well they "might" have vietnam 5% of 80 odd million barrels is something. They really need to get some production online shortly and the only way this is going to happen is through asset purchases watch this space.
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well they "might" have vietnam 5% of 80 odd million barrels is something. They really need to get some production online shortly and the only way this is going to happen is through asset purchases watch this space.
some one wants out ouch down to 20 on the nzx liquidity looking very weak only 62,000 on the buy side vs 500,000 on the sell
someones putting in a sneaky bid arnt they will be interesting how this all pans out should be an interesting agm at this rate if there is one
well I am now back onboard as a direct ppp shareholder with 50,000 @ 16.5 and 50,000 @ 17 - av 16.75 - sold 20,000 nzo - i feel for those who bought in over last 12 months, but thats the risk you take. my stockbroker concurs @ 16.75 it must just be above cash and ppp make a profit every day with tui and also with the bank interest.
last year i sold all of my remaining 240,000, including some bought in early 1980,s before cgt - thus profit on the old shares was all tax free.
sellers are taking advantage of the tax losses before june 30, so come july 1st its a whole new ballgame and sp might be back above 20 - plus of course the drill spudding later next week will push sp higher.
M
and what do you think of the chances that PPP will pay a dividend this year - as against the probability that NZO will ??
ppp wont pay a divi the last divi they paid was because they had so much cash coming in perhaps if they made it a shell company and paid out most of there cash in a divi ?
""and what do you think of the chances that PPP will pay a dividend this year - as against the probability that NZO will ?? ""
nzo paid a bonus divi of 5 cents to get the options converted..........
ppp might pay a divi to prop the sp from hostile takeover.
i think nzo might have to pay a bigger divi this year as well to defend a takeover....... what with kupe about to start its 15-20 year income stream.
not to mention pike soooooooonish........
if this annual divi is low, its another 12 months of depressed sp, what with only 1 drill left for this season, and nothing confirmed for the next season.
funny how nzo sat on a pile of cash looking for a cheap entry into another oiler......... now that cash and the depressed sp could fuel their own takeover.
Don't overlook the fact that directors hold controlling interests in PPP against any unwanted, low-ball takeover.
I don't know the numbers now but last time I looked it was somewhere in the 30% range.
I don't hold PPP these days but if I did the last thing I'd be worried about would be a dividend. The attraction of oilys to most investors is the prospect of the big find, not the dividend income - IMO of course.