2358 GMT - Don't be fooled by Viva Energy's "self-inflicted guidance wounds," says Barrenjoey, which sees Tuesday's 27% drop in its share price as a buying opportunity. It points to the experience of listed rival Ampol during 2018-2019, citing the completion of efforts to integrate systems and rebrand as the catalyst for improved profitability and performance. Analyst Dale Koenders says Viva Energy's integration of OTR clearly isn't working yet, but the company's profit aspirations remain achievable. "We suspect the market will be unwilling to trust Viva Energy until it at least guides to Ebitda recovery in 2H, better communicates the OTR performance at its investor day in 2H, or delivers earnings guidance in January 2026," Barrenjoey says.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 25, 2025 18:58 ET (23:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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