NXL - Nuix Limited

[bk1]

I must confess i have not heard of either of these two names however, the market has taken to the news.
Nuix now at a 3 month high, there's been consistent buying preceding this announcement, and now the retail investors appear to endorse it.

 

[Miner]

Nuix has had a better week or two, lifting from the $2.50 mark to be around $3.20 today.

Good share and looked back now both NXL and IFM.
IFM shares dived down on 18th Oct hearing the news of CEO's resignation and NXL started creeping up (clearly insider news before becoming public).
NXL was pumped up Motley and hopefully the new CEO Jonathon would be able to turn back the stock.

 

[Dona Ferentes]

I must confess i have not heard of either of these two names however, the market has taken to the news.
Nuix now at a 3 month high, there's been consistent buying preceding this announcement, and now the retail investors appear to endorse it.

and the new guy is not some glamour (OS) hotshot dropped in, but someone doing the hard path of running a listed company.

 

[Dona Ferentes]

Chairman and Group CEO addresses, Trading Update

..... and down 11% to $2.20, about as low as it has got. Won't even click and look.

 

[Miner]

Is NLX going to turn around? But its P/E is terrible

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02461556-2A1343226?access_token=83ff96335c2d45a094df02a206a39ff4

 

[peter2]

NXL popped up in my reversal scan today. Interesting as it's a low sized risk (0.15) for a potential rally back to old high (3.00).

I'm interested as I continually read that the Nuix software does a good job and the present customers stick. The company has to fix management and keep the IT guys that created the tech. I'd offer them heaps of shares to hang around.

Traded NXL before for losses, let's see how this one turns out.

 

[Mr Flibble]

I've put this in the CY2022 Tipping Comp purely as a punt. Might need the full year to turn around, but surely the worst is behind it?

 

[Dona Ferentes]

but surely the worst is behind it?

Nuix shares collapsed to an all-time low on Friday as the intelligence software provider warned legal bills and falling revenue would plague the company during the first half of the year. Down nearly 23%

 

[Dona Ferentes]

Nuix shares collapsed to an all-time low on Friday as the intelligence software provider ....

at last, NXL broke $1.00.. At least for some of today's trades.

It's not getting any easier, is it?

 

[Dona Ferentes]

now 64c; an All time Low reached of 55c soon after trading restarted.

An update with Guidance Estimates announced, with a warning of slowing sales to new customers and mounting legal costs (already reached $14 million for the FY).

Earnings before interest, tax, depreciation and amortisation are set to come in between $10 million and $12 million, compared to $30 million in the prior year.

 

[Dona Ferentes]

hey, is this a recovery stock, or what?!

Now up 15% and closing on $1.00

"In the trading update, Nuix said annualised contract value is set to come in between $168 million and $171 million for the half year ended December 31, a rise of 3.5 per cent to 5.6 per cent on the same period last year"

 

[finicky]

One of @aus_trader's recent outstanding breakouts inclusions.
Nuix (ASX: NXL) +43.65%, successfully defends legal proceedings brought by their former CEO.

Daily

 

[galumay]

Not for me, still losing money, a business thats been around for 25 years nearly, you would think if the software was any good they would be profitable by now. Mind you directors and management seem to pay themselves very well. Imagine if you had bought in 3 years ago at $5+ when they IPO'd! Fair destruction of shareholder value there!

 

[Dona Ferentes]

Nuix (ASX: NXL) +43.65%, successfully defends legal proceedings brought by their former CEO.

And bang goes any recovery. Must be a bit of money at stake (trashed reputations already)

Nuix said it would continue to reject Edward Sheehy’s claims after the former CEO lodged an appeal following the Federal Court’s decision to dismissed his claims last month.

 

[bk1]

NXL showed up this week with volume on a couple of days, still, the weekly shows its basing and its the one i prefer to form my opinions on ...especially with this stock.
Stays under notice in my opinion.

 

[finicky]

NXL @ 1.12
Haven't kept up with Nuix nor read today's news, but another massive move reminiscent of Feb's.
There was a mild short term divergence of momentum leading up to this and some decent daily candles were thrown in the previous 5 trading days. Not that it would have prompted me to buy if I'd seen it. Doesn't give a strong impression of wanting to sustain the move though so I'll pick more retracement of today's gain?

Not Held

Daily

 

[greggles]

I wasn't aware of the controversy surrounding Nuix Limited. In spite of financial services regulation, there is not much to protect the public from the sharks and shonky operators.

 

[Miner]

I wasn't aware of the controversy surrounding Nuix Limited. In spite of financial services regulation, there is not much to protect the public from the sharks and shonky operators.

looks like NXL has shrugged off all allegation as shown on the jump on share prices over last 6 months, after a big slump since 2021.

 

[bk1]

That's 8 weeks in the rudimentary Darvas box.
I was waiting for a meaningful close above 1.55 with healthy volume.

 

[Dona Ferentes]

Chairman Jeffrey Bleich said he was convinced by management that the firm could turn itself around and that is why they did not disclose its poor performance to investors.

- the Dog didn't eat my homework, I'd assigned the Dog to do my homework.