There is not going to be a quick resolution to HPI simply because there is no capital partner available at current market prices.
When your finance costs are 6% +, you can't be buying HPI's properties at a less than 6% cap rate let alone a premium to that if they were to try and launch a takeover.
TGP does not have anymore cash on their balance sheet to increase their holding and I suspect they'll be stuck here for some time.
Ann: Ceasing to be a substantial holder from MQG, page-19
Add HPI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.74 |
Change
0.020(0.54%) |
Mkt cap ! $735.2M | |||
| Open | High | Low | Value | Volume |
| $3.72 | $3.74 | $3.71 | $1.865M | 500.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15173 | $3.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.74 | 4409 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| HPI (ASX) Chart |