NZ Oil & Gas (NZO)

[blackcap]

Thank you Blackcap. I have both CUE and NZO on the Aussi board so as a non resident what is the best way to receive these long awaited divies?

What do you mean by "receive"? The registry should have your bank account details and the company (via the registry) should bank the money into your account. You should also receive a complementary dividend statement from the registry as well showing the Gross amount of the dividend, the imputation credits if any, and the resident witholding tax paid.

[Waiuta]

What do you mean by "receive"? The registry should have your bank account details and the company (via the registry) should bank the money into your account. You should also receive a complementary dividend statement from the registry as well showing the Gross amount of the dividend, the imputation credits if any, and the resident witholding tax paid.

Thanks, yes they have the bank detail and I understand the dividend statement etc, I have never had Aust dividends and was unsure how the cost of their unfranked system worked for non residents.

[blackcap]

Thanks, yes they have the bank detail and I understand the dividend statement etc, I have never had Aust dividends and was unsure how the cost of their unfranked system worked for non residents.

I don't know what you mean by "cost of unfranked system"?

NZO are a NZ company and will pay NZ residents NZ dividends. Maybe in AUD but it is still a dividend. They will have to pay RWT if there are no imputation credits to attach.

[fish]

Can we call this day the unlocking of the 'capital trap'.

I doubt you will get a reply from jbmurc as he sold out of his CUE and tried convincing everyone to do the same with nzo

[Toddy]

He is too busy on Hotchopper Cue chat highlighting all of the risks as the sp heads north.

[fish]

He is too busy on Hotchopper Cue chat highlighting all of the risks as the sp heads north.

lol
My estimation is that we will see the sp over 70 cents in the next 15 months
The directors said at the AGM they had listened to minority shareholders
They have always been true to their word

[Toddy]

Cue up 50 percent to 10 cents for the day.

Impressive and shows you that the shareholders wanted a dividend to give them confidence that the cash was going to be shared around.

[JBmurc]

He is too busy on Hotchopper Cue chat highlighting all of the risks as the sp heads north.

That's utter rubbish .. was a brilliant announcement today complete change of tack from CUE after how many years? of S/Hs wanting action to address the YoY SP stagnation ...
..
And even NZO mgmt couldn't but join the happy change and pass on CUEs funds to all NZO S/Hs...

How could I be Negative on what I seen as the smartest play by mgmt ?? go read the old CUE thread in black n white

[JBmurc]

CUE spent 38 months going sideways .. moving into an energy yield play fixed this FINALLY !!!

Exactly as I hoped and put across to CUE MD Matt Boyd when he asked the question of what I was hoping to see from CUE going forward as a major S/H at the time.... ENERGY YEILD PLAY !!!! FFS!! up 50% today with prob more to come ..

[digger]

Thanks, yes they have the bank detail and I understand the dividend statement etc, I have never had Aust dividends and was unsure how the cost of their unfranked system worked for non residents.

Waiuta,I have had HZN dividends for a number of years. These are paid into my NZ account and no tax is deducted. The tax is a resedent withholding tax only.. So my accountant then sorts it out. My company has tax losses so I paid no tax but I did lose naturally a lot of my carried forward loses. HZN is Horison oil and an purely Aus company