had a good look at this a few times for dividend yield but on closer inspection there are so many different divisions within the company, it is almost too diversified to keep a handle on..
In the current economic climate this is very risky as more than one division can be exposed to the downside very quickly and earnings start to vapourise before your eyes..
they will have to do a review and some assets may be up for grabs.. i would now be very concerned about dividend although they say their cash position is OK and their debt covenants are covered..
HIL always been a solid Co but right now they are staring down the barrel of imploding earnings and increasing costs..
i'm sure they will fight their way back
HIL Price at posting:
87.0¢ Sentiment: None Disclosure: Not Held