Expect some strong buying today and tomorrow before results are out on Wed.
Printable View
Nothing new .... and predicting a record profit (with full knowledge of their refining margin and throughput in 2015) is sort of a "no brainer".
Not sure either, whether all eyes are now on "the dividend". Much more interesting in my view would be an outlook / prediction of how long the golden years will hold on. So far it looks like the refining margin for this year stays healthy (but early days) though not as outstanding as last year, exchange rate stays favourable and oil price stays low (though likely not as low as it currently is). Now this would be good news - who cares about yesterdays profit ...
Still agree with Left Field that we might have this week some buying ... from the people who buy based on information in yesterdays newspaper ...
check out Caltex results, div up 67% lifted pay - out ratio , 270m share buyback, crm was $16.46 average for the yr
......very happy with that. Was expecting 15/16c so a healthy bonus there. So the ICs bring this up to about 22/24c gross........would that be right??
Pretty impressive results. Me happy to hold.
The Directors of the New Zealand Refining Company Limited today announced the Company's financial results for the year to 31 December 2015, details of which are attached. This report, including the results for the previous corresponding year, is consistent with the audited financial statements of the New Zealand Refining Company Limited for the year ended 31 December 2015.
Consolidated Results
1. Results $NZ 000
Revenue from ordinary activities
Current year $446,771
Up 92%
Previous corresponding year $233,019
Profit from ordinary activities after tax attributable to security holder.
Current year $150,771
Up 1417%
Previous corresponding year $9,941
Net profit attributable to security holders.
Current year $150,771
Up 1417%
Previous corresponding year $9,941
2. Final Dividend
Amount per security: NZ 20 cents per share.
Imputed amount per security: NZ 7.8 cents per share (fully imputed)
Record date: 10 March 2016
Dividend Payment Date: 24 March 2016
3. Net Tangible Assets per Security
As at 31 December 2015 $2.53
As at 31 December 2014 $2.08
congrats to management these results and divs above most analysts predictions :t_up: