The company sold this in order to continue to reduce the gearing and ensure the next dividend is covered thats why HLG will hang onto the shares until the next payment is made.
I now believe we will still see approx 13 cents this half which should push the SP higher.
HLG has a major issue in Tom's private position but I hear he should be getting some cash in the next few weeks from other asset sales and will step in and buy more stock.
Plus his WES shares are now looking much much better !
HLG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
