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
25.5¢ |
Change
-0.010(3.77%) |
Mkt cap ! $74.50M |
Open | High | Low | Value | Volume |
26.0¢ | 26.0¢ | 24.0¢ | $110.4K | 441.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9000 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 30097 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9000 | 0.255 |
1 | 36164 | 0.250 |
1 | 4255 | 0.235 |
3 | 32752 | 0.220 |
1 | 25000 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 30097 | 1 |
0.265 | 50000 | 1 |
0.270 | 70961 | 3 |
0.290 | 606 | 1 |
0.295 | 3390 | 1 |
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