Yoda reads in Street Talk today
"Billionaire James Packer has severed another tie with former Crown Resorts chairman Rob Rankin by quietly selling out of his holding in investment vehicle Pacific Point Partners.
Street Talk understands Packer and his private investment vehicle Consolidated Press Holdings backed out of the Pacific Point investment in recent months.
The duo originally set up and jointly controlled Pacific Point, which facilitated investments such as a cornerstone stake in funds management house CGA".
If ST is right, have misleading comments have been made in the past few months? How many retail investors have bought CTN in recent months, leaning on the extra comfort that its fundie CGA is Packer backed?
CTN Price at posting:
94.0¢ Sentiment: None Disclosure: Not Held
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