CHI - Channel Infrastructure Ltd (NZR)

[Chris]

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

[Steve]

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 ...

Come on Belg, that was over 2 years ago! Remember that people in the NZ market have a VERY short memory span...

[Chris]

8.33 after tax isnt a bad return for this year....

[craic]

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?

[Chris]

the $2 is consistant throughout most of the document.... dunno where the 1.90 came from? DM care to comment?

[craic]

The New Zealand Refining Company Limited Announcement (issued @ 8:32am)
NZR25/02/2005DIVIDEND REL: 0832 HRS The New Zealand Refining Company Limited DIVIDEND: NZR: NZRC confirms dividend is 200cps The Headline of the announcement made on the 24th February 2005 wasincorrect. The dividend amount is 200 cps not the 190 cps stated. The Companyapologises for the confusion caused by this error.End CA:00111947 For:NZR TypeIVIDEND Time:2005-02-25:08:32:41

[scamper]

Is anyone planning to offload some (or already done so)any time soon?
How are the faithful coping?!

[Steve]

Nope! I'm hanging on to mine and are in for the ride...

[JAMP]

I don't know how, but I managed to buy into NZR just prior to the announcement that margins for Mar05/Apr05 remain high. I can't recall having ever purchased a share selling for over $5, so to purchase a share at $33.40 is something of a leap into the unknown for me.

As a newcomer, it will also be interesting to see how the shareprice responds to any weakness in the NZD against the USD. One would think that subsequent exchange rate weakness should support the recent rally. It may even be a driver for pushing the shareprice onto bigger and better things.

I seem to recall the annual meeting fielded calls from the floor for the share to be split to increase liquidity. From memory they made all the right noises, so it will be interesting to see whether they act accordingly. I am not holding my breath on this one...

Regards JAMP
NZX: FTX MCH MVN NZR PPG RBD SAN SKX SPE SPN
NZAX: CVT
Unlisted: BRK

[craic]

notice issued in the past couple of days to the effect that high margins were maintained. Up 275cps friday to friday, not a bad sort of a rise. I also noted that the rise preceded the announcement to some degree. Dividend in September might be another 200 cps?
This company is over 70% owned by the major oil companies so there will be little interest in a share split to attract Joe Bloggs.