Yes that's right, unless Z finds a way to make their fuel drinkable as well
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You wouldn't want to get Cat-O-Tonic eh :)
ZEL continues to plumb fresh multi year lows today, confounding analysts who on average think it should outperform. https://www.marketscreener.com/Z-ENE...098/consensus/
I see shareprice almost in the 4's
Go ex divie or something?
Yes it did.
Yes it sure is and as noted previously they face a number of headwinds. The Governments reaction to final recommendations of the fuel study to be released on 5 December will be very interesting. I wonder if Jacinda will get back on her "motorists are being fleeced hobbyhorse" given that according to ZEL's reporting their margins are under real pressure and return on capital invested is at a multi year low.
And she'll probably take credit for that.Quote:
I wonder if Jacinda will get back on her "motorists are being fleeced hobbyhorse" given that according to ZEL's reporting their margins are under real pressure and return on capital invested is at a multi year low.
;)
Yes, she'll take credit for anything that she thinks will build her political capital.
Meanwhile over at ZEL, the share price plums another multi year low closing today at just $5.03.
Buying on a confirmed downtrend is usually a very risky strategy.
I think this looks like a real value trap. Might find a bottom in the mid $4's but who knows...
Only a couple of weeks to go until we see what Punch and Judy show the Government will try and concoct over fuel margins...
This was one of her most recent rants https://www.tvnz.co.nz/one-news/new-...-being-fleeced
I think we all know who's really fleecing us ;)