The Perenti Global Ltd (ASX: PRN) share price is climbing today after the diversified mining company announced a contract update for the Savannah Nickel Project.

At the time of writing, Perenti shares are up 4.76% trading at 77 cents. It’s worth noting that the company’s share price has accelerated by more than 10% this week.

What did Perenti announce?

Investors are driving up the Perenti share price following the company’s latest positive release to the ASX.

In its statement, Perenti revealed its subsidiary, Barminco has finalised a contract with nickel producer, Panoramic Resources Ltd (ASX: PAN). The deal will see Barminco provide development and production works at the Savannah Nickel Project in the Kimberley region of Western Australia.

Barminco, wholly-owned by Perenti, is one of the world’s largest hard rock underground mining services companies.

The finalised contract is valued at around $280 million over a four-year period.

Under the original initial Letter of Intent in April, Barminco began mobilisation efforts and early mining works ahead of schedule. As a result, the company expects development and production works to increase over the next 6 months. It hopes to achieve the full amount of revenue possible by the third quarter of FY22.

Perenti managing director and CEO Mark Norwell welcomed the partnership, saying:

We look forward to working together with the team at Panoramic to develop what we all expect will be Australia’s next long-life nickel producing mine.

Despite the challenging labour market conditions in Western Australia, we have been successful in mobilising a labour force of approximately 110 highly skilled underground employees. We expect this to increase to 170 as the project ramps-up. Securing this labour force has enabled us to commence early works ahead of schedule. We look forward to providing a safe and efficient service while delivering value and certainty for Panoramic.

Perenti share price summary

While the good news has led Perenti shares higher today, over the last 12 months, its shares are down 33%. For this year alone, the company’s share price is down almost 44% following the release of its disappointing business update in May.

Perenti commands a market capitalisation of about $537 million, with over 704 million shares on its registry.

The post Here’s why the Perenti (ASX:PRN) share price is travelling higher today appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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July has not been very kind to the Insurance Australia Group Ltd (ASX: IAG) share price.

The pain hasn’t stopped today either. At the time of writing, shares in IAG have tumbled more than 2.3% in today’s trading session.

Despite a weak start to the month, the IAG share price is still around 4% higher since the start of the year.

Let’s take a look at why the IAG price has come under pressure recently.

Why has the IAG share price stumbled in July?

Since the start of July, the IAG share price has tumbled more than 4.5% to date.

The most recent catalyst that could explain the weakness in the Iag share price can be traced back to earlier this week.

On Monday IAG announced its aggregate reinsurance cover for FY22.

IAG noted that the structure of its main catastrophe reinsurance program remains unchanged.

The FY22 aggregate cover provides protection of $350 million in excess of $400 million. In addition, individual qualifying events will be capped at $200 million in excess of $50 million per event.

Snapshot of the IAG share price

IAG is the parent company of a general insurance group with operations in Australia and New Zealand. The Group’s businesses underwrite over $12 billion of premium per annum, selling insurance under many leading brands, including NRMA Insurance, CGU and SGIO.

As noted previously, the IAG share price remains slightly positive for 2021.

Shares in the insurance giant came under pressure in mid-June, following flooding events in Victoria. IAG noted that the company received more than 4,300 claims relating to floods in the Gippsland region.

For FY21, IAG’s net costs for natural disasters are approximately $660 million, having budgeted for only $658 million in natural disaster claims at the beginning of the financial year.

The floods in Victoria were the third major claim this year following the previous floods in Sydney, and Cyclone Seroja in Western Australia.

Earlier this year, IAG reported a 33.1% increase in insurance profit of $667 million. The company cited a $100 million benefit from lower motor claim frequency, largely due to COVID-19 induced lockdowns in Victoria.

Overall the company recorded a loss of $460 million, largely due to claims by businesses under IAG’s business interruption insurance policies.

IAG was also on the receiving end of a lost landmark court case in NSW last year, which sought to exclude pandemic lockdowns from business interruption policies.

The post It’s been a tough month for the IAG (ASX:IAG) share price so far appeared first on The Motley Fool Australia.

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Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Insurance Australia Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Iluka Resources Ltd (ASX: ILU) share price has moved through today’s session firmly in the red, slipping further out of the money as the day progresses.

At the time of writing, Iluka shares are exchanging hands at $8.45, having come off the intraday high of $8.72 soon after the market open.

With no market sensitive information released on the company today, let’s take a closer look at what could be driving the mineral producer’s price action today.

