I could be wrong, but I disagree. Companies in this position don't have the luxury of trying to undersell themselves to then orchestrate a miracle bounce back. The complete loss of market faith means even the slightest mis-step is punished severely. I mean, look at today: a pre-market open poster was suggesting this news was priced in - clearly not. This is a pretty critical time with the old CEO/CFO combo out, and new management freshly in. What this interim report says to me is that this ship could take a long time to turn around, and with interest rates rising and tech being punished, who really wants to hang around and wait for that?
I could be wrong, but I disagree. Companies in this position...
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Last
$4.89 |
Change
0.100(2.09%) |
Mkt cap ! $1.606B | |||
| Open | High | Low | Value | Volume |
| $4.75 | $4.91 | $4.71 | $7.996M | 1.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $4.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.89 | 36237 | 1 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| NXL (ASX) Chart |