NXL 4.79% $3.06 nuix limited

Onwards and Upwards NXL

  1. 698 Posts.
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    Finally some positive and welcome news for a company with a history of the negative and the unwelcome.

    Trading below $1 surely factored in at least a 50% chance of Sheehy being successful ( I wasn’t all that optimistic on NXL winning I must admit) so on that basis alone a return to the boards at around $1.20 looks about right.

    Then there’s the ‘feel good’ vibe a win like this creates - does wonders for sentiment so there may be more upside to come.

    Also a little more realistic (now that the ‘Sheehy shackles’ are removed) is the prospect of a buyout or a takeover.

    Nuix is fundamentally well placed in a niche sector pointed towards the future - the execution of the float was just a complete F up and there were lots of other F ups on top of that…..but i think we’ve seen the worst of all that now - and a bottom for the share price.

    Well done to those that bought up the stock at around 60c in Oct/Nov last year - you might just clean up big time.

    As for the nutty professor - well he’s just in shock - sitting there speechless …covered in popcorn.
 
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Last
$3.06
Change
0.140(4.79%)
Mkt cap ! $989.9M
Open High Low Value Volume
$2.88 $3.07 $2.88 $2.242M 746.5K

Buyers (Bids)

No. Vol. Price($)
1 1971 $3.03
 

Sellers (Offers)

Price($) Vol. No.
$3.06 3000 1
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
$3.07
  Change
0.140 ( 5.23 %)
Open High Low Volume
$2.89 $3.07 $2.88 90612
Last updated 15.59pm 14/06/2024 ?
NXL (ASX) Chart
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