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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NXL
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$2.39

Macquarie’s Bastard Child
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Last
$2.39 |
Change
-0.025(1.04%) |
Mkt cap ! $788.6M |
Open | High | Low | Value | Volume |
$2.41 | $2.41 | $2.37 | $175.5K | 73.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 19474 | $2.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.40 | 12743 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 15712 | 2.380 |
22 | 13038 | 2.370 |
12 | 28967 | 2.360 |
11 | 33723 | 2.350 |
6 | 9195 | 2.340 |
Price($) | Vol. | No. |
---|---|---|
2.390 | 6729 | 18 |
2.400 | 15645 | 16 |
2.410 | 6897 | 12 |
2.420 | 31309 | 9 |
2.430 | 100900 | 7 |
Last trade - 11.11am 08/08/2025 (20 minute delay) ? |
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NXL (ASX) Chart |