LOL fair enough mate. I didn't stop at 5,000 shares so now I can afford to run my V8 car again... for free this time...oh wait...why did I sell it :confused: lol
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https://www.marketscreener.com/Z-ENE...015/consensus/ All those guru analysts on average reckon its worth $7.14.
Sell down does look overdone based on my own analysis I reached the same conclusion as another guru on here who used the seat of the pants theorem to arrive at the same answer.
Mrs Beagle wanted asked me over lunch what I've been up to today and I said I'd been busy buying Z Energy shares. Can't go wrong with consumer staples she replied.
I don't normally listen to her comments on shares but I think she has a good point about it being a defensive consumer staple.
Analysts reckon its worth a lot more. Guru Couta1 reckons its oversold as do I. Company insiders buying on market in the last two days as well.
Gross yield of 15.5% forecast for FY21. Last time I saw something that juicy in terms of yield was HLG when it was $2.70 ! If ZEL can start paying around 50 cps per annum or slightly more in due course it is highly likely we will see a significant recovery in the SP in my opinion.
Hard to understand why the market has whacked this down by around the same percentage as the profit decline as though the reasons for that decline are permanent, when quite clearly they're not. Opportunity knocks ?
Who doesn't like half a V8;)
It's Gutometer Couta not Guru.Lol
LOL thankfully some modern highly efficient V6 engines are making similar power figures to what V8's were making a decade or so ago :) 2 liters is only for milk bottles :D
:lol:
Bought some more this morning. Can't help myself at the thought of a 15.5% yield....could probably run a couple of V12 engines for free now off the dividends lol
http://nzx-prod-s7fsd7f98s.s3-websit...464/290054.pdf
Yet another insider buying more on market. Follow the smart money, 3 insider notices in the last two days. Brokers all like it and think its worth heaps more. Super guru gutometer Couta1 likes it, I do, heck even Mrs Beagle likes it and she is never ever wrong...well not that she ever admits too anyway lol
Massive share volumes lately flushing out all the remaining disaffected shareholders. Back up the truck, what could possibly go wrong :D
CTX (Caltex) and VEA (Shell ) on the ASX at 1 year lows (listing low for VEA from july) .
CTX PE 9.55 D/Y net 4.37% ( source ASB)