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Re: [sharechat] NZ REFINING

From:	"Jacob Hewitt" <jake_48@hotmail.com>
Date:	Sun, 15 Feb 2004 15:02:12 +1300

it is because they do not want to record huge profits so they are required to pay more tax the next financial year, so the share price remains steady or slowly rising until it is convenient to nz refining to lift it and reveal their actual profits. nz refining are an excellent share because there is little risk in them going bust as they do have a monopoly and are majority owned by the oil companies and they pay a good dividend, $1.64 last year i believe.

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