yes this is correct they have slipped back from 32.5 in FY 11 and 12 to 30.4 in FY13
as per page 118
Here's what was said. See bennetts on to the ipo bit ...share ain't anything if it costs shareholders. A large, chunk of z sales are 'commercial' but some of that info is commercial sensitive stuff.
Excerpt from shoeshine
Market share of all products has been declining since about mid 2011 and at about 28% is back where it was when the company rebranded.
However, Mr Bennetts is not concerned about that because the company concentrates on being within a certain band and as long as it has economies of scale it makes money.
“We believe that we are comfortably in that band right now. If we wanted to increase market share we could do that. But we think it would have an economic consequence that would destroy shareholder value.”
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
Exactly.With smaller cars using less petrol,there is no growth in the fuel market.
Just another retailer fighting in a tough market.
I must admit to finding it rather a waste of time when I go to the counter to pay for my petrol, to be asked if I want a coffee or overpriced chocolate bars.
No.!
Exactly.With smaller cars using less petrol,there is no growth in the fuel market.
Just another retailer fighting in a tough market.
I must admit to finding it rather a waste of time when I go to the counter to pay for my petrol, to be asked if I want a coffee or overpriced chocolate bars.
No.!
And the big volume commercial markets look pretty cut throat and low margin.
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.
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