HIL 0.00% 14.5¢ hills limited

Not sure that management are as bad as outlined here by others., page-32

  1. 4,503 Posts.
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    Thanks for that detail: I did go and ask the questions and got some answers - As I understand it that hospital was largely finished before the takeover by HIL So I would presume that fell into the work carried out by the previous owners / vendors. . Neither Raulands and Questek appear to be registered or claim on their website to have any form of C Tick /A Tick nor the new RCM ( Regulatory compliance mark). As I understand it we are migrating from the older C and A tick to a new one. It is a question I will follow-up on.

    I would presume that under any normal business practice any fallout from that would have hbeen part of the normal warranties and excluded. As I understand it if it was such a large contract and it was likely to cause losses in the order of multi-million dollars it would have required disclosure - as I can see no such disclosure. In fact the Financials disclose that they hold a retention of $950K re the Questek acquisition. As they have not disclosed any contingent liability and in fact I could not find any reference to them acquiring Questek Pty Limited ( the company) but rather that they acquired the business and the assets - I cannot see how any of this relates to Hills. I would therefore presume that it is all covered. As regards Questek business it has a very large user base 600 sites and has been in existence for about the same time (20 years) as the competitor claims so in fact I would respect both companies. You can have these glitches in any company. I am not aware of any loss of business as they stated that it achieved on budget and did not impair the goodwill at all. They have been awarded the new Royal Adelaide hospital contract so I would assume that it all okay. Their acquisition of Merlon was good so that seems to provide the technology arena.

    However thanks for your input and the AGM is this friday so one can go and ask questions if you want.
 
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