Friday July 10, 2020

Desmond cash injection at Datalex prompts more questions

In February Datalex outlined plans to cut costs by as much as $10 million a year

Ian Guider

Markets Editor

15th March, 2019

There’s been a bit of minor relief for shareholders in the under-pressure software company Datalex. After a disastrous two months that has seen a shock profit warning issued, a collapse in its share price and a review into its accounting policies announced, the stock price has begun to recover a bit of ground.

From a low of just 55 cents in early March the share price touched 90 cents yesterday, limiting the loss...

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