I am not planning to cast my vote until the AGM.
Please could you check your pm digger
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OMG - NZO is trading over 45c!! :confused:
Although they are down 1.5c on the ASX....:sleep:
Only 6 days to the AGM .
I have tabled my question-windfall profits being made should enable payment of a dividend sooner .
there is a paucity of both buyers and sellers so little trading.
a dividend promise this financial year would stimulate buying interest with real volumes trading and sp climbing
Hope you are going to be a virtual attendee at the AGM tomorrow.
Important questions for shareholders need to be asked-I have never been to any company AGM before and may need moral support.
how I cast my votes very much depends on the answer to my question.
In the last 2 years NZO paid 11million in company tax.
with windfall profits this year we are likely to paying a lot more tax and hence may have a surplus of imputation credits to attach to a dividend.
does anyone know the value of the imputation credit account?
Think your find FCF will be pretty slim .. NZO/CUE aren't as cheap as you think .....Dividend NZO/CUE never will they don't have the FCF.. they really are DOG stocks the more I look at their operations they make enough to fill the pockets of Mgmt/staff but haven't got the projects to really make serious FCF ... certainly not growth stocks
Vs say a HZN at A$208mill cap Vs CUE/NZO together get to A$133mill
Go have a look at HZN Qty report ...
I shifted all my CUE funds into CE1 .... which is much the same cap as NZO ... yes they don't have the cash but they do have the revenue ....and growth plans for 5000boepd to 50,000boepd
REVENUE>
NZO NZD$21 mill SEPT Qty
CE1 A$30mill(NZD$33mill)
HZN $A66mill(NZD$72mill)
And guess which 2 of 3 of these companies pay FAT dividends
Have been looking at HZN for sometime-a friend has already invested but still holds NZo .
Not for me but maybe a good investment for others.
You are wrong about Free cash flow-have you even calculated the amount of netback for pv 12 for next year
Only yesterday I looked at the prices that can be achieved for next year-they are extremely strong until December 2023 and only in 2024 do they drop-but still many times last years prices
the future with NZO is hot
https://www.nzx.com/announcements/401568
Interesting to read about the Dunedin Curtain Bank, the Rainbow Tick and Andrew's venison sausages.....