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.
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $58.43M |
Open | High | Low | Value | Volume |
20.0¢ | 21.5¢ | 20.0¢ | $48.85K | 244.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90000 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 37179 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90000 | 0.195 |
4 | 68656 | 0.185 |
4 | 98894 | 0.180 |
2 | 25714 | 0.175 |
2 | 23382 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 37179 | 2 |
0.220 | 4543 | 1 |
0.225 | 5000 | 1 |
0.240 | 41438 | 1 |
0.245 | 400 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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NXS (ASX) Chart |