it will be SFA i reckon.
No, it is Z
it says so at the outlets.
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Dividend went in today. Good returns, if they can keep it up. SP must be recognised as being undervalued.
Only 300 pure electric vehicles being sold in May out of 10,000. I believe this stock has a fair whack of gas left in the tank.
https://www.interest.co.nz/news/1106...ing-larger-and
a little disingenuous to quote the pure electrics only though?
There were 276 new pure electric vehicles sold in May, 120 new PHEVs (plug-in hybrids), and 1,232 new hybrid cars sold in May 2021.
That's a 16% share of all new car sales
I agree though electric car are still struggling and for all the talk we hear about it , few people are putting their money there.
Most popular vehicle FORD RANGER shows style of kiwi vehicle usage.
Yea - I probably should have included them. But my thinking then was that even though a vehicle is a hybrid, they still turn up to a petrol station. Even though this may be occuring in larger intervals to ICE vehicles.
Thanks for the link which encapsulates what is a very interesting current situation in N.Z. with consumers spending like there is no tomorrow.
The range of electric vehicles coming over the next few years from Ford, Kia, the VW group, Mercedes-Benz, BMW, Jaguar, Honda, Tesla and Toyota to name just a few will significantly accelerate the trend towards EV's. Most won't be especially affordable but that doesn't seem to matter all that much to consumers at the moment. The tide is just beginning to go out on ICE powered cars...but I believe the speed of change will significantly accelerate in the years directly ahead and by the late 2020's the change will be really noticeable. In tandem with that the fuel "minnows" which are not so small anymore, will keep persistently growing and eating away at Z's market share.
On top of all that the shift towards hybrid's and plug in hybrids will also mean less visits to the service station for those customers which means less pies and coffee sold.
Its difficult to make progress swimming against an outgoing tide...and its the same with investing.
Meantime we just keep filling up with gasoline. Z has still got lots of time to transition to EV servicing and support. Further as full service Gas Stations will still be required for many many years in the future, and they are not going to do it for nothing, prices at the pump must rise to ensure continuing supply. You think Z are sitting back and not making plans for the future viability of the company. I think you are mistaken if you think that they are just going to roll over and die. Further EV seems to be touted as the future. But that's what they said about steam vehicles, until the Ice came of age. It maybe that hydrogen or other fuel cells will become favoured as the new technology. That said I feel the potential changes looking forward have been factored into the SP, at its current level. Meanwhile a half year dividend imputed of net 5.26 percent will suit me fine. Further it will be a lot longer before aeroplanes go electrical, and let's see you seal a road with electricity. Z is in other industries as well.
Good summery of industry. Imagine Z will purchase their fuel needs from Singapore refineries instead of Marsden. Becoming more price competitive with those "minnows" who run the unmanned truck stops. Z I visit have full retail sales instore with toilets run by one staff on duty.
Barron's shows insto 8x1 increasing shares
6 Buy
1 Sell
Divvie in bank