ZEL - Z Energy.

[ananda77]

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

[Balance]

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

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

[sb9]

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.

[Balance]

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.

[sb9]

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.

[see weed]

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.

[dreamcatcher]

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

[bottomfeeder]

I'm out today. Last lot sold for $3.61. If takeover goes ahead, we dont get much in divs. Just the price offered by AMPOL. If it falls through, the SP will drop to low $3s. So as I have something else to move into, best get out now. Maybe back in if it all falls through.

[Beagle]

Yeap, I got got bored last week @ $3.62. Happy to leave the crumbs that are left over to others.

[Sideshow Bob]

Z Energy 1HFY22 Earnings - NZX, New Zealand’s Exchange

Z Energy 1HFY22 Earnings

4/11/2021, 8:30 amHALFYRSolid earnings recovery hampered by COVID-19 lockdowns and rising input costs

* RC EBITDAF of $114m up 20% versus PCP of $95m
* Total marketing volume up 11% versus PCP with COVID-19 lockdowns affecting demand in 2Q with Auckland regional volume up 8% versus PCP
* Retail margin compression, especially in 2Q due to rising crude and product prices, offset by Z’s long ETS position in a rising carbon market
* Z Board has entered into a binding Scheme Implementation Agreement (SIA) with Ampol at an overall value of $3.83 per share
* Full year FY22 guidance confirmed of RC EBITDAF between $270m and $310m
* Fully imputed interim dividend of 7 cents per share declared

Z Energy (NZX / ASX: ZEL) today announced its earnings for the six months to 30 September 2021.

Z Energy (Z) reports its earnings on an historic cost (HC) as well as replacement cost (RC) basis. Statutory financial statements are reported on an historic cost basis in accordance with NZ IRFS, however replacement cost accounting is the globally used non-GAAP industry standard to measure financial performance.
Historical cost net profit (loss) after tax (HC NPAT) was $92m for the half year, up 259% from a loss of ($58m) in the prior corresponding period (PCP) primarily driven by rising crude and product prices.

Z reported replacement cost earnings before interest, depreciation, and amortisation (RC EBITDAF) of $114m, up 20% from $95m in the PCP primarily due to increased refining processing volume and improved unit refining margin along with increased C-Store sales and Z establishing a long ETS position in 1Q. Z’s replacement cost net profit after tax (RC NPAT) was $11m, up 158% from a loss of ($19m) in the PCP.

Mike Bennetts, CEO for Z Energy commented, “Z remains focussed on its FY24 roadmap objectives; to optimise the core business, transition the company to a low carbon future and maintain disciplined capital management. Z delivered on its four-point improvement plan against a challenging operating environment from COVID-19 related lockdowns and rising crude and product prices.”

Net operating cash flow decreased versus PCP due to the cash settlement of the CY20 Emissions Trading Scheme (ETS) obligation and increased product prices.

A fully imputed interim dividend of 7 cents per share will be paid on 8 December 2021 with the dividend record date being 19 November 2021.