I am no fan of current management, their weak action, poor communication and lack of proactive marketing of the company ( compare to it RC - big picture and article in the AFR again yesterday on pg 21)
But the fix to NXS is cash/captial - nothing else, and it looks like there is something coming in the next few weeks (- at last !) but no guarantee it will really benefit existent shareholders.
As far as takeover goes if someone wants 100% then they must dislodge ACG and SDB who together have a 10% blocking stake - and I'll bet my bottom dollar ( infact I already have ! yikes !!) that they won't agree to nothing without getting at least 12-15cps out ( for themselves but not necessarily for others) Alternatively if someone is happy to take control and progressively dilute everyone else (which I think is a very logical and possible scenario) they can readily do this at about the 6c level ( and that scenario might involve \a combined asset sale (Crux) and placement/right issue.
...in the meeantime, with much gnashing of teeth, we wait for the "big" announcement .....
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Last
29.0¢ |
Change
0.010(3.57%) |
Mkt cap ! $84.59M |
Open | High | Low | Value | Volume |
28.0¢ | 29.0¢ | 28.0¢ | $5.421K | 19.22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5652 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 39160 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5652 | 0.280 |
1 | 9030 | 0.275 |
1 | 17420 | 0.270 |
2 | 6000 | 0.250 |
1 | 4255 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 39160 | 3 |
0.295 | 15000 | 1 |
0.300 | 1573 | 1 |
0.310 | 7749 | 1 |
0.330 | 900 | 1 |
Last trade - 11.21am 19/07/2024 (20 minute delay) ? |
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NXS (ASX) Chart |