Australia's largest stock trading and investment forum Australia's #1 stock forum

OSH

Click for more information

0.00%

$4.04 oil search limited

If that's the case then time to sell. That yield is terrible.

First 29 Last

Share
Profile

Follow
jasonjeroo

1,188 Posts.

101

07/08/14

12:06

Post #: 13783292
Share

Originally posted by mattocks ↑

Macquaries have just released a report on the Energy sector and have a target of $10.50 per share on OSH with an Outperform rating , what was interesting was the comment of where dividends are heading.
They predict the divvy will stay the same for the balance of 2014 as the funds from the gas shipments are held in escrow by the bankers until final completion of the project , but mention a figure of 11.7 us cps from 2015

"Meanwhile, we expect the dividend to remain flat at 2 US cps for the half (although we estimate this could jump as high as 11.7 US cps in 1H15 following the release of escrow funds)." end of quote
OSH review of their operations and direction flagged for the end of this year should see where we are heading, but my bet is that bigger dividends will keep the PNG government happy.

Cheers Mattocks

Expand

If that's the case then time to sell. That yield is terrible.

OSH Price at posting: $9.27 Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

TLG

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

I88

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

EBR

EBR reaches review milestone for wireless cardiac pacing device

HYT

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

EMR

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

There are more pages in this discussion • 2 more messages in this thread...

First 29 Last

Add OSH (ASX) to my watchlist