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Sideshow Bob
23-08-2024, 01:25 PM
t.....if they pay it straight back out to ECH holders, then that is about 1.5c AUD per ECH share.

Haha no such luck. ;) Announcement just said they were going to receive $3.5m AUD from CUE.

Cash on hand up by $3.5m it is then......
blackcap
23-08-2024, 01:30 PM
Haha no such luck. ;) Announcement just said they were going to receive $3.5m AUD from CUE.

Cash on hand up by $3.5m it is then......

Good.

They should not be paying dividends of any kind to NZ shareholders, unless they can attach imputation credits.
fish
23-08-2024, 02:03 PM
Good.

They should not be paying dividends of any kind to NZ shareholders, unless they can attach imputation credits.
Not only would a share buy-back on market be tax efficient we would likely see to see a big increase in trading .
Toddy
23-08-2024, 02:34 PM
CUE just reported and paying out a 1cps divvy.

https://research.iress.com.au/IDS/old/20240823/02842416.pdf?uid=D6E971A9021CBFFC3CB46912EF86890AE 5670000926AED1A123BE640093D250091850000&ppv=

ECH have an announcement out re the CUE divvy - just can't see it yet.....if they pay it straight back out to ECH holders, then that is about 1.5c AUD per ECH share.

ECH is all about FY25. The money will come rolling in from increase in onshore Australian assets and the generous fixed price gas Contracts from the Government.
The FY24 accounts will include the Kupe duster and the intermittent NGP disruptions which are now history.

Shareholders cannot complain, we are more than earning returns to cover the cost of funding and are getting a free ride on the drilling program.
At some stage we will hit the jackpot if we keep on drilling at the current rate.