Quote Originally Posted by trader_jackson View Post
and the raising is to be kicked off at $2.75? I wouldn't pay $2 for the shape Z Energy is in... income uncertain and in recovery mode for the next few years, no dividend now till (crossing fingers) FY22 and dividends unlikely to be as big as they were for a very long time, 6 cent NTA topped off by a terrible balance sheet post capital raising (putting it lightly)
Yep, all of that TJ, all true.....let's just also remember that COVID only affected fuel consumption for 1 week of this reporting period. Z managed to achieve most of this disaster all by this themselves!
This company has got serious and systemic issues way before covid gets layered over it.
interesting that Morningstar have a valuation of $8.30. Maybe they are still at lockdown level 4 and having internet issues.