This has come back on the board and soaked up the free float of shares nicely. Hopefully the company can bring out some good news soon with some new developments on the business. I understand that they are in the sweet spot for New Zealand with the new acquisition so I am hoping they will get perhaps some large contracts which will contribute to the revenues and blast the stated conservative forecasts away. Very happy to see people like the Wylie Group taking up positions with the company which reinforces to me that this will be a great investment moving forward. I wouldn't be surprised to see dividends being paid as early as next year which will put a rocket under the share price. Top 20 holders have around 75% of the stock so it is tightly held. Nice to see share price at 14% above recent placement price.
HRL Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
