Now looks better than ever at current prices. The vaccine is doing its job therefore jet fuel sales will probably resume soonish
Disc, bought extra on Friday
Printable View
Now looks better than ever at current prices. The vaccine is doing its job therefore jet fuel sales will probably resume soonish
Disc, bought extra on Friday
Well before then we will see petrol and diesel sales starting to fall off due to EV's. In the meantime the minnows with their cheap unmanned stations will keep steading eroding Z's market share, year after year after year. Its just too hard to swim against an outgoing tide.
Way I see it only way forward is a complete revamp of business model. Similar to fuel stops in Asia, Z had the potential to leverage longish EV 'refueling' times to services such as children's playgrounds, entertainment, decent resturants, and maybe shopping. Imagine... You plug in your car and order your food. Food service timing is linked to charging times on your vehicle etc.
Risk is that this becomes the domain of malls etc and that petrol stations as we know them become obsolete.
I couldn't agree more re this company and I must admit I'm still holding hoping for a break even.
Their current add with a geriatric biker promoting their easy payment system leaves a lot to be desired. Motor bikes don't take great volumes and if it's pay as you go there's no add on whatsoever.
Z would be far better off showing a forecourt of boy racers, motorhomes and trucks with a bit of buzz rather than the current version.
COME ON Z..... LEAD THE WAY ON VOLUME AND ADD ON... YOUR SHAREHOLDERS WILL BENEFIT!
It's an interesting concept. IME one issue we had when investigating installation of a EV charger at a commercial property we own that contains a hospitality business, was that other sites similar to what we planned had found customers tended to buy a low-priced item and sit there talking for 1hr or more, thereby negating the churn required for the hospitality business to make decent profits. Add into the cost upgrading the road-side transformer (which would cost $250K for a 400KVa unit and we were required to pay 90% of that) and it became a non-starter for us.
Interesting observation today 1 punter bought 8,576,477 Zel shares equaling $24 million and maybe not finished. They have put their money where their mouth is. Question for the smarties why would they do that. Just chum change or pin money or something else didn't even ask for a discount ?