A nice juicy big dividend of 14 cps fully imputed totalling 19.4cps credited yesterday by the ZEL team, payable beginning June. Thank you Thank you team.
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A nice juicy big dividend of 14 cps fully imputed totalling 19.4cps credited yesterday by the ZEL team, payable beginning June. Thank you Thank you team.
might make new lows soon
Good news for Z Energy agreed terms for ITS. Also paying not a bad projected div of about 7% to 8% yld. on sp of $2.62c.:)
Had a wee look at the NZR announcement. So opaque and very hard to get excited when they're ostensibly trashing the last major lot of capex investment only very recently undertaken.
As for ZEL, its hard to get excited when you know Gull are direct importing refined fuel from some of the largest and most efficient refineries in the world and ZEL are stuck paying processing fees for an outdated and probably relatively less efficient refiner that's now been reduced to a logistics operator. None of this gives off the smell of a good feed to this dog, (get nauseous just thinking about investing in their smelly old industry). Avoid the whole sunset sector is what I'm doing.
Thieves, and the fat-fingered, cause grief for Z's Pay by Plate
https://www.nzherald.co.nz/business/...WIQCJ4DA5STOA/
lol how dumb , drive - offs are already a big problem in petrol stations and they go ahead and make it easier
I didn't mean to suggest that ZEL is not a good investment, just the opposite. Vehicle service stations are here to stay. Adaption is the key. The supply and demand of what ever will be required will set the price which incudes a profit content. The current low SP just amazes me at the moment. Is this a dump before the pump.
"My thoughts are similar to a number of people who have commented subsequently…
The change out to a full EV fleet will take decades. There are 4m cars in NZ give or take and in a normal year around 150k new cars sold. Even if every new car sold into NZ from this year was an EV it would take 25+ years to change the fleet out. This will happen over a long period of time. Also given NZ is a wafer of world market share and we are a RHD (right hand drive) country in a world dominated by LHD…we typically are bottom priority of any production allocation decisions."
The above quote is from Todd Hunter CEO Turners Automotive posted #6778 on TRA thread. There is currently 300 approx brand new EVs registered each month....will take over 1,100 years to achieve full EV fleet
that dividend is soon to be eaten up by capital loss ?
Hi Beagle. I still have a petrol fueled vehicle and don't mind paying a couple of cents more for petrol from Z. Since being a shareholder of ZEL will only go to Z outlets, if possible, to support the company I invested in. How many people on sharetrader still go to a petrol station to full up their tanks? Am getting a nice big fat 14c div next Wednesday.
Still petrol powered cars here mate. Hope you're doing okay. 378 liter tank in this :eek2:
I and most people I know go gull or the cheapest on the day ,even though my shares are with a company that is their rival I cannot justify me paying an extra 5 -10 cents per liter potentially benefiting my share price, & financially it is a more sound investment rather than propping up a company that I have shares in.
20c difference around this town today between Gull and Z ....
thats a lot to be screwin people - you think they wont notice?
Gull had their discount day until midday today, which could explain the big difference.
I also notice that when they do these big discount days that the stations have too many people and it is just aweful.
Highly recommend the z share tank. Try buy big at a cheap station around the country then it doesn't matter where you go. Still got 200 litres at $2.05 for 95 from a few months back. Probably bad for my shares though...
Who owns BP and Gull, and can I buy shares with them? Z Bombay has nice pies and clean toilets. If Z is 5c dearer that means I pay an extra $2.50c to full up every 2 or 3 weeks, but I don't drink coffee to go every day which over 2 weeks would be $56 at one coffee a day:D.
A good job you do not drink coffee see weed as it would be wild bean everyday see weed its goody stuff ,I go everyday and fill up at gull .
Well around my way GAS, Z and Mobil all 2.25.9, and Pak'n'save is 2.12.7 before any discounts - all nearly within a stones throw of each other, about 2k's away but closer to me than the others (not by much) Caltex at 2.18.9
I think Mobil supply this Pak N save
At least Z is NZ owned.
Though in general moving away from importing fuel from overseas "regimes" and using local clean energy makes good sense long term for many good reasons.
If you go to a manned Gull site on a discount day they also hand out vouchers for 2 x $5 off $50 and $3 off $30 valid for about 3-4 weeks. For me that's a $4.50-5.00 discount on the day and a further $8-10 at the next fill depending on which vehicle I'm driving. That's on top of the usual 1.5-2.5cpl difference to the nearest Mobil and Z after the loyalty programs are factored in.
I wonder what the average weighted discount liability of Sharetank purchase/balances vs current retail price is? How much are Z having to recognise in the accounts for the value of pre-purchased fuel that eventually has to be replaced at current market?
