TAP 0.00% 7.8¢ tap oil limited

Oakey,Be careful.TAP has had great fundamentals for years. It...

  1. 12,173 Posts.
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    Oakey,
    Be careful.
    TAP has had great fundamentals for years. It has provided a steady income for its directors and staff from its steady Australian income.
    It has never paid a dividend and enjoyed a consistent loss of shareholder wealth.
    What's good for the company and staff is not necessarily good for shareholders.
    This is a company that spends its income drilling wildcat wells in Borneo, Ghana or Timbuktoo instead of paying dividends.

    bacci
 
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Currently unlisted public company.

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