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hey the sp has fallen but look at the aussie shares and everyone who is losing money is looking to blame someone,yes should have sold in july but didnt and hey life goes on...
nzo only needs to get income from kupe and prc to top off the tui income,they are doing this very well to date and its not all bad as the market is saying on nzo,sit tight like i have and your sure to be rewarded,but hang on ive recieved over 20 grand in dividends so far this year
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Thought i would try to guage what NZO holders most wish to do with the company cash pile.
If interested in this survey please select from three options.
1/ Stay inside our comfort zone. Buy only what we fully have experience with in Taranaki or NZ. Just do what we are doing for the next few years.
2/On Buybacks or others that will lift the SP
3/ Just completely leave it to the directors which will include overseas acquistions
Also rate your holding as A,B,or C with A being less than 100000,B less than one million and C greater than one million.
So my vote will be 1 C for Digger
If there is a strong and suprising leaning to one option will make sure it is passed on to directors.
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Digger
1A - Tight control of NZOGs capital is needed.
Cheers
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b and none of the above
buy into some other co which is strong fundamental wise and just as hammered as nzo in sp terms,buy nothing in africa or eastern european nations or highly muslim asian countries
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B
1 is fine with me. The company has a lot of local knowledge, and a couple of very promising permits to explore.
2 is fine, but only if NZO shares are very cheap (< 140c). I can't see this using much of the available funds.
3 only if there was a compelling case, and it did not involve more than a quarter of the total NZO assets being in any one offshore investment.
I must say I am reasonably relaxed about my holding, even in these volatile times. The high cash holdings, and the business acumen of the chairman are major pluses for the company right now. The only weakness I see at present is too little attention to growing the company reputation as a stable and shareholder friendly investment.
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B Most comfortable with 1 or 2. If they make an acqusition in this market I would like it to be cashflow positive from day one.
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(2&3)a - Theres room for both. I still think your misinterpreting what a share bb is about - its not about 'lifting the shareprice' its about maximizing future value through increased EPS.
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Totally for B 2.
About time the independant Directors started thinking of the desires of the shareholders and actually voting against the stranglehold of a certain large holder
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a & 2
If the directors are looking to acquire a stake in a company with excellent prospects, what better than the devil you know - NZO!
To my way of thinking, this would be just as profitable as increasing stake in PPP or buying AWE with the added bonus that no due diligence is neccessary and there are no unknown risks.