I work at a company similar to NXL, their products are too expensive to some users.
Before the IPO, NXL probably gave those users some concession to stay on full package subscription, and once the honeymoon is over (NXL got public listed), price would skyrocket.
I believe this is the reason why some users recently selected a cheaper package.
Therefore the true value of NXL probably is a bit cheaper than its IPO price.
Unless the sales team signs more contract than forecasted, then this stock could stay between $4 to $4.5 for six months.
Ann: FY21 forecasts, page-65
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Last
$3.51 |
Change
-0.040(1.13%) |
Mkt cap ! $1.135B | |||
| Open | High | Low | Value | Volume |
| $3.57 | $3.61 | $3.49 | $2.147M | 606.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 143 | $3.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.52 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| NXL (ASX) Chart |