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Share Name Share Symbol Market Type Share ISIN Share Description
Vivo Energy Plc LSE:VVO London Ordinary Share GB00BDGT2M75 ORD USD0.50
  Price Change % Change Share Price Shares Traded Last Trade
  0.90 0.98% 92.80 2,435,968 16:35:22
Bid Price Offer Price High Price Low Price Open Price
92.80 93.10 95.00 91.00 95.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 5,059.96 128.00 4.39 21.4 1,176
Last Trade Time Trade Type Trade Size Trade Price Currency
17:51:57 O 74,146 92.765 GBX

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Date Time Title Posts
05/3/202109:43Pan African petrol stations and convenience stores20

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DateSubject
07/3/2021
08:20
Vivo Energy Daily Update: Vivo Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker VVO. The last closing price for Vivo Energy was 91.90p.
Vivo Energy Plc has a 4 week average price of 76.30p and a 12 week average price of 75.10p.
The 1 year high share price is 107.40p while the 1 year low share price is currently 59.80p.
There are currently 1,266,941,899 shares in issue and the average daily traded volume is 2,137,416 shares. The market capitalisation of Vivo Energy Plc is £1,175,722,082.27.
17/2/2021
22:18
queenbreguet: London, 15 February 2021 -- Moody's Investors Service ("Moody's") has today affirmed the Baa3 long-term issuer rating of Vivo Energy Plc ("Vivo Energy") and affirmed the Baa3 instrument rating assigned to the $350 million guaranteed senior unsecured notes due 2027 issued by Vivo Energy Investments B.V., a wholly owned subsidiary of Vivo Energy. The rating outlook for all ratings has changed to negative from stable. "The change of the rating outlook to negative primarily reflects Vivo Energy's increased sovereign risk exposure. This is reflected by the recent change in rating outlook on the Ba1 rating of Morocco, Vivo Energy's largest market, as well as a number of recent negative rating outlooks assigned to other African countries where Vivo operates. This exposes Vivo Energy to increased sovereign risks and greater uncertainty around governments' responses to higher debt burdens and a slowing growth environment triggered by the spread of the coronavirus. " says Dion Bate, a Moody's Vice President -- Senior Analyst and local market analyst. "The affirmation of Vivo Energy's Baa3 rating, however, recognizes the company's broad geographical diversification, a strong financial profile with leverage expected to decrease this year and good liquidity, providing a degree of insulation against sudden market disruptions." adds Mr Bate. RATINGS RATIONALE The negative rating outlook reflects the weakening sovereign credit quality across Vivo Energy's countries of operation, including Vivo Energy's top three largest markets, namely Morocco (Government of Morocco; Ba1 negative), Kenya (Government of Kenya; B2 negative) and Tunisia (Government of Tunisia; B2 negative). These countries accounted for 43% of volumes sold in 2019. As of 10 February 2021, 11 out of 16 Moody's rated African countries where Vivo Energy operates had a negative rating outlook, signaling a widespread deterioration of sovereign credit quality and heightened business risks for Vivo Energy. While Vivo Energy has a good track record of navigating through the challenges of operating in Africa, the probability of event risks crystallizing are increasing as country ratings move lower. Moody's continues to believe that the company's geographic diversification across 23 African countries is a credit strength and it mitigates significantly the financial impact that unexpected changes to regulatory frameworks or other sovereign driven actions that could be detrimental to Vivo Energy's cash flows. The distribution of petroleum products for retail and industrial use remains essential to the functioning and development of African countries. These considerations are fully reflected in the Baa3 rating despite the mostly sub-investment grade countries that Vivo Energy operates in. However, there are credit linkages between Vivo Energy's rating and the relevant sovereign ratings because of the company's local operations, which are subject to local laws and regulations, and to the risk of currency repatriation, amongst others. Therefore, further deterioration of sovereign credit quality is likely to have an adverse impact on Vivo Energy's rating. The Baa3 issuer rating continues to recognize Vivo Energy's robust business profile, as shown by (1) its limited exposure to petroleum product price risk through arrangements with suppliers to land products at prevailing prices set by regulators; (2) the fact that most of its markets are regulated with absolute margins granted on fuel prices, providing certainty on gross profit margins; (3) the strength of the Shell and Engen brands in Africa; and (4) the critical socioeconomic role that fuel retailers play in African countries. In addition, the Baa3 rating takes into account the company's conservative financial policy (maintaining net debt/ EBITDA below 1.5x) and a good liquidity. This is in combination with low exposure to any single country, helps insulate the business from single market event risks. Moody's expect a stable recovery of fuel volumes following lockdowns across African countries during the second quarter of 2020 and that Vivo Energy's operating and financial performance will continue to improve back to historical levels. For the twelve months to 30 June 2020, gross debt to EBITDA increased to 2.8x from 1.9x in 2019 but is expected to improve to below 2.0x during 2021. While mobility restrictions remain a risk for 2021, Moody's base case assumes mobility restrictions are likely to be less severe than in 2020, leading to more stable volume demand in 2021. Vivo Energy's liquidity is good and supported by a large cash balance of $460 million as of 30 June 2020, of which $240 million is held in offshore accounts. Moody's understands that the company aims to keep around $400 million of gross cash on its balance sheet. In response to COVID-19, the company drew $110 million from the $300 million revolving credit facility (RCF) in the first half of 2020 and deposited it in cash as a precautionary measure. The company has also demonstrated its flexibility to reduce its capital expenditure and to amend its dividend policy to preserve cash. Moody's expects Vivo Energy to have sufficient sources of cash flows in 2021 to meet its working capital requirements; capex of around $175 million and pay dividends in line with its dividend policy. Moody's understand that Vivo Energy has $1.3 billion worth of trade finance lines, of which $323 million are utilised as of 30 June 2020, for working capital purposes to fund fuel purchases within the various countries of operation. These facilities are material in size but Moody's expect them to be only partly utilised in future. As these credit lines are uncommitted Moody's do not consider them as a source of liquidity.
15/1/2021
11:24
sam 4224: hi,yes, many thanks, a bit disappointed how this is doiig at present but certainly South Africa like us is having a rough time at the moment. Hopefully the share will come back with a vengeance. Thanks for your comment. Was beginning to think I was the only one invested here !
Vivo Energy share price data is direct from the London Stock Exchange
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