You lot have got my curious though!
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You lot have got my curious 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.
digger - your reasons against a div are as I have seen by McDunk, and expected to see already too (if memory serves). I see that point, but was trying to emphasise that the capitial raising was started when they expected much less in the bank now. Given the huge success to date, and bulging coffers, a not unreasonable prospect is to pass some back.
Tim23 - I disagree, and think there will be something earlier. NZO had said a while ago there was no dividend anticipated, but then TUI exceeded projections early, and so they did one. (not saying they didn't want too, but I think they implied it was a fair way off). If telecom, and the others can pay dividends, with a decreasing share price, and surely decreasing profits, then NZO with stacks of money coming in must surely be able to. The last div was was not a final one from my reading of it - could a special div for the jun 08 year have any tax advantages vs one later this year?
Tomorrow will be a good day, irrespective of news on a dividend. I agree unlikely to hear about one tomorrow, but will be impressive results nonetheless.
Again, the sharechat interview with DS shows him clearly stating it was the final dividend for the financial year, as well as the what tim showed. Been talked over quite a few times...
http://www.sharechat.co.nz/features/...e.php/7573c2ee
The only way I can see a dividend, would be by way of a special dividend. This would be interpreted as a non-reoccuring distribution.
Dividends are funny, as they give a signal of future intentions of a company...companies dont like to have to reduce their dividend as shareholders can get upset and when shareholders get upset, management can come under scrutiny.
A share buyback would probably be best if the shareprice gets below $1.50. The company will know a few people are leveraged, and by an open market share purchase, it would underpin the shareprice stopping margin calls etc.
Will the SP move much on tomorrow's report? May seem a dumb question, but I'm still learning.
For my 2 bob worth.
No special dividend as per diggers comments. ie. too close to option conversion.
nzo intention will be a steady dividend(yearly with revenues from tui and then from kupe to keep coming over the next 20 years. Not sure if they will keep Pike for too long.
nzo showing attitude towards growth through aquisition/'s therefore need to retain substantial cash.
wiping off treasury stock indicates to me they intend to buy back shares aty some stage.
Cash will still be required for future exploration.
not to forget some cash required for some decent sized sausage rolls this year. i dont want dm pulling out his hanky half way though the agm again
I wasnt suggesting it would have anything to do with the options. More of a 'tui is performing great, thanks for holding with us...' again kind of special (interpreted as one-off). But i do think its unlikely, and best to see what they say in annual report.
This WARCHEST (i say in capitals..as its a serious threat to quite a few listed oilers about) is going to make it an exciting few months following NZO...as long as they dont over pay for what they're after.
Again, things could be aligning well for NZO, as oil comes down and sentiment changes (although $100 oil is nothing to be negative about)..
WTI back up to 126.70 (up 4% today), Tapis to follow suit, kiwi getting beaten up at 73.40ish. Quarterly report to show extremely strong cash flows. Should be the first strong up day for the stock in a while , am going to stick my neck out and say 5c plus.
Disc: long NZO