I do sense this is a company with a serious credibility problem,...

I do sense this is a company with a serious credibility problem, compounded by a CEO/Board that blames everyone else for the companies failing fortunes and share price except himself/themselves.

The doozy really was to blame the share price plunge after the 1/2 year result announcement on the failure of the market to make a proper y.o.y comparison of the results. Did it occur to Pretty that the market also picked up on the fact they have revised the full year 2014/2015 results down by about 15%??

Everything I see and read convinces me that the one great company HIL continue to to desperately find a meaning in life. Past mega-buck purchases (the steel tubing venture, for example) made in an attempt to diversify and then dumped, losing (many) tens of millions, have obviously not taught them a lesson.

Again, although I have lost a few bucks on my holding I get great consolation in knowing the Directors, holding around 40% of HIL are losing a damn sight more than little 'ole me!

p.s. I give Ted Pretty no more than 6-12 months!