it's because VEA gets bugger all from Shell for its petrol!
it also has sold all its sites and is leasing them back, which is not a good thing for the balance sheet.
it also is losing dough on the refiner margins in a big way.
apart from that, the fuel volumes sold are tanking fast.
and the IPO price was way too high.
but what about the positives?
cheers crazypunter
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