what does the deal mean?
1. Apolo effectively becomes largest shareholder with ~40% holding of the new HFA;
2. Thew "new" HFA will gain distribution channel - the increase in FUM is hard to predict - however a 10% additional allocation from existing Apolo investors to Lighthouse would double HFA FUM size (a 1% additonal allocation would increase HFA FUM by 10%);
3. More scruitny in the HFA business operation - this should give investors more confidence - it will be harder for management to rort at the expense of shareholders;
4. It also affirms HFA's fundamental value;
5. With 3 new directors on board, it is inevitable Spencer Young will have to leave.
first impression
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NGI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.96 |
Change
0.015(0.77%) |
Mkt cap ! $957.7M | |||
| Open | High | Low | Value | Volume |
| $1.97 | $1.97 | $1.93 | $519.2K | 266.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2619 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 1758 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| NGI (ASX) Chart |