bought at 1.17, page-39

It will lose money at the current price.

Also remember, NXS is a 30 June company, it will need to mark to market its investment in AZA to the 30 June 2008 share price. If the price is below its average buyin price, it will be recording a loss on its investment in the income statement. How happy will that make NXS shareholders (albeit it is technically a non-cash item - which Management will emphasis no end in its financial commentary!).

More likely, it will wait for someone else to make another takeover and sell into that rally.

Cheers