I don't think anything will change until the half yearly. The board is probably already gone for the year and they've had plenty of time now since the QAN sell down to do something if they wanted to stem the bleeding.
Welcoming the QAN sell down was a big egg on the founder's face and instead of using the cash reserve to do a buy back or announce capital management intentions, they've gone into hiding. In the meantime plenty of holders have been shaken out as the share price has closed in the green only 4 or 5 times in the green since the beginning of November, as selling begets even more selling. That sort of negative sentiment takes some doing.
If the numbers are correct then what better opportunities can there be besides buying your own shares at rock bottom multiples?
if you're a holder I suggest ringing the company and asking some questions or raising your concerns.
HLO Price at posting:
$1.31 Sentiment: None Disclosure: Held
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