No matter which way you look at it NXL was not in a fit state for listing when it did so in late 2020.
It was rushed, it was opportunistic, it’s financials were dodgy.....and clearly there were a whole lot of shady and dodgy characters in and around it. Why isn’t Macquarie being held to account ?
My exposure is not as great as it once was but I still have enough skin in this for it to hurt.
If Macquarie had an ounce of decency they would step in .....MQG is a $140B goliath. NXL’s market cap is now a pathetic $450M. MQG could start buying into the stock and easily drive the price back up to $3 or $4.
As a PR/Goodwill gesture they could even announce a ‘takeover’ offer (ie effectively take the business back in house) at say $4 ......most investors would happily accept that.
Such moves would cost them peanuts in comparison to their market cap.
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Last
$3.23 |
Change
0.150(4.87%) |
Mkt cap ! $1.046B |
Open | High | Low | Value | Volume |
$3.15 | $3.24 | $3.10 | $1.465M | 460.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3105 | $3.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.24 | 1286 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3105 | 3.210 |
1 | 300 | 3.150 |
1 | 4000 | 3.100 |
1 | 970 | 3.050 |
1 | 286 | 3.010 |
Price($) | Vol. | No. |
---|---|---|
3.250 | 19750 | 4 |
3.260 | 8671 | 3 |
3.270 | 20000 | 1 |
3.330 | 239 | 1 |
3.340 | 18000 | 2 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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NXL (ASX) Chart |