nice open had to take some profit on that nice rally last week or so
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nice open had to take some profit on that nice rally last week or so
Very happy with the operational update today and confirms my belief that no matter how various fund managers classify ZEL it is indeed a consumer staple that the vast majority of customers must buy on a very regular and repetitive basis.
Mid point of dividend forecast (42.5 cps) is well above previous analyst consensus forecast of 38.7 cps.
I would speculate that after the market's disappointment with the companies interim dividend the board will want to try and pay towards the top end of the new range of (38-47 cps).
Happy holder.
Certainly is a good little upgrade this morning Beagle. Great to see both EBIDTAF and dividend guidance increased and also like the words "more stable crude outlook" that should help bed in better margins. Happy I've been accumulating over the last week and got my last lot this morning. Now happily holding.
http://nzx-prod-s7fsd7f98s.s3-websit...705/293954.pdf
Full detail of announcement above and sharechat article below
http://www.sharechat.co.nz/article/6...-oil-slumphtml
look where the share price was last time they mentioned 420m-450m
It was $7.50 ..... so $7 plus here we come ...yippee
Repost of chart from a week or so ago ...I'll update when it gets back to $7
wonder if around that 6 i mentioned will be resistance?
anyway greens are pushing for ev subsidies looking to introduce bill
https://www.newshub.co.nz/home/polit...tric-cars.html
this will have big implications for z if subsidies passed to encourage business to uptake ev ... z has a big commercial business so loss here would be big something to kepp an eye out for in parliamant
https://www.stuff.co.nz/business/110...back-on-target
Hold these for the Dividend...so good news for Mrs Mcdongle...But with Auckland signed up to ban petrol and diesel vehicles by 2030.. And buses by 2025 will be interested in how they are going to fill this void...
Maybe better buy before the Aussies wake up at midday