Forum Topics HLF HLF Strategic Review

Pinned straw:

Added 2 years ago

Words to make me feel nervous "Strategic Review"

Looks like Halo are looking for a buyer after employing Modus Partners to undertake a strategic review of the company.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02663447-6A1149116?access_token=83ff96335c2d45a094df02a206a39ff4

Hold in SM and a small holding IRL

Summer12
Added 2 years ago

Hi all,

Just thought i would add a couple links from Modus Partners.

https://www.modus.partners

Partners Page and bio on Rob Antulov the gentleman responsible for the review.

https://www.modus.partners/team

Looks to me like Modus has completed or been Involved in 21 deals, at this time i cannot comment on performance or success.

Disc Held




12
thunderhead
Added 2 years ago

Has anyone done any background work on this Modus mob and what their track record is in navigating situations like this? Thank you.

6
thunderhead
Added 2 years ago

This has the look and feel of a desperate move. There is no capital coming from the market to fund operations given the era of cheap/free money is over, the company is still loss-making and cannot generate positive cashflow, has debt, and there are a lot of intangibles on the balance sheet. Gotta find a "sucker" buyer to attribute any meaningful value to the assets here - perhaps the manufacturing facilities.

The question for long-suffering shareholders of this terribly managed concern is - do you take the capital losses now, or risk a VA-like situation where it can drag on for several months before you can claim them? The risks of that are high.

15
laoshi
Added 2 years ago

Announcement almost reads like a capitulation and advert. Disappointing. Someone will cherry pick the profitable assets no doubt

Held in RL and SM

16

Summer12
Added 2 years ago

No doubt Laoshi.

6