T vs Celebrite $CLBT rel value unlock is a pretty good example of the kind of value available in Japan that just didnt happen a few yrs ago. massive H/T to @ClarkSquareCap who nailed this one. I made no $$ here but its pretty instructive in what to look for imo"
X Link 2024-06-12T04:16Z 53.9K followers, 64.3K engagements

"What should do here the UAE is offering to buy $STO.AX a fairly strategic oil/LNG producer (2nd largest here). Price is generous. UAE is not China. And they will invest into the assets - something STO has been unwilling/unable to do consistently. But do we want the UAE owning this forever Very tough one. Not sure where I land on it. https://twitter.com/i/web/status/1934738143334551737 https://twitter.com/i/web/status/1934738143334551737"
X Link 2025-06-16T22:21Z 54K followers, 10.6K engagements

"In March [----] - peak COVID - I had a 70% drawdown (on my entire net worth mind you). Was visiting family in Tokyo sleeping on the in-laws couch and tearing my hair out nightly thinking I'd have to drive a truck for the next [--] yrs. Went to have lunch w/ a friend - a senior banker at a bulge-bracket firm on the trading desk. He had a duffel full of Yen - maybe $1mm in cash - and a cpl of gold bars as well. Me: 'what the hell are you carrying that around for' Him: 'Its my nest egg. I'm moving it from Shinsei (shitty Japanese bank) to SMBC (bullet proof Japanese bank) this afternoon. Didn't you"
X Link 2025-07-28T12:41Z 53.9K followers, 95K engagements

"Is cliff sosin a good investor Genuine question. What is the right way to assess his track/portfolio construction objectively Prompted by the excellent Andrew Walker/Artem folkin pod discussion that just went up"
X Link 2025-08-21T22:53Z 53.9K followers, 75.8K engagements

"This is an insane transaction. Insane. I thought the US had laws against greenmail these days. Why didnt they do a Dutch tender at that kind of price and give all shareholders the similar windfall Paying 60% above market is massively disadvantaging any other shareholders. Disclosure - no position. $RICK acquiring shares from ADW at a 60% premium to pre-announce price 🤔🤔🤔 https://t.co/ZZY7P9ULQ7 $RICK acquiring shares from ADW at a 60% premium to pre-announce price 🤔🤔🤔 https://t.co/ZZY7P9ULQ7"
X Link 2025-11-21T22:46Z 53.9K followers, 95.9K engagements

"Im going to out on a limb and declare this isnt the actual Sergio Ermotti (former UBS chairman etc) offering me a business deal😰"
X Link 2025-12-04T23:15Z 53.9K followers, [----] engagements

"Why is $SGH.AX offering 18x EV/EBIT for a (largely) commodity steel business Putting aside chance of getting deal done the industrial and financial logic for the transaction seems.minimal. BlueScope non-US - the piece $SGH.AX ends up w/ - did $400mm of EBIT last yr on $8.4bn assets. https://twitter.com/i/web/status/2008747775513813082 https://twitter.com/i/web/status/2008747775513813082"
X Link 2026-01-07T03:49Z 53.9K followers, 20K engagements

".but the secondary problem is steel (even w/ some premium segments) is simply far more commodity than their other biz lines. Correlation b/w $BSL.AX EBIT and global HRC (commodity steel px) benchmarks is (obvi) very high"
X Link 2026-01-07T03:49Z 53.9K followers, [----] engagements

"New trade idea - $BSL.AX. Not a huge amount of $$ to be made but I think v high likelihood of overbid in the +10% context. To be clear per below I don't think $SGH.AX should be doing this - but I think they will. Then BoD will be forced whether to engage on something like $33/share. At that point you can sell and make 5-10% from current or let it ride (if you like). Why do I think an overbid is inevitable 👇👇 Why is $SGH.AX offering 18x EV/EBIT for a (largely) commodity steel business Putting aside chance of getting deal done the industrial and financial logic for the transaction"
X Link 2026-01-09T02:17Z 53.9K followers, 24.4K engagements

"So in sum you have: - a committed consortium that has spent over 12mos chasing this who chose to leak and knew BoD would come out against - a BoD valn argument that implies a dealing price up 10-15% (not insurmountable) - and large shareholders who will need a bump to be convinced"
X Link 2026-01-09T02:18Z 53.9K followers, [----] engagements

"Expect a $32-33/share bump perhaps with best and final language to land in the next month. Again - it won't make you rich but it will make you $$ (imo). DYODD. GLTA. Long (mid-size position). $BSL.AX"
X Link 2026-01-09T02:18Z 53.9K followers, [----] engagements

"Those proposals didn't include $SGH.AX.but point is clearly the new consortium knew day [--] that $30 would not get board approval (and given shape of register not be actionable). Why would $STLD + partner go public at $30 when $33 was rejected Only to allow for a public"
X Link 2026-01-10T22:36Z 53.9K followers, [----] engagements

".bump and marketing to the tune of 'we have significantly raised our original offer' etc etc even though they always intended to raise if they wanted to win. This plus the $BSL.AX defence implying a mid-$30s px is true fair value again suggests there is plenty of room for"
X Link 2026-01-10T22:36Z 53.9K followers, [----] engagements

".a bump that gets us paid near term and also deal likelihood to increase significantly. Next move is $SGH.AX goes to $33+ then we play on from there"
X Link 2026-01-10T22:36Z 53.9K followers, [----] engagements

"Anti trust enforcement is ultimately a political decision. I believe its highly impossibly unlikely that a Trump administration has any kind of problem with a US co acquiring US domiciled assets from an Australian co (whether $BSL.AX or $SGH.AX). Trump loves the outcome of this deal. IMO regulatory risk here on any aspect of the transaction is essentially zero @puppyeh1 Agreed. The US regulatory risk is small but a quick HHI and dHHI on the narrowly defined market for flat roll steel substrate (raw steel sheet/coil usually hot-rolled coil (HRC) or cold-rolled coil (CRC)) does reach the"
X Link 2026-01-11T09:18Z 53.9K followers, 10.2K engagements

"$HUM.AX UPDATE step-by-step voting guide if you hold your shares through Interactive Brokers IBKR 🚨🚨 please see attached screenshots. you need to raise a manual ticket with the text as per below. you can copy my language word for word (and edit to your sharecount) to vote - please ensure Client Services confirms receipt; that there are no issues w/ the instruction; and that the votes have been instructed to the registry. Thank you $HUM.AX deep dive 🧵number 2: What does the current Board offer In any EGM/Board renewal situation it's crucial to understand the diff b/w status quo and the"
X Link 2026-01-14T02:09Z 53.9K followers, 27K engagements

"Still more to play for $BSL.AX $BSL.AX : Arbitrage This seems to be working well. https://t.co/0aAHD2EODu https://t.co/mcXCxoEb9M $BSL.AX : Arbitrage This seems to be working well. https://t.co/0aAHD2EODu https://t.co/mcXCxoEb9M"
X Link 2026-01-15T03:30Z 53.9K followers, 10.3K engagements

"@toy59496 only because a bidder came along. absent takeover tension $BSL.AX (to me) wasn't and isn't cheap at all. but one bidder thinks its cheap and desperately wants it so.🤷♂🤷♂"
X Link 2026-01-15T05:50Z 53.9K followers, [----] engagements

"$HUM.AX UPDATE 🚨🚨 AFR now reporting at the time Abercrombie purchased 15mm shares - 3% of the company - he had: - access to a 100-page info pack re the underlying biz (not prev disclosed to the market) - knowledge that Humm had won Flight Centre on a key credit card contract (not prev disclosed to market) - detailed further info on recent loan loss rates in the biz (not prev disclosed to the market) https://www.afr.com/companies/financial-services/anton-tagliaferro-comes-out-swinging-against-humm-board-chair-20260127-p5nxes $HUM.AX Humm Group update: A third party investor Akat Investments"
X Link 2026-01-27T09:10Z 53.9K followers, 44.6K engagements

