Asoria is spot on - HLG and Tom could very well benefit if NLG defaults - Coles and Wollies would both love to pick up more bussiness - just look at what they paid for their current leases - they only look at the LONG TERM. and there are MANY other astute OPERATORS, who would like a BARGAIN....
If NLG defaults down the line - Tom (NLG) could technically just walk in and countinue the bussiness without to many problems. NGL's gearing is down to around 65% - not bad at all.
The current share prices may have dropped - but Tom hasn't lost his skill, that got him there in the first place....
HLG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
