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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » HAYLEYS PLC (HAYL.N0000)

HAYLEYS PLC (HAYL.N0000)

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41HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 12:18 pm

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I thought he is acquiring Hayleys to acquire the prestige which cannot earn from the casinos.. When you come to a certain level money and power is not enough no.. Very Happy

42HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 1:29 pm

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics
@GMNET
E) Before the eventual crash of the Hayleys share price, (after a substanial increase from the current share price) Mr Dammika Perera would exit from Hayleys at a Preimuim leaving minority shareholders high and dry.-GMNet

Even Mr Dammika perera find a buyer to sell his majority holding in Hayleys at a premium price , the buyer has to offer the same price to minority shareholders ( mandatory offer ).
Then what's the meaning of ... "leaving minority shareholders high and dry" ?

43HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 1:53 pm

Jeremy


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@knockknobbler wrote:@GMNET
E) Before the eventual crash of the Hayleys share price, (after a substanial increase from the current share price) Mr Dammika Perera would exit from Hayleys at a Preimuim leaving minority shareholders high and dry.-GMNet

Even Mr Dammika perera find a buyer to sell his majority holding in Hayleys at a premium price , the buyer has to offer the same price to minority shareholders ( mandatory offer ).
Then what's the meaning of ... "leaving minority shareholders high and dry" ?

Hey, You guys must be really kidding to think that Dammika Perera and his heirs are not going sell Hayleys shares one day and will hold them for rest of their life. Companies bigger than Hayleys have changed hands and this is no big deal. Just have a look around, you will see plenty of such transactions. Further what is the value of 43% Hayleys compared to 20% block of JKH that was purchased by Kazana few months ago??

Do you really want to know answer how he is going to divest without the mandatory offer?
First he will sell 29% and then sell the balance 15% to another. No mandatory offer. Minority is not left high and dry???

44HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 2:09 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
He entered HALY at 380 which is also a premium at that time. DP is not normally entered and exit from companies frequently like captains. I cannot recall any exist other than NDB and REEF in recent history.

45HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 2:15 pm

Slstock


Director - Equity Analytics
Director - Equity Analytics
Well no need to panic as GMnet is talking about a possible scenario.

HAYL is trading at Rs 295 now. He made a madantory offer around Rs 380.

So he is not going to let go of HAYL without considerable gain. When/if that happens minority can made a big gain too if they watch their shares carefully.

46HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 2:50 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@GMNet, I think you misunderstand my question - In your hypothetical scenario PT E, you state that DP would exit at substantial premium and then share price would crash leaving minority shareholders high and dry. I am not questioning the mechanism by how this could happen, i am asking how will DP be able to exit at a substantial premium if Hayleys intrinsic value is not reflected in this price.Who will buy at a price way above its intrinsic value for control if its not worth it ? or are you subscribing to the bigger fool theory even for controlling interest ? (i thought the bigger fool theory applied to only minority interest ?).

47HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 2:59 pm

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:Well no need to panic as GMnet is talking about a possible scenario.

HAYL is trading at Rs 295 now. He made a madantory offer around Rs 380.

So he is not going to let go of HAYL without considerable gain. When/if that happens minority can made a big gain too if they watch their shares carefully.

Ya exactly said.
I know the same scenario of JKH during 2006-2008. But what happened now? Everything turned around still foreigners favorite kid...Always there must be smart people than heros.
And DP interest would be getting prestige of being CEO of well reputed company.

48HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 3:04 pm

Jeremy

Jeremy
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@The Alchemist wrote:@GMNet, I think you misunderstand my question - In your hypothetical scenario PT E, you state that DP would exit at substantial premium and then share price would crash leaving minority shareholders high and dry. I am not questioning the mechanism by how this could happen, i am asking how will DP be able to exit at a substantial premium if Hayleys intrinsic value is not reflected in this price.Who will buy at a price way above its intrinsic value for control if its not worth it ? or are you subscribing to the bigger fool theory even for controlling interest ? (i thought the bigger fool theory applied to only minority interest ?).

DP need not sell Hayleys shares above the purchased price to make a profit (unlike other shareholders) because he would have already made profit from the sale of his ancillary companies to Hayleys. Further (D) in my original answer above would provide the answer to your question.

49HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 3:26 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
GMNet wrote:
@The Alchemist wrote:@GMNet, I think you misunderstand my question - In your hypothetical scenario PT E, you state that DP would exit at substantial premium and then share price would crash leaving minority shareholders high and dry. I am not questioning the mechanism by how this could happen, i am asking how will DP be able to exit at a substantial premium if Hayleys intrinsic value is not reflected in this price.Who will buy at a price way above its intrinsic value for control if its not worth it ? or are you subscribing to the bigger fool theory even for controlling interest ? (i thought the bigger fool theory applied to only minority interest ?).

