Movement upwards in price - speculation on sale of hedley stake in HLG ? Maybe Metcash which owns ALM (which "is the leading broad range liquor wholesaler in Australia")Bottle-O and Cellarbrations?
Metcash Ltd, is the principal supplier and owner of the IGA brand,and is in the middle of an aggressive expansion of the IGA chain. The acquisition of the Hedley stake in HLG would put them up as "landlord to Coles and possible first cab off the rank should HEDZ OR NLG breach their headleases to HLG. Also of interest was the appearance late last year of Cellarbrations at various HEDZ PUBS.
The alternative possibly a property trust anyway it will be interesting to see how it all pans out for the poor disgruntled shareholder.
Please do and rely on your own research.
HLG Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
