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.
Plenty of loan covenants have market cap clauses. However, I...
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $68.65M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 22.0¢ | $38.16K | 168.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34297 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 21535 | 1 |
View Market Depth
| Last trade - 15.44pm 14/08/2024 (20 minute delay) ? |
| NXS (ASX) Chart |