DP need not sell Hayleys shares above the purchased price cause he would have already made money from the sale of his ancillary companies to Hayleyes at a profit. Further (D) above provides the answer to your question.

But if he dosen't sell above the purchased price, it could not be at a substantial premium as you state, could it ? Furthermore, any potential buyer / buyers would do due diligence on value of Hayleys / Ancialliary companies he sold (to Hayleys etc), regardless of price he received from selling them to Hayleys.

Quote " D) Due to high cost of borrowing and lower profits Hayleys PER will go upto 20x times. Some shareholders will consider this as a sign of high growth potential and end up investing more money expecting high growth from acquired businesses." UNquote

I think your pt D is when your interesting hypothetical scenario becomes a fairy tale ! high borrowing costs / lower profits etc are never reasons when stock prices are rewarded by a high earnings multiple. the reverse is true. lower profits = lower p/e multiple = lower price.

50HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 3:27 pm

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics
GMNet wrote:
@knockknobbler wrote:@GMNET
Do you really want to know answer how he is going to divest without the mandatory offer?
First he will sell 29% and then sell the balance 15% to another. No mandatory offer. Minority is not left high and dry??? [/b]

So ,we agree that Dhammika Perera might not be able sell 51% to a single buyer at a PREMIUM PRICE compared to minority share holders.
Now, lets examine the second option you have mentioned above.

Step 1 - He will sell 29%, first. Now the question is... will there be a buyer to buy 29% paying a premium price. He doesn't get management control. He has the option to buy from the market also(49% held by others). Though he may agree to a premium price it can't be that much. Pay attention to the question raised by Alchemist also.

Step 2 - sell the balance 15% to another - Now this second buyer who is willing to buy 15% has three options., to buy from Dhammika Perera, or from first buyer or minority shareholders ( who still own 49%) . But Mr Perera has only one option. So it is not logical to assume he can get a premium price over minority shareholders.

The conclusion is,..., it is not logical to expect Mr Perera to get PREMIUM PRICE for his 51% leaving " minority shareholders high and Dry".

51HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 3:32 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
GMnet has a point when we think about the LB finance and the Casino building.

Regarding HAYL. I think minority holders should not be panic. As sls mentioned this is just a possible scenario (Just something to entertain when the market is not moving)

If he exits who would be buying.. Well………. That’s a very good question.

My Sri Lankan mind thinks below possible option.

As far as I can remember Delmage was bought by VONE & the Delmage IPO is due soon. So with this IPO money, VONE have the cash to buy HAYL shares from DP?

Easiest possible way to sell DP’s HAYL shares is to sell it to his own company.

52HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 3:34 pm

Jeremy

Jeremy
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:Well no need to panic as GMnet is talking about a possible scenario.

HAYL is trading at Rs 295 now. He made a madantory offer around Rs 380.

So he is not going to let go of HAYL without considerable gain. When/if that happens minority can made a big gain too if they watch their shares carefully.

More than 25% of Hayleys were bought by DP at prices below Rs 150/=. His average cost is extermly lower than one wold think. This would make his exit lot more easier.

53HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 3:36 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Vallibel Two will be formed as the holding company of HALY.

54HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 3:43 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
GMNet wrote:
@slstock wrote:Well no need to panic as GMnet is talking about a possible scenario.

HAYL is trading at Rs 295 now. He made a madantory offer around Rs 380.

So he is not going to let go of HAYL without considerable gain. When/if that happens minority can made a big gain too if they watch their shares carefully.

More than 25% of Hayleys were bought by DP at prices below Rs 150/=. His average cost is extermly lower than one wold think. This would make his exit lot more easier.

But then the price could not be a premium price substantially higher than current market price as you state. so then what's the fun for DP ?

55HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 4:12 pm

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics
GMNet wrote:
@slstock wrote:
More than 25% of Hayleys were bought by DP at prices below Rs 150/=. His average cost is extermly lower than one wold think. This would make his exit lot more easier.

Yes....., there are many ways he can exit easily, if that is the objective.
As you say, If his average cost is extremely lower ( than one would think) , then he might even be able to sell below the market price and exit with a profit.

However , what we were discussing was your hypothesis which was rested on following conclusion.

E) Before the eventual crash of the Hayleys share price, (after a substanial increase from the current share price) Mr Dammika Perera would exit from Hayleys at a Preimuim leaving minority shareholders high and dry.

56HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 4:23 pm

Jeremy

Jeremy
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Any price over and above current market price of Hayleys will give a substantial premium to DP because his average cost is very low. That was what I meant by that statement. Sorry if I was not clear.

57HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 4:38 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Most of the above is pure speculation. DP may load Hayleys with expensive acquisitions but he won't sell it. On the other hand it has a number of profitable units that can be spun off.

