For the record I had a sell rating on DSH for the last 5 or 6 weeks. I also encouraged others to sell.
Hil and DSH are totally different companies and not in the same situation. DSH owes $400 mil, Hill has total $100mil owed to suppliers including debt(based on the current historical). All these companies relying on suppliers owe them large sums at any one time. This is a normal situation.
DSH owes 75% more. an extra $300 million.
The debt restructure is an undrawn facility not a current debt.
HIL Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held