One back from your dates is
28.3.02 1250 cps. Lets hope that's the one they beat this time.
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One back from your dates is
28.3.02 1250 cps. Lets hope that's the one they beat this time.
As a NZR holder, I am not too concerned by how much they INCREASE the dividend...:)
Up $1.50 today on highest refining margins ever !
Some rough looks backward:
Announcement 11 Oct that margins for 2 months ending august were $6.55.
Shareprice jumped from ~$22 to ~$27. :)
Announcement 23 Nov that margins for 2 months ending Oct 23 were $5.49.
Shareprice moved from ~$27 to ~$30. :) :)
Announcement 16 Dec; exceptionally high refining margins ... expect a modest increase in div..."
Shareprice move to ~$32. :D
Announcement 16 Feb margins for 2 months ending Dec highest of year at $8.86.
Shareprice moves to $34.50. :D :D
Query 1: I wonder if they knew on 16 Dec that the margins would be as high as $8.86 (very large increase from previous of $5.49).
If not, perhaps we can see much more than "a modest increase" in div?
Query 2: Does today's shareprice movement strike anyone else as pretty quiet for record-breaking news? (Maybe more rise tomorrow?)
Roll on 24 Feb!! [:p] [:X]
Who else remembers when the share price was over $40, back some 10+ years ago?
Is the current situation similar to that time?
well, folks, Scamper's betting that there is less than an hour to dream on...
I'm going for a 200 cps share div.
Any advances on 200?
Let's not get too greedy!;)
Any dividend is going to be ALL good...:)
cant be a board meeting today...no one has come out at lunch time to place their share orders....
I think meetings are usually held on the last Thursday of the month.... could be mistaken...
Often they dont know what the actual margin is until 2 months after the event (pre and post running of feed stocks)... it gets tricky...
Place gets shut down this weekend to do some work... could be expensive during times of high margins...
Yep, you're right. announcement re div due 24 Feb. sorry 'bout the false alarm...
At what time - 4.55pm?