Almost back to $7.50 today and broken through the 30dayMA and 100dayMA past couple of weeks. I see that IML bought in > 5% stake from Jan through March, per SSH. Looking forward to 11 May results and update on synergies from Caltex amalgamation. Should see improved operating margin and final div > 20cps fully imputed...?
Can't find any news yet since Feb17 on the MBIE review of importer margins other than to say it's due end June17. (
http://www.stuff.co.nz/auckland/loca...xposed-by-MBIE). Anyone seen any updates? Remains a dampener.
How well is the uptake of their 3 loyalty Programmes growing an engaged customer base / stickiness (App driven) married with the off-setting of the discontinued supermarket dockets Programme?? They last reported the revamped loyalty drive had offset 70% of the $22m at risk there.
A couple of stats that seemed to auger well from last briefing... what's the latest figures?
- Average weekly store sales improving YOY
- Average weekly store transactions improving YOY
Continued jet fuel growth and positioning (import vs refine)?
Risk and impacts of more direct importing via competitors and price discounting?
Lot's of questions - They are/were due to update in April17 their 'Strategy 3.0' play, innovation pipeline (including EV) and revised deleverage / debt position.
Seriously - watching with fascination how their growth strategy may yet play out and be executed vs watching with equal fascination how the 'growth' strategy at the likes of the Warehouse is evolving :-) ........
Discl: Hold