Nylex Ltd

[bull....]

Could be in the process of making a major bottom formation.
Watch for their results to confirm this.

[davidrob]

NYLEX is a very intersting story indeed.

Kerry Stokes--Aussie billionaire,Channel 7 Media barron and owner of the Caterpillar havy transport equipment francise in Australia-is now the majority shareholder.

A lot of executive/management; with NYLEX connnected to St Kilda footy club--(for all you AFL footy fans out there--Go the Sydney Swans !!)..so there's people on the Nylex board like Rod Butters etc

Intersting Investor presenation of the ASX website about 2 months ago

_--Iconic Aussie brand is Nylex, but they've probably IMO only got about 1 more "shot in the Locker" to turn it around as they've disappointed quite a bit over the last 24 months or so...

-Personally I don't invest/do "turnarounds"--but they can be very profitable--ION fits this example--as does potentially Strathfield(SRA) and a similar re-build with Talent2--the old Morgan & Banks.

--potential issue is Australia's major city garden/water restriuctions, which hits their Gardena hoses/hose fittings division sales for six

Regards,

Robbo
quote:Originally posted by bull....

Could be in the process of making a major bottom formation.
Watch for their results to confirm this.

[bull....]

Cheers Robbo
Your correct in saying they could be a turnaround story a lot of yards have been put into restructuring the company and the next result will tell us how well they are going.
The company seems positive on this count but results could include the last of the write offs guess the point is if you take away the write offs if they occur is the underlying company performing now.
Kerry Stokes has his finger in a number of very intersting turn around companies.

[bull....]

The company has five businesses: Plant Hire, Building Products, Plastics Products, Automotive Products and Engineered Products.

Company History
The company commenced as an investment company in 1987 and listed on the ASX in 1992. In 1990, following shareholders' approval, the company decided to diversify to an industrial manufacturing group. ARL has expanded predominantly by acquisitions. Presently, the company has five core operating businesses: Plant Hire, Building Products, Plastics Products, Automotive Products and Engineered Products. In March 2002, ARL sold its loss making textiles division.

Operating Divisions
INDUSTRIAL PRODUCTS DIVISION:
Involved in the manufacture of radiators, seating components, fabric and ferrous castings and processing of metal products including hi-tech precision engineering tools for the aerospace, bio-medical, power generation, automotive and water reticulation industries.
CONSUMER PRODUCTS DIVISION:
Involved in the manufacture of fabric for apparel market, manufacture of extruded and calendered polymer products for the automotive, gardencare, packaging and other industries, manufacture and service of industrial processes and air compressors, the manufacture of collated fasteners, bolts, screws, nuts, rivets, nail plates and roof truss designs, and the distribution of specialised capital equipment.

PLANT HIRE DIVISION:
Involved in the hiring of plant to the construction, maintenance and infrastructure industries, as well as engineering of specialised plant.

CORPORATE ACTIVITIES:
Includes corporate consulting fees for management of business operations and property rental income from operating business.

[davidrob]

A bit too leveraged to the Building and Horticulture/Nursery/Irrigation sectors for the current cycle don't you reckon Bull?
Robbo

quote:Originally posted by bull....

The company has five businesses: Plant Hire, Building Products, Plastics Products, Automotive Products and Engineered Products.

Company History
The company commenced as an investment company in 1987 and listed on the ASX in 1992. In 1990, following shareholders' approval, the company decided to diversify to an industrial manufacturing group. ARL has expanded predominantly by acquisitions. Presently, the company has five core operating businesses: Plant Hire, Building Products, Plastics Products, Automotive Products and Engineered Products. In March 2002, ARL sold its loss making textiles division.

Operating Divisions
INDUSTRIAL PRODUCTS DIVISION:
Involved in the manufacture of radiators, seating components, fabric and ferrous castings and processing of metal products including hi-tech precision engineering tools for the aerospace, bio-medical, power generation, automotive and water reticulation industries.
CONSUMER PRODUCTS DIVISION:
Involved in the manufacture of fabric for apparel market, manufacture of extruded and calendered polymer products for the automotive, gardencare, packaging and other industries, manufacture and service of industrial processes and air compressors, the manufacture of collated fasteners, bolts, screws, nuts, rivets, nail plates and roof truss designs, and the distribution of specialised capital equipment.

