CEO on Hoskings this morning .... Sales down 80% in Level 4, expected to be around 60% in Level 3.
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CEO on Hoskings this morning .... Sales down 80% in Level 4, expected to be around 60% in Level 3.
Well that's a positive, sales up about +20% from -80% to -60%. Then lock down level 2... level 1... Maybe sales up 70% to 80%. Val Approx $8.50, NTA $6, Dividend 47c when petrol flowing, Div YLD 14%, sp at 10+ year low. Couldn't resist dipping my toe in last week purchasing 2 blocks under $3 and 2 blocks over $3.10c, for long term gain.
Not to forget ZEL have a poor track record of "shocking" the market and messing around with their dividends. Its also a company with very high gearing and is rapidly losing market share, not to forget propping up NZR. Then there's the long term questions. They're huge jet fuel suppliers. How many years before demand for jet fuel returns to anything like what it was ? Will this lockdown change people's driving habits in the future ? Will electric cars start to take off over the next few years ?
Like I said master Beagle...one assumes to walk or bike to work next week. Or put water on the tank.
400k people will go back to work next Tuesday. Not everyone is on retirement like most of us here
I dont personally see the electric cars on the trend now. When u looked at US..they kept buying the oil n store it during the last couple weeks. Why people buying expensive electric cars when the oil is flooded the market n cheaply over there
Buying a new car is normally a long term decision (given an average vehicle life span of 2 decades or so).
How long do you think cheap oil will prevail if markets start humming again - no matter whether this is in 6 months or in 3 years from now? Same demand and significantly less supply due to Americas shale oil industry going to the dogs.
I'd think buying a new electric car wold make a lot of sense. Anybody buying a new gas guzzler now will rapidly need to write off their investment when (whether in months or a couple of years) oil prices ramp up again.
Agreed....sadly....how many people afford to buy electric cars now? 50k the cheapest electric car....I would assume people is using the current cars
Jet fuel prices world wide went up 4.3% for the week ending 17/4,if oil is coming down in price one has to presume margins are going up.Time will tell of course but overall this should be a positive for Z but not so good for airlines who are trying to recover.
However it could just a one week blip!