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Thread: Z Energy IPO

  1. #1171
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    Z and BP won't reverse price rise on Wednesday despite oil price drop

    Z chief executive Mike Bennetts said when it increased its prices on Tuesday it "didn't reflect all of the increase in the price of the barrel, as we had planned to move the price by 3 cents on that day anyway".

    "We took on the other 3 cents because we know it's hard when prices go up so we wanted to keep it affordable as we could," he said

    https://www.stuff.co.nz/business/115...er-inventories

    probably why the price was up today extra profits from the price increase
    bull

  2. #1172
    ShareTrader Legend Beagle's Avatar
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    Z chief executive Mike Bennetts said when it increased its prices on Tuesday it "didn't reflect all of the increase in the price of the barrel, as we had planned to move the price by 3 cents on that day anyway".

    "We took on the other 3 cents because we know it's hard when prices go up so we wanted to keep it affordable as we could," he said.
    WTF ????? Not only does this not make any commonsense it looks very much like duplicitous propaganda.
    They just can't seem to stop shooting themselves in the foot.
    Time to switch to Gull.
    P.S. Local Mobil this evening had reversed the 6 cent increase earlier this week and is running a 10 cent discount day.
    $2.05 for 91 Octane is not too bad inclusive of the thievery Auckland transport levy of 11.5 cents per liter and all the other Government taxes and levies.
    Last edited by Beagle; 18-09-2019 at 06:40 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  3. #1173
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    I drove to Welly and back today and saw 241.8c in Pauatahnui, and it wasn't from a Z
    But its only 202 in Whanganui. Driving down this coast what I notice is that the prices are so variable. Even in the same town there is a lot of variation ,(though not as much as in different towns)
    I'm seeing about 6c variation for the no frills option , Gull is cheapest and then Z and the others are a couple of cents dearer even after any discounts that may be available.

    I think the competition is actually quite tight most places but where it isn't they screw ya. I don't know enough about it to suggest a solution but surely it doesn't cost 40c a litre to move fuel from Whanganui to Pauatahanui
    For clarity, nothing I say is advice....

  4. #1174
    ShareTrader Legend Beagle's Avatar
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    Gulls CEO calls other fuel companies "jumping the gun and being over the top". That's fighting talk for someone who's usually fairly conservative.
    https://www.msn.com/en-nz/news/natio...cid=spartandhp
    Wonder if Jascinda has noticed the $2.40 per liter rort right on her doorstep in Wellington ?
    No decent ports there so transport costs must be "astronomical" and that must explain the huge prices right ?
    Last edited by Beagle; 18-09-2019 at 06:59 PM.
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  5. #1175
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    Quote Originally Posted by Beagle View Post
    Gulls CEO calls other fuel companies "jumping the gun and being over the top". That's fighting talk for someone who's usually fairly conservative.
    https://www.msn.com/en-nz/news/natio...cid=spartandhp
    Wonder if Jascinda has noticed the $2.40 per liter rort right on her doorstep in Wellington ?
    Jacinda has a chaffuer ......wouldnt have a clue how much fuel costs.

    She might bring it up with Donald next week though
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  6. #1176
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    Z and BP come in for sharp criticism from the AA as well https://www.stuff.co.nz/business/115...-difference-aa
    Gull looking to muscle in on the massive Auckland Jet fuel market. http://www.sharechat.co.nz/article/3...w-entrantshtml
    Last edited by Beagle; 19-09-2019 at 08:50 AM.
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  7. #1177
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    Quote Originally Posted by Beagle View Post
    Z and BP come in for sharp criticism from the AA as well https://www.stuff.co.nz/business/115...-difference-aa
    Gull looking to muscle in on the massive Auckland Jet fuel market. http://www.sharechat.co.nz/article/3...w-entrantshtml
    The AA guy is all talk . They have a fuel discount scheme with one of the majors do they ever do any of their members a favour ...... NO .
    So as we know where Gull & Waitomo have gone , within close proximity the majors compete ....But further away you still get stuffed .
    Time the AA backed the little guy and rewarded all their members with a decent scheme with a company that wants to actually deliver a decent result to the consumer IE : Cheaper fuel.

