Depth is not looking good at this stage--buy 44 sell 60 by my calculations,even the sell price is below being in the black after the capital raising--(correct me if Im wrong)
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Depth is not looking good at this stage--buy 44 sell 60 by my calculations,even the sell price is below being in the black after the capital raising--(correct me if Im wrong)
My math was wrong, ignore.. I believe you're correct skid
does that mean if i sell my reduced holding today, i still get the capital return?
After going over my calculations again-I have realized that the closing price of 62 meant that if I had hypothetically bought at .65 I would have come out exactly even (less brokers fees)---how about that for an experiment-- My conclusion is that it wouldnt have been worth buying to stag.
Come to think of it, anyone selling there holdings just after the last div. Payment, would have been much better off.
At 75-77 cents
so where to from here???
Fabs
Where to from here indeed. From where I am sitting (for a very long and increasingly painful time), from a return on investment in the company we shareholders "own" , the options are somewhat limited for any significant medium or long term price appreciation. As we all know Tui is on the wane, Indonesia is mired in politics and somewhat subject to the wims and fancies of governments that may not quite have the same objectives as shareholders - geopolitical risk on top of physical ones, Kupe has about a 13 year useful cash flow and investments in PPP and CUE may only be beneficial to a majority combined stakeholder like Zeta . So the options are
1. Reduced back office and PR overheads until the oil dynamic changes - including dare I say it, some fat cat salaries / positions.
2. Farm out (unlikely but still possible albeit at a reduced economic benefit but will reduce per well downside).
3. Farm in any "expertise" instead of in house - we seem to still be functioning without the "exploration manager" since his departure nearly 3 months ago.
4. Time to hire a rig to advance any drilling prospects - the world is awash with idled gear for obvious reasons. Sure drilling rewards may be uneconomic at present but if you have financial resource / cash flow and you will ultimately make the same decision later when the oil price improves , then today is the day to hire in at reduced cost thereby getting more bang for buck.
4. If there are no confident prospects in the "extensive" portfolio, then buy into some, or, walk slowly into the sunset as the future unravels. This company does not have a sustainable future based on immediate past performance.
This thread is probably the most active over the years (1.8m views ?) and from my recollection most comment has been less than congratulatary of performance.
Its time for owners to make their wishes clear to NZO or watch an investment withering - capital and potential dividends. People, stand up and ask the hard questions or I think we won't be having this conversation in 10 or so years time.
-dodgy
Yes Dodgy,
THAT, sums it up about as comprehensively as any.
BTW:
WOULD ALSO NOT TRUST THAT LOT AFTER SPENDING VALUABLE MILLIONS ON THE LIKES OF CUE THE S/PRICE OF WHICH WAS AND HAS STILL BEEN FALLING [ 10%= DOWN SO FAR }
AMIDST ALSO FALLING O/PRICES.
What a brilliant investment strategy.
A good case of putting them on the Social Benefits, would be more economically beneficial all-round.