ZEL - Z Energy.

[gbogo]

I wouldn't normally touch a stock in this sector (EVs, Renewables etc) but Jardens have put a $5.00 price target on it (vs $3.00 current market). Their targets seem to often get met quite quickly, so I bought a few. I guess there are some instos taking a quick 10-15c (gross) profit though..

[flyer]

I'm still comtemplating whether to get more under the SPP, at $2.90, it doesn't seem a great incentive given the price is about $3 now as I could buy more once I know the share price is on the rise. This is one of my red arrow stocks, if I knew it would go to $5 in the next little while then yes, it will be a no brainer. Having said that I think we are at the bottom and the only way is up from here.

I live right next door to a Z station and since we went to level 3, the place has been flat out which is a good sign. I think their weekly ops figures are a good indication of whats happening with increases in consumption each week.

DISC: HOLD

[see weed]

I'm still comtemplating whether to get more under the SPP, at $2.90, it doesn't seem a great incentive given the price is about $3 now as I could buy more once I know the share price is on the rise. This is one of my red arrow stocks, if I knew it would go to $5 in the next little while then yes, it will be a no brainer. Having said that I think we are at the bottom and the only way is up from here.

I live right next door to a Z station and since we went to level 3, the place has been flat out which is a good sign. I think their weekly ops figures are a good indication of whats happening with increases in consumption each week.

DISC: HOLD

When do they post out the SPP forms? I thought spp was around $2.75c.

[Cyclical]

When do they post out the SPP forms? I thought spp was around $2.75c.

From a page or two back:

From the SPP notes: "The price of shares offered under the SPP will be the lower of the Placement share price or a 2.5% discount to the 5-day VWAP of Z shares traded on the NZX during the last 5 days of the SPP offer period", which ends 29 May.

[Grimy]

Offer document email came through this evening.

[winner69]

Chris Lee says retail investors got doughnutted in the first round

Obviously has no time for Goldman Sachs

https://www.chrislee.co.nz/taking-stock

[tango]

This article is interesting. Although it’s about the refinery there is a good discussion of the challenges the industry faces. Reading it I am finding it hard to see the value in purchasing more in the SPP.

https://www.newsroom.co.nz/2020/05/1...finery-survive

[flyer]

Share price at $2.93, only 3c above the SPP

[theace]

So how does "a 2.5% discount to the volume weighted average price (“VWAP”) of Z shares traded on NZX during the five NZX trading days up to, and including, the Closing Date (expected to be 29 May 2020)." work? So if the VWAP is $2.85 ... then shares will be allocated at $2.78ish?

[winner69]

So how does "a 2.5% discount to the volume weighted average price (“VWAP”) of Z shares traded on NZX during the five NZX trading days up to, and including, the Closing Date (expected to be 29 May 2020)." work? So if the VWAP is $2.85 ... then shares will be allocated at $2.78ish?

That’s right ...good eh