Codlips,
I don't think the threat of litigation is having any impact on the SP. I seem to recall the dollar value involved in the litigation was very small compared to OZL's cash flow.
I think the company is way oversold at the moment.
Reasons for SP held back include:
1) No likely franked dvidend
2) Carry over of reputation
3) Some say there is a risk with a single mine/commodity (ignore the gold)
I personally feel no 1 is the main reason. It would be interesting to work out a possible dividend if OZL didn't have the huge tax losses it has to wipe out before it can offer franked dividends
Regards
- Forums
- ASX - By Stock
- why is oz down today
Codlips,I don't think the threat of litigation is having any...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OZL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online