PLANT HIRE DIVISION:
Involved in the hiring of plant to the construction, maintenance and infrastructure industries, as well as engineering of specialised plant.

CORPORATE ACTIVITIES:
Includes corporate consulting fees for management of business operations and property rental income from operating business.

[tracker]

the vol has certaimly picked up, it just seems to stall all the time cant ever sem to get it together,it is back on watchlist for a breakout, but for me it sorta seems to have alot of false starts
trade well
stops as always
tracker

[bull....]

Davidrob depends only if you believe the economy will slow.
Personally see Aus economy moving nicely forward for the next few years so under this senario Nylex should perform if of course they have turned the company around as with all turn around stories their are risks but rewards are certainly good if they have.

The charts show support at 26c and resistance at 29c a move over 29c would be very bullish.
Of course a move under 25 would probably invalidate there success.

[davidrob]

"Beware the Turnaround of a Diversified Industrial" Bull IMO..

Turn-arounds of this nature take up a lot of management time, often with mgt casualties--and haven't there been a lot of those at NYLEX over past 12-24 months..and turn-arounds take a lot of "sell-offs" re-financing, re-structuring systems--IT, accounts, transport distribution--and then the need to get some FOCUS...Has present Mgt Proven elsewhere they are the geniuses to do this ???

On top of that--the Nylex Brand needs freshening up--and re-focussing--I mean those "Trust Nylex" advertisements on the telly were hopeless and meaningless. If they had a Richard Branson or a Gerry Harvey marketing guru--then I might be interested. On that topic, I did hear a whisper that CEO of GUD industries(Victa, Sunbeam Davey waterpumps) might have been approached by some head-hunters...), but it is only a whisper at this stage... and we all know of the mighty success of the mighty GUD...(class act IMO:))

Also a quick glance at Nylex Balance sheet tells me there's one annoying operator between Nylex and the share-holder...and that's the Bank--which like a In the Hock to the Hundreds of Millions like say, Kiwi-- Hart's; Burns Philp, THAT means every 1/2 %age interest rate rise, on the short and medium term Bank Bills, and myriad other Debt Instruments, the net result is another BIG grimace and ouch and $$xxmillion off the bottom line...

Debt plus medium term Turn-Around plus serious question marks over mgt PROVEN credentials(the execs that is--not Stokes)--tells me that although Nylex might be a third time lucky, it's best, in the circs. not for my money.

Robbo.


quote:Originally posted by bull....

Davidrob depends only if you believe the economy will slow.
Personally see Aus economy moving nicely forward for the next few years so under this senario Nylex should perform if of course they have turned the company around as with all turn around stories their are risks but rewards are certainly good if they have.

The charts show support at 26c and resistance at 29c a move over 29c would be very bullish.
Of course a move under 25 would probably invalidate there success.

[bull....]

Nylex just released a very positive earnings annoucement.
The market is impressed as shown by the close at 29c on 12 million turnover.
Very cheap share if you look beyond the horizon.

[davidrob]

Yep..it looks like NLX is turning The Water shortage here in Oz into a positive..what's that one about the glass being half full or half empty !!;)[?]

Bull--there(NLX) argument is going to be they are restructuring/putting a ruler/closure, quite rightly under THE former unweildy lacking in synergy behomoth that was the dispare Industrial group called Nylex....but do I read rightly, still NO PROFITS yet...

so the market will factor everything in presumably--and ask: is the company a GONNA...OR realistically, a God forbid--Money/PROFIT Maker...

anyway--what do you reckon the market will grade--price wise this Plastic fantastic at??--highest this year, I believe was 36-37 cents, against a close of 29 cents on a 5% rise today,,is 39-41 being a bit toppy--or conservative--IYO--Bull?

