NLX still suffers from a management credibility problem overhang. So many times in the past they have promised big things for "next year", only for it to happen that when they report the results for "next year" there are write-off's of all sorts. With the AGM out of the way and nothing special to offer shareholders, then in the absence of some type of takeover bid for them I would expect their shares to drift back in the the low 4c range. A forward pe of 7 for a company with a track record such as NLX is not cheap. Risk does not warrant the possible reward. If you want to play/punt with a company that has a similar forward pe, a forward yield of around 6.5%, and has issued positive forward guidance then check out MCP
NLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
