another good day looks to be the cards for pike and nzo
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another good day looks to be the cards for pike and nzo
i think we have found a pattern when NZO is doing well no sign of McDunk funny that huh perhaps he bought the 150k pacel at the end of yester day and is joining in his eyes anyway "The blue eyed brigade".
Boysy - you are about right with that comment; don;t worry hes like those Jason movies he'll be back when the share price has a southward movement!
Coal deal sinks $18m Greymouth port revamp
http://www.stuff.co.nz/thepress/4290516a6009.html
Quite the opposite Boyse i get accused of nagging get told to go away then told when i do go away that i have some ulteria motive. My thoughts are NZO over the last three years has been a complete waste of time for long term holders. The sp is exactly where it was three years ago. Only people that made money during that period were the traders. If you bought earlier on than that you made a decent profit but then watched it stagnate for three years during a bull market. The buy and holders over the last three years have made a zilch gain. The blue eyed brigade still ramp the share but not with the same fervour. Some actually are starting to see the company in the light of day without the rose tinted glasses. The fundamentals of the company are great, the market perspective of the company is rat poop. Unless the company have a complete change of attitude, the investors will lose out over the next three years with a share price to low for what it is. The company top brass are quite happy swilling at the trough giving the investors nothing in return, unless that changes the parcel will be passed, then when the music stops will found to be empty. If they buy back and cancel shares i would jump in for a quick trade, but other than that its all yours. Macdunk
Boring - heard it all before
It may be boring Tim but Macdunk has hit this one on the head. I sold out of this one May 2006 for a similar price to todays. Management were the reason and today are a major problem. Have not looked back. :)
If the last few events ie TUI upgrade and Tui Production and more historically the PRC float haven't bolstered the SP them im at a loss to identify what could lift it in the future.
I still believe there could be an opportunity here in the future but a this point there is no compelling reason to invest in the hope that one day we might see some appreciation in price.
Bear
Also boring
Bear. Its worth noting that NZO is up 16% for the year. Some might say its boring but if I can generate those numbers consistantly year after year then I am happy to be bored.
Trying to fathom why the market swings the way it does is like trying to understand why a woman has pms. I have given up a long time ago trying to be clever, playing the TA game etc. So for me to pick short term trends correctly is only about 50% of the time. So for me why bother. Another reason is if you take the last 3 years (which most of the doom sayers do) then the only ones who have lost money are the traders.
What will the market do in the next 6 months? since i am more of a fundamentalist i know the down side is small but the upside is significant. Kuoe is very exciting to me. A lot of money is being invested and a worse case scenario is that they will still make money out of it. Best case scenario with exploration potential etc? Then sky is the limit.
Watch this space
I also have the same view. I see the downside risk minimal compare to the potential huge upside. Top brass stayng in NZO is a put off for me, but eventually this pup coulc possibly be a T/O if the sp stays at these levels. This is assuming global oil and coal prices dont crash in the next year or so, I dont see this happening.
Interesting to see AWE, PPP and PRC is up and NZO have not moved much, thus making NZO look cheaper by the day.... LOL