ZEL - Z Energy.

[see weed]

Sorry to pour cold water on your enthusiasm, but FY20 divvy is cancelled as per their recent update...

I know...Long term.

[see weed]

Not to forget ZEL have a poor track record of "shocking" the market and messing around with their dividends. Its also a company with very high gearing and is rapidly losing market share, not to forget propping up NZR. Then there's the long term questions. They're huge jet fuel suppliers. How many years before demand for jet fuel returns to anything like what it was ? Will this lockdown change people's driving habits in the future ? Will electric cars start to take off over the next few years ?

Good points....me long term.

[King1212]

I dont personally see the electric cars on the trend now. When u looked at US..they kept buying the oil n store it during the last couple weeks. Why people buying expensive electric cars when the oil is flooded the market n cheaply over there

[sb9]

I know...Long term.

All good, knowing your trading (as per ATM thread), thought you might be in short term, hence the comments.

[Gerald]

Well that's a positive, sales up about +20% from -80% to -60%. Then lock down level 2... level 1... Maybe sales up 70% to 80%. Val Approx $8.50, NTA $6, Dividend 47c when petrol flowing, Div YLD 14%, sp at 10+ year low. Couldn't resist dipping my toe in last week purchasing 2 blocks under $3 and 2 blocks over $3.10c, for long term gain.

NTA is about $0.60, not $6 from FY19.

[BlackPeter]

I dont personally see the electric cars on the trend now. When u looked at US..they kept buying the oil n store it during the last couple weeks. Why people buying expensive electric cars when the oil is flooded the market n cheaply over there

Buying a new car is normally a long term decision (given an average vehicle life span of 2 decades or so).

How long do you think cheap oil will prevail if markets start humming again - no matter whether this is in 6 months or in 3 years from now? Same demand and significantly less supply due to Americas shale oil industry going to the dogs.

I'd think buying a new electric car wold make a lot of sense. Anybody buying a new gas guzzler now will rapidly need to write off their investment when (whether in months or a couple of years) oil prices ramp up again.

[Beagle]

Buying a new car is normally a long term decision (given an average vehicle life span of 2 decades or so).

How long do you think cheap oil will prevail if markets start humming again - no matter whether this is in 6 months or in 3 years from now? Same demand and significantly less supply due to Americas shale oil industry going to the dogs.

I'd think buying a new electric car wold make a lot of sense. Anybody buying a new gas guzzler now will rapidly need to write off their investment when (whether in months or a couple of years) oil prices ramp up again.

I foresee some of these people really getting stuck into sharetank in a month or so when retail fuel prices start to more accurately reflect brent oil prices.

[King1212]

Agreed....sadly....how many people afford to buy electric cars now? 50k the cheapest electric car....I would assume people is using the current cars

[see weed]

NTA is about $0.60, not $6 from FY19.

Woops, I was looking at ASB site...detail... 6.00 witch I thought was $6, must be 6c, my mistake.

[steveb]

Jet fuel prices world wide went up 4.3% for the week ending 17/4,if oil is coming down in price one has to presume margins are going up.Time will tell of course but overall this should be a positive for Z but not so good for airlines who are trying to recover.
However it could just a one week blip!