Wait for results NXL will be next APT, page-44

Well.. when u hold people not necessarily trust in your views.

but i keep pretty simple my way to understand the facts.

Macquarie holds 30% and that means they have huge power to define and vote and where they go many others just follow.

they have huge volume of money and interests all around Australia involving huge number of assets .
this IPO created a pretty bad propaganda to them and hurt their image.

they are not stupid.

for sure they are the ones that request change the board and im sure they have now somebody receiving in weekly basis reports what is going in because they cant afford new downgrades that just will make them looks crooks.

as such, im a string believer in this report we will have positive and good upgrades that will promote the share towards 3.50

still too far from 5.30 but with positive views people start feel confident again that te losses will be recovered.

not advice, just my views

CATO