Originally Posted by
upside_umop
Wasnt expecting a dividend, but the shareprice has reacted reasonably well.
I think people are getting a little carried away...this dividend appears to be a one-off to me.
The company has signalled clearly that it was for a period of good performance from tui and was a reward to shareholders.
Since tui is expected to have water cut, and the company to have other projects to get off the ground (further developments over next few years to get to 25mmboe reserves....) i would think a final dividend is highly unlikely, as is any other future dividends until kupe is up and running.
Even so, this little reward will help me, as a poor student out nicely :)
I think that the options have a very real chance, on 20 cents out, but momoho will have to strike...so really, for options to be converted, you have to look at the probability of momoho. The valuation by McDougall Stuart on Kupe was reasonably low......
disc: slightly more 16000 NZO... im still a small player :P.....Possibly looking to accumulate more pre momoho.