HST 0.00% 16.0¢ hastie group limited

suspension, page-67

  1. 651 Posts.
    If you are correct the market capitilisation of this company will be a lowly $22 million yet EBIT for the first half is around $23 million and the second half outlook looks a lot better.
    Frigrite was incurring losses for years before going into administration something that has not happened to Hastie Group.
    You would think with all the work in the pipeline and the demise of a major competitor that this would make for a sound investment once this debt convenants issue is sorted out.
    I do see the share price going down on investor fears but to say it will go down to around 10 cents in my opinion is
    a bit of a stretch.
    I would think that once a deal is finalised and the share price inevitably falls on the anouncement of capital raising that it would make for good buy.
 
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