Beagle — re your comments re electric vehicles
October new car sales were a record and I noted this sentence in the report “Sales on new electric cars aren't registering and are below 'rounding error' levels”
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Beagle — re your comments re electric vehicles
October new car sales were a record and I noted this sentence in the report “Sales on new electric cars aren't registering and are below 'rounding error' levels”
Another great call from guru Couta
So about $5.20 was the low
All aboard the train or back the truck up or whatever the phrase us .....be 6 bucks again in no time
And they say new bicycle sales aren’t growing as fast as new vehicle sales ...go the car and stop putting in stupid expensive cycle ways
As long as it doesn't turn out like his $3.80 call on Turners :blush: we'll be alright. FY21 divvies, 5,000 shares would basically square many people's fuel costs including mine back to zero. (5,000 shares x 56.9 cps = $2,845 per annum) Natural hedge is one way of looking at it. Easy enough to do the same thing with power companies too. Funny how you start thinking as you start approaching retirement isn't it lol
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 ?