By the way Bull; did you see the whopping big announcmenent re. Burns Philp -- BPC--another $1.9 Billion Aussie smakeroos for the kitty--I am very good friends with the Company Sec/Lawyer who put the announcement on the ASX--if your interested to follow this one--but it'll be fastest finger first tommorrow morn by the looks....;):)
cheers
Robbo

So Bull, what are your quote]Originally posted by bull....

Nylex just released a very positive earnings annoucement.
The market is impressed as shown by the close at 29c on 12 million turnover.
Very cheap share if you look beyond the horizon.
[/quote]

[thekiwi]

Does look interesting and will follow with interest ....

http://home.infobahn.co.nz/images/asx/nlx/20040722_daily.png

http://home.infobahn.co.nz/images/asx/nlx/20040722_weekly.png

[Watson]

Nylex is a dog....just look at the debt carried over on the balance sheet.....currently the company have 150 million in debt....Its a target for bargain hunters who will suck the smaller shareholer in once again and when the comapny hits the wall again they will be dumping and skimming what profit is left..and guess who gets burnt.

It will take a long time before the company can return to profit and that will be determined by the current market conditions....competitor activity etc.. and if the market slows then the companies growth(revenue) will diminish.

They have also diversified which can be a downfall also

I agree what Robbo says in that it takes months if not years to restructure and reduce/clean up debt/ replace systems etc......

If expansion is on the horizon then it will require capital injection.......just another medium to large enterprise having its financial worries due to "BAD MANAGEMENT"

How many times have we seen this.remember Brambles /NAB / AMP/ SOUTHCORP etc....bargain blue chips?????

Then look at companies like Michael Hill/ Maquarie Airports etc...solid growth and plenty of capital....and more upside to come

Cheers Watson

[bull....]

Davidrob the price action shows a major price bar to the upside on huge volume this should be considered bullish.
As for price targets cant see any reason why it would not trade back at mid 30s ,now the writeoffs are all done the underlying business left should be profitable as suggested by there forecasts which should now factor into the price , would imagine if next results meet forecasts as I say the current price will look cheap in hind sight.
Biggest risk now I believe is the managment going forward being able to deliver on there forecasts if they do this will add a lot to the value of the share.
Do you believe the management are able to deliver on their forecasts.

[bull....]

Nice bar today from the correction on strong volume looks good to make a new short term high.

[tracker]

31 is resistance(thanks alpha) but it did have a little bit more "oomph" than usual
watching with interest
if breaks that 31 level would make for interesting trading
tracker
tight stops as always

[thekiwi]

quote:Originally posted by tracker

31 is resistance(thanks alpha) but it did have a little bit more "oomph" than usual
watching with interest
if breaks that 31 level would make for interesting trading
tracker
tight stops as always


Agreed ... especially if it can get some more volume ... today was good, but more would be better :D

[Watson]

Touched 32c on moderate volume.......holding up well at the moment new support at 31....managed to pick up a few at 29.5

Cheers W

[davidrob]

Hi Watson, Kiwi, Bull et al,

Notice Nylex doing a lot of colourful pie chart "Analyst Presentations, here in Sydney and Melbourne"--Haven't had time to Look at the "type of trades"--I mean are there any Insto's or fundies building a big position--or is it more along the lines of the Smith Barnies/Macquaries/ABN Amros etc etc getting their mums and dads in ??--Either this is sailing all the way to a 70 cent or dollar(okay I admit ato my position being that of super skeptic--I remember the days of Mr Allan Jackson; being the darling of the In Investor crowd.... and the crowd went sailing over the cliff with all the lemmings as per usual--as he piled the debt higher and higher into the disparate mess/conglomorate it was to become..

Very interesting case study though is our NYLEX: and worth drawing other parallels--reminds me a bit of Strathfield--who might I say DID Disappoint against their guidance, in what was otherwise a rather up-beat Retail environment for the GUD's; Harvey Normans,, Just Group, Noni B--nice numbers Noni-- !!:)--Fantastics; The Reject Shop(now there's one TRS --;);)to keep your beady eyes on chaps--happen to be quite close and this maybe one; for the little black book...[^]--and another Dark horse that I'm watching out for the figures on, is children's clothing manufacturer--Austin Group--ATG--again disappointed last time--the Turn-Around dilemna kicked in yet again here too, and of course Burnsie with Mr Hart--share price has not really been exactly-- a orgasmic bakers dozen---and jury is still also out on ION--these last two all have that nasty four letter swear word; when it comes to making money and profits--that is-- starting with "d".......

