Ann: Chair and CEO AGM Addresses and Trading Update, page-6

What comedy, the Analyst discloses he has a position on the last page, puts a HOLD (Which means SELL), and says the announcement was unexpected.

For an Analyst who has the inside view, and mind you HRL presented at the Morgans conference.... this just shows how diabolical this announcement by HRL is.

Don't know HRL well to be fair, but it looks to be in real trouble here now.

Longer term support on technicals is 7 cents, so looks to go there.

It will not generate NPAT in FY19.