They can but no doubt many do not file a return. And as the deduction is greater than the marginal tax rate many have, they miss out on it.
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They can but no doubt many do not file a return. And as the deduction is greater than the marginal tax rate many have, they miss out on it.
You don't need me to verify your visions, YK - you and your trusty ruler are doing just fine! A single cent rise gives a break of the trendline.
There were clear Buy signals yesterday too. BigBob commented on the "Key Reversal" noting that this was "a very powerful trend reversal signal". The fact that this one was on well above average volume made it even stronger. Fast oscillators such as the RSI(10) shown here also triggered Buy signals yesterday.
http://i602.photobucket.com/albums/t...usPB/NZO92.gif
interesting according to Stockness Monster only 25 sales sofar this morning each nearly averaging $ 40000.00
My portfolio looks very unbalanced due to PRC/NZO.
Yes looks like NZO has been getting the feeling from shartrader. The shares certainly are a good deal at todays prices. Hope the directors have freed themselves from any obligation to buy at prices that previous cash issue were or share in lue. Since that time we had our chance to strike it rich and we now have no more claim on a given fixed price that the lotto loser have the day after. Buy best at market rates.Remember no one has to sell.
Great news - should put a flloor under the SP at $1.20
Agreed. I'd like to think my forthright comments on the matter might have had a very small part to play in this decision. Regardless one way or the other I think the quantum of the buy-back @ just over 2% of share capital spead over just on ten months is really little more than a token gesture. Let me unpack that a bit.
Something is better than nothing, I would conceed that but I would have thought something more meaningful at around 5-10% of share capital would be appropriate in the circumstances.
There could well be close to the 8.5m shares issued as share in lieu of dividend with the forthcoming dividend,, (does anyone know the approximate current participation rate ?), so quite why they would continue to issue shares at a discount to traded ex dividend VWAP and then buy them back later seems somewhat illogical, although I would conceed its gives individual shareholders more choice in that they can choose to participate in either unscaling or down-sizing their investment, through participation in either plan.
May I suggest the directors may want to consider suspending the shares in lieu of dividend scheme at such times in the future when they beleive the market is mis-pricing the company's shares. I know other companies who believe the market is profoundly mis-pricing their shares have chosen to do this from time to time and I would have thought this makes good common-sense, especiually if its done contemporaneously with the buy-back.
recon a 10cent divi would of driven the sp up faster than a $10mill give away.