z being doing nice, reckon margins are very juicy at the moment with dollar up and oil down heaps but petrol prices not falling - nice juicy profits at the moment
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z being doing nice, reckon margins are very juicy at the moment with dollar up and oil down heaps but petrol prices not falling - nice juicy profits at the moment
another fall in oil and rise in dollar looking good margins possibly best ever now I reckon, oil down 10%, nz dollar up 5% last 30 days of course the assumption is not based on all variables but 2 very important ones
Judith Collins saying petrol report due out end of the month.
I'm thinking there say margins appear a little large ( As sometimes thinking of why petrol prices havnt fallen at the pump recently maybe they are waiting for the report and then can say ok look we have dropped them now 5c are you happy )
gull is providing good competition in the market everything is honky dory anyway cant see them saying to much as there tax take will decline.
don't think theres been any adjustment in price of petrol where I live.
Anyway price of oil continues to fall down 20% now
https://www.bloomberg.com/news/artic...s-raise-supply
and the NZ dollar continues to soar so that's why I stand by thinking margins for Z are booming.
petrol report next week, be interesting to see if the big fat juicy profits are to continue
Market not liking the MBIE report...
Didn't really seem like MBIE said that much despite not reading the full report. The recommendations weren't anything major, aside from further discussion and investigation. Anyone else pick up something different from me?
Pretty clear they are not happy. Report is worded in sauch a way as to imply the matter is actionable. Regulatory risk would be a concern if I were a Z shareholder scalping retail motorists.
http://www.sharechat.co.nz/article/1...tudy-findshtml
Pretty decent sized bone for the Commerce Commission to chew on.
report out as expected a load of ho - hum we dont really know whats happening but it could be bad or it couldnt im not sure whats really happening but you know it could be bad lol.
Crusher Collins out in the NBR saying Kiwi's are probably paying too much for fuel. This thing probably has legs in an election year.
Sure will; 50 c in every $ of gas is tax.
Yep. $0.665 excise tax (see here), plus around $0.25 of GST assuming a $1.85 fuel price. Total north of 90c.
Cheers guys. National radio said 50c in every $1 spent (not litre) today prob adds up the same . You'd think the Govt could do the same as the gas stations and have days of tax reduction specials; would be a winner.Hope the Labour govt do it.:sleep:
:DHeavens no; happy Z shareholder here.And if one looks at Z's FY ,doesn't look like they're being pigs to me.
Z back to pre announcement level , just goes to show load of bollocks that report.
collins and bennett at war?
https://www.stuff.co.nz/business/968...t-fuel-margins
maybe why the share price under pressure? guessing shes upset her commissioned report was laughed at by a lot of people
Another falling knife developing?
NPAT up 10% and interim divi up from 9.4 to 10.4c increasing in 19. S/P zoomed back above 60DMA on increasing vol.
"Currently Z has been following a policy objective to increase dividends by 10 per cent per annum.From the start of FY19 this will be replaced by a commitment to pay as dividend 80 - 100 per cent ofunderlying free cash flows (defined as net cash inflow from operating activities less maintenancecapex and principal debt repayments and adjusted for short term working capital fluctuations). "
Z Energy half year results to end of September 2017
nice jump from $7 support
any reason for the latest surge?
still waiting for 8 lol its in the middle ,:confused: petrol margins are fantastic? best ever i reckon
tounched our $8 today up a buck from the bottom so far , lets see if it goes this time
I reckon the Santa and his helpers rally ,timing to take it over the top.:D
Dip due to the earning downgrade .... have been thinking about getting into it ... wonder ~$7.50ish is good enough. Toughts?
Not a company I follow so not prepared to opine in detail but I just want to say that I think in the long run the rate of uptake of electric vehicles might surprise many on here and some of the fuel companies too. An industry in long term systemic decline ?, you be the judge.
It seems to cycle between circa late $6 and $8ish
- with positive sentiment driven by their scale (now with Caltex integrated) in NZ, growing jet fuel product consumption and value services, and changes to dividend Policy (greater payout probability)
- negative sentiment driven by the concerns re 'national' pricing, ongoing Govt potential intervention (SP sneezes when Govt make announcements), EV impacts, competition
They do have their eyes ahead to the future and EV impacts (their JV/investment in WLG on Mevo for example). They do come across as a forward looking Org vs stagnant or head in sand (like SKT, WHS). Personally, I rate their CEO.
We bought an EV, so it sometimes feels weird to be a Z shareholder. We use their charge stations, so I have an interest in how they adapt their business model over time to this technology shift
Disc: I have been buying in on dips and selling out on these peaks