"sometimes you just have to punt out of stuff.like $BSL.AX. Sold all my shares last cpl days.why - been dragging quite a bit vs orig offer no real reason to delay imo and thesis predicated on real overbid from $SGH.AX - stock is up (adj for div $31.5 vs low $29s entry) Still prob works out but just a 'meh' now.just taking the tiny w small $$ and moving on 🤷♂ GLTAH $BSL.AX now engaging other parties incl JV partners (ie more synergized buyers). Definitely a leak by BSL management likely designed to smoke out $SGH.AX best offer Hardly a surprise expect a meaningful overbid (or maybe two) in the"
X Link 2026-01-29T23:25Z 53.9K followers, [----] engagements

"$HUM.AX Humm Group Limited 🚨🚨 https://rapercapital.com/wp-content/uploads/2026/01/Letter-to-ARC-30Jan26.docx https://rapercapital.com/wp-content/uploads/2026/01/Letter-to-ARC-30Jan26.docx"
X Link 2026-01-30T05:47Z 53.9K followers, 14K engagements

"As far as criminally genius trading strategies gothis is pretty damn good 👌👌 "Announce a hawkish fed chair that nobody saw coming." "Liquidate all the paper hands in gold and silver before the weekend." "Keep oil roughly flat-to-up to keep everyone interested." "Schedule the B-1 bombers to strike Iran at 4:05PM ET after market close." https://t.co/c79uFGElYI "Announce a hawkish fed chair that nobody saw coming." "Liquidate all the paper hands in gold and silver before the weekend." "Keep oil roughly flat-to-up to keep everyone interested." "Schedule the B-1 bombers to strike Iran at 4:05PM"
X Link 2026-01-31T01:27Z 53.9K followers, 20.3K engagements

"Put it in the louvre crowned Scamath the SPAC King in [----] launches [--] Social Capital Hedosophia SPACs (IPOA through IPOF) raises billions pumps them to retail says hes "democratizing" investing pockets free promote shares worth hundreds of millions regardless of performance https://t.co/aRAAkstuoA crowned Scamath the SPAC King in [----] launches [--] Social Capital Hedosophia SPACs (IPOA through IPOF) raises billions pumps them to retail says hes "democratizing" investing pockets free promote shares worth hundreds of millions regardless of performance https://t.co/aRAAkstuoA"
X Link 2026-01-31T01:29Z 53.9K followers, 17.7K engagements

"$HUM.AX my reading is an incremental $3-4mm of cost to the balance sheet (difference b/w total provisions of $15mm vs $19mm judgement incl all cost). In return a v large legacy legal risk (the [----] claim) and all FF legacy risk is gone. Another nice development https://announcements.asx.com.au/asxpdf/20260203/pdf/06vxdb35rfn6c7.pdf https://announcements.asx.com.au/asxpdf/20260203/pdf/06vxdb35rfn6c7.pdf"
X Link 2026-02-03T04:10Z 53.9K followers, [----] engagements

"$SNDK spun out from $WDC less than a year agoas a multi bn co with a mammoth independent history (ie uber well known and covered by the street)at like $35 a share or so. It is now borderline $700 and thus has near 20xed in under a year. One for the record books 🤯🤯"
X Link 2026-02-04T10:17Z 53.9K followers, 11.4K engagements

"$HUM.AX this is how your incumbent board is spending shareholder money.spam ads on Hotcopper 🤮"
X Link 2026-02-05T02:47Z 54K followers, [----] engagements

"Does it get any better"
X Link 2026-02-06T08:57Z 53.9K followers, [----] engagements

"$HUM.AX Big news in the non-bank lender space. Pepper Money $PPM.AX getting taken out (probs) by Challenger at $2.6/share cash.looks to me about a $1.16bn market cap. This is about 1.8x P/NTA and 11x CY P/E. Not apples to apples vs $HUM.AX but one of the better listed comps. https://hotcopper.com.au/threads/ann-response-to-media-speculation.9010234/ https://hotcopper.com.au/threads/ann-response-to-media-speculation.9010234/"
X Link 2026-02-08T22:17Z 53.9K followers, [----] engagements

"@ChrisDeMuthJr Haha thanks Chris"
X Link 2026-02-10T10:44Z 53.9K followers, [---] engagements

"$HUM.AX This is a hilarious - and idiotic - redefinition of unrestricted cash. Zero need to fully fund drawn corporate debt on the balance sheet. If this were the case you would just repay the debt stat. Joke of a slide highly misleading"
X Link 2026-02-10T22:36Z 53.9K followers, [----] engagements

"@bjb88 Then why do most all financials generally report a Return on Tangible Equity number"
X Link 2026-02-11T19:18Z 53.9K followers, [---] engagements

"@cheapskatevalue Minimal or no leverage. High concentration. Active position turnover and recycling of capital. Tax efficient setup (essentially zero tax drag Singapore domicile)"
X Link 2026-02-11T20:23Z 53.9K followers, [---] engagements

"@bjb88 @willkim85 you cant comp a miner at end-of-life to a consumer financial.that's a totally wild comparison. the depreciated value of the investment - whether intangible or tangible - and how it generates ongoing returns is just completely diff in this kind of biz"
X Link 2026-02-12T00:50Z 53.9K followers, [---] engagements

"@Damian_Roy scene down there on a summer sunset is unbeatable. unbeatable"
X Link 2026-02-12T09:41Z 53.9K followers, [---] engagements

"@_globetrotmatt They are just as robotic in Sydney Tokyo New York. Zombies everywhere. Thats not a Singapore problem its a smartphone problem"
X Link 2026-02-12T22:11Z 54K followers, [---] engagements

"@Nobody_But_M3 Thank you sir You are a mensch 🙏"
X Link 2026-02-13T02:33Z 54K followers, [---] engagements

"Signing off for the yearAnother blessed year🙏 stopping the blog allowed the freedom of imagination and clarity of thought to pursue a no of highly profitable trades free and clear. Closing in on 200x lifetime returns about a 55% CAGR over 12yrs"
X Link 2025-12-30T03:20Z 54K followers, 369.5K engagements

"Major winners: $6249.T $EDU.AX $AER $JLG.AX $AVAP.LN $PGH.AX $TFG.LN $WOW $NLOP $MCE.AX $AL $HUM.AX a bunch of other Japanese names. Major losers: $MYX.AX $BRAG.TO $AQZ.AX In general Aussie event-related was a massive contributor"
X Link 2025-12-30T03:20Z 54K followers, 18.7K engagements

"I will make one more $AQZ.AX comment. This section of the PR - suggesting the E190s are worth $67mm more than book - is a tougie (imo). We know these planes are on DEEPLY underwater wet leases with Qantas and $AQZ.AX has no contractual exit from those for many years (5+). In aircraft leasing you need to look at 'lease encumbered value' not just straight third-party asset value (assuming zero encumberences). Ie there is zero chance there is a third-party bid for the E190s with the leases attached at $67mm over book. If there was the co would have dumped the planes stat and taken the cash. The"
X Link 2026-02-12T09:41Z 54K followers, [----] engagements

"Not a single participation from anyone in the Commercial segment (bulk of value of the company and profit center). Not a single person. $HUM.AX This is what Andrew Abercrombie is spending shareholder $$ on 🧐 https://t.co/3kdVDH4uSQ $HUM.AX This is what Andrew Abercrombie is spending shareholder $$ on 🧐 https://t.co/3kdVDH4uSQ"
X Link 2026-02-13T02:07Z 54K followers, [----] engagements

"$HUM.AX my thoughts on this video $HUM.AX This is what Andrew Abercrombie is spending shareholder $$ on 🧐 https://t.co/3kdVDH4uSQ $HUM.AX This is what Andrew Abercrombie is spending shareholder $$ on 🧐 https://t.co/3kdVDH4uSQ"
X Link 2026-02-13T03:02Z 54K followers, 12.7K engagements

"@Nobody_But_M3 @toy59496 Thanks guys"
X Link 2026-02-15T06:36Z 54K followers, [---] engagements

"🚨🚨 $HUM.AX today is the last day to vote your shares for the EGM (on Thurs) unless you show up at the meeting to vote in person. If you wish to have any hope of getting proper capital allocation; proper engagement w/ Credit Corp; and no further expropriation of your investment by the largest shareholder you must vote for change NOW. Thank you for all your support ✊✊👊👊 https://www.afr.com/companies/financial-services/humm-co-founder-s-fiery-stoush-with-activist-investors-comes-to-a-head-20260209-p5o0nq"
X Link 2026-02-15T22:10Z 54K followers, 12.1K engagements

