NXS gets $0.40 per share guaranteed.
The underwriters (Southern Cross? from memory) either sell the shares lower offmarket tonight through the bookbuild/ on market and takes a "haircut" or keep them. Market is negative anticipating the negative sentiment to the SPP takeup. I WOULDNT expect Southern Cross to dump the shares so there will be no actual overhang, they have been a long time supporter of NXS and the last time I looked they owned something like 20 to 30m shares in NXS.
Dont know if it was disclosed but the underwriter usually gets a 4 to 8% commission (on the $122m) for taking on the risk so depending on their deal - the net cost to them may be something like $0.30 each - so they are in front.
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $42.36M |
Open | High | Low | Value | Volume |
14.0¢ | 15.0¢ | 14.0¢ | $41.4K | 286.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6800 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 46160 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6800 | 0.135 |
5 | 289210 | 0.130 |
2 | 25976 | 0.125 |
7 | 178336 | 0.120 |
6 | 76655 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 46160 | 3 |
0.155 | 12677 | 2 |
0.160 | 32000 | 1 |
0.170 | 20000 | 1 |
0.175 | 19500 | 1 |
Last trade - 15.44pm 31/10/2024 (20 minute delay) ? |
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NXS (ASX) Chart |