Shutting Nifty may well turn out to be the catalyst for a big turnaround in fortune for MLX. Finally the massive millstone around MLX's neck will be removed. Once this is done, the dark storm clouds should dissipate and the sun will break through and shine on MLX. Cashflow should be very strong ex Nifty. I remember years ago I worked for a co that had one very profitable division and another division that always underperformed. Overall co performance was poor as the poorly performing division always dragged down the profitability of the overall Group. We finally sold the poorly performing division and thereafter Group performance went from strength to strength as the profitable division came into its own and powered the Group along.
MLX Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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