||EPS - Basic
||Market Cap (m)
|Household Goods & Home Construction
Victoria Share Discussion Threads
Showing 5251 to 5272 of 5275 messages
|I have been a long term advocate and see a company that beats market forecasts every year, a track record of making successful acquisitions, and a stated plan to continue growing. I continue to think there is material upside and cannot see any reason why the company will not create more shareholder value.|
|Does anyone have an idea what is causing the recent weakness?This is down 6+% the last couple of days with no news or anything hmmm|
|The problem with Tempus is that it excludes the possibility of further deals, which VCP has stated repeatedly it is going to do and has the funding to do. Another half-decent acquisition that increases eps by 20% (and note VCP has achieved more than double this every year for the last four years!), then the shares are less than 12x and cheap.|
|Times article doesn't follow in my mind. Essentially a positive report from a journalist who has been negative about VCP historically and then an avoid. Also, doesn't the historic success of VCP in undertaking accretive acquisitions make it more likely than not they will do so in future?|
|Avoid in the Times|
|Very true Bones. But VCP is only making a couple of acquisitions a year (and none are "bet the farm"-sized) and the company's statement this morning confirms bank debt/ebitda is still under 2x. Combined with their strong cash generation, I think they'll be ok.|
|Keep an eye on the balance sheet. Rapid acquisition sprees have killed companies' finances in the past.|
|Today Europe - tomorrow the World ;-)
|Over 2 million volume today, the most in nearly 4 months.
Here's the link to yesterday's presentation:
In the update on strategy, it is clear the company is now focused on reducing logistics costs with the help of consultants by between 100bps and 200bps over the medium term. It is also prioritising an acquisition of a hard floor coverings business in the UK and a leading floor coverings business in Europe. It now has a significant ‘war chest’ for acquisitions and on our estimates has the ‘firepowerR17; to add another £25m on our estimates through debt assuming net debt does not exceed 2.5x EBITDA in FY18. The stock, which has risen by 40% since November, could see a period of consolidation. It remains, however, undervalued, in our view, at 15.4x our FY18 earnings forecasts. We reiterate our BUY recommendation but raise our TP to 475p from 425p, which broadly puts the stock on 17.5x FY18 earnings and is in line with our medium term earnings growth forecasts.|
|Chunky buys today, the CMD obviously went down well...|
|Possibly more movement upwards after the Capital Markets Day on the 25th|
|...See post 8097 on the FXD board|
|It's pushed strongly through 385p which was a technical threshold.|
|Has it been tipped?|
|Wonderful movement upAnyone care to explain why?|
|Nice bump to the share price too|
|Looks like a good appointment to the board - should help with more European acquisitions.|
|iii - Top 10 "picks" for 2017 - [...]
Operating in a highly fragmented industry, carpet-maker Victoria (VCP) is gearing up for a highly active year of M&A. It's expected to reveal a £40 million budget for such transactions, which will go hand-in-hand with good organic growth, strong cash generation, low risk operations and a compelling valuation. Each one of its seven previous acquisitions have been earnings enhancing.
Of course, Brexit risks to the economy are very real, although management could use sterling's weakness to their advantage to gain pricing power. finnCap reckons the shares could run 22% higher, giving them a price target of 440p.|
|Do not bother with jambo's Subscription link - www.research-tree.com promoter.
|You are right with your comments, unfortunately not everyone see's it that way.
But not to worry this should help us bounce - R.E. post 714
Geoff Wilding, Chairman of Victoria PLC, commented:
"Dunlop is another important and strategic acquisition for us, and one which reinforces our strategy of targeting earnings-enhancing acquisitions in addition to organic growth. It will make a positive contribution to Victoria's profits whilst diversifying our market exposure. Post-completion, nearly 30% of Victoria's earnings will come from Australia - a dynamic and growing market and a strong economy.|
|Should be a bounce, I'm in for a few more|