NLX 0.00% 6.4¢ nylex limited

Wish I had the confidence to re-enter the stock. Got burnt badly...

  1. 10,372 Posts.
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    Wish I had the confidence to re-enter the stock. Got burnt badly a couple of times from the very early days and have just sat back and watched the stock tank ever since.
    Management has a lousy track record of delivering (anything) and has had to sell off the companys "crown jewells" just to stay afloat.
    The remaining "bits" are perhaps good business', except maybe the irrigation products given Australia's dire drought situation. On the other side of the ledger maybe their water tank business will offest that?.
    Even as a punter I will still sit back and when I see management can demonstrate they have the company back on an even keel I will maybe have another crack at NLX.
    ps Don't get blinded by the fact NLX has several large shareholders on board. They have been there from day 1 and probably couldn't get out even if they wanted to.
 
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Currently unlisted public company.

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