What he actually wants to do is consolidate more of his stake by controlling the employee trust and the other trust that is holding a lot of shares. If you look at a 10 year outlook the current price is a ok

If DP wants a buyer he will give it to *****

58HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 5:04 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
GMNet,

For the sake of minority who will be confused, are you speculating to add energy to the dull forum or are you fairly certain this is going to happen below Rs 380 for HAYL?

Secondly, am not sure why he had to make a 2nd personal Mandatory offer again after which he acquired 16% total ( if 25% was at Rs 150) at Rs 380 if he knew he had plans to sell his stake.






@knockknobbler wrote:
GMNet wrote:
@slstock wrote:
More than 25% of Hayleys were bought by DP at prices below Rs 150/=. His average cost is extermly lower than one wold think. This would make his exit lot more easier.

Yes....., there are many ways he can exit easily, if that is the objective.
As you say, If his average cost is extremely lower ( than one would think) , then he might even be able to sell below the market price and exit with a profit.

However , what we were discussing was your hypothesis which was rested on following conclusion.

E) Before the eventual crash of the Hayleys share price, (after a substanial increase from the current share price) Mr Dammika Perera would exit from Hayleys at a Preimuim leaving minority shareholders high and dry.

59HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 5:39 pm

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hmmmm so we can say RCL, LFIN, etc all acquired by DP in similar fashion will be sold off soon and DP will sleep with the cash!

DP just propelled himself many notches with Hayleys..
Its important to maintain Hayleys under him for his corporate inroads!

Cheers!

60HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 6:23 pm

RIO

RIO
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:GMNet,

......
Secondly, am not sure why he had to make a 2nd personal Mandatory offer again after which he acquired 16% total ( if 25% was at Rs 150) at Rs 380 if he knew he had plans to sell his stake.

Good point Slstock, but that could be a part of the Game...so people think he bought the majority stake @ 380 and at a time when he dispose below 380 ...many will jump & buy it without knowing its DP selling ...also as GMNet said , by selling off his own companies to Hayleys, he may have booked a considerable profit by now...

And Finally What GMNet was told is not an immediate possible, but which could be happen in a future date...may be in a year or two...or even in a Decade... Very Happy

61HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 7:04 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
RIO

Selling off DP personal holdings to HAYL is a possibility.

But couple of points on HAYL

1) I have not seeing DP selling below Rs 380. ( he has to report) . Also his present stake is 41% to confirm.
2) As the initial speculation implied selling below Rs 380 ( still at a premium as the previous holding was said around at Rs 150) it cannot be understood as long term happening right ( not a decade for sure).

This is why I asked GMnet to confirm we do not want to worry minority holders unduly.


@RIO wrote:
@slstock wrote:GMNet,

......
Secondly, am not sure why he had to make a 2nd personal Mandatory offer again after which he acquired 16% total ( if 25% was at Rs 150) at Rs 380 if he knew he had plans to sell his stake.

Good point Slstock, but that could be a part of the Game...so people think he bought the majority stake @ 380 and at a time when he dispose below 380 ...many will jump & buy it without knowing its DP selling ...also as GMNet said , by selling off his own companies to Hayleys, he may have booked a considerable profit by now...

And Finally What GMNet was told is not an immediate possible, but which could be happen in a future date...may be in a year or two...or even in a Decade... Very Happy

62HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Wed Mar 27, 2013 7:36 pm

Jeremy

Jeremy
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Second mandatory offer was made because first mandatory offer was not attractive. DP can make another mandatory offer if he wish. These are not called mandatory offers but voluntary offers.

Further as per rules he is allowed to buy 2% per annum without triggering the code. So he will continue to buy 2% per annum until he reaches 50%. After 50% threshold he could buy any amount of shares without any restriction.

As RIO understood these are not things that would happened in a weeks time, but these are the most likely strategies of majority stakeholders like DP. I have seen same strategy begin adopted by many known investors like Ajith Devasurendra, Sena Yaddehige and companies like Colombo Fort Land, Carsons and Lankem in the past.

As I clearly said in my answer, this is just an hypothetical scenario and therefore no need to panic.

But as prudent investors, I believe we need know how these HNWI think and act, so that we can be one step ahead of them.

63HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Thu Mar 28, 2013 12:43 am

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
Hayles might become VALLIBEL TWO

64HAYLEYS PLC (HAYL.N0000) - Page 3 Empty HAYLEYS PLC (HAYL.N0000) Thu May 23, 2019 7:33 am

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
The iconic Sri Lankan multinational, Hayleys PLC, recorded outstanding growth in revenue and operating profits in the financial year ended 31st March 2019 (FY18/19).

