Yeah, I don't doubt that they're still trading, but we already saw how much was eaten up by costs in the half-year to 31 Dec 2017. I wonder how much of those costs are ongoing into this period too. And while trading profits might help to provide some offset, I doubt it will be enough to surprise on the upside once you take sentiment (and twelve lost months) into account. I guess it just depends on what we learn ... and maybe what they do with regards to paid mgmt/perf fees. To my mind, if a *listed* investment company is suspended, the manager deserves nothing, regardless of any performance.
HML Price at posting:
$1.99 Sentiment: Hold Disclosure: Held