Hi All
Company reported today -
Quote :: "The Longtom gas project is located in VIC/L29 in the Gippsland Basin offshore Victoria, and is
expected to produce for over ten years. Nexus has a gas sales agreement with Santos for the
purchase of up to 350 PJ over the life of the field. The company forecasts that the Longtom
project will generate pre-tax cash flow of around A$70 million per annum based on 25 PJ per
annum of gas sales" Unquote
Can I expect future dividend payments ?
I hope so - based on Pre-tax Profit of $70m (NPAT may be lower, says $30m = equates to 3.5c earnings per shares = based on this I am sure NXS can effort to pay 1.5c as dividend, giving a yield rate of 4%
If didividend is paid, Instos will definitely buy heavily into this stock which has a huge potential for further earnings once CRUX is developed in the future
A bit of profit taking at the moment - I think NXS will re-bound in the afternoon on closing
Good Luck to all Holders
DYOR - IMO
AoA
What say you ?
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Last
21.0¢ |
Change
0.010(5.00%) |
Mkt cap ! $61.35M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 21.0¢ | $1.035K | 4.928K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 22957 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 22957 | 0.190 |
5 | 76783 | 0.185 |
6 | 118894 | 0.180 |
2 | 23800 | 0.175 |
1 | 17500 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 5000 | 1 |
0.230 | 1298 | 1 |
0.245 | 400 | 1 |
0.250 | 28990 | 2 |
0.265 | 20000 | 1 |
Last trade - 10.07am 07/10/2024 (20 minute delay) ? |
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NXS (ASX) Chart |