Hedley is merely a shareholder in the fund having resigned from the board.
I suspect HLG would be in a better position had they stopped paying distributions earlier. Tom Hedley would have needed these badly to try to stave off bankruptcy of his other interests.
HLG have re-negotiated finance with NAB so as a holder I'm now hoping for a recovery over time.
Still a long term spec buy for me!
HLG Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held
