Interesting. BA-Merril Lynch suggets this.
NXS - NEXUS ENERGY LIMITED
BA-Merrill Lynch rates NXS as Neutral, High Risk - The crux of Nexus is Crux. Now that the new board has given the MD the bullet, the broker sees uncertainty over the sell-down of the Crux asset. The board's efforts should now be focussed on the sell-down, and Crux is an attractive asset, the broker suggests, but commercial arrangements complicate the issue "significantly".
To that end, the broker has taken the unusual step of setting a target for Nexus of 38c but also suggesting the Crux bear case would mean 32c and bull case 66c.
Target price is $0.38 Current Price is $0.30 Difference:$0.08 - (brackets indicate current price is over target). If NXS meets the BA-Merrill Lynch target it will return approximately 27% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June. BA-Merrill Lynch forecasts a full year FY10 dividend of 0.00 cents and EPS of -1.10 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is -27.27.
Market Sentiment: 0.3
None of my opinion..
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.97M |
Open | High | Low | Value | Volume |
19.0¢ | 20.0¢ | 19.0¢ | $1.947K | 9.789K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8695 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 45449 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8695 | 0.195 |
1 | 16387 | 0.190 |
4 | 66783 | 0.185 |
4 | 98894 | 0.180 |
2 | 25714 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 45449 | 1 |
0.210 | 1298 | 1 |
0.220 | 4543 | 1 |
0.225 | 5000 | 1 |
0.240 | 41438 | 1 |
Last trade - 11.49am 11/10/2024 (20 minute delay) ? |
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NXS (ASX) Chart |