ZEL - Z Energy.

[winner69]

Z say loyalty is key driver of market share ...not pump prices

[Beagle]

You guys have got it all wrong. Mobil have been spending on extensive advertising telling Kiwi's their fuel gives "advanced" fuel economy lol
Even says so on their website so must be true https://www.mobil.co.nz/en-nz/synergy-fuels

"Advanced" is quite a "bold" claim. Online dictionary cut and paste below...I'll leave it for you guys to decide if Mobil are being deliberately disingenuous or whether this is just within the bounds of normal creative marketing but its well worth noting they don't provide any independent studies to verify their "bold" claim.

advanced[ ad-vanst, -vahnst ]SHOW IPA
SEE SYNONYMS FOR advanced ON THESAURUS.COM

adjective
placed ahead or forward:
with one foot advanced.
ahead or far or further along in progress, complexity, knowledge, skill, etc.:
an advanced class in Spanish; to take a course in advanced mathematics; Our plans are too advanced to make the change now.
pertaining to or embodying ideas, practices, attitudes, etc., taken as being more enlightened or liberal than the standardized, established, or traditional:
advanced theories of child care; the more advanced members of the artistic community.
far along in time:
the advanced age of most senators.

[macduffy]

Perhaps I'm biased, as a small holder of ZEL, but I get a lot of chuckles from reading wealthy Sharetrader gurus agonising over a few cents per litre every time one or other of the retailers ups the price!

[winner69]

Been super beneficual to be using Z sharetank of late. Those living in Wellington get Petone prices and get 34 cpl discount on petrol

Suppose Z know what they doing with all their amazing customer data stuff and algorithms

[Davexl]

Been super beneficual to be using Z sharetank of late. Those living in Wellington get Petone prices and get 34 cpl discount on petrol

Suppose Z know what they doing with all their amazing customer data stuff and algorithms

Not reflected in today's share price which could be being dragged down by Aust market and in turn by US on late Friday.

Also Bull had this to say:

from z statement today

The contractual arrangements that Z has with the New Zealand
Refining Company (NZX: NZR) means we havea ‘floor’ in the
processing fee that we pay to the refining company. Third party
forecasts regularly provided toZ estimate that during 4QFY20
refining margins will drop below the ‘floor’ level and may
require Z to ‘top up’the refining company
bull

[bull....]

not surprised diesel sales well down , govt's new taxes on diesel make it more expensive than petrol now

http://nzx-prod-s7fsd7f98s.s3-websit...375/315549.pdf

[Beagle]

Caltex retail petrol sales down just on 20% is quite a remarkable decline given most people have reasonable entrenched habits regarding fuel purchases.
Margin's look under pressure too and refining margin ahs taken a huge hit.

This is the bottom and it gets better from here or is the trend definitely NOT your friend...that's the $64,000 question.

[winner69]

Caltex retail petrol sales down just on 20% is quite a remarkable decline given most people have reasonable entrenched habits regarding fuel purchases.
Margin's look under pressure too and refining margin ahs taken a huge hit.

This is the bottom and it gets better from here or is the trend definitely NOT your friend...that's the $64,000 question.

At least it wasn’t a profit downgrade

But downgrades often follow reaffirmation

FY - I have no idea ...doubt they know either

[BlackPeter]

... given most people have reasonable entrenched habits regarding fuel purchases ...

Absolutely. My habit is to purchase fuel always where I can get it most economically (considering fuel price and cost of access). If possible I try to avoid as well any complicated discount schemes and prefer an honest and good price to rebate schemes with endless conditions attached. I suppose I am not the only one.

[Beagle]

At least it wasn’t a profit downgrade

But downgrades often follow reaffirmation

FY - I have no idea ...doubt they know either

Good they dangle that 40 cps annual fully imputed dividend out there so dividend hounds will be pleased they can get 40 / 0.72 = 55.56 cps gross so at $4.70 that's a gross yield of 11.8% The problem is its literally anyone's guess whether that's sustainable or not.
For what its worth last time I made a foray into ZEL the forward yield was 15% gross. I didn't think I could lose there and didn't.
For the shares to give a 15% yield with the current dividend forecast they'd need to be 55.56 / 0.15 = $3.70

I'm happy to watch this one from the sidelines at this stage.