asx300 is where ppp going
M
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with this afternoons announcement by ppp giving financials as at jan 31 and the reminder of joining asx300 the sp jumped to finish at 32c au.
if there is a tax advantage to - say nzo - by not buying anymore ppp until after 20th then that surely would bethe case - they would not buy tomorrow.
[who knows if they will buy next week???]
but punters buying on nzx come monday will have an advantage by reading this thread andthis can only help the sp more
M
That was 20th March last year not this year not this.
Thanks for the link Sehnsucht888. I have been monitoring the IRD site but missed this one. The whole thing is a shambles from go to whoa.
wonder if the self off on asx today is linked to tax ruling in nzo - sell today and buy after included in the index.
if so the monday could be interesting on asx and wonder if any institutions will bein the mix
M
Digger.. ( or anyone else) sure you would know this question... what do you reckon PPP would have as a cash backing per share..... my back of envelope gives me about/ nearly 37c nz......thoughts ? (added a interest return on money banked of 5% p.a....)
That is very close as i see it. Macduffy gave company release correctly but then missed your question which was what is the cash backing in NZ dollars,his being in AUS. I would put it now roughly[which is near enough] at 35 cents.To get this take Macduffy PPP release and add to it some estimate for income up to today and also add in some small conserative bit that the company would be erring on when handling foreign exchange.Then convert to NZ dollars.
At 35 cents cash backing all the rest of the company is worth 2 or 3 cents according to Mr Market.
Cheers.
Cheers Digger.
Next question.....at current ( albeit slowly declining) flow rates, weighted against current oil price .....have you done the math on the monthly increase in bank funds equated to share cash backing..
ie if we agree a net share cash of say 35c nz at April 1...would we then be able to say
( excepting any problems, oil price shocks etc) that by May 1.. it would be 36c.. or 40c by Oct 1st.. ???..
Croesus.
disc buying PPP
Hi Croesus,
I find it best not to think too much in an exact way but prefer the general trend instead.There are just too many varibles and known and unknown events that get in the road to exactly pin down where the SP will be at any given time. If we start in july 07 PPP had debt and nil cash .Eighteen months later nil debt and our now est of 35 cent backing.That is a gain in a very good oil revenue time of about 2.5 cents a share per month.Remember here PPP had to not only pay back the dept but the interest as well.
Oil is not a sellers market for now so profit will be smaller but still coming in. I would guess we should be looking at 1 cent a month,so roughtly my take is about 40 cents next oct if things trend as they are now for the next 6 months.So agin we see it about the same.
Regards the TUI oil flow dropping i see this as a good outcome given the falling international oil values.In the long run according to Math Simmons you get more out of a field if it is taken out slowly allowing the oil level to recover.Too fast gives water breaks.Now you have probably guessed i believe that the JV'ers are not busting themselves to keep TUI flowing just to supply a currently buyers market.However PPP is not just about TUI as it is now but what it might become.My 2.3 million shares are certainly not for sale.I await the outcome of the end of this years drilling with some excitement.
Cheers again,but if buying DYOR
Appreciate your thoughts.
Regards Croesus