I may be wrong, but I do not see a major risk that they do not get the approval from ACCC.
Apart from the fact that they may have to sell some of the sites of the combined OTR-Coles Express in SA.
According to the data from their presentations, OTR and Coles Express have together around 915 sites.
Almost all Coles Express are outside SA : out of 710 sites, Coles Express had only 43 sites in SA.
While a very large part of OTR sites (205 stores) are located in SA (only 15-20 are located out of SA).
To come back to the initial post, I don't think that much has changed for Viva Energy group since they announced the OTR acquisitions on 5/4/23.
Main change according to me : large deterioration of the refining business, due both the market and the accident of their refining facility.
However, I do not see it as a major element for Viva Energy as the refining business has always been very volatile.
Perhaps, the market has discounted the risk of a lower dividend, due to expected large decrease of result for the refining business.
- Forums
- ASX - By Stock
- VEA
- Ann: Viva Energy to acquire OTR Group
Ann: Viva Energy to acquire OTR Group, page-4
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VEA (ASX) to my watchlist
|
|||||
Last
$3.05 |
Change
-0.030(0.97%) |
Mkt cap ! $4.864B |
Open | High | Low | Value | Volume |
$3.08 | $3.10 | $3.05 | $23.12M | 7.537M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8172 | $3.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.07 | 6525 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8172 | 3.040 |
6 | 13220 | 3.030 |
4 | 31361 | 3.020 |
1 | 5170 | 3.010 |
16 | 34585 | 3.000 |
Price($) | Vol. | No. |
---|---|---|
3.100 | 4000 | 1 |
3.110 | 6232 | 1 |
3.120 | 6232 | 1 |
3.130 | 6232 | 1 |
3.140 | 6232 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
VEA (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online