O you may be right but it may be also that they've re-evaluated the risk profile of the Co itself.
I'll check with someone I know but it may be indirectly tied into last weeks announcement re equity facility.
IF you assumed last weeks announcement was related to a significantly longer Longtom downtime then you could arrive at a higher risk rating on the stock.
Otherwise C/sec clients have been net sellers for weeks now, to the tune of -20M (NET) over the last 2 months or so.
commsec caps nxs margin exposure, page-3
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Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $43.82M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 14.0¢ | $58.48K | 396.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5028 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 37881 | 1 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| NXS (ASX) Chart |