NXS - Nexus Energy

[Knobby22]

Raising to derisk the company announced today.
I am very happy with this CEOs thinking. Confidence is rising.

 

[stokie]

Confidence is definately rising.

Opened quite well today after the trading halt, sellers drying up and buyers queuing up, watching with great interest.

 

[kkyyoo]

any thoughts of the 50% drop in the SP?
Cant believe that Richard Cottee Resigned...

 

[Knobby22]

I sold a lot of them but still have some , damn it.
I wonder what has happened for him to resign so suddenly.

 

[snsdmonkey]

Thoughts on the recent rallies for NXS?

 

[laurie]

Like to think its Oil & Gas related but it seems to be board related due to RC EGM attempt to come back into NXS

 

[Knobby22]

One thing for sure. Its got to be one of the most volatile share prices on the ASX.

Everyone is guessing - Is the cut in deal to take place?
How bad is the court case going to be?
Was the CEO right and the board are idiots or is the board right and the CEO was selling the company short?

I am really lost with this one.

 

[pavilion103]

Nice base on this one. Volume tapering off. Accumulation?

 

[pavilion103]

Low risk entry yesterday at 0.145 with a stop at 0.14.

Only a very small position.

 

[Boggo]

Low risk entry yesterday at 0.145 with a stop at 0.14.

Nice work

A bit of a potential resistance area now but 'in market' depth is looking positive.

(click to expand)

 

[pavilion103]

This is my best one of the last few weeks!


Bought .145 , stop .14
Current .19

9R profit atm Only small position though

 

[wombat40]

The chart looks really good, Thou im in it from my mechanical system. Dont know anything about the company..in it for the long run..current stop at .115

cheer

 

[Boggo]

This is my best one of the last few weeks!


Bought .145 , stop .14
Current .19

9R profit atm Only small position though

Gotta love these patterns pav

The chart looks really good, Thou im in it from my mechanical system. Dont know anything about the company..in it for the long run..current stop at .115

cheer

Don't need to know anything about them wombat, it just clouds the issue and wastes time

 

[Kalenn]

Looks like it's found a bottom again. Credit Suisse subs notice from yesterday seems to indicate that they are accumulating big time. 30 million net buy since 20th of December.

 

[Boggo]

Looks like it's found a bottom again. Credit Suisse subs notice from yesterday seems to indicate that they are accumulating big time. 30 million net buy since 20th of December.

I jumped ship at 16.5, need to see it get back above 17 or 17.5 to get me interested again.

 

[skc]

It's very rare to see a company's shareholder essentially committing corporate suicide, but there you have it with NXS.

Seven's group threw a lifeline out to buy it for 2c and take on all its debt, yet it got voted down by holders. Despite the board repeatedly assure holders that NXS will have to appoint administrators if the scheme is voted down.

May be too many holders are sitting at 90% loss to care about the last 10%... but it's still a perfectly good $26m of equity being thrown out.

A great demonstration of irrational behaviour when you mix money and emotion.

 

[ROE]

It's very rare to see a company's shareholder essentially committing corporate suicide, but there you have it with NXS.

Seven's group threw a lifeline out to buy it for 2c and take on all its debt, yet it got voted down by holders. Despite the board repeatedly assure holders that NXS will have to appoint administrators if the scheme is voted down.

May be too many holders are sitting at 90% loss to care about the last 10%... but it's still a perfectly good $26m of equity being thrown out.

A great demonstration of irrational behaviour when you mix money and emotion.

Seven failed to factor in the irrational of human psychology and behaviour, damn I read it in the book and now I see it happen in real life play out in the corporate world


it goes something like this.
our irrational behaviour dislike low ball offered even though that is the best out come for both parties. when you feel you being ripped off human irrational behaviour prefer they get nothing in order for the other guy not getting a bargain.

An experiment pitch 2 people together with specific instructions and rules

a professor give them $20 and let one guy make an offer to split the money
if both parties agree they walk away with what ever spit they agree to, if one doesn't agree none
of them get the money.

when the professor instruct the person doing the split at 50% 50% they all agree to split the cash
but when it comes to 80% 20% or 90% 10% ... majority of them forgo the cash and complained
it is an unfair split and they feel the other guy is ripping them off but the logical thing is accept whatever it is being offered as something is better than zero

Look like nexus shareholder feel they being played low ball and feel seven is ripping them off
so I am not going to give you control of the company on the cheap I will go down with it hahaha

 

[skyQuake]

when the professor instruct the person doing the split at 50% 50% they all agree to split the cash
but when it comes to 80% 20% or 90% 10% ... majority of them forgo the cash and complained
it is an unfair split and they feel the other guy is ripping them off but the logical thing is accept whatever it is being offered as something is better than zero

Except in this case, the professor has agreed to give any untaken money to the other guy in the end anyway :

 

[VSntchr]

Seven failed to factor in the irrational of human psychology and behaviour, damn I read it in the book and now I see it happen in real life play out in the corporate world

Was this perhaps "Sway - The irresistible pull of irrational behaviour"? You put me onto this a couple of years ago and I thought it was a great read

 

[ROE]

Was this perhaps "Sway - The irresistible pull of irrational behaviour"? You put me onto this a couple of years ago and I thought it was a great read

yeah that may be it ..fascinating stuff human irrational behaviour
most people under estimate human behaviour, but I believe this is Charlie Munger and Warren Buffett
speciality and that how they manage to make deal and pick stuff cheap year in year out.

and I am also a better investor after reading a half a dozen or so on these topic