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NXL - Nuix Limited (1 Viewer)

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AFR article was quite one sided given the lack of detail from the investigations at this stage. Whilst I don't hold, I'm interested enough to keep an eye on the Market Cap as it dips below $1B which may take it below 5x Revenue. Standen & Phillips are some of the sharpest operators in the Millionaires Factory and they remain involved.

I agree that early investors should rightly use the liquidity event of an IPO to realise some of their gains.
 

bk1

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Investor Day presentation has lifted the sp by 10% as i write, the market is obviously happy for now. I didn't see anything in it that was not known previously, i would be interested in the views of anybody that holds NXL...
 
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Don't hold.(yet). This from today's AFR,quoting a former NXL senior executive "Like AMP,it can't innovate and the culture's so bad,it's hard to recruit".
The company's auditors delayed the 2019 full year audit due to squabbles over R&D tax claims of $ 42 Million.
 

Dona Ferentes

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Nuix has downgraded its financial year 2021 revenue targets for the second time in two months, adding fresh pressure to its share price after a sharp drop over the past few weeks.

Nuix anticipates revenue for the year to June 30 of $173 million to $182 million, down from a forecast in April of $180 million to $185 million.

The company said the outlook for earnings before interest and tax would remain the same, but its annualised contract value would also fall, and is forecast to slip to $165 million to $172 million, down from prior guidance of $168 million to $177 million.

.... Carelessness personified?
 
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Volume 20 million. What a day.There will be more days like this ,right up to June 30 , I guess.
Institutional investors are just giving up on this thing ,now.
 

Dona Ferentes

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There will be more days like this ,right up to June 30 , I guess.
Institutional investors are just giving up on this thing ,now.
well guessed.

Nuix chairman Jeffrey Bleich said Nuix is "genuinely disturbed by the allegations" concerning its former chief financial officer, Stephen Doyle, "and will fully assist ASIC in getting to the bottom of that matter" after ASIC commenced an investigation. This investigation also includes Ross and Ronald Doyle.

Nuix has learned of a separate investigation into the affairs of Nuix related to its financial statements and prospectus, with which it plans to fully cooperate, it added.

Run for the hills? Plumbed as low as $2.16 today, some 15% down.

And reputational damage to those involved, including Macquarie? Immeasurable.
 

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