Dejavoo:
Yes, it was the reading of the Z-Energy (ZNZ) prospectus that reminded me to listen to the CTX result presentation and to re-visit the company as an investment opportunity.
I noted that Z-Energy currently earns 16.5 NZ cents/litre in its fuel distribution business, compared to CTX's 4.4 Au cents/litre.
And while some structural market differences (mainly geography and retail/commercial mix) mean that CTX's fuel marketing margin is unlikely to ever match that of ZNZ, I do think that there is upside to CTX's margin once it is in a position in 2014 to sell everything it sources at full margin (unlike now, given Kurnell - by its very operational nature - produces products that are not in demand and therefore have to be discounted in the market or even sold at a loss)
I just didn't make any comparative reference to ZNZ's because I assumed no one would really be familiar with the company given its recent listed history. Seems I was wrong!
Cam
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Last
$26.61 |
Change
-0.670(2.46%) |
Mkt cap ! $6.324B |
Open | High | Low | Value | Volume |
$27.21 | $27.26 | $26.44 | $11.74M | 440.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 406 | $26.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.62 | 448 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 96 | 26.570 |
8 | 535 | 26.560 |
6 | 1526 | 26.550 |
8 | 527 | 26.540 |
7 | 906 | 26.530 |
Price($) | Vol. | No. |
---|---|---|
26.590 | 586 | 17 |
26.600 | 1057 | 12 |
26.610 | 620 | 8 |
26.620 | 703 | 12 |
26.630 | 394 | 3 |
Last trade - 15.06pm 29/07/2025 (20 minute delay) ? |
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