Look at the quarterly activities report for March-this has the dividend announced on 1st page !
http://www.nzog.com/companyreports
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Look at the quarterly activities report for March-this has the dividend announced on 1st page !
http://www.nzog.com/companyreports
good youve answered the troubling thing in my mind
My 2 cents worth on the dividend question is that NZO is finanically very capable of paying a out a similiar sum as last time given the success of TUI but my thinking is that that will not be the case just yet .It sort of does not look too good to be taking money from shareholders and in a too short of space givening some of it back. So i will still plug for the next div to be announce at or just before the AGM.The last time the div hit the rounds i said in OCT. The AGM is less that 3 months away now and by then the full year report will be out usually end of sept approx,hence i pick second div in octomber.
If Fish is correct and i wrong i then i will have to replan my life to spend up sooner than expected.Hard call.
I maintain there will be no dividend until this time next year.
Dividend
The Board of NZOG has resolved to pay a fully imputed dividend for the
2007/08 financial year of 5.0c per ordinary share. This recognises an
outstanding period and provides shareholders with an immediate share of that
success.
The Board has determined a dividend policy that in future a reasonable
proportion of profit will be distributed by way of an annual dividend.
To me that looks like the only dividend, I could be wrong though.
Good point Fish,
I remember suggesting a dividend would help NZO get the options exercised and at the time I think I made the suggestion that all net revenues over $90..could have been $100...should be returned to shareholders by way of dividend.
Not a bad idea and would certainly rocket the shareprice if you knew that all net revenue over $100 was paid out in dividends.
Cant see oil going below $100..the Saudi's are looking forward to resting their oil fields.They are pumping more water into them than the oil they are getting out.And at an increasing level.
Thanks Tim ,
You are probably right -I think most people would interpret it the way you have and certainly the market doesnt seem to have anticipated a dividend tomorrow .
A number of posters seem to think like me-the dividend policy isnt clear and doesnt exclude a special or final dividend being announced tomorrow .