valuation , page-5

Macquarie Bank if they still have a substanital holding acquired a year ago around 38 Cents saw value in CFK.
I think if CFK continues to fall MBL of others may launch a take over.

The reasoning is CFK at 15 cents has a market capital of just under $13.5M. Wtih MBL share holding they could acquired the whole of CFK they dont own for around $10M considering they paid over $6 million year ago for a 30% stake.

Remember also that ABC launch takeover for Huntchson childcare for around $88M, they to had similar problems
CFK but was probably in a beter financial position.

I hope CFK financial position does not deteriate to much in the near future, so one see value in CFK and offers some sort of premium to long suffering share holders.

Any opinion out there?

Just my opinion do your own research