how to turn it around

poor old nlx shareholders(exciuding myself!)

here's a thought on how the board might be able to
reinvent nlx and get the share price back on course

how about spinning off ah plant into a separate vehicle /ipo like what boral and csr did many years ago

lets say they float ah plant hire
300m shares @ about 50cents a piece raising approximate $150m and thereby eliminating nearly all nlx debt

that would reduce the interest bill considerably and be
a positive impact on the npat
ah plant only ever delivered about 5m npat on sales of about 60m anyway!!!!

if this could be achieved then this would allow nlx to start afresh at a point in the cycle when opportunities in other areas might be more eps positive and seen from a prospective insto/retail client as better value

just a thoght anyway?