Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Team, Your Nuix report this morning appears to be reasonably positive. 1. My question is when will you pull the trigger to Buy as the price has come down quite substantially? 2. What is your general opinion on shareholder class actions as the one in NXL? Love your reports and podcasts. Cheers Christof
Hi Christof,
Two pronged question, answered accordingly:
In terms of shareholder class actions, they have to be considered on their individual merits and by definition risks to the share price.
We feel that some people at NXL will be found to have acted unethically/misleadingly in its early days but this isn’t a new story, and investors should be evaluating the business as it stands today. Generally, class actions are not big influences on current/future share prices.
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