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n Dont know much about
them, here is what NineMSN has to say about them
Trust's entire Fairfax holding was sold in July 2001 at
$4.00 per share. The resulting $436 million in cash is now available for
investment opportunities.
The Trust was re-directed in May 2000
with a new focus toward diversified investments, raising $245 million at
that time. The vehicle now takes a 'value' approach to investing, seeking
to increase unit holder value through 'opportunistic investment across all
industry sectors'. CPH Investment Corp will have the right to take up to
20% of all investments undertaken by Packer' s private Consolidated Press
Holdings. ConsPress assets include Hoyts cinemas, the Perisha Blue ski
resort, and equity in telecommunications group One.Tel.
The Trust
has undertaken a number of investments since its restructuring. In
November 2000 , it was announced that CPH Investment Corp would invest $55
million into Zurich Capital Markets Australia, a new capital market and
banking venture with Zurich Financial Services. Murdoch's Queensland Press
Pty Ltd will also invest.
In late 2000, the Trust invested $13
million in health care services group, Endeavour Health Care Ltd, an
undisclosed amount in fibre optic technology company, Future Fibre
Technologies, and $10 million in new telco, COMindico
No forecasts are
available for this stock and as such an Aspect rank is not
available
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Would you or anyone else know much about CPH?
They're sitting at about 43 cents and are due to announce their half year
result.
Jonathan
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See IRG research reports
