Here is a bit of info re BBY stockbroking for what it is worth. Been a bit of water under the bridge since this article ,but food for thought.
Nexus Energy, the next takeover target
BBY | BBY | 24 August 2011 | 0 Comments
Shell's proposed joint cash offer for Bow Energy (A$1.435, -0.3%) at A$1.48ps, is at 67% premium to BOW's previous closing price (A$0.885ps), we feel a similar situation could potentially occur for Nexus Energy (A$0.205, +13.9%).
Santos (A$11.32, -3.7%) recently offered a A$0.90ps (to mop up the remainder of Eastern Star Gas (A$0.76, -2.6%) it did not own) which was at 51% premium to ESG's close of A$0.595ps on 15 July 2011.
While far from certain, a potential opportunistic bid for NXS based on a similar "premium" would imply a NXS share price of about A$0.30ps - i.e. cheap. We doubt whether investors would cave in on this hypothetical scenario given we think NXS is worth more than this. Our valuation is A$0.74ps with a Strong BUY recommendation.
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Last
19.5¢ |
Change
-0.015(7.14%) |
Mkt cap ! $56.88M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 19.5¢ | $69.72K | 342.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 53999 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 59936 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 53999 | 0.195 |
1 | 36000 | 0.185 |
2 | 42500 | 0.170 |
1 | 6451 | 0.155 |
2 | 20001 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 59936 | 3 |
0.220 | 51446 | 2 |
0.225 | 63009 | 1 |
0.230 | 4347 | 1 |
0.235 | 7217 | 1 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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