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Originally Posted by winner69
Sort of says no growth aspirations from fuel except what the market delivers
So it's all about more coffee and muffins and chocolate bars
Winner,
You are spot on. I had 24 years with BP. Retail margins got tighter and tighter after deregulation. Deregulation was needed. NZ had 1 service station per 3000 people which was 3 times the requirement. The dogs have died and are still dying. It has become a coffee/muffins and chocolate business. If you invest in this IPO then you can look forward to a pretty stable but boring return With a little bit of long term downside.....The fat in Service Station retailing has been well and truly removed.
Better opportunities elsewhere.
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Originally Posted by CJ
Having said that, they have turned a $700m investment into an estimated $1.5B so will effectively hold their 40-50% at zero cost.
Tripled their money, not doubled:
http://www.nbr.co.nz/article/infrati...ment-bd-143411
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Member
Will shareholders get discounted fuel?
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Originally Posted by p2r
Will shareholders get discounted fuel?
I very much doubt it - if margins on retailing motor fuels are as slim as we're told they are!
The days of shareholder discounts belong to another era - most companies these days are giving priority to attracting the big institutions to their share registers. Loyalty card schemes are used to "reward" customers. OK, WHS offers shareholders a special discount on occasions but they seem to be the exception and it's not a 365 days a year arrangement. So, no.
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Originally Posted by p2r
Will shareholders get discounted fuel?
Maybe a one off sent out with AGM invite (like KFC) but not on a regular basis. Too hard to keep track of those trading in and out.
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Originally Posted by CJ
Maybe a one off sent out with AGM invite (like KFC) but not on a regular basis. Too hard to keep track of those trading in and out.
More like a voucher for a coffee and muffin - that's where the future is
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Member
Originally Posted by macduffy
The days of shareholder discounts belong to another era - most companies these days are giving priority to attracting the big institutions to their share registers. Loyalty card schemes are used to "reward" customers. OK, WHS offers shareholders a special discount on occasions but they seem to be the exception and it's not a 365 days a year arrangement. So, no.
HNZ offers shareholders 25 basis points on top of their advertised term deposit rates.
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Originally Posted by luigi
HNZ offers shareholders 25 basis points on top of their advertised term deposit rates.
That's probably no different to what they are allowed to negotiate anyway.
I have a big discount off my floating mortgage and didnt need to be a shareholder to get that. Having said that, it would be nice to get it automatically rather than have to negotiate/threaten to leave to get it.
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Banned
Anyone have any idea how easy it is to get a firm allocation of these? Are they in short supply, or are brokers struggling to find homes for them?
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Originally Posted by bunter
Anyone have any idea how easy it is to get a firm allocation of these? Are they in short supply, or are brokers struggling to find homes for them?
Have registered with ASB but am not hopeful.
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