CWN is arguably my favourite in todays small list as we have a perfect combination of a keen seller (Jamie Packer 36.8%), a busines that probably needs fresh / changed ownership structure to solidify its casino licence in Sydney and the share price is depressed courtesy of COVID. The embattled casino operator has already seen private equity group Blackstone buy 10% of its shares last year, I have no doubt they will be looking to add value to this stake in some manner whether through its property holdings or orchestrating a sell out by Packer.
MM remains long and bullish CWN
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