1st response
With a business that is shredding through its policy book at double digit rates, there isn't much left for HLI in the interim. By definition of long term, lets say... 3-5 years? HLI's business will be 30% of the already small shell it is today. Wouldnt it make more sense to participate in LMI businesses when the time comes? rather than to jump the gun early now, on a probablistic outcome that is marred with high degrees of volatility/deviation in outcomes?
2nd response
Sure, you can sprinkle whatever accounting magic you like on the liabilities and NTA. But the point is, management's buyback is based on NTA as per accounting guidelines, not "what if" policy. therefore, NTA today is the NTA they can buy up to. Secondly, 5% yield in TDs also attractive, and without the equity risk premia + deteriorating NTA.
Not a stab at anyone, im just a really blunt person. Just trying to provide a different perspective is all. I owned the stock in the past, not anymore.
1st responseWith a business that is shredding through its policy...
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Last
$4.20 |
Change
0.070(1.69%) |
Mkt cap ! $1.198B | |||
| Open | High | Low | Value | Volume |
| $4.15 | $4.22 | $4.14 | $6.242M | 1.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2245 | $4.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.20 | 2391 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| HLI (ASX) Chart |