Lucky I don't use any of these....I fill up with my tap water...
Waitomo Group will run a full-service flagship Waitomo Fuel Stop at the superhub, accessible from the Waikato Expressway via the Ruakura Interchange
https://www.stuff.co.nz/national/125...akura-superhub
moving into the big time
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
That...and there just is not enough stuff on this planet to make all the electric cars that will be needed. Then think about all the transmission line upgrades...substations...house wiring upgrades...physical time it takes to get the electrons into your battery...this is just a no goer.
I don't want to rain on people's parades, but yeah, what the idealistic types in Wellington are trying to sell us just is not there. In the mean time, I'm super excited about the technology we are seeing, and milking the energy companies at every opportunity, especially while they are out of favour...
Good Returns 4/6/21. Z Energy rose 2.7% to $2.65c today. Forsyth Barr analysts pointed to the stock as one of the earnings season success stories, with the stock outperforming the market by as much as 10%.
I dont fully understand why full service stations would encourage customers to use pay in car apps or pay at pump eftpos. Today after 5pm the only way to get gas was pay at pump(at a non zel station). Because I needed food and drink for the long drive home I went inside the shop for pie and pepsi. But I almost did not bother with the extras, I could have got back in my vehicle, saved money, time and waistline
https://www.nzherald.co.nz/nz/the-fe...T5NPQTOWJ3AAE/
Taft time for Zel's future
It's hard not to like Seymour when he comes out with assessment of the emissions from the
Zombie excuses parked up on the opposite side of the house:
Quote:
"The people who benefit will be higher-income earners who now don't have to pay as much for a Tesla. We don't think it's fair to make tradies pay more for a Hilux so wealthy executives can get a discount on their next electric car."
Act leader David Seymour also said the 'feebate' scheme amounted to "taxing the tradies to subsidise Teslas."
Under the scheme, somebody buying a $75,000 Tesla Model 3 EV would get a $8625 discount – although the higher-end Tesla and electric cars which cost more than $80,000 do not qualify for it.
A farmer buying a Toyota Hilux would be stung with a $2,900 fee.
Seymour said it amounted to a new tax on tradies, farmers and others who needed bigger vehicles for which there were limited or no electric vehicle options. He said that would include those with large families.
"The social justice wing of the Green Party should ask why the party is prepared to tax people who drive cheap, reliable cars, just so the well-off environmental wing can buy a Tesla."
He said drivers of petrol cars already effectively subsidised electric car drivers through petrol taxes, the emissions trading system tax, and road user charges.
Cry me a river.
Its nessesary to push change by putting charges onto higher emission vehicles in order to get people to look at evs or less emmission vehicles.
I hear a lot of inaccuracies about electric cars which are not true.
Your just lucky I'm not in power or everyone would be crying about the extra taxes I'd put in.
First one would be a tax on all housing. Regardless if it's your family home. Only way to close a loop hole is tax everyone
Mike Hosking would be ****ting bricks.
Lol
I can really see Crumpy enjoying taking an EV for fast spin up the mountain ;)
More likely a bigger splat on the way .. then it probably wont go ..
Bu99er or it's properly bu99ered .. ;)
All these focused folk who like the EV discount still buying stuff from the land of 1200 million ? ;)
can't be many that aren't or wont be - will there
The bad news: - you're still aiding & abetting real bad emissions levels until such time as
Leaders up north stop playing tiddlywinks on their emissions levels .. ;)
I don't think EV or otherwise will make a lot of difference to TRA or other secondhand dealers
There's still lots of biz likely for some time for Z ahead too ..
The likely market for EV's probably suggests they're up for a fair share of urban dings, crunches
and crumbles.. Most will regard them as toy cars - many looking for the Petro etc
Maybe Labour's next budget may include a 100% subsidy for all Bene's to change over,
but frankly will that happen ? .. the free house promised for everyone has still yet to materialise ;)
A lot of value depreciation will be lost between first few sequential owners
then what .. what needs replacing after a certain distance - battery or what else ? ;)
I think that tax should be on every real estate sale, houses, farms and all commercial. No exceptions.
Its not so get over it. And its interesting how there are people who complain about house prices increasing but also gloat about their gains from gold, crypto and shares. They also demand bigger and bigger paychecks for the same work and think its in isolation. Not saying you do that Waiuta
When we have all battery vehicles and no petrol vehicles, how many millions of petrol tax dollars going to be lost. Will they start taxing EVs?
No new taxes seeweed
Always new taxes, maybe not today or next week.
