No coffevand buns during lockdown ….the way it should be
https://www.stuff.co.nz/business/126...ks-bakery-food
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No coffevand buns during lockdown ….the way it should be
https://www.stuff.co.nz/business/126...ks-bakery-food
Seems like a lot of the holders that wanted to get out have. Slowly starting to wind up!
Being mega hopeful, but I am expecting another offer just a few cents over $4.
Anyone notice Save the refinery petition on page 2 of NZ Herald this morning? Would that have a negative effect on ZEL sp?
You can't win can you. On one hand they call fuel a sunset industry, because of its dirty connotations. Kiwisaver funds are saying they won't invest in fossil fuel industry. Go electric rarara. Then you get a group wanting to save an oil refinery. Just goes to show everyone has their own agenda and never the twain shall meet.
it's all politic if you ask me...I bet auto manufacturers know that EV is not necessarily greener but if that's what the consumers want then so be it...same with planes using bio-fuel, it's a joke in my opinion
S&P Dow Jones Indices Announces September 2021
Quarterly Rebalance of the S&P/NZX Indices
http://nzx-prod-s7fsd7f98s.s3-websit...565/354014.pdf
S&P/NZX 20 Index – Effective Prior to the Open on September 20, 2021
Hello FRE
Goodbye ZEL
You still holding? Two weeks gone. Ampol will have to sell Gull to buy ZEL. Another company going to Aussi.:confused: Maybe ZEL should put in offer of 50c to buy Gull, and change the name to Kiwi Pump:). And then ZEL will become Ampol, then I can buy my petrol from Kiwi Pump to support Kiwi company:D. I want my dividend plus $3.78c plus a $1 good will and anything else you can think of:t_up:. We should not be selling all our companies to the Aussies, next we will be selling the All Blacks for 20c:eek2:.
Yeap, happy to hold and see how this goes. I am hoping for $4+
does it really make any difference to shareholders if NZ companies are sold to AU? Just move your trading from the NZX to ASZ :p
These deals take a long time to settle (mid 2022 ?) so there's the time value of money to consider. A certain $3.52 now v possible $3.78 or maybe a bit more in mid 2022. The expression of interest is non binding, indicative and any proposed scheme implementation agreement will require commerce commission approval, 75% shareholder approval and high court approval. All that said I think at $3.50 or thereabouts I'd rather hold and look for the extra 28 cents and hope its 50 cents.
From AFR 9/9/21 (in part)
Ampol’s $NZ2bn (($1.9bn)) buyout proposal for Z Energy is showing positive signs when it comes to gaining approval from the target, with its chief executive Michael Bennetts talking up the merits of a tie-up this week.
DataRoom understands that Z Energy’s boss, Mr Bennetts, briefed some investors on Wednesday, explaining that a tie-up with Ampol would have major synergies, create opportunities to expand into new geographies and de-risk the business through diversification.
Ampol announced its buyout proposal for Z Energy on August 23 and was granted four weeks’ exclusive due diligence, although Z Energy did not recommend the transaction.
Most take the positive comments about the potential transaction as a sign that Z Energy will likely approve Ampol’s $NZ3.78 per share offer, or one that is slightly higher.
The Commerce Commission could be a major hurdle I suspect, hence the SP is stuck around $3.50
Will this one turn into a long and twisting story like the MET LIFE Properties Takeover was ? ;)
Guidance reaffirmed and so does divvy payout for FY22, c'mon Ampol up your bid north of $4 or someone else can throw their hat in the ring.
What will this do to the share price. Fascinating
Thats why I bought it despite it being a sunset industry. Great dividend to compensate for the slowly declining or changing business. But if a take over offer stops dividend payments it will be a double blow on top of the share price hiding. Never trust a Morningstar recommendation. Mostly losses from their picks.
You've got the correct yields. Good they reaffirmed guidance today and I think there will be tens and tens of millions of synergies that Ampol can extract from the company starting with getting rid of the modest performing and exceptionally well paid senior management. I think the take-over will go ahead.
Add International Borders not far away from opening adding to increased volume
Disc Hold
even if borders were to open next year, it'll just be a trickle compared to pre-pandemic I bet, I believe it was Boeing that expect business to return to normal around 2024
http://nzx-prod-s7fsd7f98s.s3-websit...730/352778.pdf
Announcement of Ampol's conditional takeover offer made on 23rd August so 4 weeks due diligence will end on Monday, 20th Sept.
Guess the Ampol team will be burning the midnight oil over the weekend with a view to making a final offer on Monday or next week then.
Yes, this is the time to get out now before 5pm this afternoon if you think the deal will fall over. On the other hand, this is the time to get in before 5pm if you think the deal will be made:confused:. I am going to hold for now, but if a lot of sellers at close then might pick up a few more on that closing weakness.
Our Covid lockdowns has given $3.78 a lot of credence, and may end up as the final figure. Plus a final dividend.
https://www.afr.com/street-talk/ampo...0210919-p58sxp
Looks like deal is ready to move to next stage - negotiations on payment of dividends by ZEL in the event of regulatory delays.
Good on them for looking after shareholders. MET shareholders got stabbed in the back by their own directors with not only the takeover price but the complete absence of dividends during the prolonged takeover process. If one company takes over another it should get the company itself, not the accrued earnings in between when the deal is originally proposed and when it finally settles which can be many, many months later. Any director that thinks otherwise should be deeply ashamed of themselves including the entire former MET board.
I want my interim dividend later this year, tell AMPOL to get stuffed in they think they can get.
looks like the smart money bailed judging from the share price movement.
if ampol bails next week i see a under $3 share price again