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31-07-2008, 09:59 AM
#5561
Member
Rev in quarter $81m!
Looking good for $1.60+ today. Strong buy interest on the open.
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31-07-2008, 10:03 AM
#5562
$280,000,000 in the bank
I think a small dividend-maybe 10 cents= 40 million was affordable .
With many of us having taken big overdrafts to convert the options it would be some help to have a dividend to pay some interest
We need a director who is working in the interests of shareholders-preferably one that has a large shareholding
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31-07-2008, 10:07 AM
#5563
 Originally Posted by fish
I think a small dividend-maybe 10 cents= 40 million was affordable .
With many of us having taken big overdrafts to convert the options it would be some help to have a dividend to pay some interest
We need a director who is working in the interests of shareholders-preferably one that has a large shareholding
Maybe they can now afford to put on more sausage rolls at the agm.
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31-07-2008, 10:15 AM
#5564
Member
I'd be happy with even a 2 cent dividend. That wouldn't make much of a dent in their funds, they could pay that out of the interest alone they must be earning.
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31-07-2008, 10:20 AM
#5565
Well I think the Quarterly looks pretty damn good. What we expected.
The $90m for the quarter means that PPP got about $70m, Nearly half there Market Cap
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31-07-2008, 10:25 AM
#5566
Wasn't expecting a jump like that on what was fairly common knowledge... Good timing with a bounceback in POO and falling NZ dollar I guess!
Was hoping to see something about a dividend, and more info on what they plan to do with all the cash.
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31-07-2008, 10:27 AM
#5567
Member
Originally Posted by trackers
Wasn't expecting a jump like that on what was fairly common knowledge... Good timing with a bounceback in POO and falling NZ dollar I guess!
Was hoping to see something about a dividend, and more info on what they plan to do with all the cash.
It was an quartely activities report so you can't expect div or investment statements.
Last edited by Chalice; 31-07-2008 at 10:29 AM.
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31-07-2008, 10:31 AM
#5568
Originally Posted by trackers
Wasn't expecting a jump like that on what was fairly common knowledge... Good timing with a bounceback in POO and falling NZ dollar I guess!
Was hoping to see something about a dividend, and more info on what they plan to do with all the cash.
Lets hope it holds now
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31-07-2008, 10:33 AM
#5569
Originally Posted by Chalice
It was an quartely activities report so you can't expect div or investment statements.
"NZOG is on a very sound financial footing and we are focused on maximising
value from our existing assets, as well as identifying attractive new
investments", Chief Executive David Salisbury said.
"This includes looking beyond New Zealand, as the opportunities currently
available here are too few to confidently satisfy our growth targets".
In the interim, the cash funds have been invested in short-term banking
facilities with a number of S&P AA or better rated institutions.
"We are not in the business of financial speculation with shareholder funds,"
David Salisbury said.
Sounds like an investment statement to me (loosely translated to "we have no idea what we're doing with it at this stage"). Not complaining as such, just would have been nice to have had more of an indication of what the plan is, rather than BAU
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31-07-2008, 10:40 AM
#5570
Originally Posted by trackers
Wasn't expecting a jump like that on what was fairly common knowledge... Good timing with a bounceback in POO and falling NZ dollar I guess!
Was hoping to see something about a dividend, and more info on what they plan to do with all the cash.
Oil price overnight jumped $4 which help push up NZO sp. 
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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