In the last 5 weeks the company as achieved the following
- 35 million dollar deal with the federal government
-1.79 million dollar deal with a federal government agency
-1.4 million dollar deal with the Australian Electoral commission
-Released full year results with 61 million revenue and 8 million EBITDA beating expectations. Also forecasted strong revenue growth and triple EBITDA
-Won telecommunications provider of the year AND the homegrown innovators award at the ARN ICT industry award night
Yet the share price is being slammed for reasons unknown to myself.
Oh AND on top of all the above we have the CEO Crag Scroggie buying 100,000 shares last week and Elizabeth Gaines buying 10,000 shares the previous week. Both above the current share price also.
AND shorting numbers are down over 2% in the last few weeks to be around 5.8%.
Is there something I have missed, possibly in the report, that would explain why we hasn't rallied recently? I understand the market has been slammed but results like these should still result in positive share price appreciation.
NXT Price at posting:
$2.26 Sentiment: Buy Disclosure: Held
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