Are NZO being overly consevative for a reason i mean cashflow of $100m should be achieved before the end of the 3rd quarter do we expect a announcement changing this forcast soon ?
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Are NZO being overly consevative for a reason i mean cashflow of $100m should be achieved before the end of the 3rd quarter do we expect a announcement changing this forcast soon ?
Unfortunately I missed the latest wee surge, bugger.
NZO down 2c today... The crazy thing is, I'm not really altogether surprised. Great announcement, good result for the company... Market reaction? fairly ho-hum (just like every other great announcement over the last 4months or so).
Whilst I like NZO I just can't see myself holding again until market sentiment towards this coy changes... I'd rather expose myself to something like AWE.asx
---You would think even a novice NZ investor would see NZO as a Core holding in a NZX portfilo(what other Investment on the NZX give investors a direct interest to the high Oil price- PPP,NZOO)And best of all there mid-term outlook 2-3yrs future Gross revenue is looking higher than there current MKtcap Little downside IMHO
i can see this thing sliding all the way back down to a dollar again.
Its only worth more if the market thinks so, and it seems... the market doesn't..
Will it ever ?.
MD was right, The upwards movement yesterday gave those the opportunity to sell out on a spike and now there are those that are selling off in the fall... OD's are back down....
future oil revenues are now expected to be $200million dollars higher...
what does mister market not understand about this?
If market wont move on such a monsterous ann like the one yesterday,
then what will it move on?
Can anyone lend me a couple of hundred million bucks so I can buy out this puppy...
:D
.^sc
This maybe is a good opportunity to accummulate stock for those who have a med-long term view and still believe in the story. Those (like McDunk and others) who dont believe in the story/management will have the opportunity to get out. It depends which side of the coin you are on. There is no doubt in my mind this is a cheap stock, but the market is discounting it due to the lack of trust for some people running it.
Shrewdy,
Might mount a takeover.
You interested.? Got a few who are.
Not as hard as you might think.Even though you may not be able to contribute much dosh you could do all the paperwork.
Be a good summer vacation exercise for you and a lot of fun.
Although some on the board need to be cleaned out, NZO holders should fear not. What the stock does short term is irrelevant. Paitience will be rewarded to the that hold. NZO options may be different. But as a holder of options myself i am not prepared to write them off yet.
Let the day traders worry what the stock do from day to day