Ann: Change in substantial holding, page-12

I was holding quite a substantial position a couple of years ago, but sold out after the NZ disappointment. Only started to buy back in when a solid floor was built arount 10 cts.

10 to 12 cts was for quite a while the trading range and 12 cts becomes now the new floor.

Large bid at 11.5 cts should support my thesis. Nibbles at 12.5 again yesterday. Last year 1/2 yearly was out on Feb 8th. So there is a good chance figures will be released soonish.

I think because of all these virus headlines testing will become even more important and t herefore HRL is well positionned for future growth. Looking forward to some solud numbers and SP should take care if itself. GL