W/P
Looks now beyond reasonable doubt who calls the shots in NZO but also no surprise various well payed characters playing along and why not.
May never score another easy & over payed job for that many years, anywhere in the industry or anywhere else.
WHAT A SHAM.
How long till NZO start buying back? Hopefully it gives this disappointing SP a boost. Kinda Strange knowing over the next four years NZO will sink roughly half the current MCap back in.
How long till NZO start buying back? Hopefully it gives this disappointing SP a boost. Kinda Strange knowing over the next four years NZO will sink roughly half the current MCap back in.
I was wondering, why they didn't start the buy back yet, but I suppose the board probably thinks that the share is still ways to dear ... better wait until they can buy themselves much cheaper
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
a 2 or 3 cent divi to "investor" shareholders instead of a buyback to "in and out" traders would send a better message to those looking at this stock.
nzo is still an income earner with at least one quality income stream...... why buy back shares (from non loyal traders) to prop the sp....
but we know what the vote was so its a waiting games to how many share certificates will be bought and burnt...... whoops that was the old days of paper certs.
I think it says that Ralph Noldan (director) sold 3200 ordinary shares from his family trust (down to NIL), 13367 ordinary shares he owned directly (down to NIL) - and he somehow "lost interest" in 100000 partly paid shares (down to 367000).
I guess I am not sure what's the story behind the partly paid shares (might be related to performance bonus or similar?), and the family trust might be directed by somebody else ... but why is he selling his directly owned shares? If the director thinks that NZO shares are at current price too dear - where is the bottom?
Am I missing something?
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
I think it says that Ralph Noldan (director) sold 3200 ordinary shares from his family trust (down to NIL), 13367 ordinary shares he owned directly (down to NIL) - and he somehow "lost interest" in 100000 partly paid shares (down to 367000).
I guess I am not sure what's the story behind the partly paid shares (might be related to performance bonus or similar?), and the family trust might be directed by somebody else ... but why is he selling his directly owned shares? If the director thinks that NZO shares are at current price too dear - where is the bottom?
Am I missing something?
Who really does now know what is going on. The 100 thousand partly paid shares is the easiest to understand as the settlement may be at some lofty height of a dollar or more as in the earlier days that did happen.
For the rest you would have to be a fly on the wall at the family trust meeting to know what did happen and why. Maybe some one just wanted a settlement. It is not a lots of shares so either way it means little.
I assume this is meant to boost the share price... Thoughts?
Nzog ran out of ideas long ago and they now think the best thing to do with their cash reserve is to buy employees shares via the buy back.
While Nzog currently has a good revenue stream via kupe and tui, they aren't replacing their reserves and I don't see they drilling with Kaheru or Barque. The zeta board members don't want them spending cash.
Who knows, maybe infratil has their eyes on nzog as a takeover target?
Originally Posted by ziggy415
Reply With Quote
Bookmarks