"As a Harvard History alum this sickens me 🤮 The Harvard History department has a class where undergrads just help fill out asylum applications for illegal aliens: https://t.co/R0mPYxvF1Y The Harvard History department has a class where undergrads just help fill out asylum applications for illegal aliens: https://t.co/R0mPYxvF1Y"
X Link 2026-02-16T03:57Z 54K followers, [----] engagements

"$6957.JT Shibaura now getting done - w/ the foreign hostile bidder (Yageo) winning advised by domestic banks.YUGE news for activism in Japan. I believe this is the first successful foreign hostile bid in Japanese M&A history.🎇🎇 https://asia.nikkei.com/business/business-deals/taiwan-s-yageo-expects-japan-national-security-nod-for-shibaura-buyout When Yageo wanted to do a hostile bid on Shibaura it tapped Mitsubishi UFJ Morgan Stanley Securities for advisory role Problem however was affiliate Mitsubishi UFJ Bank had long been one of main banks for Shibaura It's been a taboo for a securities"
X Link 2025-08-28T01:28Z 54K followers, 22.5K engagements

"$AQZ.AX Alliance Aviation.here is where I got to after examining it a little deeper.not very far. Too many 🚩🚩 Is anyone deep on Alliance Aviation $AQZ.AX I mean really deep. Busted merger arb ostensibly the cheapest airline/aircraft exposed name in developed markets worldwide (0.45x tangible book). Complex accounts. Fair bit of hair but (for now) still profitable and cash Is anyone deep on Alliance Aviation $AQZ.AX I mean really deep. Busted merger arb ostensibly the cheapest airline/aircraft exposed name in developed markets worldwide (0.45x tangible book). Complex accounts. Fair bit of"
X Link 2025-12-05T09:39Z 54K followers, 19.5K engagements

"One further thought re $BSL.AX I forgot in the original 🧵. In their defence BSL mgmt specifically mentions 2-3 prior $STLD bids.incl an early [----] one of an implied $33/share total value. New trade idea - $BSL.AX. Not a huge amount of $$ to be made but I think v high likelihood of overbid in the +10% context. To be clear per below I don't think $SGH.AX should be doing this - but I think they will. Then BoD will be forced whether to engage on something like New trade idea - $BSL.AX. Not a huge amount of $$ to be made but I think v high likelihood of overbid in the +10% context. To be clear"
X Link 2026-01-10T22:36Z 54K followers, 17.4K engagements

"$BSL.AX BlueScope.this is evolving nicely and largely as expected.act [--] in the overbid/higher price drama is generally 'large shareholders go on the tape calling for a strategic review'.well look what we have here. Now $SGH.AX + $STLD know they need to overbid stat to avoid comp.expect it within a week I reckon. https://www.afr.com/companies/manufacturing/bluescope-s-biggest-investors-say-us-empire-should-be-sold-or-listed-20260116-p5nuhe One further thought re $BSL.AX I forgot in the original 🧵. In their defence BSL mgmt specifically mentions 2-3 prior $STLD bids.incl an early [----] one of"
X Link 2026-01-16T02:49Z 54K followers, [----] engagements

"$BSL.AX now engaging other parties incl JV partners (ie more synergized buyers). Definitely a leak by BSL management likely designed to smoke out $SGH.AX best offer Hardly a surprise expect a meaningful overbid (or maybe two) in the near term $BSL $BSL.AX Bluescope Steel @puppyeh1 https://t.co/aWfWHzoUa1 $BSL $BSL.AX Bluescope Steel @puppyeh1 https://t.co/aWfWHzoUa1"
X Link 2026-01-26T09:39Z 54K followers, 16.8K engagements

"NEW event trade idea: Web Travel $WEB.AX. Rare opportunity imo $WEB.AX fell 30% on Friday (from $4.5 to $3) after announcing a tax audit into its Spanish subsidiary. I think this is a MASSIVE overreaction. Stock today is $3.37 but I think impact of audit is near-enough to zero and in any case likely immaterial. This is not $CTD.AX 👇👇"
X Link 2026-02-09T00:34Z 54K followers, 33.4K engagements

"Stock was already cheapish at $4.5 but we are playing for discrete removal of Spanish audit worry to get back to $4.5 in pretty short order. Evidence: 1) Co has come out and reiterated guidance unambiguously"
X Link 2026-02-09T00:34Z 54K followers, [----] engagements

"$WEB.AX I forgot to mention one thing - the biz is $250mm net cash (vs a pre-event mkt cap of $1.6bn) meaning the move in enterprise value is actually far more significant than the simple market cap move (which was $410mm as of a $3.4/shr stock px). Ie EV has derated [---] turns of EBITDA - all for an audit that seems likely to - worst case - cost 10% of one yrs EBITDA maybe in 2yrs time. NEW event trade idea: Web Travel $WEB.AX. Rare opportunity imo $WEB.AX fell 30% on Friday (from $4.5 to $3) after announcing a tax audit into its Spanish subsidiary. I think this is a MASSIVE overreaction."
X Link 2026-02-09T00:46Z 54K followers, 16.1K engagements

"5) ROE. Reported RoE is 5.6%. Keep in mind this does NOT adjusted out for intangibles. Tangible assets are 83c per share; tangible earnings (statutory NOT adjusted) are 5.6c per share. Annualizing the true RoE is 13.5%. Ofc this is higher again if you give credit for adjustments but you don't need to"
X Link 2026-02-10T22:53Z 54K followers, [----] engagements

"@bjb88 @willkim85 Ok so what do you do if/when goodwill gets written down to zero Then RoE magically goes up with no consequence. If you accept the intangibles are not contributing to equity capital buffer right now (which obviously they are not) the distinction you are suggesting is artificial"
X Link 2026-02-11T21:50Z 54K followers, [---] engagements

"Everyone in the west who is semi interested in what is happening in their countries should read up on Singaporean history. Eg Lee Kwan Yews Memoirs (Im reading currently). Not everything is applicable and certainly not easy. But they got far more right than wrong; and seem far happier richer and better prepared for the present challenges than basically all the other rich Western countries Ive lived in or observe. Japan - High trust society - Delicious food - Highly homogenous population Singapore - High trust society - Delicious food - Highly diverse population You literally get what you"
X Link 2026-02-11T21:56Z 54K followers, 62.1K engagements

"RT @TheRealDavey2: If you hold $HUM.ax shares on Interactive Brokers to vote you need to go to: Message Center New Ticket click throug"
X Link 2026-02-12T05:29Z 54K followers, [--] engagements

"RT @TheRealDavey2: $HUM.ax proxies for the upcoming EGM must be overwhelmingly FOR rolling this Board. Vote if you haven't. The Chairman h"
X Link 2026-02-12T08:13Z 54K followers, [--] engagements

"RT @hkuppy: Its literally day [--] of AI Losers are the new Asbestos. Were like [--] years from any of this shit bottoming. If youre buying"
X Link 2026-02-13T02:01Z 54K followers, [--] engagements

"$HUM.AX This is what Andrew Abercrombie is spending shareholder $$ on 🧐 https://m.youtube.com/watchv=MSBfptvYUqI https://m.youtube.com/watchv=MSBfptvYUqI"
X Link 2026-02-13T02:05Z 54K followers, 36K engagements

"Class capacity: limited 🤡 Harvard has a course about what it is like to be a Black person underwater in a tree or in the sky: https://t.co/4rHrOHPkmD Harvard has a course about what it is like to be a Black person underwater in a tree or in the sky: https://t.co/4rHrOHPkmD"
X Link 2026-02-13T23:18Z 54K followers, [----] engagements

"RT @LeeRespecter: Lee Kuan Yew brought in the Ethnic Integration Policy (1989) imposing racial quotas in each housing block and precinct t"
X Link 2026-02-13T23:23Z 54K followers, [--] engagements

"Quick notes on $HUM.AX pre-call. Pls forgive typos etc but want to get this out there. TL;DR: numbers are fine to good. Lots of self-serving redefinitions etc and clear rewriting of prior history (ie the 1Q Trading update). Will highlight just a few examples"
X Link 2026-02-10T22:53Z 54K followers, 12K engagements

