Interesting to see Goldmans Sach asset management still buying stock as a substantial shareholder. As a new large insto, they hardly classify as a punter!
In a market with plenty of extreme volatility, NXT looks to be a low risk growth stock now that it has recapitalised - $250m of cash + $50m of undrawn senior debt to fund the next phase of capital investment. Few stocks like this on ASX today
Also, NXT will be well position, post capital raising to be included in ASX200 Index come the next rebalancing in March. This should see a natural new set of buyers, ie index funds
NXT Price at posting:
$2.52 Sentiment: Buy Disclosure: Held
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