There are so many better opportunties around than this mob.
To many heads in the trough.
good luck
Paddie
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It is undervalued, but seemingly for a valid reason at present.
Digger - i agree that NZO's management shouldnt be lining there own pockets with our money, but what listed companies arent?
What the Directors/Management/Senior Staff need to show to the market is that they intend to align there generous options to "challenging, but obtainable targets", & these should be aligned to SP appreciation.
Perhaps something like 50% of the options at a strike price of $X + 25%, (with a year to achieve it) & the other 50% @ $X + 50% (within 2 years)
X = the weighted average SP over a certain timeframe.
that comes from the stigma attached to this company. I mean first of all they have to get the brokers on side the underlying value of this company is plain to see. What isnt so apparent is how management is planning to achieve the true potential of this company.
Being a NZO shareholder must feel like being dressed in your best gear but not being able to get into the hottest party in town. The champagne is flowing, the beautiful people are dancing and partying, price of oil is going up and share prices are going thru' the roof.
But the NZO shareholder stands in the cold outside looking in and wondering why. The answer is simple but they prefer to wait in the cold.
looking for news re installation of the kupe jacket [successful installation that is]
M
Hi Bermuda - thanks for the vote on my scheme. I'm not familiar with setting up shareholder surveys so if you are able to do it that would be grand.
Shasta - I'm not talking about dividends. My point is that if we are to reinvest in growing the company the sacrifice should be spread equally across the board, meaning that revenue goes into exploration rather than the pockets of shareholders or directors. It's inappropriate for directors to ask for fee increases when they're telling us the money is needed for exploration. TRs pay rise last year would have paid for half a days drilling alone (albeit on land). However, I do think there is room for locking in some shareholder benefit while oil remains at a very high price. Such windfall return can be distributed without taking any momentum out of the Co.'s direction because planning was based on oil prices pitched near half their present value.
Emailed AWE today balance - Suggested they buy a company for around 400m (including premium) & they will get approx $130 to $150m revenue THIS YEAR. Asked if they could do it before the money was spent. Thought that if NZO managemment do not understand the need to prevent takeover by having a strong market capitalisation (ie why no buyback) then maybe they should just not be in charge!
Hold NZO NZOOD