This is pretty impressive stat from that preso :
Z Retailer’s CR revenue compares as 100% of Restaurant Brands (NZonly) and 165% of McDonalds NZ
Jeez, seems to say they sell heaps more than McDonalds
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This is pretty impressive stat from that preso :
Z Retailer’s CR revenue compares as 100% of Restaurant Brands (NZonly) and 165% of McDonalds NZ
Jeez, seems to say they sell heaps more than McDonalds
I guess they're trying to make a point that their retail offer is BIG with or without Tobacco and maybe another subtle point that others are selling products that are REALLY BAD for you so ZEL is not the only SIN stock...or maybe I am drawing a long bow here ?
Wasn't I reading somewhere else where they expect tobacco sales to drop off quite a lot in the next few years and yet somehow they are targeting 20% in store sales growth ? How is that targeted growth rate plausible if by far the main thing they sell in store is forecast to fall away significantly in the next few years ? From above post. Anyway this is a really burning question for me that I'd really appreciate some opinion on, assuming there are serious investors in this stock and not just punters looking for a quick sugar fix from a possible takeover..
They acknowledge that in preso -
We expect tobacco sales to decline by $65m from current $189m, so underlying
revenue growth needs to be $165m, or +40% to FY21 (CAGR of 10%)
Seems a lot of the revenue growth (for Z anyway) is taking a greater 'share' of retailers/ franchisees increased margins - seems fair
I was surprised how little coffee and other stuff they sell. I'm really skeptical they can achieve that growth they're referring too with Tobacco sales tanking. BP have a commanding position with instore sales with their food and beverage items and from personal experience their wild bean coffee is exceptionally good. Pretty sure I recall from a conversation I had over a couple of beers with Oliver Maunder (who has a deep understanding of this industry having worked in it for years) that instore sales at BP stations are several times higher or a per store basis than Z.. From memory, (it was a couple / few ? years ago), average weekly in store sales per station in the one hundred and thirty something thousand range for BP and just in the mid late $30,000 range per store at Z. (Memory could fail me here...I need to check) Might try and have a chat with him this week.
Embarrassed to say I jumped on board this morning for a small and "dirty" punt :blush: I should be ashamed of myself chasing a feed here when so many customers are killing themselves with Tobacco. I am a bad and naughty dog. I guess if they didn't buy Tobacco at Z they'd but it somewhere else and Z didn't make the filthy stuff so its all okay...that's the creative B.S. I am telling myself anyway...
That's why they forecast such an increase in shop sales, they are going to follow the BP format and set up an in store cafe style operation, especially so when fast chargers become more popular and you have nowhere else to go for half an hour. It's a wonder they hadn't done this fully years ago. I did notice a small transition though.
lol...love it!!!
it said vitol will be the main bidder...
Thanks for that.. (I have been a bit "time poor" in recent days to trawl through the whole presentation in super fine detail).
Winner's a recidivist horse racing punter extraordinaire so I'm sure he'll be in for a dirty punt of this takeover talk very soon too, if not already. Where's there's smoke, this hound knows there's usually fire.
All the other large fuel outlets parent owns refining capabilities in Australia, so Shell who also has refining capabilities would be in the running. PT Pertamina was a bit of a tongue in cheek reference, but they did spend quite a bit in the last year in increasing their refining capabilities in Indonesia materially. So if its not them it should be.