  8. #1178
    ShareTrader Legend Beagle's Avatar
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    Fair enough and I agree, he's all bark and no bite
    Pretty good dead cat bounce today. MEOW
    Last edited by Beagle; 19-09-2019 at 03:10 PM.
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  9. #1179
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    That dead cat has had another bounce today. Must have a bit of Snow Leopard in it, seems to have bounced pretty good.
    Think I'll still wait for the Taxcinda steamroller though to flatten things down again.
    No butts, hold no mutts, (unless they're the furry variety).

  10. #1180
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    Quote Originally Posted by Beagle View Post
    That dead cat has had another bounce today. Must have a bit of Snow Leopard in it, seems to have bounced pretty good.
    Think I'll still wait for the Taxcinda steamroller though to flatten things down again.
    Z Energy rose 0.9 percent to $5.55 on a volume of 2.3 million shares. The fuel retailer has been recovering having shed as much as 19 percent during the course of a week after it issued a profit warning on unprecedented discounting by its rivals and as investors weighed up the impact on fuel prices of recent attacks on Saudi Arabian processing facilities.

    THE EXCITING PART OF THE STORY

    "It's got down to a level that gets yield investors really excited," Williamson said. Z is trading at a gross dividend yield of about 10.9 percent

  11. #1181
    ShareTrader Legend Beagle's Avatar
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    I don't think much of his maths capabilities.
    Company guidance is 48-50 cps in fully imputed dividends, mid point 49. Grossing 49 up for imputation credits = 49 / 0.72 = 68.06 / 555 = 12.3% Gross yield.
    With all the issues the company is facing that I've previously alluded too, that's not enough to get me back on board at this stage and I will need to see the company de-risked in terms of the conclusion to the fuel price enquiry and the jet fuel storage and supply situation at Auckland airport.

    I also think the CEO is doing a superb job at shooting the company in its foot with his recent public relations double speak.

    I think its clear enough the minnows are very gradually nibbling away at their market share and compounding the long term headwinds is the very slow, (albeit at glacial pace), but inexorable shift to electric vehicles. These things must be factored in when looking at yield.
    I leaned my lesson with sunset industries with relying on the yield of NZME and others have learned this very harsh lesson through SKY.
    Last edited by Beagle; 22-09-2019 at 08:11 AM.
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  12. #1182
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    Quote Originally Posted by Beagle View Post
    That dead cat has had another bounce today. Must have a bit of Snow Leopard in it, seems to have bounced pretty good.
    Think I'll still wait for the Taxcinda steamroller though to flatten things down again.
    InkedZEL_LI.jpg

    Beautiful gap for people who like to play them, but not for the fainthearted. Overall trend pointing downwards - and while the share might be at this stage a plaything for traders, it appears to be quite risky for long term investors.

    Not my cup of tea ...
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    "Prediction is very difficult, especially about the future" (Niels Bohr)

  13. #1183
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    https://www.stuff.co.nz/business/116...ation-closures

    Mark 5 December 2019 down in your diary as the date the Com Com come out with their final report.
    Then the grandstanding by Jascinda after that in her usual way to try and tell us that fuel companies are fleecing us when its perfectly obvious who is really fleecing us.
    This one is a real political hot potato with an election next year. Regulatory risk is something that I think one ignores at their peril...
    No butts, hold no mutts, (unless they're the furry variety).

  14. #1184
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    At least have the decency tospell her name right.
    Both govts have added fuel taxes pretty well equally and its user pays for you jafa's , fair enough too.Too many years of not enough infrastructure and roading spend is all coming home to roost. health , housing, environment , water.as well.This govt is having to take on the lot due to past do nothing govts

  15. #1185
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    My review of fuel excise levies shows National's rate of increase broadly matched the inflation rate in the previous nine years, (no real increase in inflation adjusted terms), whereas Labour have dramatically upped the ante since they got into power under the auspices that fuel excise increases are not tax increases. Time for a Tui eh JT
    No butts, hold no mutts, (unless they're the furry variety).

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