Market cap: 2.1 million Shares on issue: 123 million Revenue: 33 million (last 6 months) EBITDA: 4 million Debt: Approximately 96 million Hotel assets: 116 million based on 09 Annual Report
The selling today was ruthless, but at the same time someone was accumulating. CXH is being valued as though it is about to go bankrupt. Who knows, perhaps this is the case. Today's announcement showed that operational efficiencies are finally shaping the bottom line. The company reduced operating expenses by 4 million in the last 6 months, so when the economy returns to normality and the punters start spending again Compass will be well placed to capatilise on a change in sentiment.
Oh well we shall see. Do your own research.
CXH Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
