Viva Energy ( $Viva Energy Group Ltd (VEA.AU)$ ) rallied 4.1...

Viva Energy ( $Viva Energy Group Ltd (VEA.AU)$ ) rallied 4.18% after updating the market with it’s first half unaudited results. Overall fuel sales increased by 5.7% but spending in their mega network of SHELL servos dropped a touch as ciggie sales plunged 17%. VEA did complain that punters are getting their hands on cheap, black market durries instead.
Now it’s becoming obvious that EVs have no hope of success in Australia, VEA’s mega network of servos are not going anywhere, thus I anticipate the market will gradually apply a higher valuation to the company. VEA trading on an undemanding forward PE of 11.8 times and a fully franked yield of 5.3% BUY last sale $3.24.