Half Year results, page-2

For those who've not been around the HIL environment for that long I will give below the performance in terms of Shareholders Funds year by year since 2014 so that you can all see the millions that have been wiped off this Company and out of your pockets by the absolute incompetency of Management and diabolical Board decisions that have gotten HIL into the current and irreversible situation . My opinion of this Company is that it will not survive to deliver Footscray Hospital and 2023 will literally see the end of a 77 year old Company. If they do survive to supply Footscray it will be at a loss because I venture to say they bought the work.

Shareholders Funds at the 30/6/XX in Millions

2014 245,228
2015. 136,600
2016. 69,077
2017. 60,931
2018 61,308
2019. 52,357
2020. 43,089
2021. 33,232
2022. 9,252

Share price at 2nd July 2014 $1.785

If this hasn't been a case of severe Management incompetence, at both Board and Management levels, a total seemingly disregard for Shareholder benefits or just total and absolute ineptitude for any commercial management of any enterprise then I do not know what has.

This Company now should be looking out for the best interests of Shareholders instead of blazing forward losing more money and completely destroying any value that is left in this organisation. They need to recognise they will never ever again make a profit, (unless God falls out of the sky) and recognise their impending and inevitable failure. They need to take a good hard look at their future, if they don't the auditors should.