Originally Posted by
dodgy
Good morning BM
A fair but unanswerable question regarding purchasing this company. I have been an investor since the very early 80's over a wide range of assets and are daily trading in the NZX . I am invested in many (including NZO) shares , and can only say that although Birmanboy offers sound advice I differ in so far as you can research , chart, predict and analyse until you are blue in the face, but at the end of the day all investing (houses, shares, rare coins, to the future price of Mogolian Yak poo etc.) is nothing short of a guess, despite what the army of consultants may say, or in fact a monkey or turtle predict. In the case of NZO, it suffers from hugely variable management ability (in my opinion currently on a downward trend), an over weighted in house overhead, oil prices, exchange rates, geologic decision making , public opinion (think green) etc.etc.
I can't even subscribe to the "spread your investment risk" mantra ,continually regurgitated by the investment advice industry, as over many informed and carefully considered years , I have not been able to find a guaranteed methodology . But at this point in time it may be better to spread your investment dollar over a very very wide range of investments - particularly in view of an increasingly volatile financial and geopolitical world.
At the end of the day its all a crap shoot. You pay your money and take your chances. Human nature displays that as with most things, everyone is keen to share their successes and generally hide their loses.
There is no advice worth taking , only your own ability and self faith to "have a go" , if you consider the risk/reward acceptable, so that you don't over fret or damage your health and general well being.
There is no guaranteed answer.
If you read my posts on NZO, NZR etc I do predict future events, probably as we all do, with no more success than the weather man or any one else. My opinion - most NZ listed company management, and certainly Directorship, appears driven by human nature and self interest, not with the investing communities best interests at heart. Strange really as we are all investors even down to buying any consumable.
Take care, enjoy or otherwise.