HLG
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1.51% 33.5¢ hedley leisure and gaming property fund

national leisure and gaming, page-9

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  1. RM8
    417 Posts.
    lightbulb Created with Sketch. 14
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    05/06/08
    20:22
    Post #: 3821727
    As Astoria states, the licences revert to HLG in the advent of tenant default.

    These are where the real value lies. In an earlier report HLG said that the risk of vacancy in their properties was virtually nil. They have the premises and the licences to go with them.

    So HLG hold the trump card and should actually benefit if they have a tenant default situation. Not that they would want one.
    HLG Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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