NZO 0.00% 47.5¢ new zealand oil and gas limited

Ann: SSH: NZO: SSH Notice - Zeta Resources Limite, page-3

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 23 Posts.
    re: Ann: SSH: NZO: SSH Notice - Zeta Resource... Hey Madrum, I had a look at Zeta's website and they state:

    "Zeta may acquire majority or minority positions in its target investments. Although Zeta’s initial portfolio will consist of minority positions, Zeta will also consider opportunities which will maximise its ability to contribute as a proactive investor, with a view to actively extracting value for both its own investors and investors in the underlying investee companies. This proactive approach may include taking significant or full ownership positions in companies, bringing about management change and encouraging strategies to maximise shareholder value and return."

    So my reading of this is that at the very least, they will push for a seat on the board. They will then attempt to 'extract value'. Your guess is as good as mine as to how that will play out, especially given the company has a bit of cash saved up. Up the dividend? Special dividend? Share buybacks?


 
watchlist Created with Sketch. Add NZO (NZSX) to my watchlist
(20min delay)
Last
47.5¢
Change
0.000(0.00%)
Mkt cap ! n/a
Open High Low Value Volume
48.0¢ 48.0¢ 47.5¢ $12.64K 26.44K

Buyers (Bids)

No. Vol. Price($)
0 27679 47.5¢
 

Sellers (Offers)

Price($) Vol. No.
48.0¢ 59989 0
Last trade - 12.44pm 28/03/2019 (20 minute delay) ?
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.