"Overall the numbers are good and certainly much better than 1) the 1Q update that was designed to downramp the market and 2) much better than the portrayal today even suggests. $HUM.AX"
X Link 2026-02-10T22:53Z 54K followers, [----] engagements

"1) hes in Japan so comp vs the Nikkei and then understand how incredible the performance is 2) who says he didnt also hang out with his family and friends Whats with the hate just bec he obviously loves trading Bro started in [----] with $390k day trades full time and has $14m at [--] years old. He spends [--] years looking at monitors instead of spending time with his family friends and grand kids only to make half of a passive low-fee index ETF. A $390k investment in the S&P [---] in https://t.co/AP2zULukfO Bro started in [----] with $390k day trades full time and has $14m at [--] years old. He spends"
X Link 2026-02-16T10:06Z 54K followers, 16.8K engagements

"Great mini profile on my man @eadatt and his incredible performance over the last [--] yearswow 20% compound post fees through all kinds of environments.if I wasnt a degenerate speculator myself I might have to sign over my own 💰to youeither way pretty amazing stuff well done 👌👊✊"
X Link 2025-11-30T22:09Z 50.7K followers, 21.9K engagements

"@auster_felix @eadatt Not a bad idea actually"
X Link 2025-12-01T03:51Z 50.6K followers, [---] engagements

"$EDU.AX out w/ banger announcement lifting FY25 guidance substantially - to inline w/ my nos ☺ - along w/ 13% buyback from Mulpha @ 55c/share. A fair few implications. https://hotcopper.com.au/threads/ann-fy25-guidance-upgrade-selective-buy-back-initiative.8915047/#post-81880978 Forgot to append the updated model $EDU.AX 👇👇 https://t.co/NAFRqCLgeb https://hotcopper.com.au/threads/ann-fy25-guidance-upgrade-selective-buy-back-initiative.8915047/#post-81880978 Forgot to append the updated model $EDU.AX 👇👇 https://t.co/NAFRqCLgeb"
X Link 2025-12-01T07:26Z 50.7K followers, 20.4K engagements

"Realistically they should get more credit for moves like this - keep in mind they have no retired 17% of the co in a single year here. Before this move it traded at 3.1x EV/EBITDA. One turn expansion - not a huge amount - puts you at 94c on my numbers next yr"
X Link 2025-12-01T07:26Z 50.7K followers, [---] engagements

"4) Overhang removed. Where is the incremental seller after this Investec is basically out. Mulpha down to near 5% (assume they exit next six mos). Otherwise mgmt collectively owns 23% and have only added over last yr. This transaction is essentially another way to add exposure"
X Link 2025-12-01T07:26Z 50.7K followers, 15.3K engagements

"$EDU.AX and now the coverage startsPetra out this AM saying its worth $1.6/share and they havent event adjusted for the buyback or earnings upgrade Basically saying 7x EV/ebitda is fairversus peers/transaction multiples etc. $EDU.AX out w/ banger announcement lifting FY25 guidance substantially - to inline w/ my nos ☺ - along w/ 13% buyback from Mulpha @ 55c/share. https://t.co/uuhMQvgnqd A fair few implications. $EDU.AX out w/ banger announcement lifting FY25 guidance substantially - to inline w/ my nos ☺ - along w/ 13% buyback from Mulpha @ 55c/share. https://t.co/uuhMQvgnqd A fair few"
X Link 2025-12-01T22:23Z 50.7K followers, 11.3K engagements

"@Nobody_But_M3 my favorite kinda chart.just like my perf vs the market chart :)"
X Link 2025-12-01T23:57Z 50.6K followers, [---] engagements

"@ToffCap $HUM.AX Value unlock via activism 4x earnings ex cash vs peers at 10-13x special divs buybacks new div policy post activism would lead to double. DYODD I have a $15mm position"
X Link 2025-12-02T00:58Z 50.7K followers, [----] engagements

"Is anyone deep on Alliance Aviation $AQZ.AX I mean really deep. Busted merger arb ostensibly the cheapest airline/aircraft exposed name in developed markets worldwide (0.45x tangible book). Complex accounts. Fair bit of hair but (for now) still profitable and cash generative 🤔🤔"
X Link 2025-12-03T22:42Z 50.7K followers, 22.8K engagements

"@GearoidReidy Much more likely to be right now than any of those other timeshow exactly does Japan sniff a balanced budget if they refi the debt stock at 2% Massive inflation the only way out"
X Link 2025-12-04T03:35Z 50.7K followers, [---] engagements

"About to experience one of lifes greatest pleasures: riding the Shinkansen at sunset back to Tokyo 🚅"
X Link 2025-12-04T07:05Z 50.7K followers, [----] engagements

"This is the it was better in the good old days argument. Still boggles my mind how many people give this argument any air at all. A generation ago an international phone call had to be scheduled days in advance (and cost a small fortune). Cars regularly didnt start in cold weather - like all the time. Need I go on It's an empirical fact that basically everything in our day to day lives has gotten worse over the years. The quality of everything -- food clothing entertainment air travel roads traffic infrastructure housing etc -- has declined in observable ways. Even newer inventions It's an"
X Link 2025-12-05T03:50Z 50.7K followers, 23.8K engagements

"@MattWalshBlog Would you care to define over the years [--] yrs ago my dad had to schedule international phone calls days in advance. His car didnt start most any day the temp was below [--]. I could go on and on. Your perspective is wildly off"
X Link 2025-12-05T03:53Z 50.7K followers, 11.8K engagements

"The degeneracy of the airport lounge will never cease to amaze mefully stocked open bar on deck at the ANA lounge in Haneda at 6amincredible 👌👌"
X Link 2025-12-05T21:59Z 50.7K followers, [----] engagements

"$EDU.AX I was wrong on this (Mulpha exiting in next six months).they hit the bid in the last couple days.so the overhang is near totally removed already (the last 10mm get sold back to the co remember). $1/share incoming stat imo https://announcements.asx.com.au/asxpdf/20251208/pdf/06t2xkqld7xxqc.pdf 4) Overhang removed. Where is the incremental seller after this Investec is basically out. Mulpha down to near 5% (assume they exit next six mos). Otherwise mgmt collectively owns 23% and have only added over last yr. This transaction is essentially another way to add"
X Link 2025-12-08T08:03Z 50.7K followers, 31.8K engagements

"$HUM.AX update Per latest filings I now own 24.2mm shares and in association w/ Collins St we own 8.4% of the company 👇👇 DYODD. Not advice. GLTA. https://announcements.asx.com.au/asxpdf/20251208/pdf/06t2w79lknsym7.pdf https://announcements.asx.com.au/asxpdf/20251208/pdf/06t2w79lknsym7.pdf"
X Link 2025-12-08T08:07Z 50.7K followers, [----] engagements

"What is the most convincing explanation for why Bradman was able to near-double the average of literally every other all-time great batsmen for the rest of the history of the sport It basically defies everything we seem to have learnt about progress in sports (improve with time technology better measurement of KPIs/data etc). Like is there any other sport where you have an anomaly like this - let alone such an immense gulf between the best all time and the rest Highest batting average after playing [---] Tests [-----] - Smith [-----] - Sachin [-----] - Dravid [-----] - Ponting [-----] - Miandad [-----] -"
X Link 2025-12-08T12:37Z 50.7K followers, 27.4K engagements

"$EDU.AX aged like a fine wine 🍷🍷 got to $1/share in what days. Recutting the valn here this looks more or less fairly valued to me.see below. 7-8x P/E on next year's nos 4.5x EV/EBITDA.hard to see how most all juice hasn't been squeezed here. Given all this I am exiting and will be fully out more or less by EoD. Well done to all who made it this far. Paid for the summer holidays at least 😂😁 $EDU.AX I was wrong on this (Mulpha exiting in next six months).they hit the bid in the last couple days.so the overhang is near totally removed already (the last 10mm get sold back to the co"
X Link 2025-12-10T23:34Z 53.4K followers, 40.8K engagements

"should add the easiest/best r/r $$ here was made on this latest move from 60c to $1 ie once it was clear the co would demonstrate strong capital allocation (but before they had announced the selective buyback and further earnings upgrade)"
X Link 2025-12-10T23:37Z 53.5K followers, [----] engagements

