http://www.smh.com.au/environment/en...09-12kx67.html
note the margins have been very good in the 2nd half of last yr
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http://www.smh.com.au/environment/en...09-12kx67.html
note the margins have been very good in the 2nd half of last yr
well supported at current level.., looking good
the encumbered sellers has be cleared.., it is going for a free ride
anyone know when is the next news comming for nzr
Nov/Dec margin and thruput is generally around 2nd week of Feb. In saying that, the Singapore Complex margin is public information that is easily obtainable by doing a bit of google work $6USD/bbl, the average USD/NZD is roughly 79c for the 2 month period so the only missing information is thruput and margin uplift over the period. So if you take the production this time last year (6.4MBbls) and the uplift that they have been achieving you will end up with a figure of roughly 62.4m for the 2 month period. This is assuming that there were no unit shut downs during the month. If you look at their website there is an analyst briefing report with a useful table in it on Pg24. My guess is that the average margin for the 2nd half of the year will be sitting in the $8 range with exchange rate sitting about 80 cents so according to that table, NPAT will be around $4m.
margins were signicantly higher in november/december throughout asia I believe and yes report comes out feb
Thanks!
My eps matrix seems to indicate 33cps NPAT.
Add to that the impact of Te Mahi Hou, and all the improvements that seem to be happening under the new management.
Good recovery story (some, but not all of which has already been accounted for in the share price).
ex rate EPS matrix margin$/bbl 70 75 80 85 4 0 0 0 0 5 10 6.7 4.5 0 6 19 16 13 10 7 28 24 21 17 8 39 38 33 29 9 47 42 37 32
Yeah there is still a while to run for these guys yet. Should be heading towards $3