Did Shell really sell that cheap as I dont see the changes that have been made justify a doubling in value.
they have completely rebranded. and increased market share. They've definitely added value.
I haven't read the doc all through yet either , but couldn't find a EPS history.
The difference between ROC and HC seems to become a bit of a mountain out of a molehill.
Shoeshine in NBR had an interesting piece a week or so headed [B] Z Energy vamps its numbers but do they add up?[\b]
Think he was saying the accounting was all too confusing ....and was interested if z could increase the number of coffees from 30000 a week to the 170000 a week that bp sell
The CEO did tell him that share is back to where it was when they took over from shell
Shoeshine in NBR had an interesting piece a week or so headed [B] Z Energy vamps its numbers but do they add up?[\b]
Think he was saying the accounting was all too confusing ....and was interested if z could increase the number of coffees from 30000 a week to the 170000 a week that bp sell
The CEO did tell him that share is back to where it was when they took over from shell
they would need to do coffees etc like bp to get anywhere near that
yes this is correct they have slipped back from 32.5 in FY 11 and 12 to 30.4 in FY13
as per page 118
Here's what was said. See bennetts on to the ipo bit ...share ain't anything if it costs shareholders. A large, chunk of z sales are 'commercial' but some of that info is commercial sensitive stuff.
Excerpt from shoeshine
Market share of all products has been declining since about mid 2011 and at about 28% is back where it was when the company rebranded.
However, Mr Bennetts is not concerned about that because the company concentrates on being within a certain band and as long as it has economies of scale it makes money.
“We believe that we are comfortably in that band right now. If we wanted to increase market share we could do that. But we think it would have an economic consequence that would destroy shareholder value.”
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