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36.5¢ new zealand oil & gas limited

So, what is a reasonable price?, page-12

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DefinedBenefit0

3,583 Posts.

338

25/09/20

12:17

Post #: 47626274
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Originally posted by mistaTea: ↑

Not good to compare to NZX imo.

NZX is not a good environment for an explorer like NZO, hence why the company has been undervalued for so long.

Australia seem to give more realistic valuations for O&G companies.

Put it this way, Cue currently has a market cap of ~NZ$132M.

NZO should have a larger market cap than Cue. Why is that the case? Well...

NZO own 50.04% of Cue, have NZ$50M of cash in the bank ready for investment in addition to commitments made for Ironbark (and no debt), NZO owns 4% of Kupe and also a 15% direct interest in Ironbark (NZO has an interest of ~25% when you add in our share of Cue. So we own one quarter of the equity of the biggest drill this century, and the deepest drill in Australian history).

We have re-listed on the ASX to get a more realistic valuation of our business.

So the starting point should be Cue's market cap...and then it should increase somewhat from there.

Expand

OK, so CUE is 17.5c as we speak with a MV of $122m real money and per 2019 AR, NZO has 164m shares- your valuation of CUE market value for NZO is 74c per share. Check my work please.

Sellers are asking 75c as we speak- so about right.

You're dreaming.

Anyway, it isnt a NZ coy anymore, its Ozzie like Phar Lap and the Finn brothers...

NZO Price at posting: 75.0¢ Sentiment: Buy Disclosure: Not Held
1 Upvote

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(20min delay)
Last 36.5¢		Change 0.000(0.00%)		Mkt cap ! $83.98M

Open	High	Low	Value	Volume
37.5¢	37.5¢	36.5¢	$419	1.132K

Buyers (Bids)

No.	Vol.	Price($)
2	820	36.5¢

Sellers (Offers)

Price($)	Vol.	No.
37.5¢	31616	2

View Market Depth

No.	Vol.	Price($)
2	820	0.365
3	89944	0.360
2	1704	0.350
1	5000	0.315
1	3333	0.300

Price($)	Vol.	No.
0.375	31616	2
0.400	11811	3
0.410	16013	2
0.420	1350	1
0.430	327266	1

Last trade - 10.50am 15/07/2024 (20 minute delay)

NZO (ASX) Chart