Regardless of what happens in the short term I am not selling at these prices.
I still think that these guys will get taken over. The older Hill brothers are in their 60’s and the younger is in his mid 50’s. There is a lot of cheap money around at the moment and many businesses looking for growth opportunities. The right buyer will easily pay A$500-600 mil for these global, growing and sought after brands. Just a matter of time I recon. And since the Hills jointly own 70% it could happen quite quickly.
That is $12 -15 a share.
Targets for 2021, page-8
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Last
$3.67 |
Change
-0.080(2.13%) |
Mkt cap ! $151.3M | |||
| Open | High | Low | Value | Volume |
| $3.65 | $3.67 | $3.65 | $12.27K | 3.363K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1354 | $3.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.70 | 2000 | 1 |
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