Ev feebate will affect service stations, but ZEL, has already had that factored in the SP. Let's see Boeing or Airbus put a decent size E plane in the air. Still other parts to ZEL business. Opportune time to buy more ZEL, when the SP, hits rock bottom soon.
Moves announced on the weekend will speed up the shift to EV's whether ZEL shareholders like it or not.
From 1 July 2021 you can get a brand new small SUV EV for just on $40,000 after the EV rebate complete with 5 years warranty, liquid cooled battery with an 8 year battery warranty with guaranteed residual of 70% battery life after 8 years. e.g. https://mgmotor.co.nz/models/mg-zsev/
Its a game changer whether ZEL shareholders want to admit it or not. The speed of the outgoing tide affecting ZEL is set to get faster and faster as more and more manufactures release more and more EV's that after taking into account the Govt incentive and much cheaper running cost make more and more sense to increasing numbers of Kiwi's.
Wonder how all those voters with on street parking are feeling, they’ll be a rush on extension leads in Wellington.
I reckon there’s a fair few years left in petrol, especially with medium density housing developments with a single garage (usually stuffed with stuff) and 2 cars.
Guaranteed maximum of 30% battery depletion after 8 years and 160,000 km's has become best practice industry standard since Jaguar introduced it with the I Pace. I would say most petrol car engines are more than 30% "used up" by that point.
Longer is available with the new Mercedes Benz EQS which is their new electric version of the S Class but at a very different price point ;)
10 year and a whopping 250,000 km's and guaranteed no more than 30% battery depletion after all that time and distance, now there's a new standard for ya, got a spare $200,000 later this year ?
Guaranteed maximum of 30% battery depletion after 8 years and 160,000 km's has become best practice industry standard since Jaguar introduced it with the I Pace. I would say most petrol car engines are more than 30% "used up" by that point.
Longer is available with the new Mercedes Benz EQS which is their new electric version of the S Class but at a very different price point ;)
10 year and a whopping 250,000 km's and guaranteed no more than 30% battery depletion after all that time and distance, now there's a new standard for ya, got a spare $200,000 later this year ?
Sometimes st is so slow, it tricks you to putting in two identical posts. it did that to me last week. Beagle do you have any idea of new battery cost for an ev, or would it be better to buy a new ev every 6-8years. ps if the next ZEL div is 7c plus last div of 14c, that is 21c for the year which is a bit over 8% yld. at $2.56c. I think it will take a few years to phase out pvs..... cars, trucks, boats, planes, tractors, bulldozers, graders, and lots of others I can't think of at the moment.
Hi see weed.
Each vehicle manufacturer should be able to quote you the price of a replacement battery now, (at the time you are considering purchasing the car) which will vary a lot based on the size of the battery and the materials encasing it. Perhaps more important is what is the future replacement cost likely to be ? I saw an interesting presentation from Ford the other day on expected battery costs and they are expecting the price to go down from (and this is from memory) about $U.S170 a Kw/hr now to about $U.S.90 Kw/hr in the next decade. How much of those cost savings will they pass on ? I would suggest they will apply opportunistic pricing to any spare part of an EV, especially the battery so I would suggest, very little, if any.
One is best to consider the price of a replacement battery as quoted by the distributor at the time of purchase as unlikely to decline by much.
Expected battery life. Now there's a real can of worms. For what its worth here are my thoughts.
1. Look closely at the guarantee. The industry standard is now 8 years and 160,000 km's with a guaranteed minimum residual capacity of 70%.
2. Get as much technical detail as you can about the cooling system of the battery and the EV motor(s). If they're running a really good liquid cooling system you might get significantly longer than 8 years useable life from your battery.
3. Think carefully about the real world range and ask yourself is that practical for my purposes as the battery gradually loses capacity.
That vehicle I posted a link for yesterday is quite possibly a game changer for urban users. At just a smidge over $40K. Claims of range of over 300 km's in city use, 8 year battery warranty with minimum 70% residual means even after 8 years it will be doing around 200 km's, (which is heaps for city use) as a guaranteed minimum which suggests a useful life of well over 10 years, perhaps as much as 15 years.
I’m not a ZEL shareholder, but I think they are showing potential and are the closest of the petrol retailers in embracing electric vehicles.
from launching into electrify retailing, to installing EV chargers at their petrol stations, they seem to be moving in the right direction.
I think Z maybe correctly see their existence from a jobs-to-be-done perspective, which in their case is providing the energy needed to power their customers, whether that is derived from oil or electricity. There will still be a need to “refuel” vehicles, no matter the power source.
