Australia's largest stock trading and investment forum Australia's #1 stock forum

HLF

0.00%

0.7¢ halo food co. limited

Why on earth HLF would buy a weight loss program.Should not we...

First 26 Last

Share
Profile

Follow
ASXleo

3,387 Posts.

294

14/02/22

11:09

Post #: 59550869
Share

Originally posted by mondyinvest: ↑

"Listed food manufacturing business Halo Food was pitching investing for $5 million on Monday morning to fund an acquisition and an investor sell-down. Halo Food makes powered dairy products, meals, snacks and protein drinks. It included a $2 million sell-down from Bergen Special Opportunity Fund LP which was clearing out its entire holding in Halo Food. The remaining $3 million was a placement, which would be followed by another $3 million raise via a share purchase plan. The placement and sell down were priced at 10¢ a share, a 23.1 per cent discount to the last traded price and 22.6 per cent discount to the five-day volume-weighted average price. Halo Food planned to use the funds raised to acquire 12 year-old healthy eating and weight loss program The Healthy Mummy, according to the term sheet sent to potential investors. It would also use the funds to refinance existing debt facility, and for marketing and working capital. Bell Potter Securities and Peloton Capital were the joint lead managers. Bids were due 12pm Tuesday, February 15. Halo Food has a $35.6 million market capitalisation before the offer."

Expand

Why on earth HLF would buy a weight loss program.
Should not we focus on expanding the lines !
Such a joke .
waiting since 2 years and now that .

HLF Price at posting: 13.0¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

HLX

Helix investor makes partial takeover bid, proposing board changes

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

There are more pages in this discussion • 100 more messages in this thread...

First 26 Last

Add HLF (ASX) to my watchlist

Why on earth HLF would buy a weight loss program.Should not we...

Top Stories

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Helix investor makes partial takeover bid, proposing board changes

Lendlease sells off US east coast construction operations in latest global divestment push

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Featured News