TSXV:NYX.DB - Post by User
Comment by
eljoroon Dec 07, 2016 10:01am
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Post# 25565128
RE:RE:RE:RE:RE:William hill buyout?
RE:RE:RE:RE:RE:William hill buyout?I have no sources, no infomation other than what I see and what I have seen before.
A few years ago I owned shares in the wind energy field. It traded one the Venture, just like NYX. The company had some debt but was ramping up production and was cash flow positive from continuing operations, mostly from previously bought wind farms. The share price was knocked down from $4 (at the time analyst target prices were in the $6-$8 range) to below $1 over a year or so. Production and financiing delays, an over-hyped space, an uber-exuberant CEO who ticked off as many people as he inspired.
All the while the share price cratered and theories that the share price was being driven down and that a hostile bid was in the works from a larger utility conglomerate. Despite abject denials from the CEO that company was for sale or would be sold at such a low share price the sale eventually came to pass in the $2.50 range. For those that had got in near the bottom and for the company (Brookfield) that in retrospect likely orchestrated the share price crash they made out well. For those that had bought earlier, held their shares through the long and painfil decline and never averaged down they lost money.
What has been happening with NYX mirrors very closely what I saw with Western Wind Energy. Again, I have no knowledge of any takeover bid, and am only purely speculating but I think the theory that this is being driven down for an eventual lowball hostile takeover offer has some plausibility, simply because I've seen exactly the same pattern before.
Down to $1.03 as I type this...
Best,
El Joro