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How to buy Z Energy shares (ZEL)

Your simple guide to investing in ZEL on the NZX.

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Z Energy is a New Zealand fuel distributor with over 200 service stations around the country. If you’d like to buy shares in Z Energy on the New Zealand Exchange (NZX), keep reading to find out how.

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How to buy shares in Z Energy on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Z Energy. Find the stock by name or ticker symbol: ZEL. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Z Energy reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Z Energy, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Z Energy. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Z Energy overview and background

Z Energy was formed when Infratil Limited and the Guardians of New Zealand Superannuation joined forces to buy Shell’s downstream fuel business. The fuel company owns and manages 208 services stations and around 160 truck stops in New Zealand, plus fuel distribution and storage assets around the country.

The company also has a 15.4 per cent stake in Refining NZ and a 25 per cent stake in Loyalty New Zealand. After acquiring the assets of Chevron New Zealand in 2016, Z Energy is also the wholesale fuel supplier for Caltex-branded service stations.

Z Energy is now a publicly listed company, and Z Energy shares (ZEL) can be traded on both the NZX and the Australian Securities Exchange (ASX).

Performance and company results

Z Energy released its 2021 interim report in November 2020. Like many other businesses around the country and the world, these results were affected by the impact of COVID-19.

Key results reported included:

  • Historical cost net loss after tax of $58 million, a drop of 308% on the prior corresponding period
  • Net refining margin loss of $14 million
  • Replacement cost EBITDAF of $95m, down 48% on the prior corresponding period
  • Replacement cost net loss after tax of 1.38 cents per litre

Key details

NameZ Energy LimitedIndustryOil & Gas Refining & Marketing
Ticker symbolZELISINNZZELE0001S1
TypeOrdinary sharesDate listed on NZX06 Sep 2010
End of financial yearMarchChief executive officerMike Bennetts
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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