big volume today...
Printable View
big volume today...
Agree world events have pushed the SP down but regardless of that with the NZO cash pile it was never necessary to go that low.At $1-40 i spoke against a BB but at these very low levels that is no longer the case.My poll certainly showed that the majority was in favor of using some of their money to support the price somewhere i estimate in the 1-25 to 1-30 level. My conspiracy here is not that the directors drove it down but for some reason did nothing to support it when the price got miles too low. WHY??? Look no further than resolution 7 and 8 for the answer.
Thanks for the many emails i am getting regarding resolutions 5,6,7,and 8 which i will be opposing.Anyone else interested and not attending the AGM in Wellington on the 29th but want their vote counted I will look after their proxy. Send to
Charles Boreham
364 Quine road
RD3
Morrinsville/
My email is cboreham@farmside.co.nz
Cheers Digger
Digger,
If you think anything the directors might have done would have saved the share price from the forces that have been in play recently then you must still believe in the tooth fairy. It would have been been a pointless, frivolous, and negligent exercise. Even the most powerful governments in the world pouring stupendous sums of money into the market haven't been able to do it - so why would NZOG's directors?
In fact NZOG's share price has held up much better than most oilers, so why don't we give them some recognition for that?
You want the directors to be given recognition - what exactly have they done to warrant recognition? NZO is more of a cashbox than most oilers. That alone holds the share price better than the average.
Please explain why improving earnings per share is pointless, frivolous, and negligent.
Hi Digger,
Res 5, Andrew has the sort of experience we need on the Board. Capable guy.
Res 6 These guys get enough. It is like a merry-go-round quoting that they need to keep up with other companies. This is the sort of rort that needs to be stopped. If a Director wants to step down because he/she isnt paid enough then let's negotiate. I am available at the existing levels. lol.
Res 7 I dont mind Directors getting a limited number of partly paid shares. Keeps them interested and in the game. Of course I would love to see them make full purchases in their own right.
Res 8. DS has enough already. About time he started purchasing on his own account. Plenty of other MD's do.
And let's just concentrate on Taranaki.Cheers
IS NZO a long term holder of PRC or are they looking to flick it off in the near future? It would have been nice to flick off the 30% at over $2 early this year.
.
YOU BIG SHAREHOLDERS CAN STAND ASIDE CONTINUING YOUR FIGHTING.
I, a small shareholder is just wish the company to conduct a compulsory share buyback 1 in 20 @$1.75.
It will only cost the company about $33.6M, approx 5% of total shares.
Why I suggest the buyback price @$1.75? Because the company got $1.50 from option NZOOD, minus 5c dividend, and then plus 20% gains from US$ + interest.
.
I personal believe NZO should be taking over or looking at friendly merger options in the ASX jnr's
there's so many undervalued oilers in the Oil&Gas market atm it's just about stupid not to at least be looking closely Thats if NZO wants to grow into a ASX mid-cap if not do nothing stay NZ'ed focused build the cash balance and wait to be taken-over