Australia's largest stock trading and investment forum Australia's #1 stock forum

HPP

Click for more information

0.00%

4.2¢ health and plant protein group limited

Ann: Appointment of New Chair of Board and Trading Update, page-5

First 5 Last

Share
Profile

Follow
Wagger

134 Posts.

63

03/06/21

13:57

Post #: 53623152
Share

Originally posted by Artvandelay01: ↑

Yep. It's a gift at these prices. I had expected the HPP share price to have re-rated already, but it hasn't. If it's ever going to, the Kapua orchard sale and repayment of the AMD con notes is the likely catalyst. Let's say they sell it for A$40m, thats $30m of net cash coming into the business ie we'll be trading at a discount to cash before you even consider the receivables/inventory position. The business doesnt need that much working capital, especially given the new debt facility thats been put in place. That leads me to believe there will be further strategic investments/m&a to follow....or potentially a capital return but thats not my preference.

Expand

yes, agreed...would be disappointing if the best thing management can do with the $$ is return cash to shareholders...hopeful Dennis Lin can grow this business into a key player in the plant-based nutrition space over time.

HPP Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 4 more messages in this thread...

First 5 Last

Add HPP (ASX) to my watchlist