The truth is , I don't actually know Roast but I do know a couple of things about stocks that become multi baggers ( 10's thousand % gains ) and this information can be helpful in "increasing the odds "
Multi baggers are generally newly listed entities that inhabit a very niche industry. In the case of NXL, it is the only stock on our market that has such an overwhelming presence in data scrutiny/investigation. It was strongly supported by MQG in the IPO and was heavily oversubscribed @ $ 5-31 per share. The stock roared to $11-20 before the bad press etc set in and subsequently fell to 47 cents. I missed the bottom but managed to snap up 100K @ 68cents.
With newly listed entities the market struggles to value them, like during the afterpay IPO ( $2 to $170 ). Any hint of a profit in a niche industry can send a stock to unimaginable heights ( Poseidon 1960's went from 20 Cents to $280 during the nickle boom ) . Solution 6 and Davnet went from 17cents to $18 and 6cents to $6 during the tech boom.......both newly listed in niche tech industry.
So , I would not be surprised to see NXL soar to heady heights of > $ 100 if all the stars align ........and that is not " out of the question ".
Either way, todays $6-90 is not attractive to me at all, I do expect to see NXL in the Teens or > $20 in the next year or two.......and you can hold me to that!!!
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Last
$6.15 |
Change
-0.350(5.38%) |
Mkt cap ! $2.021B |
Open | High | Low | Value | Volume |
$6.37 | $6.37 | $6.11 | $17.10M | 2.755M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 19149 | $6.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.17 | 8632 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 19149 | 6.140 |
2 | 1347 | 6.130 |
1 | 6729 | 6.120 |
1 | 5000 | 6.110 |
7 | 38299 | 6.100 |
Price($) | Vol. | No. |
---|---|---|
6.170 | 8632 | 1 |
6.240 | 10131 | 3 |
6.250 | 20000 | 1 |
6.270 | 13122 | 1 |
6.290 | 20065 | 2 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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Will Souter, CFO
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