HHL is showing good underlying performance, not reflected in the current share price. The Value Growth Trust has increased by 8 per cent in the last month, and with the unwinding of the AUD/USD rate, there could be further upside. This will have a positive impact on funds under management.
Last time there was a rally in the underlying unit prices (in Jan/Feb) the share price went to $3.50. Not so this time, at least so far.
HHL Price at posting:
$2.76 Sentiment: LT Buy Disclosure: Held
