HLG - Hallenstein Glasson

[winner69]

I won't be able to confirm until the SSH notice comes out, but I suspect that the same entity that pushed the price up over $6, is the same one that is continuously selling down.

I watch the market enough to know that this isn't 'Mum & Dad' investors selling (too many 10k and 15k lots of shares on the sell side that hit the buy).

It will be an interesting week next week, with the AGM.

Those bloody Aussies eh .....weren’t committed shareholders for long eh.

[McGinty]

Those bloody Aussies eh .....weren’t committed shareholders for long eh.

What is J.M.Keynes saying when the facts change?

Maybe they're just following a similar ethos

[winner69]

What is J.M.Keynes saying when the fact change?

Maybe they're just following a similar ethos

Would still be ahead at the current prices

But a heck of a lot to go if they have decided the facts have changed.

[McGinty]

Would still be ahead at the current prices

But a heck of a lot to go if they have decided the facts have changed.

Too true, it's hard to exit a 6.9% stake by just selling into retail investors.

They can drop around 600k shares before the are required to submit an SPH notice. (last five days approx 500k in volume, but then you have retail investors in there as well - like me)

Next week will be interesting

[pg0220]

I think the valuation of HLG is mainly based on dividends. Dividends so far has increased and seems aligned with the price movement as well.

When I look at the reports for the last 3 years, they used to spend on dividend more than they profit, taking funds out of retained earnings. However, for the recent year's report, they actually accumulated the retained earnings even after paying a lot on dividends.

As long as they keep the dividends the same rate as the latest ones, I think SP will adjust to it. Current dividend yield is 0.44/4.85 = 9% which shows the current SP is undervalued. I think the current market sentiment has put a lot of pressure on the selling side too.

Well, what do I know, it will be interesting to see what happens next week...... Hopefully good news comes.........

[couta1]

Would still be ahead at the current prices

But a heck of a lot to go if they have decided the facts have changed.

They were buying up to $6 so they would be underwater if indeed its them.

[winner69]

They were buying up to $6 so they would be underwater if indeed its them.

There first 3.4 million (5%) was at $4.17 and they have only disclosed another 1% movement since

[couta1]

There first 3.4 million (5%) was at $4.17 and they have only disclosed another 1% movement since

As at 21st Aug they held 6.91% and their buying of 686k shares between Aug 6th and 21st was between $5 and$6. I'm guessing their average is around the current price.

[McGinty]

I won't be able to confirm until the SSH notice comes out, but I suspect that the same entity that pushed the price up over $6, is the same one that is continuously selling down.

I watch the market enough to know that this isn't 'Mum & Dad' investors selling (too many 10k and 15k lots of shares on the sell side that hit the buy).

It will be an interesting week next week, with the AGM.

And there we have it, Grahger sold 300k last week.

I wonder how many more they are going to off load?

[winner69]

And there we have it, Grahger sold 300k last week.

I wonder how many more they are going to off load?

Yes mcginty — you read that correctly

The facts have changed so my view is now that a large shareholder is selling down. (Had to say that eh)