Yup ..been buying too. Next week will see people back to work. 2 weeks later move to alert 2. Planes are ready to fly too.
https://i.stuff.co.nz/business/12115...ookings-bounce
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Yup ..been buying too. Next week will see people back to work. 2 weeks later move to alert 2. Planes are ready to fly too.
https://i.stuff.co.nz/business/12115...ookings-bounce
I went to the local Z Service Station on Sunday evening for a few essentials
Not one other person or vehicle on the pumps or forecourt there (20+ group of pumps on quite a large area)
Apparently this is occurring often now I was lead to believe & trade was very light for what was a very busy outlet
On the very low activity now there which must be prevalent nationally, I would be cautious looking at Z shares
Also further large levies due to NZR (The Refinery) being likely on low volume processed comes to mind with Z
& other major Petroleum company retailers - are these at all likely ?
Another issue may be forward committed bulk purchases ? (similar to AIR) comes to mind..
Update on how much fuel they sold are on the announcement. At least they still selling n business still running. Compare with others stocks
400k people will go back to work next week plus business to get ready this week.
One assumes those people will walk n bike to work? Perhaps put a tap water on petrol tank.
PS. Not to mention extra kgs that they gained during the lockdown. The cars will burn more fuel....
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