Ouch ! Closed at $2.85
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Ouch ! Closed at $2.85
Some might say “Un-investable”. Fair enough, it does looked pretty screwed at the moment.
Others might just simplify that to “better opportunities elsewhere”.
No point in exposing ones investment to great uncertainty when less uncertainty affords itself.
Imo, not interested in zel at the moment
$2.78 at present. What happens if it dips below $2.75?
The Shares will be issued at the lower of the price paid by investors in Z Energy’s recent
Placement, being NZ$2.90 per Share, and a 2.5% discount to the five day VWAP of Z shares
traded on NZX during the five NZX trading days up to, and including, the Closing Date.
It closed at $2.80, the price to pay will be $2.80 plus 2.5% discount i.e. $ 2.73, am I right or $2.90 plus 2.5% discount.
Volumes are rising as per their latest OPSTAT so looking a lot better. However given the current share price I wont be participating in the SPP given the buy price will be approx what it is now less 2.5%.
Agreed. I'm also not applying for any.
Same. It feels like it's just throwing good money after bad. Too long a time horizon and too much uncertainty
volumes have not returned to normal even though we in level 2 so looks like people are not driving as much. people working from home still ? or people not sunday driving ?
Feels like traffic levels are back to pre lockdown in auck.
Yeah, i hate level two, No traffic jams at all in level three, now they are the norm here again.:scared:
Mark Roy Malpass acquisition 15,000 @ $3.05
my chart tea leaves say it will go to $3.50 or close to, but I aint got the guts to try it.
I know I'm going to burn lots of fuel over the next few months, we're planning Sth Island Rd trip yay, but I dont think the industry metrics will be looking promising again until all the planes are back flying and that could take ages.
Is anyone investing in the SPP? I am not touching it
I cant see the attraction at this price. Was gonna dump my last few recently but as I see it the big boys have pumped a whole load of money in at market value to prop the company up so I might just ride that buffer to beyond the current storm....
Interestingly I listened to a BBC interview about Macron's electric car initiative, the interviewee was not sanguine on any significant uptake of electric cars unless western govts offer large subsidies.... something that is probably low spending priority at the moment. So petrol likely to remain dominant for a while.
https://www.stuff.co.nz/business/121...o-north-island
Something I have suspected for months. Aucklanders are the ones currently being "fleeced". Bring it on !!
Further reinforces my belief that the Z model of higher margins and making money from purchases in the shop is dead. Too much competition and self service pumps are spreading like wildfire withZ/Caltex/Mobil/BP are asleep at the wheel. NPD, Waitomo, Allied, Gul and Mckeowns have been able to build their no-frills stations and the customer is going for the lower price point. Without tourism the mainstream players will suffer more (tourists are more likely to pay higher prices as they don't know what is the norm). Add to this the terrible investments Z have made (Flick has been written down to ~half of what they paid) and don't see much light at the end of the tunnel.
Just my 2c anyway, disc - non holder.
The self-service providers have spread like wildfire in the South Island, and to a lot of places where traditionally have been completely fleeced by the big fuel companies and/or had their pumps removed.
Places like Twizel, Lumsden, Dunback, Ettrick, Ranfurly, Otematata, Glenavy, Kingston, Clinton, Centre Bush etc. I never go to Z or Caltex or the like unless I have to and have no choice. Why would you?
Dead right about the tourists K14 - Caltex/BP in Wanaka have always been about 40-50c per litre for diesel and about 20-25 for petrol more than the local self-service - less than 1Km away.
Now with no tourists to fleece suddenly only 6c dearer...….:p
Yeah it is crazy. Jump on app Gaspy right now diesel is 98c a litre vs $1.26 at Z and $1.30 at Caltex in Alexandra. Pretty similar for petrol although the discrepancy is down to 14c. In Cromwell, diesel is 13c cheaper at Allied than Z/BP. This is happening all around the SI. Crazy that the NI is so much less competitive even though there is the Gul effect.
Yes you can get some discounts by jumping through hoops at BP/Caltex/Z but why bother when you can just drive up to Mckeowns any time of the day and save more anyway?
Also, Z own flybuys, wonder how much that has been written down in the last few years? Then the NZRC ownership, how are they going to turn that around? Couldn't make a profit when they were basically unaffected by COVID, how will they make one now?
Little known fact is Gull is owned by Caltex Australia who are fleecing Kiwi's in the north island just like the others are. Its usually cheaper after the discount scheme to fill up at my local manned Mobil station that includes a subway outlet therein rather than the unmanned Gull station just up the road from where I live. The local ZEL is almost always the most expensive around here by a considerable margin.
You are right macduffy, however 2 different companies- as beagle says Gull owned by Caltex Aussie who do not own Caltex NZ - go figure!
Cracks me up how we still refer to is as "unleaded 91" in this country...when could you last buy leaded fuel?
Be nice to see some more competition for 98. A lot more cars on our roads should be running that than currently, but due to lack of understanding and the extra "fleecing" re 98, people are putting engines that really should be run on the higher grade stuff at risk.
“ Z Energy Limited (NZX/ASX:ZEL) ("Z") is pleased to announce that its NZ$60 million share purchase plan ("SPP") has closed. The SPP received strong shareholder support with Z receiving applications totaling approximately NZ$57.5 million.”
The price was $2.806
I guess this means most people got what they applied for. Did anyone here apply?
I didn’t realise the shares were allocated yet
Right. Well you will likely get all that you applied for!
Hhaha..the only share that has not rebound yet....so.... people will be soon flocking in ZEL.....
Basically only the cap raise holding this down. It'll eventually get the THL treatment soon.
Oz loves it up 4%.....cars are pumping petrol now....all Petrol consumption are back to normal except airlines
When / how do we found out our allocation? We should get what we asked for right?