sure do. its a consumer staple they all yelled from the roof lol.
Printable View
Appears CEO total remunaration was $1.8m
In the remuneration they also include this chart
Not only has volume declined, but market share is also in a steady decline.
Although the presentation states that "Z’s average sale price is highly competitive to the most relevant low price competitor", I certainly don't see or experience this across the wider Auckland area south of the harbour bridge. There's always a 1-2 cent saving at the lowest cost competitor after discounts are accounted for. Factor in a Gull discount day and the difference can swing as much as 8+ on the same day for the same fuel.
So long as that remains the case market share will continue to erode.
Market likes the result - yes share price goes up by about the amount of the divie
Just one of those observations over years for no logical reason - share prices increase by size of divie if there isn't any other compelling reason to drive the share price much higher
I'd say market not that impressed with result --- other wise we would have seen a 3 buck plus share price
Don't agree that it is realistic to expect a 3 buck plus share price regardless of the result. That would represent at least a 10% plus gain which would be out of the ballpark - not realistic at this point...
Agree that market share maintenance may be in dispute but only time will tell. Costs are well controlled going forward, jet fuel and diesel volumes can only go up at this point. They also have their own distribution terminals going forward, no longer needing to share wholesale margins with competitors so much.
Also not reliant on unmanned stations to compete with gull, can still make money on full service stations also pending good placement decisions. Works well with multiple payment options available also Z app, Sharetank, Pay by Plate etc - excellent market positioning always up for fine tuning.
This is a very well managed company, pays a good dividend with increasing div outlook going forward and a nice imputation credit.
Am very comfortable with result from a well managed company...
With all dues respect, it's only paying a good dividend if you invested recently.