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?
usually around 3ish from distant memory. I am guessing a profit of around 98m (after tax)for the year... that would give a divvy of around $4 (full imputed) but reading between the lines I would think that the directors are going to keep some money for debottle necking as it looks like cogen is not an option at the moment due to not enough gas (waiting for a decent supply)
I think we might see a final one of 2.50 (with a $1 interium) giving a yield of close to 10% after tax.... better than money in the bank at this stage... but similar to an investment in Metropolis (high yeild but may not get your capital back)
JMO of course.
Chris
Come on Belg, that was over 2 years ago! Remember that people in the NZ market have a VERY short memory span...Quote:
quote:Originally posted by belgarion
Anyone remember this thread ... http://www.sharetrader.co.nz/topic.a...76&whichpage=1 ... ;) ... Man I got bashed on it ... :D
8.33 after tax isnt a bad return for this year....
That'll do me.
NZR
24/02/2005
FLLYR
REL: 1342 HRS The New Zealand Refining Company Limited
FLLYR: NZR: NZRC Full Year profit $97.5m Dividend 190cps
FY to 31/12/2004 $97.5m ($36.9m) +200% Div 200cps
LISTED ISSUER: The New Zealand Refining Company Limited
Which is it?
the $2 is consistant throughout most of the document.... dunno where the 1.90 came from? DM care to comment?