Well it just that the day after the govt announces its asset sale is progressing, NZOG goes into immediate trading halt. Furthermore this is not a core asset for Genesis and a sale and payout to the govt would be doable before it floats.
Could be a coincidence. We shall soon see.
Also note that Origin owns 50% of Kupe and Origin are a bit stuck for cash at present, so they won't be wanting to buy their pre-emptive share of the Genesis package either.
Could be a huge change coming. if NZOG needs cash either via equity or bank debt or both, they will have no trouble whatsoever raising this in NZ. It is awash with cash here at present.
Cannot see what the 'management of a material asset' could have to do with Tunisia, but we will soon find out. Would not see why that would need a trading half either.
The delays in announcing the reason for the halt is obviously due to 3rd parties not being ready to announce it, because NZOG obviously is. Hopefully we find this out later today.
Well it just that the day after the govt announces its asset...
Add ECH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
37.5¢ |
Change
0.005(1.35%) |
Mkt cap ! $83.98M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 36.5¢ | $7.879K | 21.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26695 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 142 | 1 |
View Market Depth
| Last trade - 15.33pm 15/11/2024 (20 minute delay) ? |
| ECH (ASX) Chart |