Ann: 1H24 Results Update, page-85

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uranium69

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23/01/24

18:12

Post #: 72028081
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Originally posted by Raeman: ↑

The market seems to be thinking that Nuix will lose the court case, so the selling pressure is too high.

I think it's not only the negative EBIDTA but the addition of ASIC penalties and ASIC's legal fees, should ASIC win, that is spooking the market.

The HY update was good but was expected to be even more spectacular, to be able to absorb all the above mentioned costs easily.

The loss of court case will put a financial crunch on Nuix, and they might need to do a capital raise. On top of that, the looming class action and associated legal costs might tip Nuix into deep red territory financially.

ASIC win will strengthen the class action lawyers' rhetoric.

If Nuix wins the case, ASIC will pay Nuix the legal fees, Nuix will become positive on EBIDTA and FY results will be better than expected.

So Yes, a lot rests on ASIC vs Nuix court outcome.

Nevertheless, the business is growing well, its investing in the future, introducing new products, doing everything right. Cash issues are temporary. The business will prevail. Might take longer than expected to reach the valuation the business deserves, thanks to all the crooks out there to destroy a good Australian homegrown tech unicorn.

Expand

hope no cap raised... already message investors relation about...

if asic and class action is over then nuix can only go up...

i understands why people are selling....

it kinda risky to jump on board....

but again we ar 55c before....

just like appen they got over $200m in revenue but still not profitable...

expenses are too high....

fingers cross......

Last edited by uranium69: 23/01/24

NXL Price at posting: $1.59 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.27		Change 0.010(0.44%)		Mkt cap ! $750.7M

Open	High	Low	Value	Volume
$2.27	$2.30	$2.26	$1.417M	625.1K

Buyers (Bids)

No.	Vol.	Price($)
2	18834	$2.26

Sellers (Offers)

Price($)	Vol.	No.
$2.29	10516	2

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No.	Vol.	Price($)
2	18834	2.260
1	2000	2.250
1	6216	2.240
3	14887	2.230
1	10000	2.210

Price($)	Vol.	No.
2.290	10516	2
2.300	34027	10
2.310	1300	1
2.330	1500	1
2.340	2500	1

Last trade - 16.10pm 17/06/2025 (20 minute delay)

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Ann: 1H24 Results Update, page-85

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