I have done a fair bit of research on CXH.Looking at their half...

I have done a fair bit of research on CXH.Looking at their half year report they turned a profit of $1.7m which I back out the financial instrument $2.3m gives $600K loss to be conservative so to me they are trading to around break even.Then the NTA is 20c or net assets $20m compared to market cap $2m.So they are trading at under 10% of NTA.If I compare this company to another pub operator NLG which only has NTA of 6c and is constantly trading loss in the red due to high interest on loans.CXH looks a better investment.A number of new substantial investors came in on CXH at just over 2c so at todays price it looks a good investment.Challenger have been selling at any price and to me represents a great opportunity.The first trade this morning was Challenger 3949378 1.7c because it matches their holdings.Challenger have ceased to be a substantial holder and may have offloaded all their shares.DYOR