HIL 0.00% 14.5¢ hills limited

Yeah, they are not going to allow access to that website...

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  1. 2,597 Posts.
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    Yeah, they are not going to allow access to that website @jamwolf

    Key highlights from the article include: 
    - Merchant holding 5.12 per cent of Hills, which at Tuesday’s price of 18c would have cost about $2.1m.
    -  Merchant boss Andrew Chapman says they want a seat on the board in order to push through a few changes faster.
    - Wants to spin out some businesses - health unit which has nurse calls and patient engagement
    - Institute some capital management changes.
    - Hills has a massive shareholder register of 13,000 investors and Mr Chapman would like to see a share purchase plan in play to give them a chance to get their stakes up to marketable parcels.
    - Merchant want a higher share price, He believes 40c a share is fair.

    I don't really understand the SPP to shareholders so unmarketable parcels can increase their stake, most of those people won't double down, just so they have a marketable parcel. Sure, have an SPP and pay off some debt, but if you want to get rid of the unmarketable parcels, then do a buy back so people can get their limited money out at no cost (or risk), how hard is it to figure this stuff out, managing millions and can't figure that out!
 
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