Date: 4/8/2009 Author: Jeffrey Hutton Source: The Australian Financial Review --- Page: 46 Hastings Diversified Utilities Fund is negotiating funds to help pay for theexpansion of a pipeline. A $A130 million share issue in July 2009 did not reachits target. Hastings may expand the size of its banking syndicate to raise over$A450 million of debt. It will secure equity through the sale of its UK water utility-ends-
Looking for no fireworks long term defensive earners. HDF fits the bill.
P. Dont trade on these opinions.
HDF Price at posting:
87.5¢ Sentiment: LT Buy Disclosure: Held