Buffett did well of course; with a turnaround..... with AMEX --American Express, all those years ago becasue of two(2) things basically--Huge margins,,almost invincible international Brand Leverage and in the days of the Nifty Sixty in the 'ol USA--in a Advertising Golden Age Consumer society mad hungry for Instant Satisfaction.... and therefore Instant Credit---with Massive Global Market Growth Prospects requiring bugger all Capital re-investment--just bank those greenbacks and mail yet another statement and 18& interest on the plastic platinum.....--but I do note that Buffett officially nowadays says succinctly: "I don't do turnarounds...."

So in essence should we S/Traders,..."do tunarounds"---and if so, under what conditions and in what circs ???

Suppose it all gets down--to timing the rise--if we're traders and getting out before the roller-coaster follows the inevitable Newtonian gravity principle: "of what goes up........"--

For the fundamentalist neo-cons among us--again it gets down to the Pricing Power current and potential--will there be minimal DEBT soon and big Earnings and Return on Equity year on year---OR---could Nylex be the next Nylex resurgent GUD with kick ass product development(25 plus !!!successfully newly launched products this year...AGAIN --!!)...and GUD's maintainable pricing power--so waht will Nylex's current and likely NYLEX Profits be ???,(without big and sustainable Profits--you either sell more of your Family Silver--assetts or stay in Big Short Term Debt and pay the Lenders their silver every month; or keep going back to the shareholders for more money---and dilute company.....more and more.....Nylex has currently 10 times GUD's shareholders at a whopping 650 odd million shareholders which relative to its market cap to my mind is a trifle worry...

What do we all think---go with the flow--or AVOID...

For me, better predictable rational value elsewhere,,,but am all ears to counter arguments !!!:):)

Warm Regards,

Robbo


quote:Originally posted by Watson

Touched 32c on moderate volume.......holding up well at the moment new support at 31....managed to pick up a few at 29.5

Cheers W
</font id="qu

[Watson]

You make some very good points Davidrob........

Based on what I have seen with turnarounds is that it is difficult to regain the "investor confidence" as most have lost 100s and thousands of dollars.

Some of the determining factors as to why you may regain some confidence in a company that couldnt get it right previously are:

1)The new business plan and how the management will impliment the new systems and strategies to turn around their bad fortune.
In the case of NLX they appear to have a plan to move back into profitability and dramatically reduce their debt and increase their equity ratios..Their last financial result would indicate that.

2) Whether the company recognise that the management structure responsible for the huge deficit are held responsible and dealt with accordingly. Shareholders want to know that the poor performers are repremanded.

AS an example : take alook at IHG . They have 100 million of orders on the books but have had to restructure (break up the company and retain all assets and sales orders)back it in to another entity and dispose of the cancer within the operations side of the business. As soon as this was done , the ceo resigned (actually he was fired as we all know) and instantly the shareprice went back up......
This company will now be able to progress forward and more than likely make good profit.
How was this possible?? Because the major shareholder came to the rescue....Yes Ron Brierley (GPG)....But not all companies are saved in this manor so one important thing to consider when buying into a company such as NLX is "WHO ARE THE MAJOR SHAREHOLDERS" And are they prepared to resurect a company with alot of debt but with untapped potential if the s*** hits the fan due to bad management practices.

I dont think Kerry Stokes would invest if he thought the company had no chance of survival and future growth....mabey he works on the old Warren Buffett turnaround theory.

