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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I am no fan of current management, their weak action, poor...
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Last
23.0¢ |
Change
0.005(2.22%) |
Mkt cap ! $68.54M |
Open | High | Low | Value | Volume |
22.5¢ | 23.5¢ | 22.5¢ | $11.68K | 50.62K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20037 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 3501 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20037 | 0.235 |
1 | 149869 | 0.230 |
1 | 2371 | 0.225 |
1 | 75904 | 0.220 |
1 | 6500 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 3501 | 2 |
0.255 | 5756 | 1 |
0.260 | 16371 | 2 |
0.275 | 12350 | 1 |
0.290 | 8000 | 1 |
Last trade - 13.11pm 12/07/2024 (20 minute delay) ? |
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NXS (ASX) Chart |