Brokers – effects of Rio Tinto’s force majeure

According to research conducted on 7 July by analysts Chris Perrella and Richard Bourke of Bloomberg LP, titanium oxide producers such as Iluka may “face higher ore input costs in the near term due to Rio Tinto (ASX: RIO)’s force majeure on 30 June“, for its Bay Minerals project.

This comes as similar reports from investment bank JP Morgan advocating that higher market prices for mineral sands may be needed to offset these input costs.

The report states:

…we [JP Morgan] need to run 26% higher [mineral sands] prices versus our base case forecasts over the next 2.5 years to reach the 12% uplift in the ILU share price achieved today.

Consequently, both reports agree on the point that operations in South Africa actually “represent almost 30% of high-grade titanium oxide feedstock ore outside of China”.

Therefore, both teams of analysts believe the cost of production in the industry will increase due to the forces of supply and demand, negatively impacting Iluka’s bottom line.

Iluka shares have slipped 2.2% into the red since the release of this research, having jumped 10% on the day of Rio’s announcement.

Iluka share price snapshot

The Iluka share price has spent this year to date well into the green, posting a return of 30% at the time of writing, outpacing the S&P / ASX 200 Index (ASX: XJO)’s return of 10% on the nose.

The Iluka share price has also outpaced the broad index on a single year basis, posting a return of 82% versus 22% at the time of writing.

At the current price, Iluka has a market capitalisation of $3.65 billion and trades at a price-to-earnings ratio of 35.

The post Why the Iluka (ASX:ILU) share price is down today appeared first on The Motley Fool Australia.

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The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Kudos to Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) for looking at opportunities beyond search engines and search-based advertising. YouTube and its cloud computing service arm have been smashing successes, driving at least some of the stock’s gains in recent years. These businesses have also smoothed out potential revenue bumps from one quarter to the next.

Just for the record, though, the company’s biggest revenue-generating business is still search … by far. Both Alphabet and its investors should ensure that this remains the focal point, even as it expands its presence in other areas.

It’s still all about search

Don’t misread the message: YouTube and Google Cloud are knocking it out of the park. The former’s ad-based revenue jumped 48% year over year for the quarter ending in March, as the platform became a surprising destination for entertainment-starved consumers during the pandemic. As it turns out, people like access to a universe of short-form video content. Google’s cloud-based revenue improved 46% during the same quarter, as corporations resumed their migration toward the much more flexible storage and computing format. Search ad revenue only improved 30% year over year for that three-month stretch.

Keep things in perspective, though. Search still accounts for a little over 58% of Alphabet’s revenue, down only slightly from its proportion in the first quarter of 2020. The pie charts below offer a visual summary of the company’s revenue mix:

There are some footnotes to add to the discussion.

Take traffic acquisition costs as an example. They’re incurred by Google to direct people using the web to its affiliated websites, where those users are then monetized in different ways. The company can somewhat throttle ad revenue by spending more or less on web traffic. But traffic acquisition costs (TAC) aren’t completely consistent as a percentage of search and related revenue. Last quarter’s TAC reached $9.7 billion, or 19% of Google Services revenue, versus 22% in the same quarter a year earlier. Sometimes these costs can change for the worse, though.

Chief among the noteworthy footnotes, however, is the fact that while Alphabet publishes a detailed revenue breakdown, it doesn’t provide the same breakdown for operating income. All we know for sure is that Google Services — which encompasses search, YouTube, Android, and apps — is profitable, while the company’s cloud business and “other bets” continue to lose money. Compare Alphabet’s Q1 operating profit breakdown from this year and last year:

The good news is that the company’s cloud loss is clearly shrinking. At its current rate of progress, Google Cloud may even work its way out of the red and into the black within a year or so. The bad news is that while we don’t know for sure whether YouTube is a profitable venture, if it is, it’s not likely to be wildly profitable.

Analysts and industry insiders are conflicted on the YouTube profitability question, and their collective consensus loosely suggests an operation that’s near breakeven, although the average has a wide standard deviation. Even if YouTube is firmly profitable, its revenue still only accounts for less than 14% of Google Services’ revenue, and less than 11% of Alphabet’s total revenue. Indeed, if every bit of YouTube’s revenue was converted into profit (which it isn’t — not even close), it would still be a minority of Alphabet’s total income.

In other words, it’s not a game-changer.

The bullish thesis stands, even if for a different reason

Many investors are surprised to learn just how minimally YouTube and Google Cloud affect Alphabet’s fiscal results. That’s the point of summarizing this reality in the simple graphics above. And to be fair, while both operating units are relatively small now, they’re both growing nicely, and at a much faster clip than the company’s traditional search advertising business.

