Would have been nice if they picked up more "distressed assets" rather than carrying out 'pointless' buybacks...
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You got it in one. Get on with acquisitions before it is too late. Starting to look like supply and demand will balance worldwide by end of this year. Then after that I can see another super cycle in oil. It is still some years or decades before electric vehicles take over in any meanifull way
the problem i see with NZO is they are in big trouble of being taken over. the management is NOT being proactive in the interests of ALL shareholders.
the BOARD which directs NZO is directing to the best interests of its shareholders long term........ long term interests are best favored to its biggest shareholder..... zeta.
and its all legal.
thats the way business works........ who has the deepest pockets and time frame.
we have gone from TR and his ELEPHANT hunting to an outside co doing a slow but steady takeover
it seems that NZO has never been a listed company for general investors ..... but a company to be played with by dominant directors or outsiders with deep pockets.....
at the expense of retail investors,,,,,,,, along with years of "feel good positive news" to draw in capital.
good old gun slinger wild west NZX
all legal and above board.
anyway ........ im still hanging in
Well this is of course a Democratic Forum.
Were TRUTH-TELLERS & TRUTH-DENIERS can freely express opinions.
Well said, neopole, that's pretty much my feelings too. Only a decent Middle East war could get us back to what I paid. Ah well, you have to take risks in the share market and no-one except complete flukers saw this oil price crash coming. (Oh, except the all-knowing Balance of course)
Zeta are pretty much in the driving seat now and when the time is right make a low ball offer on the rest of the shares and pretty much screw the smaller investors. Of course some of the senior management and board members have now woken up to what has happened, but they all seem happy to take their pay for doing not a lot and in a few months time it all might be a distant memory. Zeta will be in complete control and fire most of the rest of the staff and bank a sizeable amount of money and a good ongoing dividend stream from Kupe.
Some serious questions need to be asked by shareholders at the next AGM as to what Zeta's intentions are.