I like the look of this too as a big recovery situation with a chance to double your money, for the patient. Note how Viva energy VEA has rebounded from $1.20 to $1.70 recently. But ZEL is lagging in this sense, and now it’s balance sheet has cleared out a lot of expensive debt a return to dividends looks a good prospect. We have certainly taken to the roads over here in NZ and I’ll be looking to fill up at Z stations from now on. I think management have been adept as well, good locations, bright format.
ZEL Price at posting:
$2.92 Sentiment: Buy Disclosure: Held