HLG 1.51% 33.5¢ hedley leisure and gaming property fund

trading halt, page-5

  1. 5,867 Posts.
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    Hi Guys,

    Let me state i have no interest in HLG and as this is forum sight thought i would share a portion of the opinion of broking firm Ambro's.

    Apropos - The facilities were put in place at the time of the float and have no review events related to market capitalization and are not due for review until August 2010."

    I know there is no guarantee the news will be good, but I'm optimistic.

    .... a scenario analysts determine to required expansion to breach covenants .. the abscence of transactional evidence , we can only speculate etcc. and they have a hold on the stock unitl evidence of Banking position, leases etc are shown to the market.

    Probably doesn't help - but it its what is further sepeculation as to the strength of Hedley with respect to covenants etc and if you think Banks won't want to pull back on their funding position due to the 'perceived positiveness' of the cash flow you perhaps still believe in the tooth fairy?
 
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