I'll be very unsurprised by a total sale of the company. Large oil companies will have to pay a lot more to acquire juniors if the oil price rises back to $US70-80, so they are likely to view the current climate as being ideal for takeovers.
As a recent purchaser of NXS shares at 36c, I would be delighted by that result and it was a factor in my decision to buy, others who have have held from when the SP was higher may have a different view.
There is a low risk of the sale process falling apart, but there is a far higher chance of a partial or total sale of NXS assets. Either of the latter scenarios mean a major jump in SP, so this was one of the easier share purchase decisons to make.
You comment in your Crunch time thread that 'Share price and volumes will be a good indicator to Friday's announcement'
Is that because NXS leaks? Can long term holders comment on that?
If they do leak then last Friday's trading in the final 1/2 hour was very, very encouraging. There was over 2 millions shares purchased and a quick surge from 36.5c to 38c. It looked very much like a few buyers were keen to have a position before the new week.
Who knows, conspiracy theories about insiders in the know are always dodgy, but if there is a history of info getting out of NXS maybe there is something to it.
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Last
13.5¢ |
Change
-0.015(10.0%) |
Mkt cap ! $39.44M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 13.5¢ | $119.9K | 836.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 28579 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 24827 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 45902 | 0.130 |
2 | 26000 | 0.125 |
6 | 174170 | 0.120 |
4 | 55960 | 0.115 |
4 | 98090 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 24827 | 1 |
0.155 | 20235 | 2 |
0.160 | 54816 | 2 |
0.165 | 1500 | 1 |
0.170 | 36539 | 3 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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NXS (ASX) Chart |
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