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Prices & Quotes - UK Markets - Vivo Energy (VVO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 98.70p
Change Today:
-0.80p
Market Cap:
1,250.47m
Sector:
General Retailers

Vivo Energy to pay dividend but pulls guidance

By Frank Prenesti

Date: Wednesday 25 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Fuel distributor Vivo Energy said it still intended to pay a full year dividend but pulled its guidance due to the coronavirus, the company said on Wednesday.
The pan-African retailer and distributor of Shell and Engen-branded fuels and lubricants said trading for the year to date had been in line with expectations as there had been minimal impact from Covid-19.

"However, in recent days, a number of our host governments, including in Morocco, Kenya and Tunisia, have acted decisively to prevent the spread of COVID-19 within their countries. These measures have included the closure of borders, schools and in certain cases, imposing restrictions on the movement of people," Vivo said in a trading update.

The company said its retail sites remained open and continued to supply to commercial customers, but reported a reduction in aviation and transport volumes from government restrictions on travel. Stock levels were being monitored and credit levels to make sure they were managed effectively in light of changing demand.

The decision to pay $34m in dividends would be reviewed ahead of Vivo's annual general meeting on May 20.

"We have entered this period of uncertainty in a strong financial position and year-end 2019 net debt to EBITDA of 0.5x. As at the end of February 2020, the group had long-term debt of $0.4bn, with available short-term capital resources amounting to $1.7bn," the company said.

"This comprises $200m of an undrawn committed multi-currency revolving credit facility, $1.1bn of undrawn unsecured short-term bank facilities within our 23 operating entities for working capital purposes, and $400m of cash on hand."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Vivo Energy Market Data

Currency UK Pounds
Price 98.70p
Change Today -0.80p
52 Week High 109.00p
52 Week Low 67.50p
Volume 793,490
Shares Issued 1,266.94m
Market Cap 1,250.47m

Performance Indicators

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What The Brokers Say

Strong Buy 6
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Vivo Energy Dividends

  Latest Previous
  Final Interim
Ex-Div 27-May-21 19-Nov-20
Paid 25-Jun-21 18-Dec-20
Amount 3.79¢ 2.65¢

Trades for 22-Jun-2021

Time Volume / Share Price
16:35 249,977 @ 98.70p
16:29 566 @ 98.60p
16:29 1,250 @ 98.60p
16:29 841 @ 98.80p
16:29 19 @ 98.80p

Vivo Energy Key Personnel

Chair John Daly
CEO Christian Chammas
CFO Douglas Lafferty