what to say about the latest sp movement, page-11

Yes. The energy sector has been smashed since 11 January. XJO Index down by 15.5%. NXS has done a bit worse than its peers and clearly the smaller the market cap the greater the fall in price. Stocks selected below were those getting most of the attention on HC.

Yes NXS needs to get its act together but much of the SP impact is broader than NXS. Blaming management entirely for the 30% fall in 3 weeks doesn't see the big picture. When the sector recovers, NXS will partially recover. When NXS gets its act together internally, NXS will fully recover.

Mkt Cap
1-Feb 11-Jan 1-Feb Change
XEJ na 16,753 14,162 -15.5%

BCC 36m 13.5 8.2 -39.3%
CTP 65m 14.5 9.7 -33.1%
NXS 254m 34 23.5 -30.9%
MEO 205m 49.5 37.5 -24.2%
ESG 670m 97.5 75 -23.1%
STO 10958m 1440 1279 -11.2%