Where next for care homes group Southern Cross Healthcare? The group put out another RNS this morning on talks with its landlords which shed just a little light on where the group has got to.
20 landlords turned up to its meeting, Southern Cross said, to discuss financial restructuring:
No decisions were made at this meeting but there is a general recognition of the value to all parties of moving forward to a solution in an orderly fashion.
What "moving forward to a solution in an orderly fashion" means is unclear, but the shares shot up by 28%, a 2.8p rise to 12.75p. The shares were worth 90p this time last year.
