Ann: Hills Announces New Long Term Financing-HIL.AX, page-3

This has been priced for a sudden extinction. The two big positve announcements of late have ensured Hills survival and will give it a big chance to further the new businesses and fix up the old. Im expecting the SP to move up towards 50cents to a more reasonable level as Hills has now zero chance of going under for at least 12 months.

Business should be running now on a very tight budget with all the excess now taken out to meet bank requirements. Further costs cutting and sale of parts of the business could continue. Not expecting debt to rise but to fall.

Have upgradded to a buy.