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HLF

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0.7¢ halo food co. limited

Thanks for the continued updates. By the way, which channel did...

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19/12/21

23:06

Post #: 58399712
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Originally posted by T.E.P.: ↑

Never say never, but highly unlikely in my opinion, @Jagdarwin. HLF is well-financed at the moment and prefer debt to equity at these valuation levels. Moreover, they are continuing to improve scale and margins, from which profits will follow. That's the conclusion I have drawn after speaking with management this past week.

I think Bergen's selling is due to their 31st Dec year-end accounting period and their associated time horizon with this investment. Fortunately, the close connection between $HLF and Bergen will ensure that if Bergen wanted to exit in its entirety, they would be receptive to a block trade, unlike JG/VC. I'm not concerned with Bergen's selling and don't consider them an overhang. I think the share price rebound is near and will occur once VC is out.

Was interesting to see another 1m bid appear at 11c near the close on Friday. Likely to be from Shaw & Partners, based on broker data from the last time a 1m bid went through (2nd Dec 2021). Let's see how the situation plays out over the next 12 months. There is a very reasonable chance that the business will be at $80m+ turnover and $5m+ EBITDA by the end of FY23 based on the most recent deals (TheLand China), which are now in production (as of Nov).

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Thanks for the continued updates. By the way, which channel did you use to contact HALO? Emails haven't shown success.

On another note, I think I may have spotted the fruits of HALO's new manufacturing plant:

HLF Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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