NFK 0.00% 47.5¢ norfolk group limited

i'm buyng some now, page-9

  1. 1,561 Posts.
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    Don't have password access to AFR, but in summary:

    - heading was "Bargains in mining services" and covered Tox Free Solutions, Mermaid Marine Australia, Norfolk and Emeco

    - speculation regarding NFK since Maui increased its stake

    - Maui originally floated NFK in 2007 at $1.95

    - a broker (not named) suspects that it could be taken private again

    - ownership structure viewed as not stable and "something likely to happen short term"

    - "probable scenario" is to split the assets between Maui and MND

    - improving economy and corporate action potential has lifted the sp

    - stock trading at EV/EBITDA of 4.6 (16% below its peers)
 
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Currently unlisted public company.

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