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Thread: ZEL - Z Energy.

  1. #2631
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    Quote Originally Posted by see weed View Post
    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.
    Correction to the above. I have just talked to ASB Securities, Z Energy and Link Services. Apparently ZEL shareholders will be paid out 7c div. on 8/12/21.
    Last edited by see weed; 05-11-2021 at 11:14 AM.

  2. #2632
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    Quote Originally Posted by winner69 View Post
    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
    You would be better off backing the racehorse Dundeel for a done deal.

    When he goes to the service station, he gets paid $66000 per service.

    Nice work if you can get it!

    Speedy as, too.
    ,
    Last edited by Getty; 05-11-2021 at 11:09 AM.

  3. #2633
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    When is the Independent Report due

    Probably say fair range $3.50 to $3.90 so all hunky dory
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #2634
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    I'm sure an announcement will be due soon. RNZ strategic review outcome was to convert to a terminal, with overwhelming ratification by it's share holders. There is no other direction for them. Throughout the entire review Government has put up absolutely no resistance.

  5. #2635
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    Quote Originally Posted by Yeet_Shares View Post
    I'm sure an announcement will be due soon. RNZ strategic review outcome was to convert to a terminal, with overwhelming ratification by it's share holders. There is no other direction for them. Throughout the entire review Government has put up absolutely no resistance.
    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”.
    Tuesday refers to this week.
    Government are certainly muddying the waters, maybe they will appoint a working party
    This isn't over until the fat lady sings. It would be a good look for Govt (and my goodness don't they need some good news) if they secured our ability to refine fuel and thwarted a takeover of the N.Z. company on national security grounds.
    Takeover could also be declined by Overseas investment office on any number of grounds...keep in mind that these bureaucrats are not immune to the extreme left leaning political climate which we currently endure.

    Takeover thwarted and back to $2.70 ?
    Last edited by Beagle; 06-11-2021 at 09:29 AM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  6. #2636
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    Quote Originally Posted by Beagle View Post
    Tuesday refers to this week.
    Government are certainly muddying the waters, maybe they will appoint a working party
    This isn't over until the fat lady sings. It would be a good look for Govt (and my goodness don't they need some good news) if they secured our ability to refine fuel and thwarted a takeover of the N.Z. company on national security grounds.
    Takeover could also be declined by Overseas investment office on any number of grounds...keep in mind that these bureaucrats are not immune to the extreme left leaning political climate which we currently endure.

    Takeover thwarted and back to $2.70 ?
    I only wished you told us that before you sold your shares.

  7. #2637
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    Quote Originally Posted by see weed View Post
    I only wished you told us that before you sold your shares.
    Its only just come out this week mate. I may have got a bit lucky.
    Last edited by Beagle; 06-11-2021 at 10:12 AM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  8. #2638
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    Quote Originally Posted by Yeet_Shares View Post
    Throughout the entire review Government has put up absolutely no resistance.
    Is that faint noise the sound of government issue flip-flops coming down the corridor? This lot are going to desperate to get something actually accomplished, for better or worse other than breaking Auckland, before the next vote comes around.

  9. #2639
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    It's not going to happen, theres no appetite nor justifications to keep it open. Even now when it's probably making some money due to higher margins it'll still close down. In addition, It's closure will conveniently align to governments direction on reducing carbon emotions + return a heap of unused power back to grid further reducing carbon emissions. There may even be some excess power to charge your EV without burning coal.

  10. #2640
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    Sold out completely on results day after listening to investor conf call, did not find any compelling reason to hold further.

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