The banks have full access to all of the financials for a company and when they pull in the credit facilities as dramatically as this then you know the company is in serious, serious trouble.
Their bankers would have set very strict financial performance conditions for the new facilities and there must be every chance administration for HIL is now very close.
RIP a once great Australian icon.
HIL Price at posting:
34.0¢ Sentiment: Sell Disclosure: Not Held