Well, get ready for some spoils as divvy just hit bank a/c.
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Well, get ready for some spoils as divvy just hit bank a/c.
Divie in the bank but still not showing up in Sharesight. Anyone else having the same issue ? Looks like it will needs to be entered manually.
brent oil fallen $7 last week , likely to fall further so will be beneficial for z going forward
My sharesight added....
No more AA Smartfuel loyalty program. Not Z's decision either (AA ended the contract). I feel like that will affect sales at Caltex. What's everyone's thoughts on this?
I think it could have a very small effect. That said N.Z. 's biggest loyalty program Airpoints has just been rolled out at Z and will replace the AA smartfuel program at Caltex so its probably swings and roundabouts and it'll come out close to even.
Obvious there is heating competition between the loyalty programs. Z has been offering the odd day with 3x or 4x Airpoints which I've been taking advantage of. Almost a shame my hybrid doesn't use more petrol to get bigger advantage of the Airpoints offers :-)
Oh well, them is the breaks :-)
For a customer the AA Smartfuel programme is still better. I have ran the numbers. AA Smartfuel's 10c promo effectively becomes 20c under the Z Energy loyalty.
AirNZ Points
2 months under the AA programme, say 20L each time 2x a week that is 16x visits. Obtains $3.20 Airpoints. 3x promo is $10. (Standard is $1APD per 100L of fuel).
Assume every time 10c off, that means 16x visits each 20L = $32.
OTOH the AA programme gets $80.
This is understated since I kept the maths simple ie assuming petrol still is $2.00. Ie $40 fill BP vs AirNZ programme's 20L required.
Sorry I don't follow. Typically the AA rewards gives 6 cpl off. 16 visits for anyone who can be bothered working the system to the extreme, (gosh that's a lot of visits in 2 months) gives 16 x 6 cps = 96 cpl discount at final visit, (assuming you accumulate rewards every visit) but this is limited to 50 L of fuel = $48. I could be wrong but I'm not sure very many people would bother visiting twice a week every week just to earn another $16 in rewards, (assuming you've done your maths right with the airpoints system)
Status with Air NZ is determined by status points earned, not Airpoints dollars earned. The only way to gain status points is to actually fly Air NZ (or an applicable partner airline) or use a credit card that provides you with status points as rewards alongside Airpoints dollars. Filling up on petrol just gets you Airpoints dollars and no status points.
Many families including us have 2 cars.
Generally every week BP/Caltex has a 10c discount promotion. Each of our cars don't visit every week. What we do is when the tank is mostly empty we put in 2x $40 separately then when the tank is 1/3 empty we can top up $40. At the forecourt, you can put in $40 2 times separately one after the next, then you go to the counter and pay for each separately (one after the next). You don't have to pump $40 and go in and pay it, and come back out and pump and pay the 2nd time. Or simply use the BP app.
So 2 cars. 8 week for the 2 months. 16 visits. 10c off per each time. $1.60 accumulated up. Applied to 50L. $80 ($1.60x50).
Edit. Airpoints progamme is $1APD per 100L.
Assuming it's $2/L it's not but assume. BP's 16x visit of $40 = 20L each time times 16 = 320L. This is $3.20 APD. Let's also assume it's ALWAYS 3x Flybuys/APD promo = ~$10.
Z Energy also provides discount at pump 6c usually but let's assume it's 10c. 320L x 0.10 = $32.
$32+$10 = $42..
Realistically with Z Energy they don't have 10c discount that often and don't have 3x Flybuys/APD always. Also with petrol now more at the $2.30L, maybe realistically Z Energy gets you $20-25 discounts for the 2 months?
Okay...thanks for clarifying your methodology to get to $80 rewards per 2 months.
My wife simply doesn't care where she fills up, when the fuel light comes on she pulls into the next petrol station that appears on her route without even a second thought for the pump price or any rewards scheme. I would think there's quite a few motorists that do exactly the same thing. Saves a lot of time and effort.
..........
I can't help wondering how many people actually drive a wee way out of their way to participate in their favourite incentive scheme.
