Trading halt on PPP at the moment. Does any one know why?
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Trading halt on PPP at the moment. Does any one know why?
Drilling update:
https://www.anzsecurities.co.nz/Dire...spx?id=3607213
!!!!! Whatta ya on about moosie. These guys have got heap of hoot, and with the extra coming in
next year will mean more hoot and probably a (an other) cash distrubition.
3 golden rules in real estate. Location Location Location
In equities.... perception, perception, perception,
BB
AWE is still steady so its not cost over runs--sometimes the market does funny things.
I would agree with BB on this one.
No buy depth for PPP on the NZX anymore not a good look tom
Driven by PPP.asx which had a big sell-off yesterday. I don't expect much buyer interest on the nzx until after the asx opens. Whether we see a bounce-back remains to be seen. Methinks the selling has not yet ended.
Of possible interest to PPP holders. I hold AWE but sold PPP some years ago.
"Excerpts From Today's Broker Call
Wednesday, 7 May 2014
AWE - AWE LIMITED
Macquarie rates AWE as Outperform (1) - The good news is the successful Pateke well will now be tied in to help arrest declines at Tui and help offset the large reserve downgrade AWE reported in 2011, the broker notes. The bad news is the higher than expected cost of completion, which will significantly erode the value of Pateke.
Nevertheless, the broker retains Outperform and a $2.50 target.
Target price is $2.50 Current Price is $1.54 Difference: $0.96 If AWE meets the Macquarie target it will return approximately 62% (excluding dividends, fees and charges).
The company's fiscal year ends in June. Macquarie forecasts a full year FY14 dividend of 0.00 cents and EPS of 8.20 cents .
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.78.
Market Sentiment: 0.8
How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 7.5, implying annual growth of 94.6%.Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.Current consensus price target is $ 1.96, suggesting upside of 27.1%(ex-dividends).Current consensus EPS estimate suggests the PER is 20.6.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources."