http://www.upstreamonline.com/market...id=markets_oil
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Something that does not make much sense to me.
If you look at the total securities on issue from NZOG website (updated each month). It shows that 27 holders have more than 1,000,000 units each totaling 167,303,926 units. When you look at the 20 largest unitholders chart it shows that they hold 130,543,875 units. This means that 7 (27-20) hold 36,760,051 (167,303,926-130,543,875) units giving an average holding of 5,251,436 units. The 20th largest unit
holder only holds 2,690,043 units. The average holding for those remaining 7 would put them at the level of the 9th largest unitholder.
This happens month after month. Does anyone have an explanation.
These numbers are as at 31/3/09.
http://investorcentre.nzog.com/phoen...nershipsummary
http://investorcentre.nzog.com/phoen...rol-securities
The two lists have an important difference.
The Top 20 shareholders list breaks out the underlying owners from NZ Central Security Depository Ltd (NZSCD). 10 of the Top 20 shareholders hold their shares through NZSCD.
The total securities distribution records NZCSD as one shareholder.
I knew there had to be a simple explanation. Thank you Chris.
Tui pumping steadily away-nzo share now over 1 million barrels this year and over 2 months before end financial year -should be above last projected amount -and price improving-17/04/09 US$54.06 NZ$95.16
The profits should really start flowing when kupe starts producing as well - and then hopefully the market will awaken to the hidden value in this share .
""The profits should really start flowing when kupe starts producing as well - and then hopefully the market will awaken to the hidden value in this share . ""
as long as they pay a divi...........
remember TR still wants to go elephant hunting..........
this co has the potential to go billistic, but its directors still treat its shareholders as a free source of capital
still holding and hoping for a real and worthwhile divi stream.