Hi doubles 08
The tenant of 90 percent of HPI's pubs is a joint venture between Coles and KKR. Coles is cashed up, I'm not sure about KKR. I assume they will try to honour their tenant contracts until they run out of cash. If they run out of cash the joint venture would require a capital injection from Coles/KKR which they may not want to do, but if they don't the joint venture would be in breach of contract. HPI could waive the breach of contract and reduce the rent.
In my view Coles would be reluctant to allow breach of the tenant contracts because they have to operate the pubs to continue operating Coles liquor stores in QLD (unique QLD legilsation). So I don't think a breach would be likely.
HPIs minority tenants (under 10% of revenue) are more likely to require rent reductions in the short term
- Forums
- ASX - By Stock
- HPI
- Goner
Goner, page-9
-
- There are more pages in this discussion • 4 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 HPI (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.33 |
Change
-0.010(0.30%) |
Mkt cap ! $649.9M |
Open | High | Low | Value | Volume |
$3.34 | $3.36 | $3.32 | $32.70K | 9.786K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 999 | $3.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.33 | 1430 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 660 | 3.320 |
6 | 1317 | 3.310 |
9 | 7244 | 3.300 |
5 | 8085 | 3.290 |
4 | 2652 | 3.280 |
Price($) | Vol. | No. |
---|---|---|
3.330 | 2006 | 8 |
3.340 | 5609 | 11 |
3.350 | 5858 | 6 |
3.360 | 8215 | 6 |
3.370 | 2762 | 5 |
Last trade - 11.13am 24/07/2024 (20 minute delay) ? |
Featured News
HPI (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online