CASH IS KING
The sale of HGLs stake in MMC contrarian will net HGL just over $21million in cash today.
HGL current has a market cap of 70 million and is aninvestment company with a mix of listed stock investments and directly owned import and distribution businesses. Dividends are usually payed in relation to core operating profit - they expect some heavy stock revaluation losses(and loss of the big mma dividend) this year but hopefully the dividend should still be very strong.
$21million to invest at the moment - lets hope they can pick up some bargains - or they could even wipe out most of their debt. The company has been buying back its own shares as well.
Note: stock code is HNG and name is HGL Ltd - this is sometimes confused - eg. there was a announcement on the asx on the 29/10 under the code HGL - don't think the company noticed the mistake.
hgl ltd 21million cash received today
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Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $111.2M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.0¢ | 32.0¢ | $10.03K | 31.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 3419 | 1 |
View Market Depth
| Last trade - 15.45pm 02/10/2024 (20 minute delay) ? |
| HNG (ASX) Chart |