Where are all these disgruntled shareholders
I think the few disgruntled shareholders are all posting on this thread
My guess is that the vast majority of shareholders, including myself, are very happy with NZO's performance over the past 12 months
Printable View
The NZDs sharp correction continues, 70.45ish now, very little support. Good news for NZO, Pike or any exporting stock.
US/NZ 2 year swap spread has declined over 50 points in the last month a trend that is likely to continue and drive the kiwi lower.
Currency movements have really worked out pretty well, I imagine that most of the large ticket items and expense for Kupe have now been paid for and were done when the kiwi was strong (a lot of USD bills needed to be paid in that time), now that the revenues from the 3 projects are coming or about to be coming in we are see a massive reversal, very good timing there! We should see mid 60s before too long, an almost 20% decline.
Excellent.
Earnings performance has been and still is stellar.
Disgruntled shareholders because a reasonable proportion of profits are not being returned to shareholders -$300 million stashed away in various cash investments .
If the shareholders were happy this company would be trading at over $2 a share-and probably would be if a dividend was announced.
Disgruntled shareholders will be a large portion of those selling at under $1.60 this week-and no I dont believe they are posting on this thread-in the main we are very optimistic /realistic for the future of nzo
How below 70 cents.
wow, awesome drop today...NZD that is.
i sold some nzo at 1.60 a couple days back...about 3/8's of my holding. i could see depth falling away. no point taking the impact of these little losses.. i believe we are seeing oil drop a little further. this will be the main sentiment drive for nzo, not so much the nzd. kupe gas is denominated in nzd long term contracts, but liquids are following global. pike seems to have lost its steam for a bit..will dabble for 1.50.
there is not much more in the pipeline that we havent heard of, nothing certain with whats happening with the cash, and until i hear more, i wont be back in for a bit..
if it gets below 1.50..ill be buying more again..i would hope that nzo management will be looking at sharebuybacks <1.50 if they cant find other uses for the monies that will generate the current return that is expected from the projects -> which at the moment roe is looking very high for the foreseeable future...
I certainly hope for one soon, at least it would help shareholder loyalty. GPG must have a big war chest building, and Ron has a long memory. If someone was to offer me $2 at the moment, I'd be out.
My pick is if the S/P drops to $1.48.... it could then rapidly drop to $1.35.... must be lots of holders who borrowed heavily to convert options.....
there must be some stop loss targets getting close if under 1-50 is tested it could all go down hill from there.
Paying a dividend after raising funds, at a discount, is not a negative? Paying out money before the ongoing capital requirements have been determined is not a negative?
NZO has nearly $300M in the bank at a time when the world economy is very volatile. There will be opportunities to use that cash to advantage, but there is also significant opportunity for losses through ill-considered or ill-timed ventures.
It is time to relax and let the enormous Tui profits continue to accumulate, while the Kupe and Pike projects get ever closer to completion. Shareholder value is increasing at a great rate, as it has been for the last year or more.
Flooding the market with NZO shares has been very costly thus far for NZO shareholders. It will take time to recover, but eventually the market will see that assigning nil value to Kupe, and pricing Tui oil at $30 a barrel is not warranted.
I would really be interested in your reasoning. As this world rapidly gets sucks into a black hole vortex it is companys like NZO that are the cream of the crop and stay at the crest and avoid getting sucked down into the mire.
The weak are selling now but the astute are buying. I doubt whether you could find such an outstanding stock as this anywhere in the world.
Liquid cream.
Almost making 0ne $1 MILLION per day. Far out.