"Show me the money"
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what about the share price not reacting...looks to me still in the balance
All a question of what dividends ZEL directors can now extract out of Ampol in addition to the $3.78 takeover price imo.
High fuel price would be increasing margins and profits, and ZEL is a once in a lifetime opportunity for Ampol to increase its EPS at a knockdown price.
Is it too late for us to whip Ampol's Egg for them and show them what proper under-arm bowling looks like ? ;)
Either they want to buy or not .. at the right money ;)
I see a Yankie chain in the news recently (just 4 outlets here) looking at big expansion coming up in NZ
Don't discount a spoiler bidder coming in to join the party I reckon, and it won't be a Cr*ppy fly blown 3.78
the cobbers over yonder have dug up either ;)
That Circle K chain you are referring to ( well the local franchise of it anyway) came in all guns blazing with lofty predictions way back in 2018...and so far have grown to a massive four sites.. .don't think many will be quivering in their boots with that growth rate...
Really Benny, why not ?
Seems like a match made in .......
https://www.nzherald.co.nz/business/...TMN7LAPPGOYQU/
Interesting as parent company has a market cap of NZ$51 billion.
ZEL, now that it is in the market (so to speak), would be a nice bite size for them (call it $4 billion or less than 10% of their market cap) to acquire and fast track their rollout in NZ with one fell swoop.
Would say Ampol would be aware they have competition.
https://www.stuff.co.nz/business/108723359/circle-k-joins-the-convenience-store-competition-in-auckland
First store in Nov 2018 and then, lockdown March 2020.
I would not read too much into just 4 sites at this stage as they are most probably to trial their offering to NZers, and there have been massive interruptions & disruptions to business activities since beginning of 2020 due to the pandemic.