Surprising that VEA share price has hardly moved since announcing this acquisition.
Unless the market thinks that there is a risk not to get the approval from ACCC (expected to complete in H2 2023).
Some elements about this acquisition (from their presentation)
- OTR generates >70% of earnings from non-fuel retail
• Diversifies earnings exposure, lifting the share of earnings from non-fuel sources from ~30% (post Coles Express) to an expected ~50% of the Convenience & Mobility business
• Accelerates earnings growth of Viva Energy convenience business and integration of Coles Express acquisition through OTR proven product offering, synergies, associated brands, quick-service restaurant operations, advanced technology and supply chain capability.
- sales/store of 3.9 m vs 1.6 m for Coles Express.
Financial impact
• EPS accretion of 6% to 26% (6% on pro forma FY2022 basis, 11% on normalised FY2022 based on
historical average Refining earnings and 26% relative to FY2021)
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- Ann: Viva Energy to acquire OTR Group
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Last
$2.96 |
Change
0.040(1.37%) |
Mkt cap ! $4.720B |
Open | High | Low | Value | Volume |
$2.94 | $2.98 | $2.92 | $8.481M | 2.877M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 7500 | $2.95 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.96 | 52951 | 4 |
View Market Depth
No. | Vol. | Price($) |
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1 | 7500 | 2.950 |
4 | 45397 | 2.930 |
5 | 88728 | 2.920 |
3 | 20367 | 2.910 |
12 | 49015 | 2.900 |
Price($) | Vol. | No. |
---|---|---|
2.960 | 52951 | 4 |
2.970 | 33324 | 2 |
2.980 | 47400 | 5 |
2.990 | 42564 | 4 |
3.000 | 6943 | 4 |
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