Tim23,
Sorry for delay in replying - I've been away for the weekend.
I think you missed my point - it's this: If a Co. is worth 10c or $10 per share in real terms, the value is relatviely meaningless to a shareholder unless the Co. issues dividends or other tangible forms of return to the shareholder. The only other real way is if the true value is reflected in the SP - and for NZO this is not the case.