If you’re a shareholder, though, this visual analysis also shows the importance of Alphabet’s core business. The profits made on search and advertising helped fund the expansion of YouTube en route to self-sufficiency, and they are still funding the establishment of Alphabet’s cloud computing operation. Investors will need some further evidence that the time, resources, and innovation put into the cloud segment of its operations is truly helping the bottom line if Alphabet is to remain the cash-cow juggernaut it currently is.

This is just some food for thought. I believe the stock’s still a buy either way.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post This is how Alphabet (still) makes most of its money appeared first on The Motley Fool Australia.

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James Brumley owns shares of Alphabet (A shares). Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Alphabet (A shares) and Alphabet (C shares). The Motley Fool Australia has recommended Alphabet (A shares) and Alphabet (C shares). The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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Regardless of what COVID-19 and lockdowns do, people still have to eat.

So if you run with that thesis, Bell Potter this week nominated 2 dairy-related ASX shares as ‘buys’ for investors to consider.

Senior industrial analyst Jonathan Snape did give a caveat though.

“Investments in the agricultural and FMCG [fast-moving consumer goods] sector should be considered high risk and come with volatility,” he said in a memo to clients.

“For this reason, we tend to focus on stocks where we see either: a structural uplift in ROIC [return on invested capital] through the cycle, cyclical growth stories, or counter-seasonal crop exposures.”

With that in mind, here are the two ASX shares:

A winning acquisition

Bega Cheese Ltd (ASX: BGA) won many fans after its acquisition of Lion Dairy & Drinks (LDD), which completed in January.

“LDD is considered a good strategic fit for Bega, as it diversifies Bega’s dairy exposure, increases scale, and accelerates the shift towards branded products,” said Fairmont Equities managing director Michael Gable last month.

Snape agreed in his Bell Potter memo.

“The acquisition of Lion Dairy & Drinks (LDD) and the targeted synergy base is expected to drive a material step change in returns for BGA over the next 3 years.”

The Bell Potter analyst also thought Bega would be more competitive at the farm gate because of “operational issues” at its rivals.

Bega shares have only gained 3.84% so far this year, to trade at $5.40 on Friday morning.

Bell Potter sees a 36% upside, slapping on a price target of $7.35.

“In the medium term, we see the potential for additional LDD synergies to be realised as seasonal milk flows are better utilised,” said Snape.

Current earnings don’t reflect future potential

A2 Milk Company Ltd (ASX: A2M) shareholders have watched in horror as their investment tumbled 63% in the past year.

An almost overnight elimination of their daigou sales channel into China forced a series of financial downgrades in the past 12 months.

But with a business that was flying high before the coronavirus struck the globe, Snape reckons A2 Milk could be a recovery bet.

“While not without near-term risks as supply chains stabilise, at its core we see A2M as a business that, once [margin] is consolidated, has baseline revenue of ~NZ$1.4 to $1.5 billion and EBITDA of ~NZ$300m.”

If the risks are well-managed, Snape can see the dairy producer reaching NZ$1.7 billion in revenue with NZ$445 million EBITDA.

“We do not see FY21 earnings as reflective of the returns the business can generate in the medium term, but acknowledge the high level of risk involved in timing the inflection point at which destocking activity concludes.”

Watermark Funds has recently bought into A2 Milk for similar reasons.

“The a2 Platinum brand continues to resonate strongly with Chinese mothers,” Watermark portfolio manager Daniel Broeren posted on Livewire.

“While there are some risks around market size (declining birth rate), and recovery timeline for Chinese travellers (daigou), these are palatable risks when the stock is trading at such a significant discount to prior valuations.” 

A2 Milk shares were trading at $7.18 on Friday morning. Bell Potter has put on a price target of $8.50, which would be an 18% return from now.

The post Why A2 Milk and Bega shares are looking so tasty now: analyst appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo owns shares of A2 Milk. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is having a day to forget. In afternoon trade, the benchmark index is down 1.3% to 7,247.2 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are sinking:

Humm Group Ltd (ASX: HUM)

The Humm share price is down 3% to 98 cents. Investors have been selling the financial services company’s shares after it revealed that it potentially has past exposure to Forum Finance, which is currently embroiled in fraud allegations. Humm’s initial review puts the company’s potential on-sold exposure at $12 million post-tax.

