ZEL - Z Energy.

**Beagle** · 12-09-2019, 02:56 PM

Originally Posted by winner69

That was Aug 22 — share price 620/630

A lot can happen in a few weeks eh

Yeah it sure can. Let the first half go at ~ $6.40 so average exit not as good as Peat but not far off.
Funny thing Peat is I was just wondering myself the other day when it hit $6.50+ whether I'd let Jascinda's barking frighten me off. Turns out she did me a favour lol
In another ironic and lucky twist I was just chewing it over, over my muesli for breakfast this morning whether I'd made a mistake selling a little while ago and would buy half them back this morning.... so it was quite a timely company update.

You need a bit of luck to go with good TA, FA and CA.

**winner69** · 12-09-2019, 03:08 PM

Bit of a worry this ANZ guy - we missed the GFC and it’s still to hit us

2
11 September 2019
ANZ Global Chief Economist Richard Yetsenga says many small economies have made the same mistake of presuming the financial crisis had nothing to do with them.

He says the reality is it takes longer for the ripples of economic issues to reach small open economies like New Zealand and Australia.

**Baa_Baa** · 12-09-2019, 03:13 PM

Is it a concern to anyone that the SP dropped 30 cents yesterday, BEFORE today's announce? Wouldn't have thought ZEL was leaky but now I have suspicions.

**Beagle** · 12-09-2019, 03:27 PM

Originally Posted by winner69

Bit of a worry this ANZ guy - we missed the GFC and it’s still to hit us

2
11 September 2019
ANZ Global Chief Economist Richard Yetsenga says many small economies have made the same mistake of presuming the financial crisis had nothing to do with them.

He says the reality is it takes longer for the ripples of economic issues to reach small open economies like New Zealand and Australia.

Same guy that predicted we'd be 40p against the Pound by now ? That's quite an ivory tower he lives in...

Originally Posted by Baa_Baa

Is it a concern to anyone that the SP dropped 30 cents yesterday, BEFORE today's announce? Wouldn't have thought ZEL was leaky but now I have suspicions.

You sure it was 30 cents ? From memory I recall it fell about 20 cents and wasn't far out of line with the general market which was down ~ 2%.
Not defending these guys as really they should have updated the market earlier if things are as tough as they're saying...

FWIW I think there's a real chance this goes back down to $5.20 again in due course but the real question is, (if it goes there), does that make it a buy again ?

**sb9** · 12-09-2019, 03:32 PM

Originally Posted by Baa_Baa

Is it a concern to anyone that the SP dropped 30 cents yesterday, BEFORE today's announce? Wouldn't have thought ZEL was leaky but now I have suspicions.

Does appear that way, was rather a large drop y'day from the usual trading pattern.

**freddagg** · 12-09-2019, 03:39 PM

Originally Posted by sb9

Does appear that way, was rather a large drop y'day from the usual trading pattern.

Some of the generators dropped a lot yesterday as well.

**sb9** · 12-09-2019, 03:48 PM

Originally Posted by freddagg

Some of the generators dropped a lot yesterday as well.

True, they seem to have recovered a bit today and no price sensitive news from them either unlike in ZEL's case. That's the difference.

**Baa_Baa** · 12-09-2019, 04:50 PM

Originally Posted by Beagle

You sure it was 30 cents ? From memory I recall it fell about 20 cents and wasn't far out of line with the general market which was down ~ 2%.
Not defending these guys as really they should have updated the market earlier if things are as tough as they're saying...

Sorry, 30 cent drop was an exaggeration, it dropped 29 cents from the previous day close, on no news. Then today happened!