Better volume in last few days better price too, firming oil price at play or change in sentiment?
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Better volume in last few days better price too, firming oil price at play or change in sentiment?
If NZO had circa $115 million cash as noted in Dec 14 update, and gave since returned $63 million as per the capital return, and has an offer on Cue shares to a maximum of $55 million if all are taken up, wont that leave them broke?
They will indeed if you look at only one side of the ledger. If they did get all of CUE shares they would then get the 40 million in cash that CUE holds. I think that is the basis for CUE directors rejecting the offer as the take over largely funds itself. NZO would also get all the research data that CUE holds.
Hi Machine
NZO has a snowballs show in hell obtaining much more than 10% of CUE but with ZETA they may (very, very long shot), be in with a chance. CUES' income is gas skewed so is less oil price sensitive, and in common with NZO, their management doesn't exactly fill me with confidence although CUE has a much smaller boffin footprint/overhead.
-d
NZO Directors selling down some of their holdings while the prices are high or have they a better for the money???
No, their holdings got reduced as part of the capital return, just like everybody else.
Hence the new disclosures with the holdings after the capital return.
Dodgy - they already have 20 pc that's more than 10 pc already!
true but I am sure dodgy means a further 10%
As far a snowballs chance in hell of more than that-I wouldn't agree-odds have to be higher than this of obtaining more than 10%-we don't know what private deals etc have been done-?remainder of todd-if this comes on the maket cue sp may drop