STU 0.00% 94.0¢ stuart petroleum limited

hi, Ian. Don,t get me wrong! I like Stu I rode it from.28 till...

  1. 247 Posts.
    hi, Ian.
    Don,t get me wrong! I like Stu I rode it from.28 till mid.60,s. Just seems that they have locked themselfs in.Very limited business model.
    In fact got my div today, and sold the rest to buy more Coe.
    Why pay a div ? 2c woopie!
    Not sure as their reasoning behind it. Should have put the money to better use in my opinion. ( same as Beach! )( always harder to withdraw a divendend once a company pay one) Put it back in the ground me thinks!

    I have said for a long time even before I excerised my oppies in COE that they were undervalued. Thought that they should have been at these levels a long time ago!
    Seems as if they have a master plan . Should have held on over the last 1.5 years or so.
    I don,t think that STU,s small discoveries will excite the market, unlike COE that is on the hunt for 100mb + finds. ( much more exciting) And they don,t pay DIV,s which in my opinion a small producer should not!


    comments and discussion welcome.
 
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