Not so.
NZIER has a record of being "totally independent".
Their history of producing sound research is the best in NZ.
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trading halt pending major acquisition - Caltex , mobil or nz refining ?
buying Caltex I believe
Im banking on them picking up caltex nz after chevron sold its caltex ops in aus recently. caltex has re 220 gas stations here. Cant remember what it worked out per shell station.
jt - afr says Caltex for around 800m
cheers , got it. "The deal includes a $NZ 150 mill cap raise
The dual-listed Z Energy has indicated it would be interested in acquiring more service stations if they came to market, while fund managers say there is significant upside on offer from a service station mop-up.
Wow, big announcement: https://www.nzx.com/companies/ZEL/announcements/265080
Buying for $785. By comparison, ZEL has a market cap of $2B.
Other strong players in the market so I assume they will get ComCom approval.
They will no doubt consoldiate the brands over time and will get backend efficencies out of this.
Must be positive. Having said that, it has had a very strong run ever since I sold out :(
Up 45 cents at opening! All I can say is damn... wish I was a holder before today. Congrats to all of you.