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  1. smerfdot.com

    865 Posts.

    After reading thru all the announcements, no wonder they're having a bookbuild for a placement of ~10% of issued capital because this is the time to do it... this is a fantastic result. I would have expected a price ~45p$1.10 but I think it will be closer to 48p$1.17 in the placement as the results will be read very well by the market... see everyone thought they would have to sell Virgin Money to buy the rest of HHG Invest plc... but because the results were so good that gave them the upper hand.
    Highlights
    *Revenue over 10 billion AUD! up from AUD724million
    *NTA per share $1.39 up from $0.87
    *strong balance sheet..pay down AUD$2.55 billion in debt
    *quote "....maximise the value in HHG investment in Virgin Money...." ie we're not giving it away!!

    MAKE NO MISTAKE THIS IS A GOOD RESULT.. THE PRESS WILL BE FULL OF GOOD REPORTS TOMORROW...if there is a short term dip BUY BUY BUY
    I continue to hold 200K HHG.

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