SP1 southern cross payments ltd

NSX Cash Cow

  1. 695 Posts.
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    Until some Low Troll sold a $369 parcel of stock yesterday and sent the shareprice 15% below the proposed cap raise price, NSX was holding up well: no trades with holders hanging in there and keeping their cash in reserve for the capital raise. (Seriously, what sort of party pooper dumps a $369 parcel of stock??)

    Have there been any Management tweets or proposed members' resolutions relating to whether ISX will participate? I'm guessing it will, but have not seen the shareholders' vote to confirm.

    Once the raise is done, NSX will be a cash cow, or at least a cash calf. With a newly gold-plated balance sheet, the Saudi deal and tested management team, - NSX to the Moon. Like voting for the re-domicile, this sort of opportunity comes rarely, and my guess is that ISXFU holders will vote to jump in rather than waste money on a dividend that nobody really needs.

    Some good discussion about options and possibilities on the NSX thread:
 
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