Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

11 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

CTX, CALTEX AUSTRALIA LIMITED
blacksheep
post Posted: Dec 18 2018, 11:15 AM
  Quote Post


Posts: 5,270
Thanks: 2066


SP taking a hit, not just on general market conditions, but their unaudited profit guidance for YE 31/12/2018. SP currently down 6.8% @ $25.21/share

UNAUDITED PROFIT GUIDANCE, YEAR ENDED 31 DECEMBER 2018

QUOTE
Key Points
• During 2018, Caltex has made significant progress delivering its Fuels & Infrastructure and
Convenience Retail strategies, setting the company up for sustainable growth. This includes
the expansion of our international business, strong growth in Australian wholesale sales
volume, the retention of fuel supply to the Woolworths network, the execution of the
Woolworths partnership to accelerate and strengthen the Company’s Retail strategy, the
continued Foodary roll out, and significant progress on the transition of franchise sites to
company operations.

• 2018 Replacement Cost Operating Profit (RCOP) NPAT outlook of $533 million to $553 million,
compared with consensus of $552 million.

• 2018 Fuels & Infrastructure EBIT (excluding Lytton) is forecast to increase by 21% compared
with 2017. Including Lytton, 2018 Fuels & Infrastructure EBIT outlook of $560 million to $580
million has reduced by 14% compared with 2017, due to the impact of lower regional refining
margins more than offsetting the strong underlying business performance.

• 2018 Convenience Retail EBIT outlook of $295 million to $305 million is above the guidance
range provided in October, supported by the favourable impact of falling crude and product
prices in the fourth quarter.

• 2018 Historic Cost Profit after tax (HCOP) outlook of $530 million to $550 million, a decrease
of approximately 13% compared with 2017.

Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 15 2017, 10:32 AM
  Quote Post


Posts: 5,270
Thanks: 2066


The ACCC's decision to oppose the BP Woolworth's deal has benefited CTX. SP was trading around $33/share prior to announcement - currently @ $35.60/share.

Citi has upgraded to a BUY with their previous target of $37.66 retained
https://www.shortman.com.au/stock?q=ctx

Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Dec 7 2017, 01:46 PM
  Quote Post


Posts: 5,270
Thanks: 2066


according to AFR and SMH..............

Caltex hit with legal action over wage fraud
18 mins ago David Marin-Guzman
Fair Work has launched legal action against a Caltex franchisee following revelation workers were underpaid millions of dollars in wages across the network.

Read more: http://www.afr.com/business#ixzz50XkQclsK


A Caltex service station in Sydney's inner west is facing legal action for allegedly falsifying records of the wage rates it paid to overseas workers
QUOTE
Mr Dagher faces maximum penalties of up to $3600 per contravention and Aulion Pty Ltd faces penalties of up to $18,000 per contravention.

The Fair Work Ombudsman investigated the outlet last year as part of a national audit of 15 Caltex service stations conducted in response to concerns about underpayments and other non-compliance issues within the Caltex franchisee network.

Six employees at the Five Dock outlet were overseas workers and all but one was an international student.

http://www.smh.com.au/business/workplace-r...206-p4yxhd.html
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
mistagear
post Posted: Apr 9 2013, 03:39 PM
  Quote Post


Posts: 1,916
Thanks: 709


In Reply To: arty's post @ Apr 3 2013, 10:51 AM

CTX breaking down nicely now, has that ..fall off a cliff look about it.



--------------------
------------------------
[url="http://xgamesbowling.com"]X Games Bowling[/url]
Bear Cottage is the first children's hospice in NSW.

It is a place where children with terminal illnesses and their families can stay from time to time and receive rest and medical care in a home-like environment.

Please support >>> Bear Cottage for Kids,
An initiative of the Children's Hospital at Westmead NSW
http://www.bearcottage.chw.edu.au/

................................................................
www.xgamesbowling.com
 
arty
post Posted: Apr 3 2013, 10:51 AM
  Quote Post


Posts: 13,078
Thanks: 3381


Caltex is showing up on a few recent scans of mine, suggesting support at current (61.8%) levels.

Attached Image


not on yet, but a Close Above $21.65 would be tempting.