"Ive said it before and Ill say it again. A joke of a PM and a joke of a man. Because he is a failed prime minister. Failed 👇🏼 Because he is a failed prime minister. Failed 👇🏼"
X Link 2025-12-14T10:47Z 50.7K followers, 22.7K engagements

"@Jeremy_Atkin Minns called it a terrorist attack targeting the Jewish community at the exact same time. Why exactly are we arguing about this Albanese is weak as piss and has directly contributed to the environment that has enabled these murders"
X Link 2025-12-14T11:14Z 50.7K followers, [---] engagements

"Not if the criticisms are libelous. The entire narrative around a genocide has been promoted by the government without any attempt at even-handedness and in the face of all evidence and common sense. If you wrongly accuse the only Jewish country of a heinous crime then yes it contributes to hate of Jews and we are now seeing the consequences"
X Link 2025-12-16T10:37Z 50.7K followers, [---] engagements

"definitely - i totally agree with that. but i guess what im trying to get at is that the fostering (implicit or explicit) of an environment that held the only Jewish state (Israel) to a standard no other country is measured against during war - that is textbook antisemitism judging the jewish nation by a unique standard - definitely makes acts like what we saw on Bondi more likely and given the extent of hatred over the last [--] years inevitable. if you tell people Israeli jews are committing a genocide (wrongly but repeatedly over and over for years it isnt a huge leap for bad actors to see"
X Link 2025-12-16T11:28Z 50.7K followers, [---] engagements

"$HUM.AX the incumbent BoD sat on a credible competing bid - at a 33% premium to the chairmans own bid - for a month. A full month. And only released it to the mkt when we filed our Section 203d https://announcements.asx.com.au/asxpdf/20251217/pdf/06tflbm5k975b0.pdf https://announcements.asx.com.au/asxpdf/20251217/pdf/06tflbm5k975b0.pdf"
X Link 2025-12-17T01:00Z 50.7K followers, 20.6K engagements

"$HUM.AX Humm Group 👇👇 https://www.afr.com/companies/financial-services/troubled-humm-says-it-received-a-385m-takeover-offer-a-month-ago-20251217-p5noh7 $HUM.AX the incumbent BoD sat on a credible competing bid - at a 33% premium to the chairmans own bid - for a month. A full month. And only released it to the mkt when we filed our Section 203d https://t.co/9DzQsewyoF https://www.afr.com/companies/financial-services/troubled-humm-says-it-received-a-385m-takeover-offer-a-month-ago-20251217-p5noh7 $HUM.AX the incumbent BoD sat on a credible competing bid - at a 33% premium to the chairmans own"
X Link 2025-12-17T08:35Z 53.6K followers, 21.5K engagements

"Going to talk about a few stocks today/going forward to try to take my mind of the sadness and anger of the last week. None of this is at all important in the grand scheme of things but we must but continue on. Re $EDU.AX and other education stocks - per previous I am completely out now. I would be extremely worried/wary of owning this (or anything else in the sector $IEL.AX etc) given in coming weeks you will likely see massive swing again ALP and to One Nation - ie profoundly anti-immigration. Obvi I am in favour of massively tighter immigration policy and true reform is long overdue. From"
X Link 2025-12-18T23:09Z 53.4K followers, 20.8K engagements

"$HUM.AX you could write a book about the corporate governance norms being abused at this company.absolute shambles. good summary of latest developments. needless to say only full board renewal provides a way forward here. https://www.afr.com/companies/financial-services/bid-for-humm-plagued-by-disclosure-governance-and-personnel-issues-20251218-p5nooq $HUM.AX Humm Group 👇👇 https://t.co/tkABJY5ege https://t.co/72z1e1Ledp https://www.afr.com/companies/financial-services/bid-for-humm-plagued-by-disclosure-governance-and-personnel-issues-20251218-p5nooq $HUM.AX Humm Group 👇👇"
X Link 2025-12-19T10:24Z 53.6K followers, 10.7K engagements

".earnings information in hand. It stretches credulity to conclude the Chairman did not have materially superior information - on both the NBIO and earnings - than the broader market. Nevertheless he was allowed to trade in the market. Why"
X Link 2025-12-22T22:41Z 50.7K followers, [---] engagements

"$HUM.AX Securities Trading Policy (STP) stipulates that insider trades by the Chairman have to be approved by the Chair of the Audit and Risk Committee (Rob Hines) but in any case [--] biz day written notice must be given; along with notice in writing to the Secretary that they do not possess inside information"
X Link 2025-12-22T22:41Z 50.7K followers, [----] engagements

"$HUM.AX Humm Group 🚨🚨 EGM has been called please see below for all info related to the meeting. I plan to deliver superior near- and mid-term value to shareholders if elected. Lets end the governance (and stock price) disaster now. https://www.hummboardcleanout.com https://www.hummboardcleanout.com"
X Link 2025-12-23T23:10Z 53.6K followers, 43.5K engagements

"Thanks mate. Nice to get on the same side of one for once 😝 You know it must be a no brainer decision when Ron and I agree publicly on it $HUM.AX $HUM showdown set for Feb 19th We support the removal of all current directors and intend to vote in favor 👍 Its the only way to create shareholder value here (Held) 👇👇👇 https://t.co/thKD9MHAQq $HUM showdown set for Feb 19th We support the removal of all current directors and intend to vote in favor 👍 Its the only way to create shareholder value here (Held) 👇👇👇 https://t.co/thKD9MHAQq"
X Link 2025-12-25T09:44Z 53.7K followers, 22.1K engagements

"@ALawrence718 Thank you And you too. We should have done park Hyatt tho"
X Link 2025-12-26T00:06Z 50.7K followers, [---] engagements

"$HUM.AX New quick write-up: $HUM.AX At 70c its 5.6x P/E ex cash. The business isnt the problem. The board is. @puppyeh1 has built a 29mm shares stake or AUD 20mm worth almost 6% of the company. He teamed up with CSAM to call an EGM remove the Chairman and [--] others from the https://t.co/HpXBfWRUrK New quick write-up: $HUM.AX At 70c its 5.6x P/E ex cash. The business isnt the problem. The board is. @puppyeh1 has built a 29mm shares stake or AUD 20mm worth almost 6% of the company. He teamed up with CSAM to call an EGM remove the Chairman and [--] others from the https://t.co/HpXBfWRUrK"
X Link 2025-12-29T23:36Z 53.5K followers, 21.5K engagements

"@MaiusPartners Keep in mind I only started with $450kso the AUM has only been truly significant in the last 5yrs or so"
X Link 2025-12-30T08:37Z 53.5K followers, [----] engagements

"@Floebertus @MaiusPartners I thought it would be getting much more difficult but for now at least I have been fortunate to achieve a better cagr in the last 3-4yrs than in the first 5-6yrs when I had much lower AUMlots of process improvements and changes tho"
X Link 2025-12-30T09:26Z 53.5K followers, [----] engagements

"Thank you all for following my work. Lots of new followers since I posted this for which I am most grateful 🙏🙏 If you are new to following me and want to learn how I think about investments you can see [--] fully-developed investment memos going back [--] years here: You can also access all my public engagement/activism here: https://rapercapital.com/engagement-campaigns/ https://rapercapital.com/investment-memos/ Signing off for the yearAnother blessed year🙏 stopping the blog allowed the freedom of imagination and clarity of thought to pursue a no of highly profitable trades free and clear."
X Link 2026-01-01T02:43Z 53.8K followers, 43K engagements

"@cheapskatevalue Thank you"
X Link 2026-01-01T09:32Z 53.5K followers, [---] engagements

"@EBIT_duhhh Not sure about thathad some massive drawdowns during COVIDand post $SAVE blow up as welljust had a hot run the last 6yrs or so"
X Link 2026-01-01T09:36Z 53.4K followers, [---] engagements

"Been mildly disappointed with the local brews over here in but this one is actually pretty decent. Full bodied crisp decent amount of flavor 👌"
X Link 2026-01-02T08:05Z 53.6K followers, [----] engagements