Toyota is not bringing Ev hilux into NZ, for two years as they feel battery technology has not matured enough. IC or hybrids, are not going anytime soon and will be around for years to come. What's the bet one of the oil companies reliant only on petrol pumps will leave NZ rather than Z going broke. Then the market share will be greater. Still have confidence that Z as a New Zealand company will be here to stay, for a long time to come. I see fuel prices increasing if volumes across the board start decreasing.
Still the capital cost, is way above that of a new IC car, running costs for a family runabout are minor when you do very few ks. I live at the Mount, our car is three years old and only done 10 thousand ks. And that is because we were teavelljng to Rotorua quite a bit on business. So running costs are a small part of our costs. It is false economy sometimes to buy an EV, when at the battery life left in an EV will define the capital loss made on resale or trade in. Jump on the bandwagon by all means, but don't think you are going to save money, even with the rebate.
Here's a good question for the annual meeting. What was your total capex spend on installing EV chargers across your national network last year ? Is this less than the annual salary of one person Mike Bennetts the CEO ?
If so, what he is still doing there so called "leading" the company ? I think you might be VERY surprised at how little they are investing. Playing with it while Rome Burns ?
lol at Toyota. The reason Toyota won’t be bringing EVs to NZ (of any type) anytime soon is not because of battery “maturity” - it’s because they are 5-10 years behind everyone else with their EV plans, and have zero battery supply installed. They made a stupid bet on hydrogen that has backfired disastrously.
The question is, does ZEL want to try and get "ahead of the EV demand curve" and carve out a niche as the place to go to charge your EV and thereby leverage its snacks and beverage business or will some other retailer like BP (which is known to have a superior food and beverage business), carve out an even bigger slice of the market ?
Surely questions need to be asked when Mike Bennetts salary just for one person is a multiple of many times the total annual spend on EV charging infrastructure for their entire national network ?
I agree 100% about the Toyota N.Z. CEO's comments. They were pathetic. Its quite obvious Toyota are many years behind many other manufacturers with their EV products.
Subsidy fiasco might just be a storm in a teacup and not do too much to change current behaviours.
I keep hearing that the EV subsidy/tax scheme will not make a jot of difference to total emissions....because under the ETS emissions are capped
No idea how this works but several learned people are saying that
https://www.nzherald.co.nz/nz/govern...ZGEXASRXIT6RY/
Government's EV 'feebate' plan may backfire - retailer
some commentary i came across said this - is probably quite true -
[The EV scheme is waste of time and virtue signalling silliness. Nothing to do with emissions/climate change, and everything to do with using the coercive powers of the state to subsidise lifestyle preferences of ministers and their mates, and taxing those they happen not to like,
There is no EV Hilux in existence to bring into NZ at this time. Toyota (globally) have stated that they are looking to develop a full EV model, but that it is likely to be several years away before anything is released internationally. There is however more clarity around a hybrid or PHEV Hilux, but even that could be a few years away from being released to any market let alone NZ.
Toyota are reasonably close to releasing a full EV SUV (BZ4X), and are likely to follow other mainstream manufacturers such as Honda with a small EV car.
Extract from Bennetts address at annual meeting. (This suggests a gross yield of ~ 10% as a minimum is sustainable for the foreseeable future)Quote:
Shareholders should consider the 19cps bottom end of current guidance to be reliable under
almost any foreseeable circumstances.
Lot of talk about dividend sustainability but investors would do well to consider their very patchy track record with dividend payments.
My thoughts are best summed up with the old cliché "Talk is cheap".
The feebate scheme will be modified or scrapped as the import of second hand vehicles propels meteorically, targeting the rebate. We are going to become a dumping ground for near useless battery packs and vehicles that are not worth replacing batteries. The government is actually subsidising those countries getting rid of a stockpile of unsellable secondhand ev's.
I see Toyota is working on hydrogen technology. Uses existing ICE engine with modifications. Perhaps this will be the way of the future, instead of electric.
IMO there's a niche market for hydrogen, potentially, in trucks/trains or perhaps aircraft, but I think the deck is stacked against mass adoption of hydrogen powered cars using either the converted ICE or a similarly inefficient fuel cell. There's some opportunity there for Zel.
More positives for Z's jet fuel business.
Air New Zealand is resuming passenger services to Taiwan for the first time since the pandemic began.
https://www.stuff.co.nz/business/ind...pandemic-began
L1 CAPITAL PTY LTD buying in. They have a pretty good track record in their long short fund.
Extra 4M sold already today..............
I suspect so given they bought that many shares 5 cents higher than the sp was at the time.
MA 50day $2.65 - MA 100day $2,72 - MA 200day $2.87
I topped up today, as you can see in the volume of shares traded. 😉
L1 added another 10M to their holding
SPH Notice – L1 CAPITAL PTY LTD - NZX, New Zealand’s Exchange