HDF 0.00% $2.85 apa sub group

"ABN Amro...... downgraded the stock from "buy" to "hold" and...

  1. 7,809 Posts.
    "ABN Amro...... downgraded the stock from "buy" to "hold" and slashed its target price to 55c. (current sp is 40 cents)

    The assets HDF could sell are a 50 per cent stake in Britain's South East Water and its Epic Energy pipeline business, valued at about $800 million each." (The current market cap of HDF is $86 million)
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    I think the Epic Energy pipeline alone should be putting this stock on people's radars . You guys will be well aware of the Coal Seam Methane boom in Eastern Australia and the plans for future LNG terminals at Gladstone . This pipeline is a crucial link in the project and HDF are likely to be earning a packet from that asset into the future .

    HDF has been seriously oversold imo .
 
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