Cheers Watson

[tracker]

i was happy to see the share clear 31.5, BUT it just took too long to do it imo.
tech people might have bought on that "breakout", and yes I ultimately think it might go higher, it just didnt have the guts to do it in style
I think it will give it another go sooner rather than later, and the market wasnt exactly that inspiring today
looking to enter at some stage soon
tracker
tight stops for those holding I would say

[davidrob]

Has Nylex plataued ?
Robbo


quote:Originally posted by tracker

i was happy to see the share clear 31.5, BUT it just took too long to do it imo.
tech people might have bought on that "breakout", and yes I ultimately think it might go higher, it just didnt have the guts to do it in style
I think it will give it another go sooner rather than later, and the market wasnt exactly that inspiring today
looking to enter at some stage soon
tracker
tight stops for those holding I would say

[bull....]

Looks like the weak longs have been shaken out now and we have moved to new highs.
Exciting stuff going forward.

[kittydashwood]

There is value here IMO and new support is confirmed.

Following with interest. after grabbing13000@.31.

[kittydashwood]

NLX powers on again today with good volume. Watch that resistance at .35

[bull....]

Kitty the breakout over 33c today looks good technically.

[bull....]

Looking very strong technically again today strenght coming thru could propel the share a lot higher yet in this move.
Breaking out also on a weekly basis now very encouraging if you wish to accumulate for the eventual fundamental growth which is coming.

[kittydashwood]

Great Volume on a text book breakout. It might even go higher tomorrow. Sellers look to dry up @.37

[bull....]

Nylex tanks up in push for water
By Blair Speedy
August 25, 2004
DIVERSIFIED industrial Nylex has gone to water.

In a country as dry as a chip, managing director Glen Casey says that is where the growth is.

The company has bought two Queensland water-tank manufacturers, for a combined $2.5million, ahead of a national marketing push for its new range of water saving, collection and recycling products, which would also be distributed in Queensland by the newly acquired businesses.

Outlining the company's strategy to become Australia's largest water products supplier, Mr Casey said the products would boost sales by $30 million this financial year, rising to $70million by 2006-07.

"The tank businesses establish a base for us from which to launch our water products," Mr Casey said.

The products include flow regulators for taps and showers, recycling systems that use water from the kitchen, bathroom and laundry for garden irrigation and toilet flushing, and tanks and bladders for the storage of rainwater.

They would be sold through retailers, including Bunnings, BigW and Mitre 10 from next month as well as directly to commercial and industrial users, with plans for a direct-to-household service under which Nylex would provide and install water storage and conservation products.

The average household could reduce its annual water consumption by 40 per cent, or about $100, by using such products, Mr Casey said.

Nylex was talking to local, state and federal governments as well as water authorities on the prospect of allowing home owners to offset purchases of water-saving devices against their water bills, Mr Casey said. But sales forecasts were not based on expectations of government support.

The acquisitions of Complas Industries in Bundaberg and Enviro-Tuff plastics in Brisbane follow Nylex's $9 million purchase of Australian Rotomoulding Industries' Victorian water tank maker, Plastank.

Plans to acquire a distribution capability in Western Australia were under consideration.

Mr Casey said building regulations requiring new homes in Victoria and NSW to have water tanks was a positive for demand, with Nylex securing supply agreements with home builders.
The company hoped to leverage the supply arrangement to increase sales of other water conservation products. And it is not the only one to see a future in the sector -- BlueScope Steel purchased Sydney-based City Rainwater Tanks last month, while US-listed Channell Commercial Corp has taken a $23million stake in Queensland's Bushmans.

Mr Casey said Nylex's annual results, due for release tomorrow, would be the company's fourth consecutive loss before an expected return to profit this financial year. Nylex shares closed 1c lower at 28.5c.

[bull....]

PM pledges national approach to Australia's water problems

The Australian Conservation Foundation is worried the nation's political leaders won't be able to put aside self interest to agree on a national water plan.

Water will be the first item on the agenda when the Prime Minister and the Premiers and Chief Ministers meet in Canberra tomorrow.

Our reporter, Melanie Christiansen says the meeting will discuss a plan to save the ailing Murray River, Australia's largest inland waterway.

However, Western Australia and Queensland have expressed concern their river systems are not getting the same attention.

