Plenty of loan covenants have market cap clauses. However, I have no idea if NXS's does have such a clause.
Here is a rough estimate of NXS value, based on latest information
31 Dec cash position $45m
31 Dec debt position ($296m)
Longtom $310m
Sub total of above is $59m or 6 cents per share.
Not sure if I would put a value on ES given shell are withdrawing. Any alternative views on this?
As for Crux - $1.3b (Mitsui value) @ 85% = $1,105m or $1.15 per share. Even at 33% of that value gives 38 cents per share. Adding this 38c to the 6 cents above give a base valuation of 44 cents per share.
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- Ann: December 2009 Quarterly Report
Ann: December 2009 Quarterly Report , page-25
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Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $74.38M |
Open | High | Low | Value | Volume |
26.0¢ | 26.5¢ | 25.0¢ | $24.73K | 95.91K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11999 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 9349 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11999 | 0.250 |
1 | 5000 | 0.240 |
1 | 4255 | 0.235 |
1 | 149869 | 0.230 |
2 | 4637 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 9349 | 1 |
0.270 | 20000 | 1 |
0.275 | 132590 | 2 |
0.280 | 2542 | 1 |
0.285 | 7749 | 1 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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NXS (ASX) Chart |