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PetroKazakhstan Inc. (PKZ) Message Board

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  • draqu2000 draqu2000 Jun 13, 2005 7:29 PM Flag

    Investor conf. webcast @ 6PM ET today

    **The previous message contains wrong date (May vs. March 31). The corrent version should be:

    PKZ repurchased 590,800 shares between May 3 and June 7, 2005, calculated at:

    75,728,337 (shares outstanding as of March 31, 2005) - 1,137,500 (shares repurchased between March 31 and May 3, 2005) - 74,000,000 (shares outstanding as of June 7, 2005)

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    • I believe you are correct:

      "PKZ repurchased 590,800 shares between May 3 and June 7, 2005"

      i checked the June 13 presentation details
      and there was 74 Million basic shares
      outstanding as calculated from:

      74.0 million (basic) as of May 31/05

      MarketCAP as of June 7/05 US$ 2,136 million
      Share price US$28.86 (NYSE)June 7/05

      SO

      74.01 million (basic)shrs outstd
      as of June 7/05 from MCAP & stk price info

      SO

      you are correct:

      "PKZ repurchased 590,800 shares between May 3 and June 7, 2005"

      ONLY about 600,000 shares in MAY!!!

      My guess is that they are being conservative
      to conserve CASH

      CASH for ???

      to settle KAZ and LUKOIL lawsuits???

      to buy a % of CHINA-KAZ pipline???

      to buy NELSON resources or some other assets???

      :-)

      g