If you then put a price on the cost to motor out of their way on a regular basis including the fuel costs itself and the wear and tear and then out a value on the extra time involved even at say $20 hour to max out said incentive scheme...well I wonder how many people are effectively like a cat chasing their own tail lol
On the other hand there's probably a number of people like Rayonline who have a local BP or Caltex that's really handy and that might have s somewhat competitive pump price because its close to a Gull or Waitomo so the rewards a real if you work the scheme hard enough. I suspect most people are somewhere in the middle and may have a couple of rewards scheme's (like I do) and just choose the most convenient fuel station that participates in one of those schemes that has a competitive pump price on the day... but won't drive out of their way to waste time or fuel to try and max any particular scheme right out to the nth degree.
..........
Staying in a major city yeah ... we get a selection of petrol companies conveniently. There are less and less Caltex now however. The main car is use daily so we just do a quick stop at the petrol station at a time that it is convenient. The other car that is not used frequently we can shift things around a bit, ie I might go to the post office tomorrow instead because there is a promotion running. Our petrol prices are identical in our area.
We don't have a Gull, Upper Hutt in Wellington has a Waitomo too far for us but they are cheaper for a laid back approach, go in anytime. AFAIK Waitomo is 10c cheaper than their nearby BP/ZEL/Caltex but a AA Card's 10c works out to be more like 20c when accumulated up and redeemed.
No extra work for myself. I just manage this inventory (same with food) so I don't waste it, I spend within my means and also have a bit left over for investing. A bit analytical also to max out the scheme can be a bit of fun.
Fair enough mate. I have the AA rewards thing and Mobil smiles. I work both a bit but the Mobil station is closer and more convenient and has a Subway within it and one of those fancy new brushless car wash systems too.
Caltex pulling out of the AA Smartfuel programme at end of July - https://www.stuff.co.nz/business/bus...-from-august-1
More a case of AA dropping Caltex, I think.
After all, Caltex is owned by Z, BP's competition.
Yes , quite right macduffy, so who will be the other fuel partners - Mobil and/or Gull - says will have 300 sites across the country (includes BP I presume)
Not a good look for electric cars...........
https://www.youtube.com/watch?v=AmbHpqWjMVE
Obviously, could have been anything starting this if its not fake ... but yes, battery technology is not yet quite safe (that's where I should put in my pitch for ATC and HPA :)). But no matter how you store energy anyway (be it chemical (e.g. petrol), electrical (e.g. battery), mechanical (e.g. spring) or through location), if something goes wrong than the bigger the amount of energy the louder the bang ...
Cars using conventional fuel like to spontaneously combust as well:
https://www.theclever.com/20-dangero...us-combustion/
... and it might be even a higher percentage of cars than the handful of Teslas which did the trick so far
Low volume price up day, may be the selling pressure eased from one of those big boys?
Decent volume went thro at close at day’s high of $6.18. And couple of parcels of 100k and 180k crossed after market at $6.18.
May be the AUS big boys finished up their selling...
could be . z will be relieved thats over at no cost to them.
These experts think oil demand won't peak until 2035
https://edition.cnn.com/2019/06/24/b...zie/index.html
At today's price, back in black with tiny profit after stripping divvy. Nice :)
might get a bounce into quarter end
bit of downside today must be due to the EV subsidy announcement
lol plenty of time this is what bennett says
This isn't going to kill our core business overnight. This is not a Kodak moment for us - it's part of an overall decline in our core products
https://www.nzherald.co.nz/business/...ectid=12247898
theres always demand for oil not just for fuel but chemicals/plastics.
https://www.stuff.co.nz/motoring/114...like-followers
Pretty much steady as she gos. Just love my divs, extra juicy yield for original holder 's @$3.50 a share:closed eyes:
Z reaffirms FY20 earnings guidance for RC EBITDAF to be in a range of $450 million - $490 million (including the adoption of IFRS16 accounting standards as previously announced) and the dividend to be in a range of $0.48 and $0.54 cents per share."
Z Energy quarterly operating data
Yep, mkt liked it s/p up re 13 c.Folks after that steady yield.
Looks like another big finish for the week coming up...
Nice finish for the week at $6.40.
Absolutely smoking today, safe to assume that the Aussies instos may have all but sold their holdings.
Still a very tidy net yield at closing price, I'm nearly break even $6.70 will do that for me.
Big gains this morning on the back of yield seekers and oil price dropping 5% overnight.
I noticed weekly shop sales up 10% year on year in their most recent presentation.
