I think the margin throughput report due next weeks will be quite telling as to how the annual results going to be, as their year end is Dec. I'm expecting it to be bullish along with new plant to be commissioned soon. Bring it on!
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I think the margin throughput report due next weeks will be quite telling as to how the annual results going to be, as their year end is Dec. I'm expecting it to be bullish along with new plant to be commissioned soon. Bring it on!
A snippet from Craigs research on ZEL
"Refining margin gains driven by a strong Singapore margin and efficiency gains
The company has seen significant increase in the GRM received , margins at NZ$11.6 and NZNZ$11.7/bbl in 1 Q16 and2Q16 respectively, this relative to the average NZ$2.4/bbl seen in the pcp.This was on the back of strong margins and record processing volumes, the rebate ZEL received increasing by NZ$15m(c.167%) in total relative to 1H15
While we expect a slight decline over 2H16 as singapore complex margins normalise toward long run averages , this decline should be partially mitigated by an increase in NZR's premium to the Singapore margin as result of the introduction of Te mahi Hou( a $US0.90/bbl benefit) and efficiency gains (US$0.13/bbl)"
Thanks for that JT, precisely the reason why Z increased their profit despite lower sales revenue on the back higher margins.
I expect the sp to rocket upon release of throughput report next week.
Wow that caught me by surprise, wasn't expecting the report out until next week.
Anyway great result overall, Blue skies from here I hope.
Snapiti was the one with the foresight and research freely shared to thank imo. Bring Back Snaps, Bring back Snaps....ohh he chose to leave us.......
Smashed thro' the day since the announcement.
Love that 30,000 on offer at $5.00 (not mine) on trading depth, that's where I'm thinking it'll be in 12-18 months time.