"There isnt a single Australian or Japanese stock on this list. Tells you something. Most pitched non-US stocks on YB in 2025: $EVO.ST [--] $WISE.L [--] $DBO.TO [--] $GRG.L [--] $HEM.ST [--] $MC.PA [--] $INPST.AS [--] $DCC.L [--] $WOSG.L [--] $JDG.L [--] $INT.ST [--] $BME.L [--] $ZOMD.V [--] $BFIT.AS [--] $CPH.TO [--] $GTT.PA [--] $AT.L [--] $JET2.L [--] $MANO.L [--] $VLE.TO [--] $VTY.L [--] $CTT.LS [--] $IWG.L [--] $CSU.TO [--] Most pitched non-US stocks on YB in 2025: $EVO.ST [--] $WISE.L [--] $DBO.TO [--] $GRG.L [--] $HEM.ST [--] $MC.PA [--] $INPST.AS [--] $DCC.L [--] $WOSG.L [--] $JDG.L [--] $INT.ST [--] $BME.L [--] $ZOMD.V [--] $BFIT.AS [--] $CPH.TO [--] $GTT.PA [--] $AT.L [--] $JET2.L [--] $MANO.L [--] $VLE.TO"
X Link 2026-01-02T14:03Z 53.6K followers, 30.9K engagements

"@TheRealDavey2 @RonShamgar @GavinSBaker @InvestLikeBest I would love to examine Gavins trackhas it ever been published Or are any of his letters in the public domain Agree he gives great pod but also this is not at all determinative of investment skill"
X Link 2026-01-03T04:55Z 53.6K followers, [----] engagements

"Why didnt Australia Norway or Canada suffer from the resource curse Why are Singapore Japan Korea Taiwan (all massively resource poor) rich countries today There is no resource curse. Its all just about good governance solid institutions not being corrupt and not being a kleptocracy"
X Link 2026-01-04T15:39Z 53.5K followers, [---] engagements

"As mentioned now that mkts are open again I will do a no of deep dive 🧵 on Humm Group $HUM.AX. As you prob know I own 29mm shs here ($20mm AUD); and have (along w/ CSAM) called an EGM to effect Board Renewal that will be held on Feb [--] [----]. All details here: These threads will be organized as follows: 1) What are we playing for (valuation etc - 50+% upside imo if we win) 2) The status quo (incumbent Board) and what it offers 3) What I/new Board offers + event/arbitrage set-up NB you should only look at this if you intend to vote in the EGM. It is not hard to vote - full instructions will be"
X Link 2026-01-05T03:10Z 53.8K followers, 125.8K engagements

"$HUM.AX is a non-bank lender (non-bank financial services) w/ two main businesses: Commercial and Consumer. This is a quintessential 'good business bad Board' set-up. Fundamentally there isn't much wrong w/ the business I am not trying on some massive operational turnaround this is all about simple blocking and tackling on capital allocation and proper fit for purpose governance norms. Commercial is a jewel they provide asset-backed financing to SMEs for things like equipment vehicles inventory. Per below this segment alone is doing $45-46mm NPAT:"
X Link 2026-01-05T03:10Z 53.7K followers, [----] engagements

"Commercial has a long track record of structural growth (see below). AUM is growing avg losses have been stable (and low) at 1%; and CTI has improved sequentially over last 4yrs (currently 25% ie v competitive for this type of biz). The opportunity remains large as banks continue to cede share to non-bank lenders (like $HUM.AX) better able to quickly offer and disburse credit to SMEs. https://twitter.com/i/web/status/2008013309321355429 https://twitter.com/i/web/status/2008013309321355429"
X Link 2026-01-05T03:10Z 53.6K followers, [----] engagements

"What is Commercial worth free and clear There is nothing exactly like it listed in Aus - no pure comps - but an analogous biz is perhaps Scottish Pacific. PE owned mostly inventory financing (ie riskier) more levered and private. https://www.scotpac.com.au/ https://www.scotpac.com.au/"
X Link 2026-01-05T03:10Z 53.7K followers, [----] engagements

"ScotPac was acquired by Affinity in [----] for 17-18x P/E and well over 2x P/NTA. It currently has a $2.1bn loan book - that is maybe a third smaller than $HUM.AX Commercial - and is being marketed currently for $650mm USD.or over 10x EBIT. https://www.theaustralian.com.au/business/dataroom/affinity-equity-mulls-scottish-pacific-initial-public-offering/news-story/bc67ac7904abdcd41b7d73ec05f6e403 https://www.theaustralian.com.au/business/dataroom/affinity-equity-mulls-scottish-pacific-initial-public-offering/news-story/bc67ac7904abdcd41b7d73ec05f6e403"
X Link 2026-01-05T03:10Z 53.7K followers, [----] engagements

"Implying perhaps 13-14x NPAT. We can debate specifics and cap structure but at a minimum this suggests Commercial unencumbered is worth a dd multiple of NPAT call it $500mm minimum (ie no synergies). Thats $1/share just for Commercial (since FDSO is 500mm)"
X Link 2026-01-05T03:10Z 53.6K followers, [----] engagements

"Then there is Consumer - a bit more of a hodge podge and admittedly much lower quality. Consumer has been built by acquistion it includes some quite good businesses - NZ Cards AU Cards Ireland - and some more marginalized segments (BNPL in Aus Canada etc)"
X Link 2026-01-05T03:10Z 53.6K followers, [----] engagements

"Still the biz has continued to grow with scale benefits and cost cutting outweighing share loss and more competition in some of the more commoditized segments. Today it remains highly profitable w/ KPIs generally improving:"
X Link 2026-01-05T03:10Z 53.6K followers, [----] engagements

"Given the mixed models tho the most intellectually consistent way to value the co is consolidated (incl corp costs which run $15-20mm pa and look v high to me) and comp vs other Aussie listed non-bank financials. This is the core of the argument doing this $HUM.AX looks v cheap. https://twitter.com/i/web/status/2008013324802474039 https://twitter.com/i/web/status/2008013324802474039"
X Link 2026-01-05T03:10Z 53.7K followers, [----] engagements

"Most all non-bank lenders in Aus trade at a multiple of NTA; 10x net income; and with a single digit dividend yield % - but most all of them not in hypergrowth mode pay out the majority of net income as divs. This is the range no matter the subsegment; biz model; growth rate; or capital structure: https://twitter.com/i/web/status/2008013327944011984 https://twitter.com/i/web/status/2008013327944011984"
X Link 2026-01-05T03:10Z 53.7K followers, [----] engagements

"It should be obvious what we are playing for here. If $HUM.AX traded at 10.5x P/E - the avg - it would trade at $1-1.10 per share (earnings volatility aside). If they paid out 75% of net earnings and traded at a 7.5% yield it would trade above $1 per share"
X Link 2026-01-05T03:11Z 53.6K followers, [----] engagements

"You see where I am going with this. Keep in mind $HUM.AX also has $65mm of net cash - 13c a share - and over 3.5c per share of franking credits as well. That is paying out excess capital through divs and a prompt buyback would return most all o this 13-16c per share"
X Link 2026-01-05T03:11Z 53.5K followers, [----] engagements

"Note that this itself is static and (imo) too low bec $HUM.AX is now 'in play' (third party bidder) and there are large synergies when you combine loan books in this space (opex and revenue lines). Moreover I think a lot of these Aussie small-cap non-bank lenders look decent value in any case"
X Link 2026-01-05T03:11Z 53.5K followers, [----] engagements

"I will address the eventy angle in a subsequent 🧵. For now I will leave it here we are pursuing Board renewal to achieve a proper capital allocation policy that not only returns a ton of excess capital in the near-term but also allows the equity to rerate simply inline w the sector (55-70% upside). https://twitter.com/i/web/status/2008013340711485557 https://twitter.com/i/web/status/2008013340711485557"
X Link 2026-01-05T03:11Z 53.5K followers, [----] engagements

"Please help me achieve this laudable goal/ GLTA. DYODD. $HUM.AX"
X Link 2026-01-05T03:11Z 53.6K followers, [----] engagements

"Because America took the time energy and effort to completely dismantle and deracinate the profoundly evil culture of Imperial Japan and rebuild it from the ground up over a decade and a half. An act of profound moral and everlasting good. How many other victors would or could do that https://twitter.com/i/web/status/2008094796339187775 https://twitter.com/i/web/status/2008094796339187775"
X Link 2026-01-05T08:34Z 53.5K followers, [----] engagements

