Trading ex-distribution today, hence the drop in price to match the distribution. Hoping for a recovery in share price once the last of the tax loss selling is complete.
Distribution not debt funded. This company is still making a profit believe it or not! And is basically in line with their prospectus forcasts.
They've reduced debt levels recently and say they will continue to do so. No loan covenants have been breached.
Only for high risk tolerant investors IMO.
This stock has been smacked by media speculation for months but it continues to plod along. The company CFO continues to add to his holding with on market purchases.
Major tenant NLG will hopefully make an announcement about their current loan arrangements today.
HLG Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
