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
$25.65 |
Change
-0.060(0.23%) |
Mkt cap ! $6.112B |
Open | High | Low | Value | Volume |
$25.84 | $25.96 | $25.40 | $18.15M | 709.1K |
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No. | Vol. | Price($) |
---|---|---|
1 | 8 | $25.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$25.65 | 132 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1070 | 25.550 |
2 | 1250 | 25.300 |
1 | 2000 | 25.200 |
1 | 1100 | 25.050 |
1 | 150 | 25.040 |
Price($) | Vol. | No. |
---|---|---|
25.720 | 314 | 1 |
25.800 | 4000 | 3 |
25.980 | 123 | 1 |
26.000 | 2184 | 4 |
26.070 | 1000 | 1 |
Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
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