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Thread: ZEL - Z Energy.

  1. #2611
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    Quote Originally Posted by Joh13 View Post
    Looks as though the market is pricing in a 83% probability that the deal goes ahead.
    Seems that way and sell side volume has lightened up considerably compared to last week.

  2. #2612
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    Looks like its just Ampol only and unlikely any further bids from other parties.

  3. #2613
    Speedy Az winner69's Avatar
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    Z to announce H1 on Thursday

    Kudos to them for being so prompt -- most September ending period companies will dilly dally around and wait until the last week of November
    . To say extreme valuations are “justified” is also to say that long-term market losses are “justified.” .

  4. #2614
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    https://www.rnz.co.nz/news/business/...-island-begins

    imo, that is the future of efficient individual transportation, not diddly electric push-cars. In that respect Ampol buying Z gets the bargain of the century. It's just a pity, Z is so cash strapped, they just sit lstunned like possums in front of head lights

  5. #2615
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    https://www.scoop.co.nz/stories/BU21...-acquire-z.htm

    Commerce Commission clearance application filed, with undertaking to dispose of Gull as expected.

  6. #2616
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    Quote Originally Posted by ananda77 View Post
    https://www.rnz.co.nz/news/business/...-island-begins

    imo, that is the future of efficient individual transportation, not diddly electric push-cars. In that respect Ampol buying Z gets the bargain of the century. It's just a pity, Z is so cash strapped, they just sit lstunned like possums in front of head lights
    Yeah unfortunately in the absence of any competitive bids and big boys incl Board supporting the deal, this is as good as it gets for shareholders.

  7. #2617
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    Quote Originally Posted by sb9 View Post
    Yeah unfortunately in the absence of any competitive bids and big boys incl Board supporting the deal, this is as good as it gets for shareholders.

    Can always invest in Ampol.

  8. #2618
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    Quote Originally Posted by Balance View Post
    Can always invest in Ampol.
    Sure, they're definitely doing very well as per latest quarterly numbers...

    Oct 26 (Reuters) - Australia's Ampol Ltd (ALD) on Tuesday reported a near 71% rise in third-quarter profit on a turnaround at its Lytton Refinery operations and said it expected fuel volumes to recover as COVID-19 restrictions on travel ease. The country's biggest fuel supplier said net profit for the three months ended Sept. 30 rose to A$41 million ($30.60 million) on a replacement cost basis, which excludes the impact of inventory and foreign exchange changes. The Lytton operations posted earnings of A$22 million, compared with a loss of A$82 million a year earlier.
    Chief Executive Officer Matt Halliday said the recent government moves to ease COVID-19 curbs in New South Wales and Victoria were expected to aid fuel demand, while reopening of international travel would be positive for the jet fuel market.

  9. #2619
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    Quote Originally Posted by Balance View Post
    Can always invest in Ampol.
    I prefer to buy ZEL. 10,000 shares in ZEL for $36,100 would give me a div of approx $1,900. If I invested $36,100 into Ampol, that would get me approx. 1,170 shares, which would get me approx $800 in divs. That is just a rough calculation without exchange rate. It is just a bit sad to be selling at this time just before NZ and airlines etc. open up again. One thing I assume, is ZEL must be a much better company than Gull or has more going for it. Could be the baby with an ice cream syndrome.
    Last edited by see weed; 03-11-2021 at 10:13 AM.

  10. #2620
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    If any alternative bid is likely it could happen after NZ opens up and Z returning to full speed

    Holders don't need to approve T/O and do the numbers stack up for acceptance

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