NXL nuix limited

0.46%

$2.17

Ann: 1H23 Results Update, page-28

First 28 Last

Share
Profile

Follow
letsrobAbank

309 Posts.

22

14/02/23

12:51

Post #: 66236178
Share

Originally posted by tjames85: ↑

I've always thought the Sheehy case was a sideshow (albeit a fairly significant one) to the core issues that Nuix faces as it battles for survival a) it doesn't have sufficient cash to deal with adverse outcomes on the ASIC litigation and class action; and b) its much touted "operating leverage will work against it as revenue declines and each round of cost cutting further compromises the company's ability to support and maintain its existing client base (let alone invest for growth.

In previous posts I've pointed to the fact that the company is burning around $10-15M per half and around $25M per annum. That means it has just over 12 months runway unless it 1) cuts costs thereby further compromising its ability to support its clients and grow; or 2) raises capital or debt which I very much doubt it can do with all of the legal overhang that remains along with a declining business (only vulture like investors would be interested at all and you can imagine the onerous investment terms they would seek).

If ASIC or any of the Australian government clients were to drop Nuix it would be on a slippery slope to oblivion - its global regulator client base would abandon it quickly followed by all of its major corporate clients and the global list of advisory and legal firms that service them.

I had a look back at the prospectus and on page 104 it talks about Nuix's "industry centric land and expand strategy". At the heart of this is its market share of corporate and tax regulators. it's presence with the likes of ASIC and ATO seems to be key to Nuix's push into corporates. In their own words, to "position Nuix through education and marketing as a "must have" technology integral to enterprise data architecture". If ASIC and the ATO are no longer customers, why would corporates use them (or at least as much of Nuix)?

Expand

Mind listening to the different voices?

https://**.st/stocks/au/software/asx-nxl/nuix-shares/news/companies-like-nuix-asxnxl-are-in-a-position-to-invest-in-gr/amp

NXL Price at posting: $1.09 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

AII

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

First 28 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $2.17		Change 0.010(0.46%)		Mkt cap ! $717.6M

Open	High	Low	Value	Volume
$2.17	$2.20	$2.13	$1.284M	594.9K

Buyers (Bids)

No.	Vol.	Price($)
1	300	$2.14

Sellers (Offers)

Price($)	Vol.	No.
$2.18	5196	1

View Market Depth

No.	Vol.	Price($)
3	23448	2.120
1	2500	2.110
4	10452	2.100
1	3000	2.090
1	96	2.070

Price($)	Vol.	No.
2.200	18023	5
2.220	1000	1
2.230	4000	1
2.240	7082	2
2.250	3222	2

Last trade - 16.17pm 27/06/2025 (20 minute delay)

NXL (ASX) Chart

Ann: 1H23 Results Update, page-28

Australia’s gas crisis is here – and dying coal plants aren’t helping

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Monash IVF shares cater 25% – Disaster or deep-value play?

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: 1H23 Results Update, page-28

Top Stories

Australia’s gas crisis is here – and dying coal plants aren’t helping

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Monash IVF shares cater 25% – Disaster or deep-value play?

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News