-
09-03-2020, 04:12 PM
#1791
There are already trucks running on battery power and more coming, range is limited at the moment, but there is no trouble hauling weight.
-
09-03-2020, 04:44 PM
#1792
Originally Posted by Schrodinger
Screaming buy imo
It will be at some point but catching falling knives is not my idea of fun.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
09-03-2020, 05:16 PM
#1793
Casually following this fall, but not a holder.
The biggest issue is what will short, medium and longer-term margin's be. If margin's decline when there is world-wide surplus capacity and that surplus capacity increases due to the looming economic slowdown and conversion of vehicles to battery power, the margin outlook is poor. NZR may keep volume up for some time, but if the margin's aren't there, neither are the profits or dividends. Takeaway this share price support and the price collapses. The trigger for revalation (if it occurs) is probably other refinaries around the world calling it quits which would help address surplus capacity.
-
17-03-2020, 11:19 AM
#1794
crack spreads are still bad at the moment
one step ahead of the herd
-
20-03-2020, 02:20 PM
#1795
corona virus impacting the cracks bigger than i thought
https://www.nzx.com/announcements/350350
one step ahead of the herd
-
27-03-2020, 11:20 AM
#1796
Member
This company which I am an unfortunate shareholder in needs to get real with business today and stop telling shareholders all about their focus on problems which seems to be continually highlighted in their annual report. They should be spending more time on finding the solutions to reward their shareholders rather than spending heaps delivering pouncy reports.
In view of their no final divie to shareholders there was no mention of curtailing their staff entitlement scheme.
I hope the NZ Shareholder's Assn brings this company to account.
A quote attributed to Margaret Thatcher goes along the lines of
"The problem with socialism is that eventually you run out of other people's money."
-
27-03-2020, 04:42 PM
#1797
Member
Originally Posted by Waiuta
This company which I am an unfortunate shareholder in needs to get real with business today and stop telling shareholders all about their focus on problems which seems to be continually highlighted in their annual report. They should be spending more time on finding the solutions to reward their shareholders rather than spending heaps delivering pouncy reports.
In view of their no final divie to shareholders there was no mention of curtailing their staff entitlement scheme.
I hope the NZ Shareholder's Assn brings this company to account.
Agreed ... they have been pretty **** ... one of my biggest regrets was investing in NZR - the business I thought was a super stable long term dividend payer.
-
28-03-2020, 09:58 AM
#1798
Member
Originally Posted by Waiuta
This company which I am an unfortunate shareholder in needs to get real with business today and stop telling shareholders all about their focus on problems which seems to be continually highlighted in their annual report. They should be spending more time on finding the solutions to reward their shareholders rather than spending heaps delivering pouncy reports.
In view of their no final divie to shareholders there was no mention of curtailing their staff entitlement scheme.
I hope the NZ Shareholder's Assn brings this company to account.
I have never really looked into the staff entitlement scheme. I presume you mean the share based payments rather than legacy pension entitlements?
Looking into the 2019 annual report seems like the company buys $1000 worth of shares per employee, can be scaled up bit if performance is met (averaging out 2015-2018 payments it has been $1050 a year per person). Then the shares vest after 3 years. Presumable to exclude temporary short term employees.
2015 cost the company $292,000
2016 cost the company $333,000
2017 cost the company $215,000
2018 cost the company $133,000
Spread across pretty stable employee count, an average of 303 employees.
So over the 4 years I have numbers for, it cost the company a total of $973,000.
NZR have an annual wage and benefit bill of ~$61 million for 2019 so it costs them about .2% of all wages/benefits for the year. Doesn't seem like a big deal to me.
I have no problem with a broad based scheme that benefits all employees. Good to encourage long term employees in a complex industrial process, churn is terrible when you are after skilled operators. If they end up with shares that aligns them with my interests right?
I am still averaging into the business. Really struggling with working out the ongoing implications of COVID19 but still seems a solid business to me. Should be around in 5 years.
I need to keep analysing as my stake gets bigger but still a really minor part of the portfolio.
-
29-03-2020, 02:38 AM
#1799
Almost at fair value here. That is almost...
Unreal that people don't give a damn about profits, particularly average net profit over 10 years.
-
16-04-2020, 11:22 AM
#1800
A recent news item has NZR pondering giving up refining and just using the facility for storage and distribution of refined products.
In the interests of a smooth transition to the changed realities of the brave new world Marilyn offers an out-there solution.
The refinery was built in the Think Big era to crack sour Iranian crude as part of the then mutton for oil trade.
Why not go back to cracking Iranian Sour? I am sure the Mad Mullahs would sell it cheap for the cash flow.
Of course Nutty Yahoo and the fervent Zionists who surround Donald Trump would be furious. But the key player Donald would be otherwise occupied pushing a cart around American cities crying "bring out your dead".
Boop boop de do
Marilyn
Diamonds are a girls best friend.
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks