Macquarie’s Bastard Child

  1. 850 Posts.
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    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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(20min delay)
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
Last trade - 11.11am 08/08/2025 (20 minute delay) ?
NXL (ASX) Chart
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