i sold out last week.., good time to buy now.., i am shopping
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i sold out last week.., good time to buy now.., i am shopping
i was a big decision last week.., need the money to buy til..., which is good.., now time to get back
SP has been up to 362 this month and back to 330 today. It's the only NZ share in my portfolio of 20 companies to have a downer today. What's the problem with NZR?
Don't think there is any specific problem - just look at the SP pattern - you can nearly deduce based on the graph when they release their 2 monthly throughput numbers.
Remember - they talked about a bit quieter 2nd HY, though the numbers so far don't seem to support that. Outlook for 2016 was quite good (and should be with the new plant).
One thing which might be a (slight) dampener is the rising oil price - cuts into the margin, but I don't think that it will hurt as long as oil stays well below the $60 mark - and that's what the Brent futures indicating.
How do they say: don't panic, but as always - DYOR.
Discl: holding;
Even I got bit perplexed by the recent weakness in sp. Only thing that I an think of is stronger NZD in the past week or so, but that shouldn't be of much concern in my opinion, its only a short term spike. Could be market waiting for next catalyst to drive the price further. Happy holder either way.
Some big parcels traded off market in the last hour or so...
it is healthy trend ..just taking some profit., and will up again..,
Singapore complex refining margins have fallen $2 to around $6/barrel in the quarter ending September 30th.
Attachment 7675
According to NZR
"Singapore complex margins for the period [July August 2015] softened compared with the first half of 2015 to an average of USD 2.52 per barrel"
Does anyone know why there is a difference, and what the SCRM as reported by NZR is likely to be in September / October?
nzr refining use platts data for Singapore refining margin + ther grm uplift