- The company is focused on WA. Sydney admin to relocate to WA - Recapitalisation is being considered - Operationally the business is viable - Admission that they paid too much for the assets and over-geared - Company may offload 2 pubs (depending on offers) - Talks continue with banks re: covenant breaches - Roland Hill has been meeting with a number of publicans and other executives to find new directors - Immediate focus is to get the annual report signed off and remove the trading suspension - Major shareholder is looking to resolve Compass's issues independent of Hill (sorry, forget the details)
CXH Price at posting:
4.0¢ Sentiment: None Disclosure: Held
