37 mill in nz and 10m in oz so far
Often up to 50% can get churned in the first week or so
Brokers just love IPOs eh ......kaching kaching or whatever noise a cash register makes
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378/379 , there was a big line for sale at $3.75 but as soon as those got swallowed up the shares have been off to the races. Another great IPO to follow Synlait Milk. I got $15,000 worth from ForBarr ( 4,285 shares ). Was tempted to stag pretty quickly but am holding as I think this could get to $4 by the end of the year , especially if interest rates back off a bit after the recent spike.
Ditto here ,holding. Thanks to Craigs i got all i wanted in Z and a few Synlait. Feels like money in the bank with the div a great quasi int rate.
Doing well today on no news???
What is the chance it will be added to the NZX50 this month - it should rank higher than 25th???
In this you might to an understanding as to why Shell sold out. But by all accounts Z has done a wonderful job of rebranding it.
http://www.youtube.com/watch?v=8j4Tyy5nsQ8
Tricha that youtube video is quite outdated being from 2009. The fuel industry is changing.
With new technology Fuel Exploration is able to go deeper/use different methods and ultimately drill for oil in places they couldn't in 2009. The refining process has also got more efficient. Ethanol fuel has also came a far way. Oil is definitely decreasing but not on a scale as large as shown in the video.
Shell sold out as it is focusing on off shore exploration where there is a lot more money to be made as well as a lot of risk.
Wolf
Shell are very aware of the situation. Would you sell a company that is a key part of your distribution chain, unless.????
Anyway this one is 2011 and Shell is mentioned again. Here it is quite clear that all is not WELL.
It is presented by very knowledgeable people. It also shows the IEA as being completely incompetent.
You can read into this what you like, unfortunately as you know human nature doesn't like change.
Change is about to be unleashed, ready or not.
http://www.youtube.com/watch?v=RaNz3qS5WAo
This morning Goldman Sachs came out of their research blackout on Z Energy and initiated coverage with a BUY rating and a 12-month price target of NZ$4.35.
Did my buying in the IPO and not trading this, its a great keepa atp.