NSX 0.00% 2.8¢ nsx limited

Any idea whats going on?, page-4

  1. 305 Posts.
    lightbulb Created with Sketch. 23
    I agree it does feel as if it has been dormant for a very long time, however behind the scenes I think management have been very slowly putting the pieces together to unlock the potential this company could have.
    Each year losses have been narrowing, not inconceivable that NSX could soon be looking at profits.
    In this quarter there is the hook up with IRESS to access global markets and other online brokers.
    The Chinese investors have taken a major chunk, brought in fresh investment capital and lowed the pervious capital risk.
    They paid 25c US which was about 37c AUS at the time
    New infrastructure and the move to new offices in Sydney.
    The new Chinese investor may be able to bring more Asain listings to the NSX.

    There is definitely more to feel positive about.

    Problem for anybody wanting to buy in is liquidity, the top 20 hold about 97%
    The price will spike up if someone wants to accumulate.

    Also spotted the below article which may have stimulated interest.

    OCTOBER 12, 201610:09AM

    The federal government has welcomed guidelines that will allow competition to emerge in equities clearing and settlement.
    The Council of Financial Regulators on Wednesday released policy statements on regulation of Australian cash equities clearing and settlement services, which outline the minimum conditions for equity clearing competition, providing clarity to potential applicants on how licence applications will be assessed. They also cover a range of matters relevant to governance, pricing and access.
    Treasurer Scott Morrison said the reforms were part of the government's competition law reform agenda and demonstrate a commitment to open and competitive markets.
    The government in March had asked the CFR to develop policy to allow it to open up competition in the clearing of cash equities.
    While the Chi-X introduced competition to the Australian Securities Exchange for trading platforms, ASX still holds a monopoly in the clearing of trades.
    The government is also amending ASX ownership restrictions to provide the ASX with more flexibility to raise capital.
    "The government will develop and consult on legislation to provide the relevant regulators with rule-making and arbitration powers, which would underpin both the regulatory expectations and the minimum conditions," Mr Morrison said.
    The ASX responded on Wednesday, saying it welcomed the clarity provided by the guidelines and had taken immediate steps by updating its Code of Practice.
    "The updated code formalises the way in which ASX consults with those who connect to and use our clearing and settlement infrastructure," ASX group executive Amanda Harkness said in a statement.
    "ASX is investing in market infrastructure that meets global industry standards and which will provide opportunities for productivity gains and innovation."
    As part of its updated code, the ASX committed to providing access to clearing and settlement services "on transparent and non-discriminatory terms", and said it will respond to all requests for access in a "fair and timely manner".
    The ASX, which has been under pressure from trading firms to lower costs, in September said it would decide by the end of 2017 whether a new blockchain-style system will replace its current method for clearing and settling stocks.

    GLTA
 
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Last
2.8¢
Change
0.000(0.00%)
Mkt cap ! $9.155M
Open High Low Value Volume
2.8¢ 2.8¢ 2.8¢ $7 261

Buyers (Bids)

No. Vol. Price($)
1 45000 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 7525 1
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