Hi All
Company reported today -
Quote :: "The Longtom gas project is located in VIC/L29 in the Gippsland Basin offshore Victoria, and is
expected to produce for over ten years. Nexus has a gas sales agreement with Santos for the
purchase of up to 350 PJ over the life of the field. The company forecasts that the Longtom
project will generate pre-tax cash flow of around A$70 million per annum based on 25 PJ per
annum of gas sales" Unquote
Can I expect future dividend payments ?
I hope so - based on Pre-tax Profit of $70m (NPAT may be lower, says $30m = equates to 3.5c earnings per shares = based on this I am sure NXS can effort to pay 1.5c as dividend, giving a yield rate of 4%
If didividend is paid, Instos will definitely buy heavily into this stock which has a huge potential for further earnings once CRUX is developed in the future
A bit of profit taking at the moment - I think NXS will re-bound in the afternoon on closing
Good Luck to all Holders
DYOR - IMO
AoA
What say you ?
possible future dividend payment
Add NXS (ASX) to my watchlist
 (20min delay)
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Last
21.0¢ |
Change
0.015(7.69%) |
Mkt cap ! $61.25M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.0¢ | 20.0¢ | $3.624K | 17.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 80261 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 7325 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| NXS (ASX) Chart |