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Caltex feels the pinch in margins
7 hours ago

Caltex feels the pinch in margins

Fuels supplier Caltex has advised of a “challenging” first quarter with weak refining margins, a shutdown at its oil refinery and a dip in convenience retailing returns.

Caltex’s margin on …
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Investors Who Bought Caltex Australia Shares Five Years Ago Are Now Up 35%
3 weeks ago

Investors Who Bought Caltex Australia Shares Five Years Ago Are Now Up 35%

Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. And in our experience, buying the right stocks …
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Viva Energy misses profit targets as refining margins squeezed
3 weeks ago

Viva Energy misses profit targets as refining margins squeezed

Viva Energy’s annual net profit missed its prospectus forecasts by nearly 10 per cent as weaker-than-expected Asian refining margins hit returns at its Geelong plant.

Underlying profit after tax was …
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‘Everyone is fed up’: Caltex bats away criticism of its store strategy
3 weeks ago

‘Everyone is fed up’: Caltex bats away criticism of its store strategy

Caltex Australia has batted away criticism from analysts and shareholders that its strategy to take back control of its franchised stores and boost retail and convenience earnings is “going backwards”.


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Caltex in buyback after beating guidance
3 weeks ago

Caltex in buyback after beating guidance

By  •  Markets

Caltex will launch a $260 million buyback after beating guidance with a $558 million full-year profit.

The fuel giant’s profit for the 12 months to December 31 came in above …
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Viva Energy raises $100m to fuel more petrol station buys
4 weeks ago

Viva Energy raises $100m to fuel more petrol station buys

Viva Energy REIT has extended the run of real estate investment trust raisings this year as it looks to expand its $2.5 billion empire of petrol stations and convenience stores.


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Caltex Australia Limited (CTX) – The Fuel Retailer With 25% Market Share
1 month ago

Caltex Australia Limited (CTX) – The Fuel Retailer With 25% Market Share

Caltex Australia Limited (ASX: CTX) is the largest Australian fuel retailer with a 25% market share. The industry is dominated by the Big 4 fuel retailers (in declining order of size):


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Why Viva Energy shares shot higher but Coles shares sank lower today
1 month ago

Why Viva Energy shares shot higher but Coles shares sank lower today

The Viva Energy Group Ltd (ASX: VEA) share price has been one of the best performers on the local market on Wednesday.

At the time of writing the fuel retailer’s shares are up …
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Caltex $500m buyback tipped
1 month ago

Caltex $500m buyback tipped

Caltex is tipped to launch a $500 million-plus buyback when it releases its half-yearly result to reduce excess franking credits and to offset weaker earnings.

In a note yesterday, …
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Viva Energy again downgrades profit estimates as refiner margins sag
2 months ago

Viva Energy again downgrades profit estimates as refiner margins sag

Recently listed fuels supplier Viva Energy has again downgraded its profit guidance for 2018, citing weakness in Asian refining margins, as warned that profit from refining this first half of …
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