I agree with you Pete, if HLM had of wanted to cut losses they would have done one of two things, offered it up to a major holder (e.g. Macdonald) or had a fire sale on the open market.
They are currently one of the best funds in the market and I don't see them taking a sizeable stake in a company that they don't see large returns in, notably they usually take hold when a take over is comming that is vastly undervalued
Share price, page-9
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $64.78M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 20000 | 1 |
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| Last trade - 16.12pm 29/07/2024 (20 minute delay) ? |
| SIO (ASX) Chart |
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