Hastings Diversified Utilities Fund

Hastings Diversified Utilities Fund (HDF)

Stock Code

HDF

Stock Exchange

ax

Hastings Diversified Utilities Fund (HDF) is a diversified utility fund, with a market capitalisation of $488,122,836. The Fund invests in a portfolio of gas transmission and water utilities infrastructures assets across Australia and worldwide. The fund listed on the Australian Stock Exchange (ASX) on 13th of December, 2004. HDF focuses its development activities through three business segments: Gas pipeline owner and operator, Water utility owner and operator and Other.

Hastings Diversified Rejects APA's Offer


Hastings Diversified Utilities Fund (HDF) has released its target statement today rejecting the takeover offer that it has received from rival APA Group in mid-December. The company board is recommending its investors to reject the offer as it undervalues the company.

APA Bids $1.8b for Hastings Takeover


Gas pipeline owner APA Group (APA) has made a $1.8 billion bid for a complete takeover of the Hastings Diversified Utilities Fund (HDF). APA already owns 20.7 per cent of HDF and feels that Hasting's assets go in line with their infrastructure asset portfolio.

Hastings Diversified Utilities Fund Dividends

1 September, 2010 - 13:40

Learn the dividend history for HASTINGS DIVERSIFIED UTILITIES FUND. A dividend is a share of a company's profits that it pays to investors and shareholders. Not all companies pay dividends; companies may decide to retain earnings and reinvest them back into the company. You are eligible to receive HDF dividends if you own the HASTINGS DIVERSIFIED UTILITIES FUND shares on the ex-dividend date. Investors and traders must purchase the stock before the exdividend date to be entitled to the dividend.

Week 13 Best Performers


Lihir Gold Limited (LGL), an Australian company involved in gold mining, exploration and processing with gold mine and processing facilities located in Lihir Island had the best performing stocks of the 13th week in ASX100 with a gain of 31.6 percent or 96 cents to its stock price closing the week at $3.99.

Transfield Services (TSE): Loser of the Week 26


Transfield Services (TSE), a company that provides services in sectors like maintenance, operations, assets and project management was the worst performer in the ASX100 index losing 13.4 percent or 36 cents in its stock price and was closed for the week at $2.31.

Hastings Diversified Utilities Fund (HDF) Stock Recommendation


SB Citigroup have rated the Hastings Diversified Utilities Fund (HDF) stock as a Hold, High Risk with a share price target higher at $2.85 (from $2.80). Meanwhile UBS has a Neutral 2 recommendation with a share price target of $2.85. The result was solid in the stockbroker's eyes, however the trading price of the stock at around $2.85 is close to its target which determined their stock recommendation.

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