Thanks, you'd think that statement would require ZEL to make an announcement to the market and a short trading halt.
Its Mike Bennets we're talking about here lol....he'd be long gone to his holiday home many days ago.
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
The world could consumer more oil in 2022 then ever before.......for another purchaser to appear probably need all industries fully operating with borders open
The article states: “Average daily prices at bowsers in Brisbane have skyrocketed 16.5 per cent to $1.75 per litre”. Wouldn’t that be a good problem for NZ motorists to have?
Z Energy (NZX/ASX: ZEL) (“Z”) releases its operating data for the third quarter of FY22 and reaffirms FY22 RC EBITDAF guidance to be between $270m and $310m.
Commenting on the operating data Z’s CEO Mike Bennetts said, “Z’s strategy execution for the quarter was excellent. We have made progress across all four of our organic growth opportunities, in some cases well ahead of the trajectory to our FY24 targets.
Covid-19 related lockdowns in Auckland and other regions throughout the quarter, coupledwith high pump prices due to increased crude oil costs and weaker NZD exchange rates, has reduced retail volumes compared to the same quarter last year,” he added.
Nice to see upward movement in SP with shareholder meeting looming in February or March to approve Ampol offer. To pass half of all shareholders must vote and 75% of them would need to vote in favour of the takeover.
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Originally Posted by Poet
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