I think there are a few posters who have given analysis that indicates current "fair value" is around 20c
but I don't think the SP will get there (anytime soon).
My current guess is one of two scenarios :
1. Announcement of a formal takeover ( by SGH) pitched at around 12-15c - why so high giive last sale pre suspension at 5.9c ? because there will need to be an independent experts report on "fair and reasonable".
In this case the SP should logically go back to about the takeover price or a bit under.
OR
2. Announcement of a 15% placement (to SGH) and a large (1 for 1 ?)fully undewritten rights issue (underwritten by SGH) at 5-6c.
In this case SP should rise as the cashflow issues of NXS will be largerly adressed and a big "deep pockets" shareholder in place, but probably the SP will stay under 10c as SGH will be firmly in control creating a different form of uncertainty/caution.
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Last
24.0¢ |
Change
0.005(2.13%) |
Mkt cap ! $70.11M |
Open | High | Low | Value | Volume |
23.5¢ | 24.0¢ | 23.3¢ | $3.257K | 13.57K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6601 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 145820 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6601 | 0.240 |
3 | 17501 | 0.230 |
1 | 4545 | 0.220 |
1 | 25000 | 0.215 |
3 | 14448 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 145820 | 2 |
0.295 | 3390 | 1 |
0.310 | 45789 | 1 |
0.330 | 180900 | 3 |
0.350 | 79920 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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NXS (ASX) Chart |