There is a big buyer on the stock - that line that was crossed was actually being chased by several well known insto's
I continue to buy small parcels as this will be a great story once this crap market works its way out !
If I were Tom I would begin a share buyback now to strengthen his position whereby he can then buy these assets back down the track for $2 which will still be good for him with the NTA @ $2.90
Did you read the ALE announcement ? Pub sold for well above book value which is pretty good in this market !
HLG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held