Originally Posted by
shasta
Hoop
Even though i'm looking again at NZO, i'm keeping AWE on close watch.
AWE have plenty of cash & no debt (some $A300m+), but seems a bit distracted with the ARQ merger...
I've always thought since STO was to have there 15% ownership cap lifted, that companies such as AWE (& to some extent NZO), need to grow by acquistion or risk getting swallowed themselves...
For what ever reason (& i'm not sure why) ARQ, NXS & ROC have all had a crack at AZA?
These deals seem to constantly hit a snag, maybe AWE is being careful here?
Would you rather get say a 10 -15c dividend from AWE now (ex Tui cashflows) or see the SP recovery back to a more reasonable P/E ratio?
NZO are doing a good job, & being prudent is this market isn't a silly idea either.