Thanks for that CJ. What is Goldman Sachs record like?
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Did my buying in the IPO and not trading this, its a great keepa atp.
Was not going to buy any,but why my broker rang me and said he had some for me I changed my mind.
Therefore I am over the moon with how it is going.Not looking to sell,but to hold for the long term,enjoying the steady good dividends.
Feel we are "well positioned."
Z don't say it in as many words but I suspect that they see good opportunities for growth in the non-fuels side of the business - the convenience store, café, carwash etc. For example, BP are reported to sell more coffee than any other single entity in NZ, a part of the business that Shell didn't do much with in the "old days" but which is a feature of the renovated "new look" Z stations.
I actually think they are quite explicit on this. It wasn't a focus under Shell but the new store refurbishments, more friendly staff, pump service are there for one reason only, to get customers out of the car and into their stores.
Surfersteve - price of petrol shouldn't effect shareprice, it's all about the margins they are able to charge.
I agree, CJ. I was referring to the Investment Statement which devotes little space to the non-fuels business. Not surprising, of course, bearing in mind the limits on what can be "spruiked" in such a document. Nice photos, though!
Net profit has doubled yet no response from share price. Possibly under the radar because of all the attention on SaaS companys and PEB? Dividends coming up i'm considering topping up but i'm having too much fun trading PEB, XRO :)
http://www.stuff.co.nz/business/indu...refit-strategy
Pretty lonely on this thread.
You're right, Wolf, too much going on elsewhere to get attention! But the interim result was pretty much in line with the prospectus forecast and the company affirmed guidance for the full year, ie it met expectations and didn't excite the market to bid the price up.
True still thought we'd get a small reaction at least. Surely this derisk's it for some people showing that they are on track. Thought some dividend investors might have switched from Chorus to Z :)
Some comment here on the interim result.
http://www.macquarie.com.au/dafiles/...=OTY5NDQ5NDYS1
Jeez guru analysts getting even more guru(ire) coming up with things like *A terricolae is a term designating annelid worms including earthworms. In other words “The worm has turned”.
Suppose they not too impressed ....and just a steady as she goes investment with some downside risk
...on the smaller side of things, a Z station is planned I believe on the North Shore (AKL) on Onewa. Noting that there is already a BP at either end of the street and they're trying smack bang in the middle on a very busy street (crap position).
Some would think this is good... but some have forgotten that the Caltex up the road went out of business.
Anyone local got a recommendation of their own? I think it is going to fail (the planned station that is).
This stocks getting hammered lately thin on the buy side glad I only purchased for dividend at 3.81
Where have all the buyers fled too? I borrowed money for this one in the ipo.. Might have to set a stop loss
Not directly related to ZEL but it's interesting that Shell is now also in the process of selling its Australian retail assets.
http://www.smh.com.au/business/tpg-c...107-30fg0.html
Thoughts on where this is heading this year? Thinking of ditching my holding and buying more growth stock elsewhere,industry looks tight to me but if $4.50 target gets hit could be worth holding?
Cheers Moosie,Yep was thinking of some more Sum or buying back some Rym,lm not relying on divvies to survive so looking to maximize return long term and growth stocks are in, there's also that Serko listing coming up that looks appealing,I've got enough dead money tied up in Dil so just looking to tweak things to get max benifit
I've always considered it a slightly volatile stock due to the nature of the main products it sells rather than defensive?
As a long term hold, slightly volatile is irrelevant. Much like my power shares, which have seen a destruction of wealth over the past 12m, people will still need electricity/petrol so those dividends will continue to flow.
In hindsight, I should have put more money into WYN,PEB,etc which are in the growth part of my portfolio but the plan is to be balanced.
Does anyone know the approximate dividend yield on these if purchased at $3.80, they have only paid 7 odd cents to date so 2% at the moment? Cheers
My broker has them at 8.1% Gross yield forecast @$3.73for this year and 8.7% for next. I bought for the longterm too.
My quick maths based on JT comment suggests that would require a 16c fully imputed final dividend.
And from the prospectus:
Quote:
The first dividend to Shareholders is forecast to be
$31 million declared in respect of profits earned in
the six-month period to 30 September 2013 and
will be payable in November or December 2013.
This dividend represents approximately 35%
of the total forecast year dividend, with the
remaining $57 million expected to be paid in
May or June 2014.
Duplicate .Harvey beat me to it:)
Turning into a good story from listing. Gone X 14.3c div 21 may and nearly back to pre div price already. Marsden Pt performance may be struggling tho.
Well my dividend is in my bank.
Seems to be trending down after failing to get above $4 again. Has hit the 200 day MA.
Disc: sold out last week to buy a new car. May look to get back in depending on how how low it gets.
Hey harvey if your car has a bigger motor then global warming coutas and you promise to fill up at Z I'm buying:).
The operational update just out looks stable albeit a little flat/down compared with same time last year.. Refining margin (mars den the problem child) way down mainly due to the shutdown however. Importer margins up nicely. Good to be cautious but its been trading rangebound for a little while. Will watch closely cheers JT
Even though I held Z shares I couldn't fill up there have to use BP for the 98 octane(Not a great fan of BP) my old T-Bucket used to run on half 98 and half Av gas sometimes it feels good to be anti PC in this modern age aye:cool: PS-Not sure if HS would want to be driving around in a motor bigger than 9.3 litres as a daily driver with only getting 4.5k/liter of fuel.
unfortunately yes as the family no longer wants to squeeze into the Suzuki Swift. Engine size has now more than doubled and gets a rather unhealthy (except compared to Couta!!!) 11l per 100km.
I am not suggesting it is a bad company. I sold as it was unlike to spike up (being a good steady dividend play) but was suffering from the general negative sentiment that appears to be in the market at the moment. As I said, I may well buy back in and in in case, I sill hold some via IFT (which was the other one which was on the chopping block but I kept as a more diversified play).
A nice recent climb up toward $4.00. Anyone have any insights?
Price of oil dropping maybe helps. Im relieved as she got close to the 180DMA and is now back above the 60DMA .
Jumped 7c to anew high today $4.09 re 490,000 shares through, highest vol since june. Latest quarter margins up but most other figs flat or slightly down. Punters going more defensive maybe.Shot above 50DMA on 22nd