Didn’t I read that ZEL were pushing their food business, and that the govt believes that there needs to be another food retailer…. Crikey, is ZEL is going to take on 4square! It’s crazy but why not.
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Didn’t I read that ZEL were pushing their food business, and that the govt believes that there needs to be another food retailer…. Crikey, is ZEL is going to take on 4square! It’s crazy but why not.
Positive movement this morning, something up?
ZEL looking strong this morning up 16c as I write:t_up:
Is this connected with the NZ Refinery, I think so
NBR (citing Aussie media) reporting ZEL has appointed goldman sachs to advise it given intensifying takeover interest
https://www.nbr.co.nz/story/z-energy...st-intensifies
not sure if it is behind subscription or not
Monday will be interesting!
The Australian's Data Room column suggested any takeover bid for Z Energy was only likely to emerge after the vote but ASX-listed Ampol (formerly Caltex Australia) could be a potential bidder.
https://www.nzherald.co.nz/business/...Y6LI42NNVSZWA/
The vote was done for NZR...
Takeover is very likey. Expecting a great news on Monday. Well done for holders
A lot of ceiling room north for Z .. past 2 years SP high was 682 pennies around 2 years ago on 14 Aug 2019 .. ;)
5 buckeroos at least dont appear out of the way on that note
(we'll take six for anyone fronting with Euros) ;)
Is it time to back up the truck & demand a lifetime frequent filler discount now ? ;)
Ampol own Gull here so I would think they might struggle to get Commerce Commission approval. I was surprised how much their tobacco sales were and how they're looking to wane over the next few years. Increasing shop sales by 20% looks like a real challenge against that backdrop especially in light of recent new Govt support to encourage EV uptake.
A long sunset for this industry but the degree to which it has been hastened by EV subsidies of up to $8,625 per vehicle should not be underestimated in my opinion.
Been waiting for beagle's negative spin XD.
He must be turning in his sleep knowing zel has gone slightly up.
But re gull, I would imagine they may sell it off via ipo or to a private equity firm. To get 40% (from memory) of market share by acquiring zel and applying gull's low cost business model with the bonus of all the infrastructure and sites that zel provides, it is an ideal buy.
A whisper said $5 up....
A whisper or wishful?
And today’s vote by Refining NZ shareholders also provides a nice tailwind for Zel’s shareholders. Nice timing and probably the reason why BOD negotiating hard with potential suitors.
If there are two suitors it certainly becomes a bidding war and may result in good price for shareholders. Time will what that price may be. Next week will be very interesting..
A solid whisper....
Maybe Shell is buying back in ,exciting times in the N Z petrochemical industry . but certainly a longway to go no matter what Aderns handouts achieve. sp doing good for the time being :D
Always thought the more these ethical funds /Investors avoid oil etc the more money in it for the rest of us ,& risk !!:t_up: but risks are always there so more volatility for sure.
Shell..exxon .. mobil name are also included to the takeover bid...
Like bottomfeeder said earlier, it would never get past the C/C.
My sources tell me Exxon M will bail from the South Pacific region in due course.
It is a win win even the c/c is not going to pass it. Look at IFT....super fund put an offer ...they knew that c/c won't approved it but the market has the confidence back to thier share....now IFT is trading at $7.60
Zel valued at $2.5b according to the paper ...that equal to $5 per share
Past 2 years SP History:
14.8.19: $ 6.82
16.1.20 $ 4.20 (immediately prior to Covid)
23.3.20 $ 2.64 (at the bottom the Covid Dip)
7.8.20 $ 2.79
11.12.20 $ 3.38
6.8.21 $ 3.05
23.0 cps forecast dividend forward - didn't they suggest ?
(and add imputation credits on top - last Div paid 2 Jun 21 was fully imputed)
more value in this one even with the Green / Electric initiatives ?
which aint going to happen fast or overnight
especially when we have a Govt which is still struggling and going backwards on
even it's very first scorecard (housing).. having to pluck excuses out of the hat
on who to blame next for their own stupidity & incompetence .. with any luck may
see them & any Green influences emptied out as early as next election .. ;)
With that, more realistic policies on minerals & oil/gas may come back ..
It will be an Aussie or Indonesian fuel refiner that wants to maintain its market share by shipping to New Zealand. They were just waiting for the call to shut down Marsden Point. I am going to take a punt at $4.85. What's your best guess?
My guess it's Shell, or PT Pertamina.
Then again why buy Z, when you can buy their share and make a bid for NZ Refining. Can't wait to hear about the updates ahead.
A solid whisper said it is almost $5....s your bet is near...
I understand there are some suitors sniffing around and have expressed interest. Nothing more. Am I correct?
It would disappointing if they didn't completely clean out ZEL's Imputation Credit bank
beforehand with dividends to us all -- cant have that being ignored.. ;)
Ramping much..:p
That big preso of a week or so
Tobacco word count 14 times
Jeez $189m of tobacco sales currently puts it into the SIN STOCK category
And it appears going to promote vaping even more …. Bloody hell
How can Bennett sleep at night.
maybe I’m just naive
WOW.... http://nzx-prod-s7fsd7f98s.s3-websit...302/351086.pdf I was just starting to warm up to the idea of having a small flutter on this but that ESG concern has certainly opened up a can of worms to think about.
Page 18. I didn't realise that tobacco sales were nearly half their total in store sales, that's quite remarkable. 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 ?