SP up 56% in the last year and the Com Com don't think this purchase will lead to a lessening in competition in the fuel industry...YEAH RIGHT...someone hand me a Tui..very, very.sad news for motorists.
A Z ORRO Moment; Heigh ho Silv..."CaChing"
$25-$30 mill in synergy savings
19 retail and 1 truck stop to sell.Equal to 17 days per gas station; ComCom on a gravytrain?
Remainder of funding will all be from debt; no cap raise as originally signalled
Guidance 12th May and update in June
Great for holders ; don't know about buying ,Silver has already bolted!
Not really..in certain areas where there is a Gull and then only at certain times... but this will only exacerbate the issue. Com Com perhaps need a reality check ?
Not really..in certain areas where there is a Gull and then only at certain times... but this will only exacerbate the issue. Com Com perhaps need a reality check ?
There definitely is competition but it is patchy as Gull are not nationwide yet. In Hamilton the self-service Gull is 162.9 and here in New Plymouth all the stations are conveniently 187.9 or 189.9. Total rort. Gull coming to Taranaki later this year can't be soon enough.
The Comcom are worse than a wet paper towel - they could learn a bit from the ACCC.
SP up 56% in the last year and the Com Com don't think this purchase will lead to a lessening in competition in the fuel industry...YEAH RIGHT...someone hand me a Tui..very, very.sad news for motorists.
NZ Com Com seem to approve anything that comes their way these days. Gotta question their due diligence/vetting process in some cases.
Well sold on the basis they (the Com Com) would do the right thing..got that wrong..never mind!! Must remember regulatory frameworks don't really work in NZ.
It'll be very interesting to see how the reliability of their diesel engines goes on that stuff. I've had enough issues with bad fuel going into diesel engines to last this lifetime. Just give me the pure oil based diesel and fresh uncontaminated batchs of it at that. Now we're down to ultra low sulphur diesel 10-15 ppm its vastly better than the old days of 3,000 ppm sulphur in the diesel.
Oil doesn't turn jet black in 5 minutes either with ultra low sulphur diesel. Happy to let others be the guniea pigs of that biodiesel.
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