Redcape up 120% today on a co update. Similarly NLG up 16% on no news. Might explain the slight increase in interest in CXH in recent days and provide an indication of what might be expected should we receive a positive update regarding conversations with St George.
It seems pub valuations have hit the bottom as per the attached - http://www.theshout.com.au/2011/02/07/article/Deal-a-Boost-to-Sydney-Pub-Confidence/FBEOLRDODT.html
One can hope. Fingers crossed the worst is behind us.
CXH Price at posting:
2.2¢ Sentiment: None Disclosure: Held
