Email Update

By Intelligent Investor · 9 Jun 2000

By Intelligent Investor ·
9 Jun 2000

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Nylex Limited - NLX

Current price

$0.06 at 12:51 (10 February 2009)

Price at review

$2.32 at (09 June 2000)

All Prices are in AUD ($)

National Australia Bank has been a seller of Austrim Nylex shares. The company has been unusually quiet this year probably, because it has run out of balance sheet flexibility with which to accommodate more acquisitions. For the long run, however, we expect Alan Jackson will continue to work his old BTR Nylex magic. The stock is down slightly from the level of our issue 49 brief (Hold - $2.36). Continue to HOLD.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

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