What I mean is an official delisting from the NZX and shifting too ASX permanently.
Should be a simple exercise as the ASX side is already set up.
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What I mean is an official delisting from the NZX and shifting too ASX permanently.
Should be a simple exercise as the ASX side is already set up.
Another week has gone by. It's a slow burner waiting for any long term suffering disgruntled shareholders to show their hands and put some decent volumes on the offer.
At what price (ROI) does the definition of 'long term suffering disgruntled shareholders' becomes happy shareholders.
This definition surely belongs to a raft of other NZX stocks that are way more qualified at losing shareholders money with negative outlooks and crap balance sheets.
Toddy it was surprising how much a dividend stimulated activity in a stagnant CUE. All NZO seems to be getting at this point is CUE's payment. I think CUE will now pay a regular div the way I read it, so you might see some interest around actual cash flowing through NZO, but I suspect you need the Triangle drill done before you look at NZO from a cash flow point of view on it's own. I bet long term holders see little point in selling at todays levels.
If CUE sold that would make things interesting.
8% div just on CUE's first payment with the expectation of regular divs from CUE in the future. Add on anything NZO might start to pay and you could be looking well north in the near future.
The neighbour at Perth Basin had positive drill results yesterday.
Adds to the anticipation.
Unrelated but interesting ( I thought)
https://www.edo.org.au/wp-content/up...4-28-Final.pdf
https://ieefa.org/resources/beetaloo...-gas-producers
Some may be interested.
Ex dividend yesterday. Price reacts accordingly.
I did note CUE paid out $14m, and even after this, market cap is $17.5m more than what it was prior.
The power of cashflow.....
Oh how time flys.
In reply to the above post I promised that I would report back in a years time. Well, the year is up.
It's still early days. But I can report that I have easily covered my cost of funding and are looking forward to another year holding NZO.
Dividend of 3.3 cents on average buy in price of 38 cents.
Mtm is 4 cents.
Sure there are better stocks. But I'm happy with how things are tracking and confident about the future.
I'm pretty sure he was trying to buy NZO on the ASX recently Toddy. If we get another two CUE divs over the next 12 months around 1 cent each the return is starting to look pretty good.