I topped up on close last Friday to 75,000. But am with Bottomfeeder and hoping for a bidding frenzy to start. I will buy more on any sp weakness before sale:).
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Yeh
M+A's not on steroids these days !
One could always save the money for their IPO or buy Ampol. (ADL)
It looks like ADL has done better over the last couple of years although correlation is increasing. Bound to be less volatility.
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I'm also underwhelmed but as I've said many times this company is a really tired old mutt. Massive investment is required to give this aging thing a new lease of life including larger stores with better food and coffee and EV charging stations at all site's.
Will they change the name from Z to Ampol? Whatever the name, I am sure Z/Ampol will do all you said and convert to EV and cafe etc over time, the same as all other Caltex, BP etc outlets will do over time. Then Z/Ampol sp will probably head back to $10, but only after Kiwis sell to Aussi.;)
brought some today , imagine ampol will change the make up of z retail offer as part of there synergies. ie sell of the convenience shop side of things
Interesting to read Ampol's (ALD) presentation re Z's acquisition.
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Z Energy acquisition highlights:
Unique opportunity for Ampol to acquire the market leader in New Zealand and deliver strong financial returns
- Z Energy is the market leader in New Zealand with 40% share of New Zealand fuel sales and a similar businessmodel to Ampol
- Creates a Trans-Tasman fuel champion with a combined network of ~2,400 sites and supplying ~23.5 BL pa of fuelto customers in the Asia Pacific region, leveraging Ampol’s unique international supply chain
- Material transition and synergies1 opportunities – NZ$60-80m pa largely via, fuel procurement and overhead costreductions
- Compelling financial returns – targeting double digit EPS accretion and 20%+ free cash flow accretion in 2023
- Creates a stronger platform for development of lower emissions energy solutions for customers across Australia andNew Zealand
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I'm waiting for the bidding war to start and should be at least a price with 4 in front.
My average buy is ~$4.65 ... so bought a few more to dampen the loss. Obviously not too pleased on where they've landed.