Ann: HIL Financial Year 2016 Results-HIL.AX, page-19

I do not believe we could have expected a better result than what was announced. The result announced was in line with what had been forecast, promised action has been taken, results have been achieved, funding arrangements have been improved, trading is profitable, debt has been reduced etc. etc. These results should put a floor under the share price. The proof of the pudding will be what is achieved over the next six months - the market will be looking for further improvement, management will know that and shareholders should be able to look forward from here with optimism. Also noticed that management salaries and directors fees were trimmed during the year, auditor fees were halved, 4 of the 5 directors increased their shareholdings in HIL as did the Company Secretary. Still work to be done but in my humble opinion, well on the 'turnaround' track.

DYOR - I am not a licensed investment adviser.