I like the bit about "financial engineering opportunities". Takeover at $1 funded by net cash & Kupe cashflows? Any takers at a $1?
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Silverlight this Cat is of the same opinion as Balance on NZO that it is a very big dog. You would have to pay me 10cents a share to take them off your hands
Forecast div of 6cps should lift it.
Just a small correction Siliverlight , it is 6 cents a share dividend that can be supported on current projections. Given that that could be the case for 10 or more years into the future considering the revenue income you can see why i hang on to this share. Pike which i am as quilty as any for supporting and believing in is now behind us. With a pure focus on just oil and gas this company will be NZ top dividend payer.
Can anyone name a NZ company that is likely to do better in div payments. Compare this to bank rates and to get 6 cents you would need about double the current SP in the bank to get this 6 cents. Good to also see that enought monies are left to do some drilling. We need a bit of both.
Thanks for that Possum the Cat,but as you understand how the market works ,i will lift your very generious offer to giving them 10 cents a share.So there you havce it a quick kill for Possum The Cat, you get them not for free but free + 10 cents and sell them to Digger for 10 cents. Foolish of me i know but i will take alll you can find.
My point here is into the future. I see TTK did in fact pay 8% on last years accounts.Are they going to this year? Also note that NZO has taken a hugh hit on PIKE last year and now can still come back and pay just under 8% dividend. That must speak volumns for income stream and i doubt that many if any other companies are going to match that sort of turn around.
Youve missed my point mr. Balance. You dont have to like NZO. But a bit of an insight of shares you do like, would show all,that you are a balanced chap after all.