All stocks are manipulated from seed to IPO to cap raise etc. I have no doubt that HRL was craftily shilled by the industry 'experts' who got in early and are now distributing to the mug-punters! No surprise that Canaccord are the major seller.
Despite all that, I am encouraged by HRL's business plan and the integration of recent acquisitions seems to be going well. A full quarter of Analytica revenue will give us a better understanding of net profitability.
Whilst the possible increase in milk testing is a positive, I don't think it will send the share price sky-rocketing. What we really need to see is organic growth particularly via laboratory capabilities as pointed out in the Half Yearly preso.
Still early days ...
HRL Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
