Permanent closure is not impossible, buy highly improbable. Qld pubs are a staple social and major dining option in communities, unlike NSW where clubs are a major part of communities. The bottle shops are doing a roaring trade to help offset the closed pub's lost revenue.
If they never reopen then that is a different story. Our holding in HPI will be the least of our worries.
The Coles connection will help with the JV arrangement, as other members have addressed.
HPI is not without risk, but it should be OK longer term as the economy resumes some sort of normality. I believe there will be so much pent up demand for dining out and socialising that they will boom for an extended period.
Permanent closure is not impossible, buy highly improbable. Qld...
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Last
$3.25 |
Change
0.030(0.93%) |
Mkt cap ! $634.3M | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.25 | $3.21 | $704.0K | 217.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1488 | $3.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.25 | 7631 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$3.24 |
Change
0.030 ( 0.69 %) |
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| Open | High | Low | Volume | ||
| $3.22 | $3.25 | $3.21 | 32627 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| HPI (ASX) Chart |