"@ncuSm6YclD45473 @CacheThatCheque Japan was already a democracy to begin with"
X Link 2026-01-05T09:07Z 53.5K followers, [---] engagements

"@TheRealDavey2 Funny story - roaring kitty is an OG raper fan even gave me a shout out in one of his first videos apparently 👌👌"
X Link 2026-01-05T09:46Z 53.6K followers, [----] engagements

"A ton of that volume growth is via forward flow agreement where the loans are on sold (and off balance sheet)so its not quite as dramatic (in terms of B/S risk) as it looks. Also relative size vs broader market (if you look at bank lending in the space is still small) But yes - it is certainly a risk https://twitter.com/i/web/status/2008322457153802697 https://twitter.com/i/web/status/2008322457153802697"
X Link 2026-01-05T23:39Z 53.5K followers, [---] engagements

"Exactly. And this is why all the smart people are moving out of the US (or at a minimum self selecting for the sane states and abandoning the liberal wastelands in droves) Who among us hasnt (1) driven from Missouri to Minnesota in (checks notes) January to (2) lead a civil disruption against a federal police action which (3) eventually led to our car being perpendicular in the middle of street blocking traffic. After (4) the agents tell us to Who among us hasnt (1) driven from Missouri to Minnesota in (checks notes) January to (2) lead a civil disruption against a federal police action which"
X Link 2026-01-08T04:23Z 53.5K followers, 16.9K engagements

"Another bang up eastern suburbs parking job 🤪"
X Link 2026-01-08T05:08Z 53.7K followers, [----] engagements

"@EnergyCredit1 Oh you mean these returns"
X Link 2026-01-08T06:06Z 53.6K followers, 11.8K engagements

"Re $HUM.AX. Every vote counts. Full instructions to follow for IBKR etc @puppyeh1 Just voted. Dead easy process. Completed on mobile in less than two mins. 💪 @puppyeh1 Just voted. Dead easy process. Completed on mobile in less than two mins. 💪"
X Link 2026-01-08T07:23Z 53.7K followers, [----] engagements

"$HUM.AX update 🚨🚨 the Notice of Meeting has been dispatched (via post also available online below) and voting is OPEN. You can vote from link directly on the site: If you hold your shares in street name (eg thru IBKR etc) you will need to vote via them. Full details to follow in due course. PLEASE VOTE and VOTE ASAP. It is ESSENTIAL to getting the best outcome for all stakeholders here. 🙏🙏 https://www.hummboardcleanout.com/ https://www.hummboardcleanout.com/ As mentioned now that mkts are open again I will do a no of deep dive 🧵 on Humm Group $HUM.AX. As you prob know I own 29mm shs here"
X Link 2026-01-08T08:57Z 53.7K followers, 31.4K engagements

"1) consider why this even leaked.$SGH.AX and $STLD made [--] confidential bids as late as mid Dec over the last yr.it only leaked a few days ago. Clearly the bidder leaked it bec the BoD wasn't engaging. They have committed over 12mos and multiple structures to this deal"
X Link 2026-01-09T02:17Z 53.8K followers, [---] engagements

".and now have leaked and willing to go directly to shareholders. Hard to fathom that $30 is their best and final. They clearly knew BoD would come out against initially given prior engagement and yet they still chose to leak and go to market"
X Link 2026-01-09T02:17Z 53.8K followers, [---] engagements

".so this is just an opening gambit. 2) Mgmt went to unusual lengths to demonstrate opposition - but deal deck also demonstrates their view of fair value is not far away.maybe $33-34/share. why"
X Link 2026-01-09T02:17Z 53.8K followers, [---] engagements

"This is the key slide from the deck. They say $30/share of operational value + invested capex; and then a fudge 'up to $2.8bn' for the land value (nominally $6.3/share).which requires an examination of the footnote"
X Link 2026-01-09T02:17Z 53.6K followers, [---] engagements

"This $2.8bn gross value is a bit of a joke and everyone knows it. It: - is extrapolated from one single $75mm transaction for 3% of the land parcel across the whole lot - it does not include transaction costs - it does not account for time value of money - it does not account for DA zoning time or costs https://twitter.com/i/web/status/2009449540416630797 https://twitter.com/i/web/status/2009449540416630797"
X Link 2026-01-09T02:17Z 53.6K followers, [---] engagements

"Of course I understand your point. My point is you made a calculated choice to comp these ICE agents to deaths head unit nazi mass murderers. You could have made the same point with any number of other psychological studies (Stanford prison experiment etc). But you chose literal nazi murder squads as your comp. That is disturbing to me"
X Link 2026-01-09T03:57Z 53.6K followers, [--] engagements

"This is the Hitler was kind to children defencepretty sad to see Megyn Kelly choose the wrong side bigly in the conservative civil war 😞 🚨 Megyn Kelly praises Nick Fuentes: "He's very interesting and he's very smart. And on a lot things there is value to be derived from that guy's messaging. . He actually has a lot of things he talks that you're like 'eh that's not a bad point about our country'" He claims https://t.co/ZedlOoD7NW 🚨 Megyn Kelly praises Nick Fuentes: "He's very interesting and he's very smart. And on a lot things there is value to be derived from that guy's messaging. . He"
X Link 2026-01-09T04:00Z 53.6K followers, [----] engagements

"How does one buy busted/defaulted Cuban government bonds Any OTC specialist broker leads 🙏🙏"
X Link 2026-01-09T04:30Z 53.7K followers, 19.7K engagements

"Ok now these are pretty meaningful swings. Explains Albos humiliating backflip on the royal commission for one. Again reason 1A why education stocks are tough owns in the emerging environment 🚨 NEW: Federal voting intention FIRST POLL FOR [----] 🟥 ALP: 29% (-4) 🟧 ONP: 23% (+6) 🟦 L/NP: 23% (-1) 🟩 GRN: 12% (-1) OTH: 13% (-) Two-party-preferred 🟥 ALP: 52% (-4) 🟦 L/NP: 48% (+4) ALP vs ONP estimate* 🟥 ALP: 50% 🟧 ONP: 50% DemosAU 5-6 Jan n=1027 +/- [--] 🚨 NEW: Federal voting intention FIRST POLL FOR [----] 🟥 ALP: 29% (-4) 🟧 ONP: 23% (+6) 🟦 L/NP: 23% (-1) 🟩 GRN: 12% (-1) OTH: 13% (-)"
X Link 2026-01-09T11:15Z 53.8K followers, [----] engagements

"$HUM.AX deep dive 🧵number 2: What does the current Board offer In any EGM/Board renewal situation it's crucial to understand the diff b/w status quo and the change slate. In this 🧵I will summarize some of the major probs w/ continuing under the current BoD. As mentioned now that mkts are open again I will do a no of deep dive 🧵 on Humm Group $HUM.AX. As you prob know I own 29mm shs here ($20mm AUD); and have (along w/ CSAM) called an EGM to effect Board Renewal that will be held on Feb [--] [----]. All details here: As mentioned now that mkts are open again I will do a no of deep dive 🧵 on"
X Link 2026-01-11T11:26Z 53.7K followers, 47.8K engagements

"1) Current BoD has been a disaster for shareholders. Abercrombie (Chair) acceded in Aug 2015; since then (before our EGM was called) the stock was -80% in 10.5yrs vs the ASX +50%. A horrendous record of value destruction and market underperformance"
X Link 2026-01-11T11:26Z 53.7K followers, [----] engagements

"2) Current BoD esp Chair has made a litany of mistakes exhibiting bad judgement over many years. Eg in [----] the Chair killed a papered agreed deal to sell the Consumer unit to Latitude.calling the deal 'horribly undervalued.a garage sale' https://www.afr.com/companies/financial-services/i-ve-been-ostracised-abercrombie-hums-different-tune-to-board-20220530-p5appl https://www.afr.com/companies/financial-services/i-ve-been-ostracised-abercrombie-hums-different-tune-to-board-20220530-p5appl"
X Link 2026-01-11T11:26Z 53.8K followers, [----] engagements

