CXG
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2.27% 21.5¢ coote industrial ltd

bargain, page-18

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  1. troglodyte
    17 Posts.
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    07/07/09
    02:06
    Post #: 5362891
    http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=752466#3362937

    It is covered by older posts (try adv search), but essentially Coote was selling Locos to Greentrains, then leasing them back. This was to free up cash, reduce debt etc.

    AFAIK funding for Greentrains is still an issue, meaning Coote has not received all off the funds this was expected free up... And the whole process has been fairly opaque to me. I'd like to dip my toes further in, but haven't got the confidence at the moment...
    CXG Price at posting: 20.1¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Currently unlisted public company.

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