can't wait to see a P/E ratio in the press.
On todays closing it it could be as low as 1.5/1.
question is will the quarterly qualify for the P/E ratio or do we have to wait for the half yearly.
Go PPP
M
Printable View
can't wait to see a P/E ratio in the press.
On todays closing it it could be as low as 1.5/1.
question is will the quarterly qualify for the P/E ratio or do we have to wait for the half yearly.
Go PPP
M
The quarterly has a section headed "New Ventures". It says "Directors consider the strong performance and robust cash flows derived from Tui places the company in an excellent position for further growth".
This essentially says trust us, we are your directors and we know what we are doing. And they will go on to really look after shareholders. However it could in fact turn out just the way Macdunk has alluded to several times as to what might happen with NZO. The directors will sink all the profits into a series of dry holes!!!!!!!!!!!!! Of course the directors have substantial shareholdings themselves so one hopes they will canvass many options.
The AWE announcement said the Directors are actively looking at a capital management strategy, now the company is almost debt free. This could result presumably in the return of some capital to shareholders tax-free. Hopefully PPP will look at something like this too.
While we have vague statements about looking for further growth, the shareprice will likely go nowhere, continuing to frustrate shareholders.
has anything specific been said about what ppp will do with income recived from TUI ?
Puttiing their money into dry holes? Well (no pun intended) that is the nature of the business. If you dont look you wont know.
Most will know i am not a big fan of TR. So i will always keep in check as to what is really going on. PPP has strong correlations with NZO so as a guess, i suspect they will tender for new blockage within the Taranki Basin for a start. It would be unwise for them to tell specifics as the world changes on a daily basis. So frankly i am a little surprised that you expect PPP to spill all their intentions when their is too many variables in place.
Yes your right about TR and AT having substantial holdings so it would be foolish of them to just throw money away willy nilly. With that in mind they are in a good position to sell out at a good price to any consortium who wants to take over this company.
discl. still hold this stock but sold most of shares at 35 cps last year. Anything 25 and under i would jump into if i had the spare cash
NPV per share is 30cents with a dscount rate of 10%....
Market has ignored two upgrades to reserves...
everything looking fine here...
:cool:
.^sc
They have nearly enough money now to buy 2x NWE :)
tok3n,
maybe yesterday Pan could have bought two Norwesters....
Im not sure that Pan could afford 2 norwesters today...
AED closed up 40%....
:D
.^sc
I still believe if maitland is commercial TAP will takeover or merge with PPP eitherway PPP holders will be 100% better off if maitland comes in.
A merged PPP/TAP would certainly have the(200mill+) cash to explore further into there NZ permits
-Off the TAP website-Tap Oil currently has two main areas of operations, these being Australia and New Zealand. Australian operations cover primarily the North Western Shelf of Australia (NWS) and the Victorian based Gippsland Basin, whilst New Zealand covers both offshore Taranaki and offshore areas on the East coast.