Australia's largest stock trading and investment forum Australia's #1 stock forum

CTX

Click for more information

0.16%

$25.21 caltex australia limited

Ann: Catlex Releases First Quarter 2018 Trading Update, page-7

First 7 Last

Share
Profile

Follow
Theabyss

1,528 Posts.

16

11/05/18

17:50

Post #: 33044893
Share

Originally posted by crazypunter ↑

OK- you feel all warm and fuzzy about the result!
the real problem though for CTX is the location of the Lytton refinery! this 'time bomb' is located very close to densely populated urban development, a lot of which is very upmarket. i should know as i used to live in the precinct, but escaped before a possible catastrophe!

basically it means that Lytton will have to close down sooner than later.

ps- that's why i have always been hesitant about CTX, regardless of the possible about face by the ACCC on the BP/WOW takeover which WOW says is still a real 'goer'.

also ,the way they treat franchisees is not a good look and hopefully a class action will result!

apart from that, the only real reason they are still above $30 is because of AUD/US cross rates that can stuff their refiner margins.

look at the bigger picture, not just numbers-that's how you make money on the ASX.

cheers crazypunter

Expand

Precinct, really? Caltex is closer to Port of Brisbane than Lytton. Lytton / Port of Brisbane is riddled with business. You might recall they built the gateway there so all the industry transporters could bypass the city to get to Lytton. Lytton location is the least of Caltex worries. Bulimba is 5-8 klm away and far removed from the Lytton "Precinct".

CTX Price at posting: $30.45 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

NTI

Neurotech bounces back from FDA rejection with new NTI164 baseline study

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 1 more message in this thread...

First 7 Last

Add CTX (ASX) to my watchlist

SPONSORED BY