ZEL - Z Energy.

[JeremyALD]

Pretty clear they are not happy. Report is worded in sauch a way as to imply the matter is actionable. Regulatory risk would be a concern if I were a Z shareholder scalping retail motorists.

http://www.sharechat.co.nz/article/1...tudy-findshtml

Thanks Roger (Beagle), good summary and pretty much what I took out of the report, not really that damning or surprising but does create some uncertainty in the future.

[bull....]

report out as expected a load of ho - hum we dont really know whats happening but it could be bad or it couldnt im not sure whats really happening but you know it could be bad lol.

[Beagle]

Crusher Collins out in the NBR saying Kiwi's are probably paying too much for fuel. This thing probably has legs in an election year.

[Joshuatree]

Sure will; 50 c in every $ of gas is tax.

[Beagle]

Sure will; 50 c in every $ of gas is tax.

and the rest, its higher than that mate including the GST component.

[cyclist]

and the rest, its higher than that mate including the GST component.

Yep. $0.665 excise tax (see here), plus around $0.25 of GST assuming a $1.85 fuel price. Total north of 90c.

[Joshuatree]

Cheers guys. National radio said 50c in every $1 spent (not litre) today prob adds up the same . You'd think the Govt could do the same as the gas stations and have days of tax reduction specials; would be a winner.Hope the Labour govt do it.

[hardt]

Cheers guys. National radio said 50c in every $1 spent (not litre) today prob adds up the same . You'd think the Govt could do the same as the gas stations and have days of tax reduction specials; would be a winner.Hope the Labour govt do it.

Do you mean have state owned gas stations?

[Joshuatree]

Heavens no; happy Z shareholder here.And if one looks at Z's FY ,doesn't look like they're being pigs to me.

[bull....]

Heavens no; happy Z shareholder here.And if one looks at Z's FY ,doesn't look like there being pigs to me.

yes nice big juicy divs and profits to continue, govt's like to play politics with petrol companies they have done it before and they do it again but at the end of the day nothing happens - why they have a vested interest.