Don Henry from the Australian Conservation Foundation says: "We're deeply worried about some of the signals and fingerpointing that's going on already prior to the meeting."

But the Prime Minister, John Howard, has said in a radio interview he is taking a national approach to Australia's water problems.

"I don't regard fixing the Murray-Darling basin as being the be all and end all of water reform,"he says.

The Prime Minister also has repeated his promise to farmers that their legitimate interests won't be ignored and they'll be compensated if their water rights are eroded.

[bull....]

I see Institutions are moving into the stock now this must be a positive.

[bull....]

Looks like support held and a reversal today look for a close above 36c on weekly basis to confirm bullish trend.

[kittydashwood]

yes could be the last week at these prices

[bull....]

Preference shares convert shortly this reducing debt considerably also interest bearing liabilities reduce all in all makes there balance sheet look very healthy now for future expansion.

[bull....]

Well didnt get the close above above 36c we were looking for it does confirm our resistance levels though 36c weekly 37c daily pretty hard correction seems someone is intent on driving the price down still remains as a long term upbreak at this stage though.

[tracker]

yeah has taken a bit of a pounding lately,the stock is not shortable,and very hard to borrow, so bit screy to see how hard it has pulled back.
support should kick in soon one would think
tracker

Tracker Don't forget the price of oil it has a big impact on this company.

[tracker]

yeah sorta forgot about that thanks again Enigma
have a great day
tracker

[kittydashwood]

Buyers are slowly returning. I think someone is trying to build a stake here.

[bull....]

Bounced back nicely 36c close today and announced the sale off some more non core assets.

[tracker]

hmmmmmmmmmmmm 33.5 looking mighty fine
wasnt 100% sure tho
trade well, and well
done
tracker

[bull....]

Nice call Tracker maybe you should back your gut feeling sometimes.
See National hire have a trading halt in place dont know if this ties up with Nylex or not and AH Plant Hire.

[tracker]

hey bull
thats halve my prob
cleared the decks so as could buy 20 all and hold etc, then just didnt have the "guts" to go thru with it
was siting at 7 bucks and looked at 707 the sec it got there, it fell no more and didnt know if i should pay a little more after such heavy buying b4 3 day rule for me etc was a gimme
the upgrade was left feild , but I thought it would get back up pretty close to 8 bucks so yeah ,
I AM A CHUMP left 36g in a 2 and a bit day trade
cant quite beleive it really
always another bus leaving the station tho
BUT
shot me in the foot I think it would be less painful lol
tracker

[kittydashwood]

Close at .35 on Friday may be up trend confirmation, have they really turned the corner with the recently announced sell off of non core assets. Monday will be interesting, this stock has had too many false starts and such murky Fundamentals that its hard to tell. Still Dec-Jan are always positive for NLX share price with the constant risk of drought in the the lucky country.
So many shares...:(

[kittydashwood]

A fourth Doji today will be good indication we are in a new trading range. Dojis form when a security's open and close are virtually equal. Still reasonable volumes so heres hoping for the traditionally strong summer sp.

[bull....]

Bit of traffic congestion around at the moment which is not bad as will provide the fuel for the eventual push through resistance at 37c day 36c weekly.

[kittydashwood]

Seems the directors are confident of the future. Most disclosing large acquisitions of ordinary shares and disposal of convertible notes today. I will look for some more myself tomorrow. My paws are itchy.

[bull....]

Nice announcements today on target for profit targets this will be a great achievement and first water savings contracts made for next year.
Still need to see the resistance levels breached for the price to head into the 40c range.

[kittydashwood]

Will make .40 this time but won't break it. Hopefully there will be one more buying opportunity before 2005.

[kittydashwood]

Will make .40 this time but won't break it. Hopefully there will be one more buying opportunity before 2005.

[tracker]

very nice move today
missed announcement etc
looks ok
trade well
tracker

[bull....]

Nice move today thru resistance so far to make a new intra day high, very bullish going forward if we can hold above the resistance levels should lead to a nice move soon.

