DrBourse
If you don't Ask, You don't Get.
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I note that ALD is exactly where it should be - $37.80 - see my page 8 posts dated 21/2/23 & 4/5/23...
ALD - Ampol Limited
- Thread starter GreatPig
- Start date
Morning Star calls ALD overvalued. By three bucks, apparently . ( S.P. up a bit today to over $ 40 )
( Yawn .) I've had this thing since last century when it was called something else ....Caltex ! That's right. Still got the original scrip somewhere in the bottom drawer .
I think I now understand Mr. Skates new way of thinking but Jeebus mate , it's so.....effin Boring ! It's like....jeez , I dunno ......real estate !
Ya gotta get strapped in behind the wheel again and back out on the racetrack .
( Yawn .) I've had this thing since last century when it was called something else ....Caltex ! That's right. Still got the original scrip somewhere in the bottom drawer .
I think I now understand Mr. Skates new way of thinking but Jeebus mate , it's so.....effin Boring ! It's like....jeez , I dunno ......real estate !
Ya gotta get strapped in behind the wheel again and back out on the racetrack .
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12 month rolling ff div yield on ALD is impressive , probably got room to go higher tbh . Multiples not crazy at all . Put on my list for screening down the track
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SCAMpol is what I call it. Generally avoid it like the plague due to their full on prices.
They inherited the right to fleece you see. Pun intended.
How old are you really...?!
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ALD coming up on scans for a swing long setup , will run through metrics over weekend to validate potential
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old enough to remember those days
i held Caltex for a while , but exited when they planned to wind down Australian refineries
Black Rock bailed out of ALD .
Completely ( ? )... Seems that way by the look of yesterday's disclosure notice to the ASX . Thirty million shares sold recently in one go , so that must have been them , perhaps .
S. P. at $ 29 so their timing has been pretty hopeless . Was over $ 40 at start of the year .
Insto's eh ? Supposed to be on top of their game , right ? Not this time , unless they 've been holding for a very long time .
Completely ( ? )... Seems that way by the look of yesterday's disclosure notice to the ASX . Thirty million shares sold recently in one go , so that must have been them , perhaps .
S. P. at $ 29 so their timing has been pretty hopeless . Was over $ 40 at start of the year .
Insto's eh ? Supposed to be on top of their game , right ? Not this time , unless they 've been holding for a very long time .
Dona Ferentes
Did the Thessalonians write back?
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added to Djerriwarrh’s portfolio:
Ampol (formerly known as Caltex) was the only new holding added to the portfolio during the period. Ampol is Australia’s leading vertically integrated energy company. It operates businesses across convenience retail in Australia and New Zealand, as well as the refining, supply and marketing of fuel. We believe that Ampol is a better business today compared to five years ago. The earnings mix is better, the balance sheet is solid, the quality of the network has improved and the management team has demonstrated good capital allocation and discipline. Ampol primarily offers our portfolio an attractive level of dividend income, especially if trading conditions in its refining business improve from the current cyclically low levels.
Ampol (formerly known as Caltex) was the only new holding added to the portfolio during the period. Ampol is Australia’s leading vertically integrated energy company. It operates businesses across convenience retail in Australia and New Zealand, as well as the refining, supply and marketing of fuel. We believe that Ampol is a better business today compared to five years ago. The earnings mix is better, the balance sheet is solid, the quality of the network has improved and the management team has demonstrated good capital allocation and discipline. Ampol primarily offers our portfolio an attractive level of dividend income, especially if trading conditions in its refining business improve from the current cyclically low levels.
Dona Ferentes
Did the Thessalonians write back?
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excerpt
"Trading updates are part of the Macquarie conference, but the real value isn’t the earnings up/down statements. It’s when CEOs forget about results for a minute and put a bit of meat on the strategy bones for investors – everyone can talk about numbers and forecasts on the twice-a-year results day.
"Fuel retailer Ampol was a good example on Wednesday. Chief executive Matt Halliday’s presentation explained how Ampol could make an extra $30 million next financial year from its U-GO unmanned petrol stations.
"The plan is to take last year’s 19 converted sites and get to 40 by the end of this year and 60-plus next year. Each site costs about $300,000 to convert, and pays the company back in only one year. They’re typically underperforming sites, where labour costs make them too expensive to operate.
"Trading updates are part of the Macquarie conference, but the real value isn’t the earnings up/down statements. It’s when CEOs forget about results for a minute and put a bit of meat on the strategy bones for investors – everyone can talk about numbers and forecasts on the twice-a-year results day.
"Fuel retailer Ampol was a good example on Wednesday. Chief executive Matt Halliday’s presentation explained how Ampol could make an extra $30 million next financial year from its U-GO unmanned petrol stations.
"The plan is to take last year’s 19 converted sites and get to 40 by the end of this year and 60-plus next year. Each site costs about $300,000 to convert, and pays the company back in only one year. They’re typically underperforming sites, where labour costs make them too expensive to operate.
Dona Ferentes
Did the Thessalonians write back?
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$27.07
Ampol is in late-stage discussions to acquire EG Group’s Australian service station portfolio for more than $1 billion, in a deal that would put its forecourt presence on par with main rival Viva Energy.
EG, a British group, paid $1.73 billion to enter Australia’s fuel market in 2019, acquiring Woolworths’ 540 petrol stations. Ampol already supplies the fuel for the sites, which are co-branded with its name.
Ampol is in late-stage discussions to acquire EG Group’s Australian service station portfolio for more than $1 billion, in a deal that would put its forecourt presence on par with main rival Viva Energy.
EG, a British group, paid $1.73 billion to enter Australia’s fuel market in 2019, acquiring Woolworths’ 540 petrol stations. Ampol already supplies the fuel for the sites, which are co-branded with its name.