Premier Investments Limited (ASX: PMV)

The Premier Investments share price is down 2.5% to $26.84 due to broad market weakness. In other news, the retail conglomerate has revealed that it has instructed its lawyers to immediately request a copy of the Myer Holdings Ltd (ASX: MYR) shareholder register. Premier has commenced consultation with fellow Myer shareholders regarding the quick reconstitution of a majority independent Myer Board with the necessary skills and experience.

Western Areas Ltd (ASX: WSA)

The Western Areas share price is down 7% to $2.29. This appears to have been driven by a broker note out of Macquarie this morning. According to the note, Macquarie has downgraded its shares to a neutral rating and cut the price target on them to $2.60. It made the move in response to lower than expected shipments in the June quarter.

Zip Co Ltd (ASX: Z1P)

The Zip share price is down 5.5% to $8.29. A number of tech shares have come under pressure today following a poor night of trade on Wall Street’s Nasdaq index. This has led to the S&P/ASX All Technology Index (ASX: XTX) falling a sizeable 3% this afternoon.

The post Why Humm, Premier Investments, Western Areas, & Zip shares are sinking appeared first on The Motley Fool Australia.

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The QBE Insurance Group Ltd (ASX: QBE) share price has started this morning’s session firmly in the red.

QBE shares have faced downward pressure following announcements on 2 July the company is facing a representative proceeding from Strand Fitness Pty Ltd “and others”.

At the time of writing, the QBE share price is down 2.67%, after hitting an intraday high of $10.52. It has since pulled back to the current price of $10.40.

Let’s take a look at what is behind these downside moves on QBE’s share chart.

Advised of representative proceedings – so what?

The proceedings mentioned each make allegations against QBE on wrongfully denying cover to various policy-holders during the COVID-19 lockdown(s), for “losses arising from business interruption”.

According to QBE:

The issues raised in these proceedings appear to be substantially similar to those currently before the Australian courts in the second industry test case and QIA’s own Federal Court proceeding against Educational World Travel in liquidation and its liquidator.

The company also mentions that it is satisfied in denying business interruption claims and that it believes its decision to reserve the claims is robust.

“The allegations will be defended” state QBE in the release.

The QBE share price has had a volatile 12 months, firstly after former chief executive Pat Regan was dismissed in unclear circumstances back in September last year.

The Australian Shareholders Association also voted against the company’s remuneration report at its annual general meeting that occurred on May 5.

Since then, Australia’s second largest international insurer has appointed Andrew Horton as Group chief executive, whilst announcing Sue Houghton to the post of chief executive of its Australia & Pacific (AUSPAC) division.

QBE shares have climbed from lows of $8.03 to today’s market value, following these 2 events.

QBE share price snapshot

The QBE share price has posted a year to date return of around 22%, ahead of the previous 12 months’ return of 11%.

These gains have slightly outpaced the S&P / ASX 200 Index (ASX: XJO)’s year to date and 12 month return of 9.8% and 21.5% respectively.

The QBE share price has finished the last 5 trading days 3% in the red, extending the time in the red over the previous 1 month.

The post Why the QBE (ASX:QBE) share price is down today appeared first on The Motley Fool Australia.

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The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Afterpay Ltd (ASX: APT) share price is dropping today, along with the entire tech sector.

Currently, the buy now, pay later (BNPL) giant’s shares are trading for $116.85, 5.5% lower than they were at yesterday’s close.

The Afterpay share price’s woes are dragging on the S&P/ASX All Technology Index (ASX: XTX), which is dipping 3.18% right now.

The broader market is also falling today. The All Ordinaries Index (ASX: XAO) is down 1.33% and the S&P/ASX 200 Index (ASX: XJO) is falling 1.37%.

Let’s take a closer look at how the Afterpay share price is performing today.

What’s up with Afterpay today?

The Afterpay share price opened at $121 today. That was 2.1% lower than its previous closing price of $123.65.

It’s since plummeted lower, losing the 4.5% it had gained since last Friday’s close. Unless it makes a comeback this afternoon – which is seems unlikely right now – Afterpay will finish the week in the red for the second week in a row.

Fortunately or unfortunately, Afterpay isn’t alone in its pain today.

The company’s BNPL competitor Zip Co Ltd (ASX: Z1P) is suffering alongside it.

The Zip share price is currently 5.24% lower than its previous close, with shares in the company trading for $8.32.

Afterpay share price snapshot

Today’s major fall has put Afterpay shares back in the red. They’re currently down 2.47% year to date.

