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.
There is not going to be a quick resolution to HPI simply...
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Last
$3.29 |
Change
-0.060(1.79%) |
Mkt cap ! $642.1M | |||
| Open | High | Low | Value | Volume |
| $3.35 | $3.35 | $3.28 | $254.4K | 77.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3579 | $3.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.29 | 149 | 1 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$3.29 |
Change
-0.060 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| $3.33 | $3.33 | $3.28 | 13464 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| HPI (ASX) Chart |