As time goes by and EV's start to gradually gain momentum at an almost glacial pace I expect Z to install more charging points at their sites so EV owners can charge their vehicles and while they're waiting for their charge they'll be buying ice-creams, snacks and coffee from the Z shop. What the left hand taketh away, the right hand giveth :cool:
52 cps forecast fully imputed divvy at the mid point of forecast 52 / 0.72 = 72.22 cos gross. On $6.70 that's still 10.8% gross yield.
Interesting read. No doubt Z have all this under control.
IS THERE A FUTURE FOR SERVICE STATIONS?
https://www.bcg.com/publications/201...203&redir=true
“Retailers in the future will be able to target each individual and target products and services to that individual’s needs”
Could well have 7 handle in front of sp very soon..
reports out into petrol competition , looks like z will take a hit going forward
Z been screwing motorists for far too long .....hope they get their comeuppance
Not just Z but Z the worst
Shareholders should be proud of their company doing such things to make money ...as long as shareholders don’t think of themselves as ‘owners’ It shouldn’t prick their conscience
The Government take just on $1.20 in total taxes inclusive of GST from over 1.5m Auckland motorists for every liter of fuel sold.
I have been buying fuel lately for a fraction under $2 per liter lately after discounts so the total cost of the product itself has been less than 80 cents.
I think its crystal clear who is the party that's really engaged in blatant highway robbery.
Prime Minister Jacinda Ardern says Kiwis have been "fleeced" on petrol prices for a decade and her Government is "ready to act". Reported in the NZ Herald today.
This is the same who rushed through under urgency the increase in fuel excise on 1 July 2019, that was formerly not due to be implemented until some months later.
The same Prime Minister who promised no new taxes under her term but immediately dramatically increased fuel excise and then had the gall to tell us fuel excise increase is, and I quote, "not a tax". I think that sums the situation up right there.
Lets have a study into how the Governments total tax take from fuel has increased over the last decade !
Prime Minister Jacinda Ardern says Kiwis have been "fleeced" on petrol prices for a decade and her Government is "ready to act".
Asked if she could give Kiwis a guarantee that petrol prices would drop, Ardern said she would give motorists an assurance the Government would not "stand by as they continue to be fleeced".
"It's not right. It's been happening over the last decade. Unlike the last government, we're going to do something about it."
https://www.nzherald.co.nz/nz/news/a...ectid=12260020
ardern reputation on the line over this . well petrol companies profits going down big i reckon now for the big 3
Government now engaged in a plan of what amounts to deliberate obfuscation. Ardern talking already like the report is final. Its only a draft report.
Ardern needs to come clean on the massive increase in Govt taxes over the last decade including new accelerated ones her Govt has introduced under urgency.
where is the actual report?
positives there if you read the Rawlings comments though. Shes not so virulent
"Although Rawlings said competition could be better in the market, she would not go as far as saying consumers were being "fleeced". If competition was working well, consumers would be paying less over time, Rawlings said."
Heaps milder than Jacinda...
She was open to the Government building more infrastructure that could support fuel being imported into New Zealand.
The Commerce Commission's view was that petrol was still going to be around for a long time and it "does not seem like a sensible strategy" to solely focus on electric vehicles.
Nice to know thanks
I dont think this thread should be used as a political platform, we know how politicians blag and end up doing sfa. Chances are this will do diddley squat and this news offers a chance to buy cheaper shares. I sold a third just the other day by chance, and will consider re-entry.
They won't do much because if they do the billions they get every year from grab steal and take, (otherwise known as GST) from fuel will reduce.
GST on increased excise fees is a tax on a tax but according to Ardern increased excise on fuel is not a tax. Is it too early for a Tui ?
They need as much as they can get for all their nonsense climate change aspirations and all the other PC crap that's costing a fortune in wasted money, poor/low income families needing cheaper petrol dont come into the picture. PS-Go and pour yourself a large glass of A2 milk mixed with your choice of alcohol.
Tackling the cost of housing would really help low income families.
Broadening the tax base as is the situation in other countries by Introducing a CGT while Reducing the rate of excise and reducing GST would have helped low income families too. NZ First put a stop to introducing a CGT.
Z's response to Govt obfuscation http://nzx-prod-s7fsd7f98s.s3-websit...450/305709.pdf
Bridges labels Ardern "chief fleecer" https://www.msn.com/en-nz/news/natio...cid=spartandhp
Peat "I dont think this thread should be used as a political platform, we know how politicians blag and end up doing sfa. "
Agree,otherwise we are going to descend back into the the "old " sharetrader. Its been great up until now but here come the usual suspects lowering the bar already.
