Thank you Digger for another intelligent response to some confused thinking. Like rust, it seems the 'What if...' brigade never sleeps. .
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Thank you Digger for another intelligent response to some confused thinking. Like rust, it seems the 'What if...' brigade never sleeps. .
Agree about the desperate move..especially to cancel the bought back shares...why not just keep them as treasury stock, at least it is classed as an asset and keeps NZO warchest at the optimum level.
Yep they theoretically could gain 25c profit out of their faithful shareholders if they buy up now......but the tide has just changed...I think NZO share price just needed an excuse to change direction and any excuse will do. TA wise the share is a buy... the downtrend rot ended (touch wood..**) on the 2 Sept with the gap up after the engulfing pattern the day before + other indicators...Hmmm....Did TA pick up insider news leak activity before the 6 Sept news release to shareholders or was it just coincidence?.
Also the shareprice gapped up to break the resistance /now support at $1.19 on the same day (2 sept).
If NZO develops an uptrend, NZO management may have to buy quickly and some how try not to artificially push the price up further or it could turn out to be another expensive and unnecessary depletion of its warchest if they are still buying in at say $1.80.
**The last time NZO broke the downtrend line was on 14/15 June ...but sadly it was a bull trap...
Can't see them buying back any if the price rises to a level they are happy with.
Their statement states "the intention to buy-back up to 8,500,000 shares" , so no compulsion to buy any at all.
NZO SP has a fair wind in it's sails now. Share buy-back / up-coming divie / PRC ramping up to full production.
What's with the use of the term "THEY"? As shareholders WE have a share in this company and proportional voting rights to elect OUR representatives to the board. I am realistic, as a tiny shareholder, of my ability to have any say at all but I do find the "them and us'' nature of some posts irrational. We didn't give THEM anything. We invested in a company. If we don't like how OUR representatives on the board govern the company or how OUR managers perform, then we sell our shares or choose not to invest in the first place.
Yes i too have reservations spending 8Mil. to keep the SP at around $ 1,20 i have no fear of a take over, as long the co. is under the stewardship of T.R let the SP rise & fall.
Should the NZO holding in PRC be worth 200-250 mil. or more-- Sell, but first get some lessons and learn what to do with it.
Touch a raw nerve or something
OK - so you INVESTED in YOUR company by handing over $1.50 a share ... presumably for YOUR company to invest in something to create great wealth. Now YOUR elected representatives on the Board agree to invests that money by buying back, maybe not YOUR shares, but YOUR FELLOW SHAREHOLDERS shares.
Still doesn't make too much sense to me
The 'market' will decide whether it makes sense or not but I guess that doesn't mean that the market is rational.
No raw nerve. Never invested at $1.50.
Just being a p***k and making point about "them and us" point of view that I don't agree with as a philosophy (except with GPG!!!!). Not meant as personal attack.
Hello all, when is ex dividend date for nzo? assuming there is div this year. Thanks