Short @ 111. Gambling again on liquidation, or just liquid (Rum Swizzle)? |
Sud - Thanks - Or in other words - Bargepole territory - unless short - best of luck. |
MRF, exactly.
For PUG, Lucien Meirs was actually caught short around the 2015 mark. He admits to that, no doubt lost a few quid.
I believe he joined the foray again @ £7ish, 2018.
The point for some time now has been the m/c of say £180m as opposed to debt of £1.1Bn.
I would think that DfE would not be pretty.
cheers |
They may need a huge equity placing in conjunction with a firm re-financing deal. Could be deeply discounted and wipe out existing holders. If shorting is your thing, this has got to be right up there, no? |
G'day Pug,
TW short piece re: refinancing, not much else, except that shorting remains possible.
I've been in and out, short from 323p. No posn at the moment.
cheers |
Bearcast out If anyone gets it - If so could you please highlight key points |
Victoria bonds now in free fall today, cant be good for the stock
VCPLN 3.625 26 85/88 [-6pts vs yesterday]
VCPLN 3.75 28 70/74 [-11pts vs yesterday] |
Realised I made a mistake, took the hit and sold these some time ago. Unfortunately the grim debt reaper is still hanging over this...
Buywell413 Mar '24 - 09:45 - 2740 of 2880 Edit
0 2 1
Buyback here looks absolute folly. Last statement debt was 670m. If they can buy that back, particularly at sub par valuations that has to trump the buyback. Always get the feeling its only a matter of time for the debt to overwhelm this company. |
Travis Perkins doing ok
Topps tiles too
Methinks victoria
Aren’t doing well |
You understand the building market is suppressed around the world right ?This is a turnaround stock when building sentiment returns |
Jumped in twice too early on this... need to reduce debt and turn a profit on all that revenue. Ridiculous they can't really... need consolidation and effective cost reductions. Strategy of shareholder value through capital gains failing miserably at the moment. |
Minuscule volume today |
When looking at the enterprise value of the Company I think that a negative share price is more realistic.....yes I know there's no such thing but why would you even pay £1 for the whole Company to take on such huge debt with negligible FCF? |
Who can tell? If Spruce are still trying to unload. Although at least Boldhaven have now exited their short. |
Anyone think this has finally bottomed out? |
More Spruce selling ? At some point I expect this will bounce, hard. Just no catalyst at the moment |
I wonder if the boss will hang on to his yacht aft3r recent events, or am I confusing with someone else? |
I see a couple of institutions are trying to unload shares. It'd be interesting how many more they'd sell if there was the liquidity. |
The first acquisition of Italian tile producer Ceramica Serra in 2017 was followed by Keraben, Ibero and Saloni in Spain, then again in Italy by Ceramiche Ascot and Keradom in 2020, and most recently by Ceramiche Colli and Ceramiche Santa Maria on 21 April this year. This last investment of 35 million euros was necessary to expand the Italian operations' production capacity (it now reaches 25 million sqm/year) and to extend its product and brand portfolio.Copied this so not sure if all the acquisitions are still part of VCP but recent news about the tile industry,sounds promising . |
Italy and Spain I believe . |
This is from...Victoria PLC - Audited results for the year ended 30 March 2024Finally, alongside all the other European ceramics businesses, Victoria has been facing sudden and very aggressive pricing competition from ceramics manufacturers based in India. However, in April 2024 anti-dumping and countervailing duty (or anti-subsidy) petitions were filed by the industry with the US government, seeking the imposition of substantial tariffs (estimated between 408% to 828%) on imports of ceramic tile from India. (A similar application is expected to the European Commission). The industry expects the US government to launch an investigation and anticipates a favourable outcome this year. |
I think they have some sort of tile distribution business out there, but I've no idea where that sources from. |
Willian127
Wtf
Read it 3 times
Victoria don’t manufacture in USA or Mexico ?
Do they |
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