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0.7¢ halo food co. limited

Why they didn't do the same before buying THM ?who done the...

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ASXleo

3,387 Posts.

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08/05/23

15:14

Post #: 67660456
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Originally posted by T.E.P.: ↑

A sale of the entire business would be devastating for long-standing (suffering) shareholders if this is sold to a private buyer for 2-3c/share. I'd rather they sell off non-core assets and continue with a smaller base in a sustainable manner driving profits which can gradually lead to a rising share price. Sadly, management has completely lost my trust, I appreciate that they are looking for ways to turn the ship around, but it is really disappointing that it has come to this. I'd possibly vote yes to a sale of HLF at more than 4c/share and just take my huge capital loss on the chin as a lesson learnt. But, anything under 4c/share for the entire company would be daylight robbery for shareholders, given they paid $17m on THM alone (a completely irrational decision). My mistake was in believing they had turned the corner into profitability. They have been agonisingly close now for 2 years but have gone backwards since acquiring THM. The debt profile presents a big risk -> and it is possible this strategic review to sell off part or some of the business is a result of this pressure.

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Why they didn't do the same before buying THM ?
who done the valuation and validation?
how come HLF paid 17mil ?
can't even get it

HLF Price at posting: 1.1¢ Sentiment: None Disclosure: Not Held
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