Can anyone confirm/deny this or post a link? Can't see any info to this effect anywhere :confused:
Printable View
Trackers
This confirms what you are after
http://www.asx.com.au/asx/research/C...o=&asxCode=nzo
Looks like its going to be a bumpy ride today, so many sellers, dont they realise ex dividend day is friday!!, and a week away from PRC starting production!
NZO down to 141c at the moment which hopefully will be a good lesson to take on board about how useless fundamental anaysis is in a down trending market. Its all market sentiment whats love got to do with it. All companies will crap out in a crashing market the wise investor stands aside waiting to pick up the road kill. Think about how much money over the years you might have made with a simple 10% or 15% running stop loss.
Five years ago the sp was in the 130c range with some great rises and falls in between yet the fall in love with a company brigade blind themselves to the harsh reality of how the market works.
The price of oil will nearly double in 2009 so all is not lost macdunk will be waiting to buy your roadkill about then so hang on in the road is about to get much rougher. Macdunk
macdunk didnt you say the crash would be because of the poo skyrocketing?? i wish it was, but arent the games over now?
Hey remy - last day yesterday or today. So China should start sucking more in any time now.
One thing I am curious about is the effect of Ike on Oil requirements. I think I read that a large percentage of the refineries in the US gulf are out for a while, which means that they aren't taking much oil in I assume. Does that then leave a glut of oil in the market place pushing prices down in the short term?
I said the price of oil will get to $200 after the games when China revs up, and assists America to commit financial suicide in a peacefull take over to number one spot. I also said that the markets would downtrend leading to a crash after the Olympics. So far NITA 100% correct so dont feel to smug the crash is coming.
Being of sound mind i prefer to watch you lot battle the market from the side lines jumping in for the kill to pick up your bits and peaces. Come to the Auckland meeting and buy me a beer for all the money i might have saved you if you were savvy enough to take heed. Macdunk
I wouldnt say i am 100% correct but thanks for your kind words.
Fundamentals have changed a lot over the past few days. specifically POO and credit crunch starting to bite very quickly with more to come. credit crunch is biting and a lot more to come. i agree its a good tiome to sit on the side line.
i have just looked at the balance sheet for ppp and i would say that cash equivilant is about market cap or soon will be oner the next few weeks. a good opportunity for for nzo to buy some of ppp right now