The Group revenue expanded by 34% YoY to Rs. 219 bn while operating profit before interest increased by 40% YOY to Rs.15.9 bn. The Group Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) for FY 18/19 has improved to Rs. 21.3 bn from Rs.15.8 bn while the Finance Cost has increased from Rs.5.9 bn to Rs. 10.5 bn. The Group’s Profit Before Tax (PBT) reflect a 5% Year-on-Year (YoY) contraction to Rs 5.5 bn . In terms of revenue generation, the Group’s Consumer and Retail segment, which includes Singer (Sri Lanka) PLC recorded a turnover of Rs. 67.2 bn compared with Rs.35.9 bn in the previous year. The Transportation and Logistics segment generated Rs. 45.3 bn in turnover, from Rs. 35.6 bn in FY17/18.

The Purification segment achieved Rs. 20.9 bn in turnover, as compared with a previous Rs. 15.5 bn, while the Hand Protection segment recorded an increase in turnover from Rs. 15.9 bn to Rs. 17.1 bn. The Agriculture segment posted a turnover of Rs. 14.9 bn, from Rs. 13.9 bn in FY17/18.

In terms of segment results, the Group’s Consumer and retail segment made a contribution of Rs. 4.1 bn to Group operating profits despite margins being pressured as a result of import restrictions which came into effect during the year in review and a negative impact on the finance costs. The Group’s Transportation and Logistics segment posted operating profits of Rs. 3.6 bn, over a previous Rs. 2.9 bn. The Agriculture sector reported an improved operating profit of Rs. 1.71 bn, against Rs. 1.15 bn in FY17/18.

Meanwhile, the Purification segment’s operating profits grew from Rs. 1.1 bn to Rs. 1.5 bn while Hand Protection operating profits posted an improvement from Rs. 471 mn to Rs. 834 mn. The Group’s Eco Solutions segment was successful in reversing an operating loss of Rs. 16 mn in FY 17/18 to an outstanding Rs. 440 mn operating profit in FY18/19.

Similar improvements were also demonstrated by the Group’s Textiles segment, which grew operating profits of Rs. 142 mn to Rs. 465 mn while the Group’s Leisure sector posted an operating profit of Rs. 665 mn, against Rs. 343 mn in FY17/18.

The Group’s Tea Export business, the Mabroc Brand helped the Plantations sector which is facing challenges from rising costs of production arising from increased wages in the final quarter of the year. The Plantations sector generated revenues of Rs. 13 bn, against a previous Rs. 12.6 bn and contained its reduction in operating profits to Rs. 737 mn, as compared with Rs. 887 mn in FY17/18.

However, increased net finance costs constrained bottom line performance at Hayleys as costs increased by 77% YoY to Rs. 10.5 bn in FY18/19, largely as a result of rising interest costs, consolidation of finance costs of Singer ( Sri Lanka) PLC and acquisition cost of recently acquired businesses.

“As one of Sri Lanka’s single largest sources of value added exports, the Hayleys Group continues to be a major contributor to the Sri Lanka’s economy. Moving forward, the Group will continue to take strategic and focused measures aimed at rationalizing finances , however as a Group, we are ready for a challenging macroeconomic environment,” Hayleys PLC Chairman and Chief Executive Mr. Mohan Pandithage stated.
Source-Adaderana

65HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Thu May 23, 2019 7:56 am

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
Yes, very good news. Now it is much below than it should be. Best time to invest!!!!!

66HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Thu May 23, 2019 1:02 pm

Teller

Teller
Moderator
Moderator
If Dammika goes with under the belly of RW, may become a begger


_________________




Teller said is said..

67HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Dhammika ups Hayleys stake to 51% Fri Nov 22, 2019 6:27 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Business leader Dhammika Perera yesterday increased his personal stake in the most diversified blue chip Hayleys PLC to 51% from 50.44% previously. HAYLEYS PLC (HAYL.N0000) - Page 3 Image_49cff87716

The move follows Perera buying 435,000 shares of Hayleys PLC at Rs. 180 each in a deal worth Rs. 78 million. Overall 490,955 shares of Hayleys traded for Rs. 88.37 million and was the fourth largest contributor to the turnover. The share price of Hayleys recorded a gain of Rs 10.00 (5.88%) to close at Rs 180.00.

Perera now holds 38.26 million shares in Hayleys PLC, out of 75 million shares. As at 30 September Net Assets per share of Hayleys PLC is Rs. 514.69, up from Rs. 512.30 a year ago. 

Public holding of Hayleys PLC is 37.67%.

68HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Sat Nov 23, 2019 9:08 am

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
not yet updated "DEALINGS BY DIRECTORS"  Shocked Shocked Shocked Shocked

69HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Sun Nov 24, 2019 12:27 pm

npgslnawa


Manager - Equity Analytics
Manager - Equity Analytics
What will happen to ALUF ?

70HAYLEYS PLC (HAYL.N0000) - Page 3 Empty Re: HAYLEYS PLC (HAYL.N0000) Sun Nov 24, 2019 11:29 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
will be disclosed soon

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