A nice juicy big dividend of 14 cps fully imputed totalling 19.4cps credited yesterday by the ZEL team, payable beginning June. Thank you Thank you team.
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A nice juicy big dividend of 14 cps fully imputed totalling 19.4cps credited yesterday by the ZEL team, payable beginning June. Thank you Thank you team.
might make new lows soon
Good news for Z Energy agreed terms for ITS. Also paying not a bad projected div of about 7% to 8% yld. on sp of $2.62c.:)
Had a wee look at the NZR announcement. So opaque and very hard to get excited when they're ostensibly trashing the last major lot of capex investment only very recently undertaken.
As for ZEL, its hard to get excited when you know Gull are direct importing refined fuel from some of the largest and most efficient refineries in the world and ZEL are stuck paying processing fees for an outdated and probably relatively less efficient refiner that's now been reduced to a logistics operator. None of this gives off the smell of a good feed to this dog, (get nauseous just thinking about investing in their smelly old industry). Avoid the whole sunset sector is what I'm doing.
Thieves, and the fat-fingered, cause grief for Z's Pay by Plate
https://www.nzherald.co.nz/business/...WIQCJ4DA5STOA/
lol how dumb , drive - offs are already a big problem in petrol stations and they go ahead and make it easier
I didn't mean to suggest that ZEL is not a good investment, just the opposite. Vehicle service stations are here to stay. Adaption is the key. The supply and demand of what ever will be required will set the price which incudes a profit content. The current low SP just amazes me at the moment. Is this a dump before the pump.
"My thoughts are similar to a number of people who have commented subsequently…
The change out to a full EV fleet will take decades. There are 4m cars in NZ give or take and in a normal year around 150k new cars sold. Even if every new car sold into NZ from this year was an EV it would take 25+ years to change the fleet out. This will happen over a long period of time. Also given NZ is a wafer of world market share and we are a RHD (right hand drive) country in a world dominated by LHD…we typically are bottom priority of any production allocation decisions."
The above quote is from Todd Hunter CEO Turners Automotive posted #6778 on TRA thread. There is currently 300 approx brand new EVs registered each month....will take over 1,100 years to achieve full EV fleet
that dividend is soon to be eaten up by capital loss ?