you should be very concerned with whatever Macquarie owned. Even at the current share price, Macquarie still sits 900 million profit on his 30% of share holding. They own the companies much earlier than you. What price do you enter? you are never in a position the same as Macquarie. A decade ago no one trusts Macquarie after BrisConnections float, but who will remember this now?
now the best way to save this company is to sell it to someone bigger and with better reputations. the CEO and CFO need to step down ASAP. this share will go down to roughly $1.6.
if you know the bad management is still there, why would you still invest in? this is not a gambling game.
NXL Price at posting:
$2.76 Sentiment: Hold Disclosure: Held
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