Hills is a rubbish company with a poor under qualified management team.
the only profitable part of hills is the health business but they do not push it and almost no investor knows about it; there are still issues with the health business - its broken into two parts - a nurse call business and a TV business; nurse call is a good area but very competitive and there is alot of risk in it. the tv business is even more risky because TVs are declining. i have been in hospital and have had lots of family and loved ones in hospitals with Hills tvs... no one has ever rented one because we all have smart phones with data plans. - also $10 per day hahahha yehhh rightttt; almost every carrier offers alot of data for cheap and sometimes free services like netflix. stan and youtube.
majority of share holders are either small fish or internal company employees - i think KPMG holds around 11%-17% but thats it - no one else wants to touch it.
all the other business at hills a money losing.
the management team is useless and is disconnected from what it is that they do.
Hills is made up of a number of smaller businesses they purchased between 4-6 years ago. the issue is the board and management have no idea how to run any of these businesses and all the people who know have either left the company, been fired or are about to leave.
Hills will slowly vanish into thin air.
the only way to save it is to appoint a fresh board (Current board are old and do not care about the businesses - they just want their annual payment) and they need to fire at least 60% of the management - too many manager from what i have heard from a guy i meet a few months ago who had recently left Hills - i think he said he worked in the finance team.
next they need to shut down, retire and cull all the parts of hills losing money or tiny margins not worth the effort.
I sold my Hills shares a lonnnggg time ago - and will never look at this poor performing company again.
HIL Price at posting:
18.0¢ Sentiment: Sell Disclosure: Not Held
