Contrasting with a modest H1 22, Hal’s H1 23 results appear on a good footing, with a slight increase in NAV over the half-year and an appealing NAV discount. The privatisation and acquisition of Boskalis appears to have been a winning bet for Hal, which posted a good operating performance. Still, HAL’s deep pockets raise the question of its next capital redeployment.

30 Aug 2023
Hal's deep pockets still call out for a major acquisition

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Hal's deep pockets still call out for a major acquisition
HAL Trust (HAL:AMS) | 0 0 1.9% | Mkt Cap: 12,371m
- Published:
30 Aug 2023 -
Author:
Saïma HUSSAIN -
Pages:
3 -
Contrasting with a modest H1 22, Hal’s H1 23 results appear on a good footing, with a slight increase in NAV over the half-year and an appealing NAV discount. The privatisation and acquisition of Boskalis appears to have been a winning bet for Hal, which posted a good operating performance. Still, HAL’s deep pockets raise the question of its next capital redeployment.