HML 0.00% $1.99 henry morgan limited

Ann: On-market share buy-back, page-43

  1. 105 Posts.
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    My guess is that they won't be trading today. Not a chance.

    Obviously, some external event will be to blame, such as Leadenhall needing more time (understandable), ASX having additional questions about any NTA announcements lodged (fair enough), a deal to buy their unlisted securities changing again (completely unacceptable in the circumstances), appointment of a new set of consultants because Leadenhall's valuations don't align with the company's (somewhat foreseeable) or the company throwing in the towel and giving up on the entire paper shuffling exercise (totally unlikely).

    These guys have been suspended for a year due to disclosure issues. That's where it started, that's why it's kept going. Having seen this sort of thing before, I can't recall an instance where prolonged suspension in these circumstances has had a happy ending.

    Perhaps the wings franchise will get them across the line - the papers have been screaming about how successful and fantastic franchising in Australia has been!
 
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Currently unlisted public company.

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