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.
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Here is a bit of info re BBY stockbroking for what it is worth....
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Last
24.5¢ |
Change
-0.015(5.77%) |
Mkt cap ! $71.46M |
Open | High | Low | Value | Volume |
25.0¢ | 26.0¢ | 24.5¢ | $30.25K | 119.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 75861 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 43775 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 75861 | 0.245 |
3 | 87613 | 0.240 |
2 | 7939 | 0.230 |
1 | 20000 | 0.210 |
6 | 217255 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 43775 | 2 |
0.265 | 11320 | 1 |
0.270 | 67785 | 2 |
0.275 | 12350 | 1 |
0.280 | 43571 | 2 |
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