The H1 results have crashed the share price by over 50% mainly due to the realisation by the market that this is a pretty average IT company which doesn't deserve such sky high valuations. The emperor has little to no clothes!
And with the Sheehy case- you never know when it is going to hit. I think a class action involving many people is going to be different from a civil case brought about by a wealthy shareholder.
And when it hits the damages to NXL can be significant.
Where are the Authorities?, page-18
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Last
$2.89 |
Change
-0.070(2.36%) |
Mkt cap ! $934.9M | |||
| Open | High | Low | Value | Volume |
| $2.93 | $2.97 | $2.84 | $1.268M | 438.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 3568 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 5470 | 13 |
View Market Depth
| Last trade - 14.00pm 29/05/2024 (20 minute delay) ? |
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Last
$2.89 |
Change
-0.070 ( 2.24 %) |
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| Open | High | Low | Volume | ||
| $2.94 | $2.96 | $2.84 | 29096 | ||
| Last updated 14.11pm 29/05/2024 ? | |||||
| NXL (ASX) Chart |