Also worth noting that there will be 958m shares on issue, so a $1 share price implies a market cap of $958m. The value of cash, LT, less debt less a reasonable expectation of the SEDCO settlement is about $100m, so there needs to be $858m of value in Crux, ES and other fields. This is a pretty chunky number. The Mitsui deal put a value of $1.1b on Crux, but that was a bull market deal - will be hard to repeat soon, particularly given NXS will be seen as a distressed seller. ES - who knows.
So a $1 is possible, but some good deals needed. My concern, as always, is with management.
new day - new outlook..., page-33
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Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $68.54M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.5¢ | 21.5¢ | $46.14K | 206.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 130676 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 19533 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NXS (ASX) Chart |