So all the happy yield hunters who have been buying in at $6.50 odd have just become long term holders?
Maybe they did look at it as a 5 year term deposit.
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So all the happy yield hunters who have been buying in at $6.50 odd have just become long term holders?
Maybe they did look at it as a 5 year term deposit.
Thanks to Winston as a Gold Card holder I receive 15 cents off a litre at both NPD,and Challenge.
At Christmas time I buy $200 worth of Pak'Save specials and receive 40 cents off a litre.
Z and Flybuys sending me emails with 6 cents and 10 cents off,get deleted straight away.
That's great Percy but the discount may not necessarily be as much as face value, something for you to look into ?. I can't comment on your area, obviously, but the only Challenge around here is a very old style garage that's consistently about 5-10 cents per liter more than service stations within a 2 km radius. I do think the minnows will very very slowly eat into Z's market share and keep the pressure on retail margins, then there's possible regulatory headwinds as well as long term very gradually increasing electric vehicle headwinds. Plenty of possible headwinds there...
All the service stations in my area ,have the same prices,so the savings are genuine.
Am noticing more Nissan Leafs on the road.
My car should be good for the next 5 to 10 years,so have not given a thought about a replacement.
That's good then isn't it ! I think EV's are at their best relative to other vehicles in very, very hilly area's like we live in, (as they can recapture some energy going downhill through regenerative braking). I am also noticing increasing numbers of Nissan Leaf's and quite a few Tesla's around here too.
Although I remain of the view that EV vehicle uptake will be at a very "glacial" pace, nevertheless it is a very gradually building headwind that cannot be ignored completely. I think Z would be very wise to start rapidly rolling out fast charging stations at many of their forecourt's so people would be spending on coffee and other in store refreshments while they wait for their EV's to be charged. Best to get ahead of the curve and milk it with increased in store sales eh :)
Wonder if this has crossed Z Management's minds ?
Really this downgrade highlights what a very low margin business this is.
Not looking like a good year profit wise for Z
Their preferred profit measure is RC EBITDAF
FY19 this was $434m ....which was $15m less than FY18
Revised guidance is a low of $$390m but includes $25m of IFRS16 things (no rental expense but shows a depreciation)
So on a like for like basis EBITDAF F20 going to be $365m ....a whopping 16% less than F19
Reading all the presentations with all the talk about synergies, restructuring, digitalisation and heaps of other stuff this years performance is rather pathetic.
Lot of hype ...no delivery
Steady downtrend there eh Winner. Might only net 3-4 cents per liter of fuel sold this year. Govt's total take incl GST over $1 per liter but Jascinda tells us the fuel companies are fleecing us. Is it too early for a Tui ?
Wow, glad I got all out last week at 6.57
and I was thinking that you’d unnecessarily shaken your self out of the tree, Beagle.
Yeah it sure can. Let the first half go at ~ $6.40 so average exit not as good as Peat but not far off.
Funny thing Peat is I was just wondering myself the other day when it hit $6.50+ whether I'd let Jascinda's barking frighten me off. Turns out she did me a favour lol
In another ironic and lucky twist I was just chewing it over, over my muesli for breakfast this morning whether I'd made a mistake selling a little while ago and would buy half them back this morning.... so it was quite a timely company update.
You need a bit of luck to go with good TA, FA and CA.
Bit of a worry this ANZ guy - we missed the GFC and it’s still to hit us
2
11 September 2019
ANZ Global Chief Economist Richard Yetsenga says many small economies have made the same mistake of presuming the financial crisis had nothing to do with them.
He says the reality is it takes longer for the ripples of economic issues to reach small open economies like New Zealand and Australia.
Is it a concern to anyone that the SP dropped 30 cents yesterday, BEFORE today's announce? Wouldn't have thought ZEL was leaky but now I have suspicions.
Same guy that predicted we'd be 40p against the Pound by now ? That's quite an ivory tower he lives in...
You sure it was 30 cents ? From memory I recall it fell about 20 cents and wasn't far out of line with the general market which was down ~ 2%.
Not defending these guys as really they should have updated the market earlier if things are as tough as they're saying...
FWIW I think there's a real chance this goes back down to $5.20 again in due course but the real question is, (if it goes there), does that make it a buy again ?
No really. ACC started to sell 1% of their holding, September 11