what an amazing scene with the Aston Martin in the latest 007 movie !!
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what an amazing scene with the Aston Martin in the latest 007 movie !!
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BP wild bean coffee rocks. Our resident expert guru, now head of shareholders association who knows this industry extremely well told me some interesting information about this sector, (which I am sure he won't mind me sharing) including the average weekly instore purchases at BP sites compared to ZEL...I am going off memory here but I think it was about 3.5 times higher at BP, average across the country. $131K v 35K from vague memory, figures were from a while back.
I still hold in the hope there is a chance of a better offer but I am not holding my breath.
You're right its going to be a long sunset. I don't think anyone thinks otherwise but it is going to be an accelerating trend. Once EV's achieve price parity with regular ICE vehicles the rate of decline will really begin to accelerate. They'll still be selling fuel in the 2040's and 2050's but it won't be anything like the volume now. I think Z put out some graph in their presentation of volume expectations in the years ahead...I'll see if I can find it or maybe someone else will share ?
Thanks to Winner emailing me some research on comparative multiples for other industry players overseas I have reached the preliminary conclusion that 12.4 times EBITDA looks like a pretty fair price to me but I will reserve judgement until we get the independent valuation.
Yes a very long sunset. http://nzx-prod-s7fsd7f98s.s3-websit...302/351087.pdf
http://nzx-prod-s7fsd7f98s.s3-websit...302/351086.pdf
Independent Report will say fair price us $3.55 to $3.90 …..shareholders should accept in other words
Thanks for the info Beagle. Will not have time to read all that, but am also in this for a quick buck. Whatever happens, it doesn't really mater who is the best brand, they will all be foreign owned. The question is, do we take our profit now or wait a couple of months for an extra amount of $ks?
Don't worry about the tax, I have that all under control. My accountant of the last 20 years or so did his apprenticeship and auditor with the IRD. I have a good system. But this is not the time or place to talk about this. Maybe at the next ST meeting if you want to learn some good ways of getting around things;).
Looks as though the market is pricing in a 83% probability that the deal goes ahead.
I wonder what Ampol will do with the $50M green and white elephant that is Z biodiesel plant, or if their due diligence to date has identified that fact? Their future fuels strategy presents biofuels as blending and distribution opportunities across the existing network rather than development and production, with hydrogen taking centre stage alongside electricity as the most likely transition path.
Looks like its just Ampol only and unlikely any further bids from other parties.
Z to announce H1 on Thursday
Kudos to them for being so prompt -- most September ending period companies will dilly dally around and wait until the last week of November