Looking at the research posted it looks like they paid to much for all there Hotels and pubs and that seems to be proven in their write down on all their assets over the last reporting quarters.
If report correct they paid 18 Million for one pub with a value of 8 Million, does that make sense that due diligence was not done and do also they become accountable.
We have not seen the amount paid for each asset purchased and the written down value so far. I believe this will tell the story.
I do believe though that they have been written down now to true value and any movement in the market upward will be a bonus for us.
Only my view and not sure if correct. DYOR
CXH Price at posting:
2.0¢ Sentiment: None Disclosure: Held
