Victoria Share Discussion Threads

[bouleversee] 14/1/2021 11:06

OK, thanks. I know that people are still buying carpets in the UK and as a potential customer I just wondered how they chose them. I'm surprised anyone would come and measure without being sure of a sale.

[william127] 14/1/2021 10:17

As I believe fitting is still going ahead in Britain. Shops have longer waiting list for fitting than normal and estimator can visit to measure at same time as bring samples

[longterm56] 14/1/2021 09:49

If you read the update you will see that "...nearly 75% of the groups turnover is outside UK.." and much of it is in hard flooring - tiles etc. So whilst the UK carpets are important they represent no more than 25% of the sales. Thus the UK lockdown rules are not as critical as they might first seem to be. This is now a group with worldwide spread

[bouleversee] 13/1/2021 21:05

How do you choose carpets and floor coverings if all the stores are closed?

[topvest] 13/1/2021 20:31

All spending on the home is going through the roof. No holidays. No hospitality spend. No travel spend. Spending on the home is all that is left and given you spend 24 hours a day in it, at the moment, why not? Looks like a major deal will be on the cards soon.

[bouleversee] 13/1/2021 17:24

Castleford Tiger - Not fussed either way. Have always gone for growth but last year showed that can suddenly disappear as can dividends but once paid dividends can be spent whereas disappeared gains often don't come back and one has nothing to show for one's investment. I am now of an age where income is important, and not only to pay grandchildren's school fees. One of my very long term holdings is still less than half what it was before the March fall.

[castleford tiger] 13/1/2021 17:12

TELL YOU THEY JUST DONT GET IT. Carpets beds sofas etc are selling incredibly well. never mind. tiger

[energeticbacker] 13/1/2021 16:44

Featured in today's Investor's Champion update: Victoria: revenue growth in this environment beggars belief - has anyone really been buying carpets and flooring?!

[castleford tiger] 13/1/2021 07:59

post 1548 why do you want a dividend?

[nw99] 13/1/2021 07:09

Nice update

[rotrader] 11/1/2021 13:47

Doubt it , not for a good while anyway

[nw99] 11/1/2021 13:35

Looking solid

[bouleversee] 11/1/2021 12:27

But will there ever be a dividend?

[quest2011] 11/1/2021 12:11

Small Company Share Watch recommends VCP as one of its top 10 tips for 2021. Predicts EPS of 70-90p by year end

[quest2011] 04/1/2021 12:40

BBC news: Carpet shops are 'having 10 Christmases at once': https://www.bbc.co.uk/news/uk-england-hereford-worcester-55278064

[nickycraigflooring] 23/12/2020 20:04

Have a fantastic Christmas from a former VCP employee ?

[rotrader] 23/12/2020 15:55

Merry Xmas and a happy and prosperous new year to all my ex colleagues at Victoria, even the ones I upset ;-)

[rotrader] 16/12/2020 09:16

I think it's admirable they are paying so much tax on their free shares. All they need to do now is get the share price moving so us shareholders can do our bit ;-)

[longterm56] 14/12/2020 10:19

Maybe they have been there longer but they are Non Execs and would not be part of the LTIP which is usually aimed at the Exec teams as it is in VCP

[william127] 09/12/2020 20:05

I think Andrew Harrison and Gavin Petken have been with the company longer?

[longterm56] 09/12/2020 17:51

If you look back to 2018 you can see that MS benefitted by getting nearly 400k of shares - in the long term incentive plan. This will cause him a big income tax bill. I think that the reason why no other directors have just sold is because none of the current team other than (maybe GW)were there at the time. This scheme will have been set up in 2015ish well before Hamers arrived. If you look at the current LTIP you will see that any shares will be awarded in 2024 and that up to half of them can be immediately sold to provide funds to pay the tax. This is quite normal and sensible. This will be income tax at their marginal rate which will be 47% unless tax rates change by then. If you work in a company and get shares at less than current market value the difference is taxed as income.

[rotrader] 09/12/2020 16:19

Another point I would like to make is why haven't other directors done the same. If I'm missing a trick here please let me know, it's what this board is all about.

[rotrader] 09/12/2020 16:14

I do not believe you are correct on that statement . Selling big amounts of shares in his position does not look good. If he has a big tax bill to pay he should have done what his gaffer did and borrow money off the shares. Then he could pay it back when the promised future good shareholder returns materialise.Obviously I'm not an expert, just my opinion.

[longterm56] 09/12/2020 13:49

If you get shares from share options you pay income tax on them when you get them - so I imagine that he is now facing an income tax bill on value of the shares that he got from the options. Selling half of them should cover his income tax bill. His remaining half would be subject to CGT on any gain from now on.

[castleford tiger] 08/12/2020 12:51

Not sure the tax arises until they are sold. Share based payments 356000 unless that's a base figure so 45% to pay on that about 1501/160k