This stock does not get much coverage in this forum. Perhaps it is too boring. But I think it is worth reading the four ASX releases of recent days. Directors buying, large increase in number of hotels and, more importantly, announcement on May 29 says net assets post transaction $133 million. But market cap less than $50 million. Net assets is an accounting term which suggests these assets comprise the value of these 28 hotels (with 769 gaming machines) less any debt. Anybody have the time to take a look? Chart looks terrible but I think this stock is just boring
NLG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held