HIBU – yes, it’s STILL a sell

HIBU announces : some lenders of the 2006 facility may launch lawsuits to recover amounts due to them, worth about £65m.

Share price is down 9% at the time of writing. I don’t think this changes much, though. I doubt that the majority of the creditors are behaving irrationally, and the minority might be better served by following the crowd. Maybe they just want their loan to stand as is, and this action will help them get what when the capital is restructured.

0.300p . Yowsers.

About mcturra2000

Computer programmer living in Scotland.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s