Here is a bit of info re BBY stockbroking for what it is worth. Been a bit of water under the bridge since this article ,but food for thought.
Nexus Energy, the next takeover target
BBY | BBY | 24 August 2011 | 0 Comments
Shell's proposed joint cash offer for Bow Energy (A$1.435, -0.3%) at A$1.48ps, is at 67% premium to BOW's previous closing price (A$0.885ps), we feel a similar situation could potentially occur for Nexus Energy (A$0.205, +13.9%).
Santos (A$11.32, -3.7%) recently offered a A$0.90ps (to mop up the remainder of Eastern Star Gas (A$0.76, -2.6%) it did not own) which was at 51% premium to ESG's close of A$0.595ps on 15 July 2011.
While far from certain, a potential opportunistic bid for NXS based on a similar "premium" would imply a NXS share price of about A$0.30ps - i.e. cheap. We doubt whether investors would cave in on this hypothetical scenario given we think NXS is worth more than this. Our valuation is A$0.74ps with a Strong BUY recommendation.
- Forums
- ASX - By Stock
- NXS
- ripe!!
ripe!!, page-5
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NXS (ASX) to my watchlist
|
|||||
Last
29.0¢ |
Change
-0.010(3.33%) |
Mkt cap ! $81.67M |
Open | High | Low | Value | Volume |
30.0¢ | 30.0¢ | 28.0¢ | $20.33K | 70.82K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 32300 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 9493 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 32300 | 0.280 |
2 | 5500 | 0.275 |
1 | 25000 | 0.260 |
1 | 19549 | 0.255 |
1 | 2500 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 9493 | 1 |
0.295 | 6274 | 3 |
0.300 | 32437 | 1 |
0.305 | 37749 | 2 |
0.310 | 15000 | 1 |
Last trade - 11.31am 25/07/2024 (20 minute delay) ? |
Featured News
NXS (ASX) Chart |