.
https://z.co.nz/motorists/fuel-pricing/
"A good chunk of the cost of each litre of fuel you buy is made up of Government taxes and levies"
"we earn a net profit of about 3-6 cents per litre across our network"
https://www.stuff.co.nz/business/112...l-vary-so-much
"The (AA) says about half of a litre of petrol is tax."
So the AA has confirmed my point that about half the price of fuel is taxes.
Tax makes up more than half the cost of fuel in Auckland due to the regional fuel levy which itself has GST added on again, so again a tax on a regional roading surtax in addition to GST on fuel excise, another tax on a tax and its the fuel companies that are fleecing us...yeah right ! ...time for that drink.
Price of petrol went up today (at least down this way) ....now that’s sending a message
Funny as
however (following on from my previous post) according to https://moneyonline.cmail20.com/t/r-...-kjkjjulduy-y/ the three largest players do have an advantage , through their infrastructure sharing arrangements, and The Commission proposes opening up the wholesale market for petrol and diesel to allow greater participation by competitors in the infrastructure owned by the three big suppliers.
Sounds like forcing the big boys to share their toys with the little boys.
So there is a bit more teeth in this report than earlier reported. It would appear to be quite sure that there are signs of less than desirable competitive forces in the New Zealand transport fuels market
PS Its not about taxes
It's not about taxes, shame about that cause it should be, address the root cause of expensive petrol rather than scapegoating. Lol
Does anyone else see the irony here ? The same Commerce Commission that now says competition could be better approved the Caltex and Z merger 3 years ago.
https://comcom.govt.nz/news-and-medi...to-divestments
Exactly, but the current government will do everything they can to avoid discussion on the ‘in your face’ 50%+ tax take on every litre of fuel, while diverting the conversation to supposed necessary intervention and manipulating the supply side market which will only achieve fringe savings for punters and thoroughly disenfranchise the industry while blatantly protecting their government income.
This government continues to aggravate business, but business will ultimately win as business drives prosperity whereas government intervention in business success drives normalcy and poverty.
It’s so shallow and disingenuous it would be laughable if it wasn’t so real!
Jeeez you're dragging up the ancient history now w69. He died 30 years ago aged 93 , but yes of religious background (Presbyterian) and Labour, perhaps Jacinda sees him as an idol .
Now that petrol has an ecologically friendly alternative there is even more political justification for taxing it hard.
It's all smoke and mirrors. Let's say Z net margin is comparable to the other players and fairly represents the situation. And let's assume the margin is cut by 50%. That means pump price would be less than 2c a litre doesn't it? Hardly worthwhile to anyone. We all know the greatest cost factor is taxes and that can't be disputed whichever way it's sliced and diced.
I'm just assuming that as a Presbytarian he hated smoking and drinking and taxed them heavily. I understand Jacinda had a Mormon upbringing though may not be in the fold at present.
Perhaps one of the bad things that might come out of the CC is forcing them the 3 larger players to share their infrastructure. It would be a big distraction from core business.
....Not only presbyterians - part of the lifestyle of many religions and non-religious people.
I think big oil is the current whipping post in NZ. Yesterday it may have been Chorus and Telcos in general. Big Supermarkets and Big Building products are in the sights too.
Labour tried to address the inequitable burden of taxation on income earners - but that was stymied with the NZF veto of a CGT. So perhaps now Labour is turning its attention to relieve the burden for those for whom fuel expense eats up a large percentage of their income.
If Labour reduced its GST and excise take on fuel, how would it replace the lost income for government and roading?
I am in this purely for yield so have I have decided to exit my stake at this stage and will reevaluate my position in due course. The political climate is simply too hostile at present and I have noted a breakdown through the 100 day MA. The blatant hypocrisy of this Government with their rampant and repeated increases in fuel taxes makes me almost physically sick.
AIR has a higher yield and is in my view a better risk-reward proposition at this point, (see my post in that thread this morning) and AIR's yield in my view is likely to be more sustainable over the very long term. FWIW that's where I redirected my capital...not much joy fighting Govt, might as well join with them with their majority stake in the airline. I have learned from my gentailier investments partnering with the Govt is much more rewarding than fighting them ! Good luck to holders.
As stated above, I will reevaluate this one down the track a bit.
looks like jacinda has reinforced the downtrend in price. charts should confirm if goes under 6