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interim half yearly figures, page-7

  1. dargie
    4,510 Posts.
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    27/02/08
    21:54
    Post #: 3404376
    They are paying a dividend to attract institutions with mandates only to invest in companies that pay annual dividends. This move to pay a dividend will get them on a lot more radars.

    Also they are saying to the market that not only are we fully funded through to Kupe commencement, but we can afford to pay a dividend on top. Great signal.

    A lot more legs in this yet.

    NZO Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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