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Tom Richardson

Hills horror show comes to a close

Tom RichardsonJournalist

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Let’s just say there’s plenty of shareholders happy to see the back of Hills chairwoman Jennifer Hill-Ling after the group said she’d vacate the role on Thursday and retire as a director later this year. Hill-Ling’s near 16-year reign saw 97 per cent wiped from the value of the once iconic South Australian company. On reflection one professional investor told us if there was a banana skin to slip on, she’d find it.

Hill-Ling took the chair from her father, Robert Hill-Ling, on October 28, 2005, when shares changed hands for $4.60. They were 14¢ on Thursday.

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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com

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    Original URL: https://www.afr.com/rear-window/hills-horror-show-comes-to-a-close-20210701-p585w1