Report wouldn't be the cause for the (close to) 4% drop in share price?
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Report wouldn't be the cause for the (close to) 4% drop in share price?
Well, well, well.... Irrespective of what NZIER says I would still bet a few bob that they dragged the chain last summer with retail price declines on the back of such a major decline in oil price. I still reckon they're thieves and Z is by far the worst in the area I live. They have massively over-played their local ownership hand IMHO.
http://www.stuff.co.nz/business/mone...l-price-cynics
The AA I find just as entertaining, well educated people no doubt
One wonders if this report was truly independent as it was paid for by Z...just like all those "independent" auditors reports of finance companies were paid for by the finance companies themselves.
When you're being paid a big fat fee by an energy company one can ponder if that didn't affect the outcome ?
trading halt pending major acquisition - Caltex , mobil or nz refining ?
buying Caltex I believe
Im banking on them picking up caltex nz after chevron sold its caltex ops in aus recently. caltex has re 220 gas stations here. Cant remember what it worked out per shell station.
jt - afr says Caltex for around 800m
cheers , got it. "The deal includes a $NZ 150 mill cap raise
The dual-listed Z Energy has indicated it would be interested in acquiring more service stations if they came to market, while fund managers say there is significant upside on offer from a service station mop-up.
Wow, big announcement: https://www.nzx.com/companies/ZEL/announcements/265080
Buying for $785. By comparison, ZEL has a market cap of $2B.
Other strong players in the market so I assume they will get ComCom approval.
They will no doubt consoldiate the brands over time and will get backend efficencies out of this.
Must be positive. Having said that, it has had a very strong run ever since I sold out :(
Up 45 cents at opening! All I can say is damn... wish I was a holder before today. Congrats to all of you.