if have could be lowball offer like low or mid 3's ,I hope i am wrong as i still hold some.
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market does not believe the easy money....winner and beagle bailed...run!!!!
Beagle's going to do a good impression of a possum in the headlights for a while and see what happens. Hopefully I don't get run over by a Z fuel tanker lol
Aha, but what goes up fast sometimes declines .. then where does it go ? up ? ;)
Whoever the bidder is - at current levels, it may be a steal .. ;)
The reputation/quality of the Wild Bean offer is such that BP can still attract sufficient customers independent of the fuel offer to be able to comfortably operate the stores even when forecourts are totally closed for maintenance or other works for periods extending beyond a week. Other than myself, I know several who regularly purchase from Wild Bean even though they would never buy BP fuel, including Z corporate staff... The irony here is that the guy who developed and positioned Wild Bean as the BP offer moved to Z and has the same brief for Z Espress, but they continue to struggle with the format and perception of the offer.
Probably not helped by the fact that People who pay for a barista coffee generally expect it to be barista made, not machine made. A Z "barista" simply fills up the milk jug, pushes the right combination of buttons and pours the result into your cup.
Another factor which I hadn't picked up on previously is the restrictions now applied to the sale of flavoured vape products which removes them from sale at service stations. Don't know if any or how much of Z's current tobacco alternative sales is flavoured, but there's another potential revenue source removed from the value equation.
https://www.newstalkzb.co.nz/on-air/...el-laws-begin/
new pro-competition rules begin, and it's hoped those savings will be passed on to motorists.
As per The Australian "Ampol move on Z Energy "very logical and synergistic": analysts". Adds further "Ampol's purchase of Z Energy could enhance the petrol retailer's international trading operations, says analysts.
Now it'll be nice bidding war if Vitol is equally very keen.