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  1. #31
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    I am a little confused, and perhaps someone can help. I see that on the direct borking web site the full year profit for NZR is reported as being 71.225 million. Now this appears to be the last half year result (34.278) plus the last *full* year result (36.947) added together!!!

    Am I right in assuming this, or have I got something wrong. If I am right then this is a little screwed up, is it not?

    (This is no reflection on Direct Broking, as I am aware that most brokers get their financial figures via a service)

  2. #32
    Senior Member
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    May 2000
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    New Zealand.
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    mm, you are correct in your assumption.

    This sort of issue (reported financial data integrety) is being currently being discussed in another thread.
    Death will be reality, Life is just an illusion.

  3. #33
    Advanced Member
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    Aug 2000
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    , , napier. n.z..
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    Yes you appear to be right.The operating surpluses after tax are
    6 months to 30 June 2004 $34.278m
    6months to 31 Dec. 2003 $22.86m
    That amounts to $57.134m for the 12 month period BUT this is the half-year period so the full year result will be to December and that should be a cracker - close to double last years result

  4. #34
    Junior Member
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    May 2000
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    Westland, , New Zealand.
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    One for NZR'ers:

    http://www.aireview.com/index.php?ac...catid=8&id=705
    quote:Over 50% upside seen in NZ Refining Co
    While refining margins have been strengthening for the past few years, the analysts at CSFB have taken a number of factors into consideration and as a result see potential share price upside in excess of 50% to New Zealand Refining Company’s (NZR.NZ) current share price.

    Price elasticity of demand has been low recently, the analysts point out and this has driven changes to their refining margin forecasts with the outlook seen as generally improving.

    CSFB new mid-cycle refining margin forecast for the Asia Pacific region has risen by 40% to US$3.50/bbl, while FY05 forecasts have been increased by 60% to US$4.00/bbl.

    Incorporating the new Singapore refining margins into earnings forecasts sees FY05 profit expectations rising by a whopping 277% and FY06 by 121%.

    The company’s valuation rises 86% to NZ$32.00 and its target by 80% to NZ$34.70, not bad for a stock that closed yesterday at NZ$22.25.

  5. #35
    Junior Member
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    quote:Originally posted by craic

    Yes you appear to be right.The operating surpluses after tax are
    6 months to 30 June 2004 $34.278m
    6months to 31 Dec. 2003 $22.86m
    That amounts to $57.134m for the 12 month period BUT this is the half-year period so the full year result will be to December and that should be a cracker - close to double last years result
    well you can do a simple extrapolation from last year and come up with a year end result of around 89 million

  6. #36
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    Apr 2001
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    Craic i see nzr has gone up 26% in the last week according to NZHearld. Why have u gone quiet on this one? You haven't gone stupid and sold out just as the rise occured.
    I have no investment in NZR but liked your reasoning in the past as to it's value.All in NOG and some Aus oilers,but think that NZR and drilling rigs are also in the right game for the future.
    digger

  7. #37
    Advanced Member
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    Aug 2000
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    , , napier. n.z..
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    Digger, I have gone silent because there is little more to say. Not many of these shares on the market anyway. Thanks to this and one or two others, my portfolio has grown $22,000 in just two months. Not bad for an Old-Age Pensioner. I just need MHI to go through the roof folowed by CEN, PGG and a couple of others and I will be able to get off this monotonous bread and dripping diet at last.

  8. #38
    Member
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    Jun 2004
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    , , New Zealand.
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    Bread & dripping Craic? Nowt wrong with it lad. Luxury I say.
    Stay on it and top up NZR with the dough you save.

  9. #39
    Member
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    Mar 2002
    Location
    dunedin, , New Zealand.
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    o gosh! Up another ~5% to $29.50. If nose-bleeds are contagious, start searching for buckets and mops.
    Thanks to posters for sensible discussions. I'm practically swooning over the thought of bread and dripping upgrades, and could well have sold out in the general excitement of the last few months.
    If they keep the divis respectable though, I'm going to have to keep them forever, having an average entry of 1627.
    Cheers .

  10. #40
    Member Ripping's Avatar
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    Apr 2000
    Location
    , , NZ.
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    49

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    good to see the price moving again here.
    shame i sold mine two weeks ago.
    good that i bought NOG options with the money.
    and that NOGOC has risen 30% in that time.
    would like to dip in again here tho... I like the divi's too

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