The key to NXS getting a good result is competition, which is why I feel the global sale process was good strategy.
Posters suggesting NXS are in a weak position needing money are correct, but competition for the assets means that no single entity can make an extremely lowball take it or leave it offer, because it would be trumped by the other bidders.
The end result should be that the winning bidder picks up assets that would have cost them much more 1 year ago and probably 1 year in the future. NXS will be far better off than if they had left themselves open to a hostile takeover or had continued dealing solely with Shell.
appropriate value? $1-68??, page-44
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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $78.88M | |||
| Open | High | Low | Value | Volume |
| 25.8¢ | 27.5¢ | 25.8¢ | $12.21K | 45.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 143465 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| NXS (ASX) Chart |