[kittydashwood]

16,984,385 shares traded on Friday, excellent volume! A thick band of resistance has evaporated. If .40 is broken look for another layer of resistance at .43-.45 cents.

[bull....]

Breakout validated above previous resistance , consolidated above this and now is breaking out to new highs this should see us move to mid 40s in a short time span.
Price move will be reinforced by announcement of results soon and possibly forecasts for this current year.
Looking for continued growth in earnings and revenue and aquisitions going forward.

[kittydashwood]

Good volumes saw Nylex through .42 last week. Uptrend fully formed and sellers seem to be thinning. Anybody got a guidance for 2005 eps?

[davidrob]

Do NOT quite see The Nylex Connection ....;
what Green Nylex Garden Hoses; AND.... with Serena Williams New Fashion Statement Hot New Yellow Canary Stunning Tennis Dress;

However; bec. ....

and due//thanks to Kerry Stokes; Nylex.(NLX)(NLX)...

are getting a STACK of free??//heavilly subsidized??... Publicity, Promotion and Awareness Brand-Building Currently on: T.V.'s Channel Seven(7) through the Nationally TV Broadcasted Top - Ranking Australian Grand Slam Open Tennis Championships;

with national coverage; (are you Kiwi's also getting this Tennis Coverage relayed over there on the Land of The Long White Cloud ?? )...for this high rating tennis bonanza 2-3 weeks period ...??

So; this; should I imagine, do positive things For Nylex(NLX) increased Sales Revenues...as they ALWAYS say:

"Early to bed, early to rise, work like hell, AND advertize..."

Regards,
Robbo :)

[bull....]

Dav good to hear about the coverage of Nylex cant say of seen any here as dont have Sky no time to watch the box as they say.
As you say good advertising is good for brand awareness.
Waiting to see if Nylex win those water tank contracts coming up surely will send the price skyward one would think[:p]
Any goss in your neck of the woods?changed your mind about the turnaround story?
Anyways the chart looks like it may be about to get a torpedeo up its backside soon skywards for sure sure to surprise many but not the few.

[bull....]

Bit more buy interest today.

[bull....]

http://img.villagephotos.com/p/2005-3/967662/ScreenHunter_002.gif

We mentioned that a sharp rise would shortly occur and it did confirming a new accelerated uptrend.

THE KING says whats going ON with NLX the report out last Friday sort of hard to read to get Direction down today with large turnover,, Selling this Buying that but appears down on the heal has a shearholders list that reads like a Who`s Who get togeather from the old days,, looks like all the faith is now apoun the Water Products but before that have to get out of the Auto Bis its a long report with not much Prodiction could someone HELP.. [^][^]

[Arthur]

http://www.aireview.com/index.php?act=view&catid=8&id=1437

THE KING says have read that it more or less says the same as the Q.. It appears they dont know EITHER..[^][^]

[bull....]

Still like the story myself guess this was a case of profit taking before the result probably better than after.The fact that most divisions results are up is very positive.
Still in an uptrend at the moment.

[bull....]

Looking good again by trading the channel this stock has provided considerable profits.
As we said a while back a spike would come which did enabling one too take profits at the top of the channel at 45 -46c then buy back at between 39c - 40c the bottom of the channel locking in great profits and confirming the uptrend of the stock at the same time.

[winner69]

Result wasn't too bad

But the chart looks a bit sick at the moment

[winner69]

bull / kitty ... hope you didn't get caught here

Looks like banks are protecting themselves and stuff anybody else ... think all that optimism was a bit much bull ... doubt that we see solid earnings stc stc for some time now seeing the hire part been hocked off

[winner69]

quote:Originally posted by winner69

bull / kitty ... hope you didn't get caught here

Looks like banks are protecting themselves and stuff anybody else ... think all that optimism was a bit much bull ... doubt that we see solid earnings stc stc for some time now seeing the hire part been hocked off





More than the banks protecting themselves now ... or trying to .... probably the receivers next

Hope you guys didn't get caught trading the channel you mentioned .... 40 to 5 is a long way down ... some day trader activity but that will stop soon