Just top up more
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Just top up more
If they can match or better the 20c per share dividend in September 2016, does that mean a 40 cps fully imputed dividend can be received at $3.45 per share if you buy today. A forward P/E of 8.6 and a yield of 11.6%. Is that the correct math?
So in theory tomorrow should open ex div so less 20 cents? From the information I have on Singapore complex refining margins, they are at around $4USD/bbl for the current week. Remember that NZR were averaging a $4 uplift on those last year before Te Muhi so I still expect the margins to be around CAP. All will be revealed next week though for the jan/feb period so we might see a bit of a boost then. If oil prices continue to rise things look a bit better for NZR with the ability to swap to natural gas at a cheaper rate.
Just as it looked like NZR was recovering for the day another 100k parcel dropped at 346. What is this madness.
Think all eyes are on the next throughput & margin report. Should be out next week.
.......possibly/probably good buying today??