Its hard debating against the REAL FACTS isn't it !
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Its hard debating against the REAL FACTS isn't it !
It does seem like Labour is diverting attention from the excise increase - necessary though raising capital may be to cover the postponed investment in Auckland transport needs.
Tbh I have not been following the situation as closely as I should have. However wasn't there concern by some that the oil companies were operating as a cartel during the previous government? Wasn't the can just kicked down the road for someone else to deal with?
It does sound a wee bit like the witch hunt against Telecom and Chorus. That then may have resulted in reduced investment and a squeeze on contractors ( with consequences emerging now in the form of labour exploitation.)
Big Oil and Big Telcoms are easy targets for whom the general NZ public don't have a reserve of compassion.
The graphic in this article is revealing. I'm sure most have already seen it but I've just caught up with it. Out of $2.45 for a litre of 91, $1.177 is for taxes, GST, and the emissions trading scheme. Just 39.9 cents is for retailer overheads and profits. That doesn't seem like the industry is "profiteering". Looks like the retailers, slinging pies and pumping gas, are getting crumbs. The Government on the other hand seems to be doing very nicely.
https://www.nzherald.co.nz/business/...ectid=12140094
Good on the Herald for producing such a good graphic. Show that to the average punter and the Government kind of has some explaining to do.
Bjauck, you are right. Easy target. Yet professions like dentists charge an absolute fortune but are always under the radar.
PS when I wrote "slinging pies and pumping gas". I was thinking of the Hal David lyric "parking cars and pumping gas" from "Do you know the way to San Jose"
https://www.youtube.com/watch?v=CnzTgUc5ycc
Correct atp national have increased petrol excise tax WAY more (n their last 3 terms )and not done the infrastructure spend that would have avoided the current bottleneck in Auckland etc. check again after labour have been info 3 terms and get back to me.
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Z Card - the card for Kiwi businesses
- Get a discount of 6 cents per litre at Z service stations and 11.5 cents per litre at Z truck stops.
Z is the only fuel company where you can fuel your Air New Zealand Airpoints Dollar™ balance every time you fill up! Then, spend your Airpoints Dollars on flights, special gifts and travel benefits. great point of difference!
Z also does flybys, great marketing!
And of course the discounts offered on new world and paknsave grocery dockets its a win /win for all of those that need to watch their dollars.
- Targeting dividend payout ratio of 90-100% of underlying free
cash flow, i.e. 50-55 cents per share at midpoint of guidance
Petrol companies offer between 10c - 18c discount per L using monthly accounts for certain groups like nzmca (nz motorhome & caravan association) which suggest prices are loaded to cover.
Buy a hybrid which charge themselves & save heaps.
To boot - A NZ company which is paying interest to NZ bond holders and dividends to NZ shareholders and KiwiSaver schemes.
From my point of view, It would be great if the discount scheme cards could be loaded on to paywave so that one wave of the phone could pay for the petrol and account for the discount!
Yeah quick and efficient. Meanwhile the times are slowly but surely a changin. No we are not there yet:) but we will be as peoples habits are adapted.
$1b Auckland park 'n ride plan
Share price continuing to take a beating today. What's everyone's thoughts on where things are at right now?
Thats a very important point , thanks. gull is not the white knight that many think.
From Wikipedia
"Octane ratings are not indicators of the energy content of fuels. (See Effects below and Heat of combustion). They are only a measure of the fuel's tendency to burn in a controlled manner, rather than exploding in an uncontrolled manner.[3] Where the octane number is raised by blending in ethanol, energy content per volume is reduced. Ethanol BTUs can be compared with gasoline BTUs in heat of combustion tables."
https://www.theglobeandmail.com/glob...ticle29103634/
Other issues with ethanol as well especially with older cars.
Once a year I put a load of their Force 98 in my Chrysler because it bonds with any moisture in the tank and helps eliminate that and then I'm back to Mobil 98 Octane. BP Ultimate 98 is heinously overpriced in my opinion and Z are stupid not to sell 98 Octane because there's a lot of American and Euro cars that require it.
Z are under the pump because they will soon be forced into full disclosure of their margins and I think despite the figure they produce their margins are the most excessive. They seem happy to trade losing market share to maintain very high margins. Not sure how long that strategy is sustainable and with electric cars coming I see Z as having ongoing headwinds.
https://www.nzherald.co.nz/business/...ectid=12145550
Z under the pump even more today. Chart looks really UGLY. Mr Market appears to be saying that Z's previous claims of modest margins are about to be exposed by legislative compulsion. Really shameful that they wouldn't fully cooperate with Com Com under previous investigation and that legislative change is required to compel cooperation. What have they been lying about and hiding ?
They're certainly not the only ones exhibiting predatory pricing behavior. BP N.Z. Ltd have enjoyed some really outrageous profit increases in recent years all on the back of the poor beleaguered motorist.
Yep do a lot of walking. Its the best way to lose weight btw. Hey there is an interesting book out ive just read and done a 3 day cleansing diet with. "The Plant Paradox" very interesting ideas and research for a healthy lifestyle.The green avo and spinach and lettuce and mint and lemon juice and ice and water smoothie worked a treat.
I see Z Energy majority-owned Flick is in the news a lot at the moment. As a Z Energy shareholder (albeit very small) I wondered if it was a good idea adding Flick or at the very least spending as much as $46M on it. Flick hasn't really added many customers since May last year and it appears that a fair percentage of customers seem to head for the door at the first sign of spot price trouble rather than ride it out. I like the idea of a spot price option but just at this stage New Zealanders don't seem keen on it. Having said that, Flick seems to be a pretty slick, innovative operation with good customer service.
I'm attending that Craigs Investor Road Show next month featuring Mercury (don't hold), Summerset and Z Energy. I"ll be interested to hear why they thought it was a good idea to purchase Flick, I'll keep an open mind. Maybe doing something really old fashioned like paying off more debt would have been a better use of the cash. I'll be interested to hear what they say.
https://www.nzherald.co.nz/business/...ectid=12150226
profit down quite a bit and outlook suggests more (less profit) to come... any comments? it was worst then i thought but maybe divestment might be the way to go?
This doesn’t seem to be good news
http://www.sharechat.co.nz/article/8...s-drop-21.html
usually profit cut comes in 3... so this is the 2nd time? maybe one more to go...
Last year this fandangled ebitdaf thing $449m
First guess for F19 was $450m
Next guess F19 $420m ($30m lower)
Latest guess $400m ($20m lower)
Think I am justified in using the bottom of the range ...the top of the range is to give you warm fuzzies and a bit of hope,
Yes, more lower guesses to come I reckon
Wow, terrible beating for us shareholders today - down almost 7% and counting and with the threat of further regulation just around the corner, who knows where this will end up.
I'm feeling really "fleeced" today.
My broker for one has a buy on ZEL with t/p reduced to re $7.72 with div forecast at half a buck.
The sharemarket is a weighing machine , holding looking to top up.
Not sure what Labour are on about or, more importantly, what they can do. NZ pump prices are the same (or even slightly lower) than average world pump prices.
"prices for New Zealand from 23-Jul-2018 to 29-Oct-2018. The average value for New Zealand during that period was 2.43 New Zealand Dollar ... For comparison, the average price of gasoline in the world for this period is 2.45 New Zealand Dollar. ..."