Victoria Share Discussion Threads

[alemein] 17/8/2016 14:22

Sounds like it could be beneficial to us.


"A stock split is usually done by companies that have seen their share price increase to levels that are either too high or are beyond the price levels of similar companies in their sector. The primary motive is to make shares seem more affordable to small investors even though the underlying value of the company has not changed.

A stock split can also result in a stock price increase following the decrease immediately after the split. Since many small investors think the stock is now more affordable and buy the stock, they end up boosting demand and drive up prices. Another reason for the price increase is that a stock split provides a signal to the market that the company's share price has been increasing and people assume this growth will continue in the future, and again, lift demand and prices.

The bottom line is a stock split is used primarily by companies that have seen their share prices increase substantially and although the number of outstanding shares increases and price per share decreases, the market capitalization (and the value of the company) does not change. As a result, stock splits help make shares more affordable to small investors and provides greater marketability and liquidity in the market."

[luckymouse] 10/8/2016 13:10

1600 (gap)

[chester] 10/8/2016 12:41

Looking good LM...

[luckymouse] 10/8/2016 11:32

1600 (gap)

[wendydc] 03/8/2016 08:57

Now even the Investor's Chronicle changes its mind about Victoria - from SELL to HOLD!

[molatovkid] 01/8/2016 09:19

topped up...i make you right

[wendydc] 29/7/2016 13:31

This won't stop until it is north of £15. Even then it will be a high growth, quality business on a modest 12.5x consensus earnings. Another acquisition and it will pop over £20.

[molatovkid] 29/7/2016 10:42

Annnnddddd.....up we go.....

[rotrader] 28/7/2016 20:46

Shouldn't really say I told you so(posts 596 & 601), but I'm going to anyway - it is my thread to be fair ;)
Onwards & Upwards GLA

[staverly] 28/7/2016 17:08

or maybe not judging by today's share price surge. FWIW, spoke to an insider today who poo-pood my thinking (see 651 above) on the basis that VCP is a steal on relative peer valuation terms.

[molatovkid] 28/7/2016 08:35

Good start!

To £15 and beyond !

[staverly] 28/7/2016 04:03

Bearing in mind mcap was around 17m on Geoff Wilding's arrival compared to today's 225m, the exec. chairman has done a stellar job. But taking into account the addition of 78m debt since his tenure and even allowing for the sizeable dividends, the corresponding increase in book value (38 to 71), IMO suggests stock is fully valued. DYOR

[blondeamon] 27/7/2016 14:40

Up and away, really good value here.

[davebowler] 27/7/2016 10:38

Cantor;

Following these better than expected results, which fundamentally endorse the success of the company’s strategy, we are upgrading our FY17 pre-tax profit forecasts by 8% to £27.0m. Looking ahead, the company should benefit from better buying terms from suppliers and cost savings in logistics, which is a particular focus of management in FY17. It will also seek earnings enhancing acquisitions as over the last three years. It has made an encouraging start to the current year, including in the most recent weeks subsequent to the ‘Brexit’ vote. The stock has declined by 30% since its high in April and, in our view, is significantly oversold on the basis of these results and future prospects. It is now valued at just 10.8x our revised FY17 earnings forecasts. We reiterate our Buy recommendation and our TP of 1750p.

[wendydc] 27/7/2016 08:55

Outlook bright to building on a strong FY2016.

Cantor Fitzgerald have stated that “following these better than expected results, which fundamentally endorse the success of the company’s strategy, we are upgrading our FY17 pre-tax profit forecasts by 8% to £27.0m”.

They have reiterated their Buy recommendation and their TP of 1750p.

[1boston] 27/7/2016 08:53

Re investors chronicle, old news and yesterday's announcement shows how wrong it was then and now

[wendydc] 27/7/2016 07:04

I don't know who wrote this old article but that's his credibility shot (and his bank account if he really did short the shares!). Victoria has delivered extraordinary earnings (again) and, best of all, the net cash flow matches declared profits of £18.2 million, which means the profits are real, not just on paper.

[luckymouse] 26/7/2016 23:48

Its dyno of course testing if the ground is soft or hard

[extrader] 26/7/2016 18:33

Hi all,

This may give some background into Wilding's interest in 'further group-level M & A' :


hxxp://www.shareprophets.com/views/16427/victoria-plc-a-carpet-maker-overdue-for-a-shagging

He seems to be a remarkably 'effective' turnaround expert. As an aside, his trenchant post Brexit outlook comments make amusing reading. Not in itself a reason to buy the shares , of course !

NAI, DYOR etc etc

ATB

[dadedidodu] 26/7/2016 18:22

It's a wonder then that there aren't more competitors out there, or why management at the five companies acquired by Victoria were happy to sell out for an average of 4.5 times cash profits. In response to the latter, it may be due to the fact that the operating margin in the last year of solo trading for Westex, Abingdon and Whitestone Weavers was between 24 and 52 per cent higher than the average of the four previous years. In Interfloor's case, 2015's operating margin of 11 per cent was three times the average of the previous four years.

That's a start, but highlights a key challenge for the group. All of the firms acquired have been bought for the quality of their management, who have all agreed to lock-ins of three to five years. For now, these businesses have been granted operational autonomy, before "later getting together and thinking how they can start to improve their results", in Mr Anton's words. Mr Wilding also says he has little to do with each subsidiaries' operations, and is instead focused on further group-level M&A.

[rotrader] 26/7/2016 18:05

We get rid of dynaroo then dadedidodu turns up, and he couldn't even find anything up to date to deramp

[luckymouse] 26/7/2016 17:28

dadedidodu - of course the IC has so many successes with their tips (kiss of death usually lol) - an update upon todays results would be more current at least