Are you really surprised? Imagine the information they have available in their databases, with all this corruption within top figures within NXL, is it so hard to believe that many customers withdrew and looked for an alternative.
If they don't negotiate a settlement prior, the Sheehy vs Nuix Court case will be complete in June. And the Class action will probably take a couple of years; you are right about this, and I expect that will eventuate into problems for Macquarie themselves because the light is being shed on their exploitation of the IPO. MAC knew they had key employees leaving and a lack of high-level engineers to improve the quality of existing services and expand their horizons.
Check out the articles on copyright link(Australian financial review); it requires a subscription, but if you refresh the screen and quickly press stop as soon as the article loads, you can see it for free. They have a timeline of NXL from pre ipo till the present in-depth with a lot of information you would never find on your own.
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Nuix - Future outlook. Where to from here?, page-17
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Last
$3.50 |
Change
-0.010(0.28%) |
Mkt cap ! $1.132B |
Open | High | Low | Value | Volume |
$3.50 | $3.55 | $3.46 | $2.231M | 636.9K |
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No. | Vol. | Price($) |
---|---|---|
3 | 6123 | $3.47 |
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Price($) | Vol. | No. |
---|---|---|
$3.50 | 4998 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 4000 | 3.470 |
2 | 3631 | 3.460 |
1 | 10000 | 3.450 |
1 | 1000 | 3.420 |
1 | 3000 | 3.410 |
Price($) | Vol. | No. |
---|---|---|
3.500 | 4998 | 1 |
3.510 | 3000 | 1 |
3.540 | 250 | 1 |
3.550 | 2816 | 1 |
3.560 | 180 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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