Denny, I hypothesize that the NXS shareprice will not drop as much as some people assume and will more than likely rise, post rights .
Would shareholders accept $1 ps now in a takeover but only 70 cents ps after to reflect the increased market cap/increased scrip . Nope, imo .
The shareprice has hardly budged in months, and I don't think it will drop substantially later . I won't accept a lower premium on my stock just because the rights will increase the market cap (if the shares hold their current range) .
Based on trying to convince holders that an on market takeover offer (based on shareprice premium) is attractive, an offer before rights/placement will have more chance of success and probably be cheaper to any predator .
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Last
20.0¢ |
Change
-0.010(4.76%) |
Mkt cap ! $58.43M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.5¢ | $13.88K | 69.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8044 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8044 | 0.195 |
2 | 17957 | 0.190 |
5 | 76783 | 0.185 |
6 | 118894 | 0.180 |
2 | 23800 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 5000 | 1 |
0.230 | 1298 | 1 |
0.240 | 41438 | 1 |
0.245 | 400 | 1 |
0.250 | 28990 | 2 |
Last trade - 14.20pm 08/10/2024 (20 minute delay) ? |
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NXS (ASX) Chart |