ZEL - Z Energy.

[sb9]

Trades 7c CD from today, would that nudge sp closer to 3.70..

[ananda77]

Trades 7c CD from today, would that nudge sp closer to 3.70..

normally sp down over the amount of dividend, but with a T/O offer of 3.83 should not matter anyway, rather, it's now 383 +7 = 390 T/O...getting more interesting

[see weed]

normally sp down over the amount of dividend, but with a T/O offer of 3.83 should not matter anyway, rather, it's now 383 +7 = 390 T/O...getting more interesting

Lets take Ampol out of the picture for a minute or two. What would be a fair price for a company paying a 21c div? At the moment $3.61 gives about 5.8% yld. Beagle might have a better idea at these sort of figures. I also sold half my holding last week, but thought b..ger it and bought them back again out of boredom. If the deal with Ampol happened to fall through, then the sp would fall a wee bit but would soon recover with the div chasers. What would happen if div chasers came in now buying millions of shares and pushing sp up to $3.90c which is still equal to about 5.4% yld. We wouldn't have to worry about the Ampol offer and carry on our merry way collecting nice div every 6 months.

[ananda77]

Lets take Ampol out of the picture for a minute or two. What would be a fair price for a company paying a 21c div? At the moment $3.61 gives about 5.8% yld. Beagle might have a better idea at these sort of figures. I also sold half my holding last week, but thought b..ger it and bought them back again out of boredom. If the deal with Ampol happened to fall through, then the sp would fall a wee bit but would soon recover with the div chasers. What would happen if div chasers came in now buying millions of shares and pushing sp up to $3.90c which is still equal to about 5.4% yld. We wouldn't have to worry about the Ampol offer and carry on our merry way collecting nice div every 6 months.

pity it's most likely not gonna happen since lots seems to just take a sh..t, like in, If the dog didn't take a sh..t, he would have caught the cat...

[Beagle]

My understanding is the maximum interim dividend they could pay without the final price being affected was set at 5 cps so the 7 cent divvy will reduce the final price to $3.81 if this proceeds.

Interestingly the final sign off by directors to convert the Marsden Point Terminal to import only hasn't occurred yet, which is likely to be one of the conditions.

To your question Seaweed.
ZEL is a sunset industry so needs to have a higher gross yield than say WHS at 9% forecast which at least in theory has some growth.

I think this would revert to the $2.50-$2.70 it was before, without the takeover offer, consistent with a gross required yield of about 10% for a sunset industry.

[Poet]

The price to be paid will be reduced by 2c to $3.76 after the dividend is paid not $3.81

[Balance]

The price to be paid will be reduced by 2c to $3.76 after the dividend is paid not $3.81

Correct. That’s my understanding as well.

[winner69]

ZEL sort of expressed frustration as to 'slow'progress in sorting out NZR

October 31 deadline for agreeing how the new model will work has passed with no agreement

[see weed]

The price to be paid will be reduced by 2c to $3.76 after the dividend is paid not $3.81

ZEL should do the right thing and pay the 7c div to the shareholders bank accounts on 8/12/21. Feels like being held to ransom the way they are doing it.

[Beagle]

ZEL sort of expressed frustration as to 'slow'progress in sorting out NZR

October 31 deadline for agreeing how the new model will work has passed with no agreement

I have read a number of articles in very recent days suggesting the Marsden Point conversion to import only terminal is not a done deal.
Some rumblings in Wellington about security of fuel supply amongst other things.
One of the articles https://www.scoop.co.nz/stories/BU21...increasing.htm
Lots of conditions in the takeover agreement. Not an absolute certainty by any stretch of the imagination, (especially with this woke socialist Govt) they will all be met which is why I sold.
I found this article earlier this week quite interesting https://www.stuff.co.nz/business/126...-save-refinery excerpt:- Energy Minister Megan Woods said in a Cabinet paper released on Tuesday there was “not a strong case to support the refinery’s operations on fuel security grounds”. But she said she was open to beginning discussions with Refining NZ on a loan or underwriting deal that could ensure the refinery stayed open for perhaps five or 10 years, citing “broader considerations”.

Is the refinery being shut down a done deal or not ? What implications for the Ampol takeover if talks drag on ?