"That price in [----] - about $300mm - equated to over 60c per $HUM.AX share - for a small fraction of the business. It was rejected bec the Chair killed the deal (already binding) pre-vote. And yet in mid-2025 Mr Abercrombie offered 58c for the whole $HUM.AX biz - about 4.4x LTM EPS. https://twitter.com/i/web/status/2010312379322802482 https://twitter.com/i/web/status/2010312379322802482"
X Link 2026-01-11T11:26Z 53.8K followers, [---] engagements

"a listed credible $1bn market cap company - at a 33% premium to the Chair's own bid - a level the co had deemed worthy to grant exclusive 4mos of DD towards. The incumbent BoD sat on this bid for nigh a month. And only released it when the Board challenge forced their hand. https://www.afr.com/companies/financial-services/troubled-humm-says-it-received-a-385m-takeover-offer-a-month-ago-20251217-p5noh7 https://www.afr.com/companies/financial-services/troubled-humm-says-it-received-a-385m-takeover-offer-a-month-ago-20251217-p5noh7"
X Link 2026-01-11T11:26Z 53.8K followers, [---] engagements

"Moreover it was and is unclear if the Board has made any attempt to engage in bona fide negotiation with this bid. Per the announcement even after waiting a month an NDA had not been signed. https://announcements.asx.com.au/asxpdf/20251217/pdf/06tflbm5k975b0.pdf https://announcements.asx.com.au/asxpdf/20251217/pdf/06tflbm5k975b0.pdf"
X Link 2026-01-11T11:26Z 53.8K followers, [---] engagements

"As soon as that announcement was made it THEN became clear that the Chair was in the market buying 3% of the co under the creep provisions over Dec17-19. https://announcements.asx.com.au/asxpdf/20251222/pdf/06tn68yt3w6z5h.pdf https://announcements.asx.com.au/asxpdf/20251222/pdf/06tn68yt3w6z5h.pdf"
X Link 2026-01-11T11:26Z 53.6K followers, [---] engagements

"Given the timing of these purchases; the existence of an on-foot NBIO process; the fact the CFO resigned on Dec16th; and with the trading quarter almost 90% complete I had huge problems w/ the independent directors allowing this trade. https://rapercapital.com/wp-content/uploads/2025/12/HUM-letter-to-ARC-23dec25.pdf https://rapercapital.com/wp-content/uploads/2025/12/HUM-letter-to-ARC-23dec25.pdf"
X Link 2026-01-11T11:26Z 53.8K followers, [---] engagements

".and I have taken these concerns directly to ASIC. Irrespective of that the fact remains that the Audit and Risk Committee - composed of supposedly independent board members - are tasked with avoiding even just the perception of insider trading"
X Link 2026-01-11T11:26Z 53.8K followers, [---] engagements

"@CFAs4CFPs You should assume voting % is 75-80% of the register. You need therefore 38-40% of the company to vote for change and the chairman owns 30% so more like 75-80% of all non chairman voters"
X Link 2026-01-11T21:11Z 53.6K followers, [---] engagements

"@brenontheroad there is a big problem in this country of having laws on the books and then not enforcing them.this goes beyond the capital markets and is evident in many aspects of society"
X Link 2026-01-12T10:34Z 53.7K followers, [---] engagements

"UPDATE $HUM.AX IBKR Interactive Brokers step by step instructions - ROUND [--] 🚨🚨 If you follow prior guidance you will receive a reply back from Client support like the screenshot below. then REPLY as per my own submission (also below) Please note last day to vote on IB is Feb [--]. Please vote ASAP to avoid delays/voting issues. 🙏🙏 $HUM.AX UPDATE step-by-step voting guide if you hold your shares through Interactive Brokers IBKR 🚨🚨 please see attached screenshots. you need to raise a manual ticket with the text as per below. you can copy my language word for word (and edit to your"
X Link 2026-01-14T04:31Z 53.8K followers, 18.6K engagements

"I will be heading into the belly of the beast - that is Melbourne - next week for my once-decade trip 😛 (for the 🎾obvi) Have set aside Weds Jan [--] for business. If you have an interesting investment to discuss lmk Staying Docklands fyi 🙏🙏"
X Link 2026-01-15T01:19Z 53.8K followers, [----] engagements

"$HUM.AX in case anyone missed it or hasn't gone to here is the official Notice of Meeting explaining why we called the EGM at Humm Group Limited. https://rapercapital.com/2026/01/15/humm-group-limited-extraordinary-general-meeting-february-19th-2026-notice-of-meeting/ http://www.hummboardcleanout.com https://rapercapital.com/2026/01/15/humm-group-limited-extraordinary-general-meeting-february-19th-2026-notice-of-meeting/ http://www.hummboardcleanout.com"
X Link 2026-01-15T07:34Z 53.8K followers, [----] engagements

"$HUM.AX Humm Group Limited 🚨🚨🚨 full rebuttal to all the spurious highly misleading and cherry-picked points made by the incumbent Board available here: [--] min discussion where I break down exactly why the HUM board needs urgent renewal with a play by play of all the many governance abuses here: feel free to share and remember to continue to vote for change. https://www.youtube.com/watchapp=desktop&v=-Or4yX8LxkU https://www.hummboardcleanout.com/ https://www.hummboardcleanout.com/ https://www.youtube.com/watchapp=desktop&v=-Or4yX8LxkU https://www.hummboardcleanout.com/"
X Link 2026-01-16T00:24Z 53.8K followers, 27K engagements

"5mins in Melbourne and good to see the victimhood culture is going strong 😬"
X Link 2026-01-16T23:14Z 53.8K followers, [----] engagements

"Melbourne can def do a cake shop Ill give em that 🤗"
X Link 2026-01-17T02:17Z 53.8K followers, [----] engagements

"All jokes aside first impression of Melbourne (admittedly in perfect weather) is its pretty great. Maybe I need to stop deriving my world view too much from X"
X Link 2026-01-17T04:52Z 53.8K followers, 19.8K engagements

"There are really only two outcomes re $HUM.AX: the Convenors (me+CSAM) win and complete board renewal; or the Convenors lose and Abercrombie remains Chair. What happens if we win"
X Link 2026-01-19T02:03Z 53.8K followers, [----] engagements

"The stock is cheap recall for two reasons - a big governance discount and a bloated cash position/underutilized balance sheet. If we win fixing the governance issue is a fait accompli. Abercrombie will be gone. Compliant directors will be gone. We will add a further 1-2"
X Link 2026-01-19T02:03Z 53.8K followers, [----] engagements

"In case anyone missed it.20min digestible discussion w/ @AndrewRangeley on the case for change at $HUM.AX Humm Group Limited. please continue to vote for change 🙏🙏 reach out if any issues voting or questions https://www.youtube.com/watchapp=desktop&v=-Or4yX8LxkU https://www.youtube.com/watchapp=desktop&v=-Or4yX8LxkU"
X Link 2026-01-21T00:22Z 53.8K followers, 11.6K engagements

"@mirnagar2 It depends on your broker. I think IBKR charges $200 AUD to vote but many other brokers will charge less or nothing (I think)"
X Link 2026-01-22T22:16Z 53.8K followers, [---] engagements

"$TGONF is my largest long position and here's why: http://t.co/ExvIZnW5DD http://seekingalpha.com/article/3343165-tetragon-financial-group-it-wont-stay-this-cheap-forever-70-percent-upside-to-fair-value http://seekingalpha.com/article/3343165-tetragon-financial-group-it-wont-stay-this-cheap-forever-70-percent-upside-to-fair-value"
X Link 2015-07-23T02:41Z 50.3K followers, [--] engagements

"why i added to my $TGONF long (still my largest position by far) http://seekingalpha.com/article/3655946-tetragon-update-new-accounting-london-listing-sizeable-buyback-its-pound-the-table-time http://seekingalpha.com/article/3655946-tetragon-update-new-accounting-london-listing-sizeable-buyback-its-pound-the-table-time"
X Link 2015-11-09T14:57Z 50.3K followers, [--] engagements

"Excellent results from $TGONF yesterday.still at 50% of NAV and pays a 7% div that is covered 2.5x.wonder when people start to care"
X Link 2016-03-01T14:21Z 50.3K followers, [--] engagements

Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing