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21-12-2010, 04:54 PM
#10191
Member
Under the bridge
Originally Posted by Unicorn
Hi Fish
Posting here is just feeding the trolls. I tested the water yesterday and found some completely silly statements are being posted.
I have better things to do than to contribute to a forum where people are making nonsensical statements for their own strange purposes.
I'd be interested to hear a valuation. And others opinions on (e.g.) NTA sans pike. Toss this troll a crumb.
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21-12-2010, 05:20 PM
#10192
Originally Posted by Casa del Energia
I'd be interested to hear a valuation. And others opinions on (e.g.) NTA sans pike. Toss this troll a crumb.
Fascinating that those who are perennially following the words and wisdom of the directors and management of NZO and PRC get so defensive when asked to produce the 'goods'. Alas, no more goods to be produced by PRC - not even spin or PR bs anymore.
Market will discount NZO now to buggery - how can you trust management when they have squandered so much of the cash generated from Tui and the options exercise on misadventures like PRC. PPP and dry holes? GFC presented one of the great opportunities to buy oil and gas assets cheap - NZO bought a lemon! Tui is past its peak.
So what will management do next? Maybe invest in Fiji?
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21-12-2010, 10:40 PM
#10193
Member
you really do have to question the judgement of this company's management and directors. They had a big pot of money but blew it and have got very little to show for it.
Expect them to relinquish holdings like Barque which the joint venture applied for a 6 month drilling extension for in July 2010 and Kaupokonui which requires a drilling commitment by Jan 2011.
They really need some good news or their share price is going to fall, potentially dropping out of the NZX 15 and then institutional investors will sell out forcing the price down even further. In all likelihood nzo would blow more money buying back the shares to keep the price up, but that isn't going to save them.
Are they going to fade away or go out in a blaze of glory?
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22-12-2010, 09:29 AM
#10194
Originally Posted by Balance
Fascinating that those who are perennially following the words and wisdom of the directors and management of NZO and PRC get so defensive when asked to produce the 'goods'. Alas, no more goods to be produced by PRC - not even spin or PR bs anymore.
Market will discount NZO now to buggery - how can you trust management when they have squandered so much of the cash generated from Tui and the options exercise on misadventures like PRC. PPP and dry holes? GFC presented one of the great opportunities to buy oil and gas assets cheap - NZO bought a lemon! Tui is past its peak.
So what will management do next? Maybe invest in Fiji?
That's better balance.
I've run my numbers on NZO. Taken the average valuation from Brokers valuations inclusive of pike, see NZO's website, and that works out about $1.60, less 40 cents per share for completly writing off PRC and all loans and gifts to same = $1.20 per share, then I've discounted this by an appropriate multiple (50%), for NZO Directors and managements world class expertise" and fair value with existing directors and management is 60 cents in my opinion. I can't wait to get out. Hoping some new gullible stary eye'd punter will pay me 85 cents today.
P.S. I see they've started the buy-back again, pay me 85 cents and you can have the lot.
Last edited by Beagle; 22-12-2010 at 09:35 AM.
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22-12-2010, 09:48 AM
#10195
If you are that disenchanted then why not sell at market?
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22-12-2010, 09:57 AM
#10196
Originally Posted by 777
If you are that disenchanted then why not sell at market?
Roger is waiting for the diehard NZOers who trust the directors and management (as they have posted so persistently in the past) to show their faith and buy the shares above current prices.
Fair enough.
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22-12-2010, 09:59 AM
#10197
Originally Posted by 777
If you are that disenchanted then why not sell at market?
Prob wants the companies cash .... not just anybodies money
When you think of it that way rathehr odd some who fronted up with $1.50 of real money to put in the NZO coffers now only get 80 cents back if they decide to sell then back to the company
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22-12-2010, 10:50 AM
#10198
Originally Posted by winner69
Prob wants the companies cash .... not just anybodies money
When you think of it that way rathehr odd some who fronted up with $1.50 of real money to put in the NZO coffers now only get 80 cents back if they decide to sell then back to the company
Nothing odd about it, great business plan that's the way the company makes money not a bad scheme really.
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22-12-2010, 11:13 AM
#10199
Originally Posted by Kees
Nothing odd about it, great business plan that's the way the company makes money not a bad scheme really.
I spotted the spelling mistake, you mean "scam"
777 - I'm just trying to mitigate my losses a bit but I'm not confident there's many stary eye'd true believers out there so will probably do what you're suggesting later today.
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22-12-2010, 03:40 PM
#10200
Junior Member
"Be fearful when others are greedy, and be greedy when others are fearful." Any traders know about this. I'm buying NZO as my calculation shows its value should be at least $1.00. Please see followings.
Equity at 30/06/10
Total CB to PRC at 23/11/10
Total Short-term Facility at 26/11/10
Total Cost of Equity to PRC
Equity excluding Loan & Investment in PRC
No. of Fully paid shares issued
Net Assets per share at 30/06/10
Net Assets per share excluding PRC interest
Average PB in the past 9 years
Valuation excluding PRC interest
PRC is claiming $100m insurance
Supporse NZO get 10% debt recovery, then
Then Net Assets per share
Then Valuation
Supporse NZO get 30% debt recovery, then
Then Net Assets per share
Then Valuation
Supporse NZO get 50% debt recovery, then
Then Net Assets per share
Then Valuation
Last edited by jwang; 22-12-2010 at 08:08 PM.
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