Investigative analytics and intelligence software firm Nuix (ASX:NXL) surged by about 13% yesterday, and we couldn’t work out why at the time. It’s up a further 15% or so today, and the news is this:Investors are apparently “piling” into the techie, according to The Australian, after it released a preliminary results update a week ago.
Maybe it was flying under the radar, maybe investors were just slow to make a move on it while scouring Canadian-narrative lithium stonks instead.In any case, Nuix is well in the black, with underlying earnings jumping 51-61 per cent to $44m-$47m, compared to FY22.
(A footnote to this, however, according to the same report: “On July 23, The Australian revealed Nuix did not disclose that financial regulator ASIC was probing share purchases by its chief executive Jonathan Rubinsztein for almost eight months.)
edit: not sure if allowed, reading rules soz
Last edited by skwat:
not sure if allowed, reading rules soz27/07/23
NXL Price at posting:
$1.48 Sentiment: Buy Disclosure: Held
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