ALD is primarily involved in purchasing, refining, distributing, and marketing petroleum products and operating convenience stores; the stock has already fallen 24% in 2024. While it is forecast to yield between 6 and 7% over the coming years, we ultimately think the outlook for EV’s will reduce the value of service stations. They rely heavily on foot traffic to sell other stuff, and our lingering concern is that less foot traffic, as EV’s can essentially be ‘fuelled up’ at home, will continue to have a negative impact on the sector which will need to reinvent itself.
- ALD is not one for us until we can see/understand their next chapter.
MM is neutral at best toward ALD
Add To Hit List
