It looks like they've already gone through the process of upping the bid - from $3.30, to $3.78 so there probably isn't much chance it will go much higher than this point, rather Ampol would walk away and let Z fall back to barely $3 mark (and given the current level 4 lockdown, fuel demand would have dropped off a cliff, hampering earnings this FY).
Agreed. A little opportunistic with the timing, (again not unlike the MET takeover).
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
I'm filling up at Z in more ways than one Cancel earlier comment this morning about BP coffee being the best, hot news off the press is Z coffee turns you into a truly profound investment expert...I'm picking up truckloads at lunchtime
Nothing can go wrong, $5.60 here we come
P.S. I see I need to get a few more to keep up with me ol mate see weed...pretty obvious he's been drinking the legendary Z coffee !
From 9/8/21. Hope you picked truckloads since then. Are you going to sell or wait for next offer? Some other company may make a better offer?
From 9/8/21. Hope you picked truckloads since then. Are you going to sell or wait for next offer? Some other company may make a better offer?
One never holds enough with the benefit of hindsight lol. Wait and see what happens.
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
The attempted takeover of Caltex/Ampol recently was pretty aggressive with improved offers and new contenders coming out of the wooodwork. Covid stopped the final deal
Possibly more interested parties for Z might emerge ….no schemes of arrangement just a hostile takeover.
Hope so
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
The attempted takeover of Caltex/Ampol recently was pretty aggressive with improved offers and new contenders coming out of the wooodwork. Covid stopped the final deal
Possibly more interested parties for Z might emerge ….no schemes of arrangement just a hostile takeover.
Hope so
I'm expecting to see couple more bids to come through in days ahead and hopefully push final bid past $4 mark.
Originally Posted by trader_jackson
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Cancel earlier comment this morning about BP coffee being the best, hot news off the press is Z coffee turns you into a truly profound investment expert...I'm picking up truckloads at lunchtime 
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