reality check, page-19

Interesting. BA-Merril Lynch suggets this.

NXS - NEXUS ENERGY LIMITED
BA-Merrill Lynch rates NXS as Neutral, High Risk - The crux of Nexus is Crux. Now that the new board has given the MD the bullet, the broker sees uncertainty over the sell-down of the Crux asset. The board's efforts should now be focussed on the sell-down, and Crux is an attractive asset, the broker suggests, but commercial arrangements complicate the issue "significantly".
To that end, the broker has taken the unusual step of setting a target for Nexus of 38c but also suggesting the Crux bear case would mean 32c and bull case 66c.


Target price is $0.38 Current Price is $0.30 Difference:$0.08 - (brackets indicate current price is over target). If NXS meets the BA-Merrill Lynch target it will return approximately 27% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company's fiscal year ends in June. BA-Merrill Lynch forecasts a full year FY10 dividend of 0.00 cents and EPS of -1.10 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is -27.27.

Market Sentiment: 0.3

None of my opinion..