Agree. Currently ~96% of total rental income comes from VEA. How VEA intends to manage the Coles Express business going foward is unknown.
The market is very positive from a VEA perpsective, however the fundamentals tell a different story. These statistics from Coles Fy22 presentation:
Ann: Viva Energy to acquire Coles Express, page-6
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Last
$2.48 |
Change
-0.010(0.40%) |
Mkt cap ! $1.666B | |||
| Open | High | Low | Value | Volume |
| $2.48 | $2.51 | $2.46 | $1.728M | 694.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3648 | $2.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.50 | 26407 | 5 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| WPR (ASX) Chart |