Yes could be anyone themselves included and funds“ safely kept”...

Yes could be anyone themselves included and funds“ safely kept” by the big shots by recommending NXL to the funds customers? Let’s see who’s in who’s out after the change of holding announcement. Sorry the earning was there in the prospectus and in the latest report , every one saw it , every one knew it , the market reacted to it. And you’re implying PE to be around 30-40 to be a fair value for you to consider , then you might as well step outside tech stocks. There are plenty of tech stocks who has no PE no earning at all , running at a constant loss. Look at Nasdaq. Valuation is one thing , risk profile for a distant future and the willingness people are willing to participate is completely another. You can remain level headed across the board and keep your head above the water but never be able to jump out of the water and when the Tsunami comes in earnest , everything will be under water . Australia has fared better than many in the pandemic , if anything the employment and general economic activities will only be on the mend from here on in. Not to mention the current mini commodity boom will further cushion the blow. Inflation yes and stagflation , a big no no. And I wish you all the best to top up at $2-3 and if your portfolio is still intact by then and have the funds and guts to trade against then market sentiment that’s even better.