NDO 1.22% 83.0¢ nido education limited

merrill lynch very lucky, page-5

  1. Jef
    369 Posts.
    ... thanks 62; it gets quite intricate, but it's also quite a standard arrangement and gives MLI access to upside if required, with much reduced downside risk for themselves and NDO. A wise move by NDO mgmt vs. OEL's position if there were any further Galoc 'acts of GPC' or weather worries.
 
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