Rev in quarter $81m!
Looking good for $1.60+ today. Strong buy interest on the open.
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Rev in quarter $81m!
Looking good for $1.60+ today. Strong buy interest on the open.
I think a small dividend-maybe 10 cents= 40 million was affordable .
With many of us having taken big overdrafts to convert the options it would be some help to have a dividend to pay some interest
We need a director who is working in the interests of shareholders-preferably one that has a large shareholding
I'd be happy with even a 2 cent dividend. That wouldn't make much of a dent in their funds, they could pay that out of the interest alone they must be earning.
Well I think the Quarterly looks pretty damn good. What we expected.
The $90m for the quarter means that PPP got about $70m, Nearly half there Market Cap
Wasn't expecting a jump like that on what was fairly common knowledge... Good timing with a bounceback in POO and falling NZ dollar I guess!
Was hoping to see something about a dividend, and more info on what they plan to do with all the cash.
Sounds like an investment statement to me (loosely translated to "we have no idea what we're doing with it at this stage"). Not complaining as such, just would have been nice to have had more of an indication of what the plan is, rather than BAUQuote:
"NZOG is on a very sound financial footing and we are focused on maximising
value from our existing assets, as well as identifying attractive new
investments", Chief Executive David Salisbury said.
"This includes looking beyond New Zealand, as the opportunities currently
available here are too few to confidently satisfy our growth targets".
In the interim, the cash funds have been invested in short-term banking
facilities with a number of S&P AA or better rated institutions.
"We are not in the business of financial speculation with shareholder funds,"
David Salisbury said.