I bought about 460 Hills Shares in December 2007 @ $5.40 at a cost of $2,500.
By December 2008 they were $2.98
December 2010, $2.00
December 2014, $1.20
December 2016, $0.38
December 2018, $0.20
December 2021, $0.02
My shares were worth $9.25
I gave up checking after that date. One thing I do know it that they never recovered.
In 2020, Hills revenue was $1 billion, by 2022 it recorded a net loss of $23.0 million.
In 2023 Hills went into administration.
February 2024 Hills was delisted by the Australian Stock Exchange and became privatised.
Through all this decimation of the Hills brand, those at the top were still taking home multi-million dollar pay packets.
This week, the US owner of Hills Limited has decided to drop the company from its portfolio and has Hills Holdings up for sale.
Isn’t wisest to buy a small portfolio of shares so that your investment is not dependent on the performance of one business? Ideally, to also spread your investment across a few industry sectors as most often the share performance of, say, one bank will track that of other banks.
Yes, I’ve been an active trader for 27 years and I’ve always had shares in my depots and wouldn’t want to do without it. Might well be that I’ll be buying some more tomorrow morning with stock prices presumably taking a nosedive.
I was a victim of the British Energy rip-off. I was sent an offer to sell to EDF and when like other reluctant shareholders, I refused, the Government compulsorily bought them and paid what I thought was well under their worth. . ![]()
EDIT … I also own other shares, but now I’m a lot wiser, I would never surrender my holding(s) unless a court ordered me to ![]()