However, they’re still trading for 57% more than they were this time last year.

The company has a market capitalisation of around $35.8 billion, with approximately 290 million shares outstanding.

The post The Afterpay (ASX:APT) share price is falling on Friday appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Invictus Energy Ltd (ASX: IVZ) share price is sinking during early afternoon trade. This comes after the energy producer provided an update to its 80% owned and operated Cabora Bassa Project in Zimbabwe.

When the ASX opened up, the company’s share price fell to an intraday low of 15 cents. However, Invictus shares have slightly rebounded at the time of writing, down 2.86% to 17 cents.

Farm-in agreement terminated

Investors are selling Invictus shares following the latest news to come out of the company.

According to its release, Invictus advised that the farm-in offer received in December last year has been terminated.

The company stated that it was unable to satisfactorily complete the proposed transaction due to diligence on the unnamed counterparty. The offer had been subjected to finalising technical, legal and commercial due diligence by both parties.

As a result, discussions between the pair have stopped. Invictus is continuing to engage with other interested parties at this point in time.

Invictus noted that its near-term focus is now on completing the seismic acquisition program. This is expected to be wrapped up sometime towards the end of the third-quarter of the calendar year.

Seismic contractor, Polaris Natural Resources Inc. has received work permits for its staff to commence 2D seismic operations. Invictus is assisting Polaris with camp construction and the recruitment of 120 field crew ahead of the program start date.

Invictus intends to conduct, process, and interpret a minimum of 400-line kilometres of 2D seismic. The company will use this data to refine the location of the Muzarabani-1 well and identify additional prospects.

Perth-based, Aztech Well Construction has been appointed as the drilling project manager for the upcoming basin opening drilling program.

Invictus Energy share price summary

Despite today’s fall, Invictus shares have accelerated by more than 500% over the past 12 months. In 2021 alone, the company’s share price is up by 200%, reflecting positive investor sentiment.

Invictus presides a market capitalisation of around $99 million, with approximately 585 million shares on its books.

The post Why the Invictus Energy (ASX:IVZ) share price is dipping lower today appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Viva Energy Group Ltd (ASX: VEA) share price is jumping today. At the time of writing, shares in the energy producer are selling for $2.07 – up 5.08%. Earlier in the day, shares were up even higher before retreating back to the current price.

The massive price rise comes after the company released a large increase in earnings.

Let’s take a closer look at today’s news.

The Viva share price is rising

In a statement to the ASX, Viva Energy revealed its unaudited earnings before interest, taxes, depreciation, and amortisation (EBITDA) of somewhere between $390 million and $410 million for the six months ending 30 June 2021. That represents an increase of 34% on H1 2019. 2019’s results were better for Viva than 2020 due to the shock of COVID-19.

This large increase in earnings comes despite drops in output across petrol, diesel, and a 60% fall in jet fuels production. The company says retail sale volumes were affected by sporadic lockdowns, with an average fall of roughly 58 million litres per week. 30% of all petrol sales are from premium fuels.

The margin of its Geelong refinery has improved from $5.10 per barrel in 2019 and $2.90 per barrel in 2020 to $6.60 per barrel for this reporting period. This is a 29% improvement on the 2019 figure.

Due to the introduction of federal government’s fuel security package (FSP), Viva says it can now proceed with “major maintenance activity” (and associated expenditures) at the plant.

Investors are enjoying today’s news, judging by the rise in the Viva share price.

Management commentary

Viva CEO and Managing Director, Scott Wyatt, said

Viva Energy has delivered very strong first half performance driven by strong sales growth in our non-aviation businesses, supportive margins, and an improved refining performance since returning to full production in late 2020.

While retail fuel sales continue to be impacted by periodic lockdowns, and aviation by ongoing border closures, overall growth across all retail and commercial channels has been very encouraging with total Petrol and Diesel sales volumes up 4% and 16% respectively on 1H2019, as a comparison to pre-COVID demand.

Refining remains challenging, but supported by strong production levels, receipt of the short-term production payment grant, and the long-term fuel security package commencing 1 July 2021 that minimises the downside volatility of refining margins. Our recovery program remains on track, and I am very pleased with the performance of the business.

Viva share price snapshot

Over the past 12 months, the Viva share price has increased by 1.29%. Since hitting its 52-week high of $2.27 a share – Viva’s value has dropped approximately 10%.

Viva Energy has a market capitalisation of approximately $3.4 billion.

The post Why the Viva (ASX:VEA) share price is 5% higher appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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