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
$7.05 |
Change
0.150(2.17%) |
Mkt cap ! $2.316B |
Open | High | Low | Value | Volume |
$6.86 | $7.15 | $6.82 | $13.67M | 1.941M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 130 | $7.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.08 | 1300 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 130 | 7.040 |
2 | 125 | 7.030 |
1 | 4000 | 7.020 |
7 | 40730 | 7.000 |
2 | 7030 | 6.990 |
Price($) | Vol. | No. |
---|---|---|
7.080 | 1300 | 2 |
7.090 | 6161 | 3 |
7.100 | 19462 | 5 |
7.110 | 7287 | 2 |
7.120 | 800 | 2 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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NXL (ASX) Chart |