CXH 0.00% 1.5¢ compass hotel group

bby go substantial

  1. 1,165 Posts.
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    BBY increased their holding in CXH and have gone substantial, holding just under 10 million shares or over 8% of issued capital.

    http://stocknessmonster.com/news-item?S=CXH&E=ASX&N=591452

    I take this to be a positive move, particularly because CXH consulted BBY to act as an advisor on a recapatilisation. Why would they buy more of something that is going to the wall?

    http://asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00994926
 
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Currently unlisted public company.

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