--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
veeone
post Posted: Feb 17 2012, 09:41 AM
  Quote Post


Posts: 5,049
Thanks: 1115


"operations at Kurnell"

After sanitising the land out there imagine what it would be worth at Kurnell!!! V1

 


veeone
post Posted: Feb 17 2012, 09:22 AM
  Quote Post


Posts: 5,049
Thanks: 1115


Oil company Caltex is considering closing its two Australian refineries as it reviews its operations at Kurnell in Sydney and Lytton in Brisbane.
The refineries produce almost one third of Australia's gasoline and employ 800 full-time workers and about 600 contractors.
But their future is now under a cloud as the company faces pressures from the rising Australian dollar and competition from larger Asian refineries.
Yesterday, Caltex Australia reported to the stock exchange that it had written down the value of the refineries by $1.5 billion, partly because of the effect of the strong dollar.
Spokesman Sam Collyer says the review is expected to be finished in six months and he admits that one of the steps being considered is closing the facilities.
"We are looking at a range of options and that includes investing in the refineries right through to closure or turning them into terminals," Mr Collyer said.
Market analysts suspect the company may have already made its mind up to close the facilities but Caltex says that is just speculation.
"We have been very up-front with our employees about the work that we are currently doing," Mr Collyer said.
"We are assessing the role of our refineries as part of the supply chain so there is no impact on the operations and we are hopeful that in the next six months, once we have completed that work, that we will be in a position to make an informed decision.
Australia has seven oil refineries. Shell's facility at Clyde, near Sydney, is due to shut its refining capacity next year.
Companies are finding it cheaper and more efficient to import refined oil products from Asia, says Craig Glasby, president of the Service Station Association.
"It is sometimes cheaper to get fuel direct from Singapore than it is to get the crude oil and refine it in Australia, so Caltex are just doing this because of pure economics," Mr Glasby said. But Mr Glasby says there may be implications for Australia's fuel supply.
"That is a concern, that we won't be able to refine our own fuel, but I'm sure that the Federal Government will have something to say about that and they'll be talking to Caltex very quickly to see what can be done," he said.
Australia may be increasing its dependence on overseas refineries but Mr Glasby does not believe there will be any impact on fuel prices. http://www.abc.net.au/news/2012-02-17/calt...ection=business



 
veeone
post Posted: Apr 13 2011, 10:42 AM
  Quote Post


Posts: 5,049
Thanks: 1115


BA-Merrill Lynch rates the stock as Downgrade to Neutral from Buy, High Risk
11/04/2011
The broker had expected March refining margins to be strong, and they were. But the situation has now changed with Brent oil surging higher than expected, the A$ doing likewise, and the crack spread narrowing. The broker has now reduced its 2011-12 profit expectations by 13%.
Target falls to $15.96 from $16.71 and the broker downgrades to Neutral. The broker remains positive on Caltex's marketing segment and notes its forecasts are still above consensus.
Sector: Energy.
Target price is $15.96.Current Price is $15.33. Difference: $0.63 - (brackets indicate current price is over target). If CTX meets the BA-Merrill Lynch target it will return approximately 4% (excluding dividends, fees and charges - negative figures indicate an expected loss).
http://www.sharecafe.com.au/fnarena_news.a...AV&ai=19923

 
hungry
post Posted: Mar 3 2011, 03:17 PM
  Quote Post


Posts: 2,967
Thanks: 271


In Reply To: mistagear's post @ Mar 2 2011, 03:55 PM

M
I meant your more st upside to come call.
Covered the gap & finished weak. Happy at this stage of the game.

 
mistagear
post Posted: Mar 2 2011, 03:55 PM
  Quote Post


Posts: 1,916
Thanks: 709


In Reply To: hungry's post @ Mar 2 2011, 12:25 PM

H,

Dont think I made a good call. I had a couple of daytrades trying to get set but eventually got burned. Demand had too much mumbo which kept running over the top of supply.
I am looking to short again but suspect it may close the gap-down first, then I will try to measure supply into the upswing to gauge if another short position is reasonable bet.
Perfect if it makes another supply signal bar same as yesterday, but with a lower high. This will send a clear signal of intent and be positioned so that a low risk entry possible near a high side break-out reversal point. Will even consider a 2 bar combo so it will look descending triangle.
Caution still required having due respect to the prevailing trend, intact since July '10.

Cheers, M



--------------------
------------------------
[url="http://xgamesbowling.com"]X Games Bowling[/url]
Bear Cottage is the first children's hospice in NSW.

It is a place where children with terminal illnesses and their families can stay from time to time and receive rest and medical care in a home-like environment.

Please support >>> Bear Cottage for Kids,
An initiative of the Children's Hospital at Westmead NSW
http://www.bearcottage.chw.edu.au/

................................................................
www.xgamesbowling.com
 
 


11 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING