Interesting comments, thanks for sharing. Yes, to be fair - there's got to be something in there to like, after all this is still an $812,300,000 company. And there are some clients of great significance who clearly buy into the product. I agree, customer churn up to 30 June was better than I was expecting, based on some of the comments that were coming out of former employees at the business (via the media, so pinches of salt also required when digesting).
I have read quite a few comments on this thread today regarding the downgrades, bad news, escrow shares, ASIC investigation, Sheehy court case, etc all being 'known events' to the market and thus already 'priced in'. I suppose my question then (genuinely) is that if this is the case, why did Nuix sink almost 11% today, and on rather high volume?
(As an aside, I've updated my sentiment to 'none'. Just realised it was still defaulting to 'Sell' which I think I put in when they issued the last downgrade in May).
Cheers m
NXL Price at posting:
$2.56 Sentiment: None Disclosure: Not Held
(20min delay)