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NLX - Nylex Limited

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pharaoh said:
Yes Nudibranch, I bailled out thurs just before it went back up, meaning if I held another day, a loss would have been a good profit

doh
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Hindsight is a wonderful thing... it is completely useless of course, but wonderfully frustrating. Don't beat yourself up about it
 
pharaoh said:
Yes Nudibranch, I bailled out thurs just before it went back up, meaning if I held another day, a loss would have been a good profit

doh
Click to expand...

NLX to break resistance level of 0.26 by the end of next month.
 

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Does anyone have any information on this stock it's down to .05c surelty this can't drop much lower, or can it?!

 
The market is currently acting illogically. (Okay, what's new?!)

NLX is at 0.051. NLXR is at 0.008 which gives you NLX + a free option (current intrinsic value = 0.005; time value = ???) for 0.051! (and with lower brokerage)
 
NLXN is now 0.063, with NLXO around 0.023, making a 69% gain in 2 weeks for those who bought NLXR at the time of my last post.
 
Can anyone tell me what going on NLX today, now NLXDA at $2.20

Something to do with reconstruction of nlx...?????
 
SevenFX said:
Can anyone tell me what going on NLX today, now NLXDA at $2.20

Something to do with reconstruction of nlx...?????
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There's been a large reconstruction of this dog. I feel its buyer beware with a stock like this.
DYOR
 
Can you tell me any more,

how can a stock go from 5c to 2.20c which equates to 3829% on my screen...??? no matter what restructure they do...????

What am I missing here...???? (lots of question marks)
 
wizz said:
40 for 1 restructed
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Not much of a F/A, so does this mean the assets & profits have grown 40 times in the last few days with paper restructure????

Any will it SP trade Down or Up from here ...???

Through the sellers depth volume is very limited to buyers...???

Any chance of a more detailed explaination...tks
 

No ideas about the share price, whether it will trade up or down.
Dont have my crystal ball with me at the moment

Restructure has nothing to do with profits.

You get 1 new share (worth $2 at the time of restructure) for every 40 of those 5c shares.
It will decrease liquidity but now NLX will not be seen as a penny hopeful/dreadful.

For example:So you have 400million shares in your company. Share price 5c. Market cap $20milion. You do a restructure. 40 for 1. Now you have 10million shares (400/40) priced at $2.00. Market cap still $20million.
 
Thanks N.

For the Xplaination, and make perfect sense now.

However doesn't entice me to touch them anymore...esp since the've been trending down for some time now.

nizar said:
No ideas about the share price, whether it will trade up or down. Dont have my crystal ball with me at the moment
Click to expand...

: :
 
SevenFX said:
However doesn't entice me to touch them anymore...esp since the've been trending down for some time now.
Click to expand...

I'm not sure if they're worth touching any more. Their trading in the 5c-7c range was quite erratic (as I pointed out above), leading to significant opportunities. eg. It was possible to buy the shares when they had a free option attached and then sell the shares later for a small profit, while hanging on to the options. The options are currently worth something decent (over 25% of the share price, so over 25% profit for those who bought them combined with a share). If they drop to zero, I've lost nothing. If they go up, it's great.
 
So they got restructed from 5c to $2 by a 40 to 1.

And now, where are they heading, back to 5c (1.70c actually) even on a 79pts up day...
 
The fleas on this dog are bigger than the dog

Stokes keeps backing it for reputational issues - he doesn't want to be seen as a loser.He got his prize by buying AH Plant The singaporeans will learn the hard way.

The only parts worth keeping are the automotive fuel tanks and the water tanks - in both cases too big to import. Wouldn't surprise me if auto feul makes more profit than the whole company and local car production is dropping quickly

Multiple management changes, ep the last, has led to good managers going and a focus on cash vs customer service which is leading to lower sales.

Would already be insolvent without the numerous cash injections and high future restructuring costs on the shutdown of current poor performing businesses

IMHO better value elsewhere

I sold at $3.50 5 years ago
 
After gradually collapsing to sit around the $1.28-$1.30 range, they've started shooting up this week. Maybe they've hit bottom?

The options, however, seem way overpriced to me. For NLXO to ever be in the money, the NLX shares will have to almost double, which is still a nice profit anyhow.
 
NLX seems to be stepping up with weekly indicators indicating LONG for the first time in quite a while. Robust volumes through in the alst few days with price increases. MD staying around 3:1 with the broarder ASX off today after US down 140 odd overnight. Around 1.70 with a move back to 2.00 being par after the 40:1 split.
 
Closed up 4.8% today which is nice in itself ... yet MD at the close is 10:1!

I've read all the corp guff an reasonable convinced that the restructure etc is delivering cash and maintaining the turn around on EBIT ...

Anyone care to speculate on ownership changes?
 
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