NLX 0.00% 6.4¢ nylex limited

charts look great, page-7

  1. 223 Posts.
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    I think everyone is allowed to express his opinion. More importantly, it shall be based on the facts. I think Nylex is a dog although I hold it.
    1) the chart is terrible, low of low and in the down trend for the last 2 years
    2) AH Plant Hire, which was the only division that had a strong growth outlook, was sold last year
    3) Consumer which manages iconic brands such as Nylex, Gardena and Esky faces fierce competition from cheap input
    4) Industrial division performance is also under pressure. Current trading is being affected by weakness in both the automotive and building industries as well as higher costs of polymers used in plastics manufacture.
    5) Water product is only a small portion of their business, which looks promising at the moment
    6) with new capital raising, share consolidation, nothing is changed, the previous management still sits on board.
    7) In general, consolidation is bad, splitting of shares is good

    The reason I hold this stock is purely due to my slow reaction to stop loss, and taking part in the capital raising is because I am worried about dilution of my holding

 
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Currently unlisted public company.

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