VEA 0.27% $3.70 viva energy group limited

it's because VEA gets bugger all from Shell for its petrol! it...

  1. 5,760 Posts.
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    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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