Australia's largest stock trading and investment forum Australia's #1 stock forum

Nick's obviously confident putting out an interview at this...

First 2511 Last

Share
Profile

Follow
ausinvestor01

376 Posts.

13

25/02/25

20:50

Post #: 78022661
Share

Nick's obviously confident putting out an interview at this point in time!

Originally posted by OneGoodTrade: ↑

From 48 minutes onwards......

What is the genesis of launching own family business? His response in bullet points

- "I'm 58 now"
- "You have to sit back and enjoy what you created"
- "I don't want to be a business manager as I'm now working 7 days a week"
- "As Pheonix develops and we potentially exit out of the business, I would like to look in to some passive incomes."
- "Coming out of Phoenix I like to look more into passive income and philanthropic work."
-"Going from wealth creation to wealth preservation phase, creating legacy for family."
-"I'm backing of from being so aggressive".
-"I want to enjoy time with family thats why set up family business."

My assessment:
What is the meaning of backing away from being so aggressive? Looking at his age he clearing wants to sell Phoenix so he can sit back relax and enjoy the wealth he created. In the past he may have been aggressive about the valuation selling Phoenix. But now he is backing of the paddle and trying to transit away from the Phoenix. He may not be as aggressive as in past and may try to push the deal if anyone will be interesting.

Expand
2 Upvote

Reply

Top Stories

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

RML

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

CUV

Clinuvel shares dip, even as CEO comes back from temp leave

MEG

Iberian expansion: Megado turns to Europe with Spanish copper mines

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

AVM

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

Zip's stunning comeback: Is this the start of a $14 revival?

ASX

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

First 2511 Last