Confirmation that this is a blatant sham related party transaction to inflate NTA.
For those thinking this transaction 'deals with the unlisted asset problem' HML will still be holding unlisted assets, just not in the form of equity.
Given that the market saw under HML's skirt with this morning's disclosure of NTA calculation breakdown, HML becomes a lot easier to value.
Assets (ex unlisted) = $8.0m or $0.26 per share (pre-tax)
If HML is ever allowed to trade again, that's where I expect the price to move rapidly towards.
Let's hope ASX make HML disclose unlisted vs listed/cash assets on a go-forward basis.
- Forums
- ASX - By Stock
- HML
- Ann: Update on JB Financial Group transaction
Ann: Update on JB Financial Group transaction, page-12
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HML (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online