NLG 0.00% 0.4¢ national leisure & gaming limited

time to get involved

  1. 10,543 Posts.
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    If you want an opportunity to pick up a sizable number of shares at a low price have a look at NLG.You can buy 2,000,000 for $30K.It is way underpriced for the long term.The banks have given the green light for 13 months plus capital expenditure to fit out the pubs.Sure profits have fallen but so has the share price to a ridiculous price.Things did look shaky until the banks refinanced.I am surprised that it fell so I had to pick up more for the long term.A risk to reward scenario where the risk has been given a 13 month bank extension.

    National Leisure & Gaming Limited (ASX:NLG) refers to previous announcements regarding
    its existing financing facilities which were due to expire today. NLG is pleased to advise that
    the Company has successfully extended its existing financing facilities with Bank of New
    Zealand Australia (BNZA), a business division of National Australia Bank Limited, until 31
    July 2009.
    The extended facilities include approval for a CAPEX facility which, importantly, will allow
    NLG to continue its capital works program.
    The board of NLG appreciates the support of BNZA in its ongoing operations
 
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Currently unlisted public company.

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