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
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Last
$3.72 |
Change
-0.040(1.06%) |
Mkt cap ! $731.2M | |||
| Open | High | Low | Value | Volume |
| $3.77 | $3.77 | $3.72 | $4.031M | 1.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 80581 | $3.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.73 | 984 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| HPI (ASX) Chart |