CHI - Channel Infrastructure Ltd (NZR)

[warthog]

quote:Originally posted by Halebop

The relevance of share splits completely mystifies me.

At worst you could have an impact if the share price was above a minimum marketable parcel value. Not very many punters after all buy just $300 or $500 worth of shares. The first share purchase I ever made was in Australia, I had to muster A$1,000 as a kid and pay A$50 in brokerage (it made me want to be a broker!). If a young teenager could muster $1,000 over 20 years ago I just don't see how a $50 or even $500 share price makes any difference.

Liquidity and market psychology. Look at GPG - the SP appears stagnant, but things are often not as they appear.

Disc: no NZR - unfortunately

[truedragon]

Are people taking profit now with oil price pulling back? Or is this just a pull back for another bull run? It's amazing looking at NZR graph and the uptrend is indeed very much there, but then I gotta ask what is the PE ratio of this co. Anybody know about the PE now and for 06 and project earning?

I have read everywhere that refinery is actually the bottle nect and NOT the crude supply. The other refinery play I can see in Oz and NZ is CTX (Caltex). Anybody know any other one that has a refinery play?

DISC: NO NZR but is looking to buy into the refinery play.

[craic]

NZR.NZX - The New Zealand Refining Company Limited Ordinary Shares


Total Issue: 240,000,000
Market Capitalisation: $1,488,000,000 (@620)
Full Year Profit: NZD 125,065,000
Forcast Profit: NZD $0
Earnings/Share: 52.11
Price/Earnings Ratio: 11.89791
NTA/Share: 163.14
Dividend/Share: NZD 0.3
Dividend Yield: 4.84%
1-Week Range (Low-High): 587 - 630
4-Week Range: 587 - 6600
26-Week Range: 587 - 6600
52-Week Range: 587 - 6600


Issuer Details
Registered Name: The New Zealand Refining Company Limited
Short Name: NZREFIN
Issuer Code: NZR
End of Financial Year: 12-31
First Listed Date: 01/09/1962
Registered Address: Marsden Point Road
Ruakaka
Whangarei

[truedragon]

P/E of just 11 []
Nice

[lambton]

quote:Originally posted by truedragon

P/E of just 11 []
Nice

And growing its earnings.

[truedragon]

The price is going down to low 5?! What has changed, anybody know anything?

DISC: Hold

[lambton]

quote:Originally posted by truedragon

The price is going down to low 5?! What has changed, anybody know anything?

DISC: Hold

Makes you wonder - perhaps its the fundies getting scared and selling all and sundry.

[truedragon]

I acquire some CTX.AX also, and I has quite a strong 2 days where NZR seem to go the other way and there is liternally no buyer.

Probably just wait and see.

B.R
Mike

[FYA4999]

Must be the sheep mentality. Selling off cos everyone else is. Maybe a hurricane is going to hit the refinery or people will stop using their cars and walk.

[lambton]

quote:Originally posted by FYA4999

Must be the sheep mentality. Selling off cos everyone else is. Maybe a hurricane is going to hit the refinery or people will stop using their cars and walk.

yep its probably a buy but don't have the b#lls to go any deeper at this point until a little bit of buy side comes into play.