Victoria Share Discussion Threads

[wendydc] 10/11/2016 15:56

Has anyone else noticed VCP is trading on a current year PE of just 12x and 10.5x next year? And this for a company that has beaten every analyst forecast and had 13 profit upgrades in the last four years?

[nw99] 04/11/2016 15:40

Buying opp any day agreed

[rotrader] 04/11/2016 14:44

Interims 22 Nov - probably not there most profit making period but the next one should be.
Buying opportunity now.

[rotrader] 02/11/2016 18:34

Gone a bit quiet with VCP - busy time for most carpet manufactures - this is the time they make there money, if they are set up correctly and give the market what they want.
Time will tell.

[1boston] 26/10/2016 17:51

Interesting reading Carpetright’s management statements around their results. Increasing “some “prices 8% as a result of Sterling revaluation post Brexit as their materials bought in Europe. Suggests that other peers will be similarly affected.

However, VCP is not one of them as it is on the other side of this dynamic as it manufacturers products in the UK. Also, 25% of Victoria is Australian, increasing UK-reported profits. This should be an opportunity for VCP to grow market share.

[davebowler] 20/10/2016 13:43

FinnCap;
We think the 16% fall in the share price over the past fortnight presents investors with a compelling entry point into a fundamentally undervalued yet market dominant operator with a proven track record of consolidation and strong organic growth opportunities.

[rotrader] 19/10/2016 11:39

Agreed - opportunity to top up.

[1boston] 19/10/2016 11:21

Movement in price driven by tiny volume.

As has been written on this site and in much of the recent research, there still looks to be lots of upside in this stock and, if anything, the “hard” Brexit and consequential re-base of Sterling improves prospects further. I like the recent deal and management’s assertions that they continue to see further opportunities to make accretive acquisitions.

All in all, looks a nice opportunity to top up.

[rotrader] 18/10/2016 16:49

Share split seems to have had the opposite effect of what was expected.
Need some good news soon, busy time for carpet manufacturers.

[1boston] 07/10/2016 18:25

V positive note from Whitman Howard. Full of praise for the structure of the Ezi Floor deal. Increased their target price to 462p.

I have been positive about this stock for the last couple of years and it continues to deliver strong shareholder vale. I see no reason why this will not continue.

[davebowler] 03/10/2016 12:33

Cantors;
Victoria Plc (BUY) – Strategy continues with latest acquisition
VCP LN (327p, TP 405p from 350p), Market Cap: £297m
(Corporate Stock)

Victoria has acquired Ezi Floor, a carpet underlay manufacturer, for a maximum consideration of £19.5m. At 5.5x average EBITDA over the next 4 years, the deal looks well priced for Victoria. We estimate 3.5% EPS accretion this year and 10.5% in FY18. More importantly, it shows again the success of management’s growth strategy. Considering management is explicit that there “is no shortage” of acquisition opportunities and it feels on track to meet all objectives for the current financial year, we see continued potential upside to Victoria’s shares. We reiterate our BUY recommendation and increase our target price to 405p. This represents a PER of broadly 15.5x March 2018E earnings which we do not consider demanding considering its growth profile and, if anything, see potential upside from continued delivery of its strategy.

[2breakout] 03/10/2016 10:22

chester the weasel, have you posted this on CR slack or are you still just taking other people's stuff from there and posting it on Cats's slack? And slagging off CR at the same time?

[chester] 03/10/2016 09:12

11th April HIGH proved to be great support. Next leg up it seems.

[luckymouse] 01/10/2016 13:11

advfn restoring servers after w/e outage seems to have zapped the VCP stock split correction (but only on some servers)

[chester] 28/9/2016 06:29

Thanks davebowler

[davebowler] 27/9/2016 10:01

Finncap;

We initiate with a price target of 400p, 24% upside to the current price, and a multiple of 17x 12-month adjusted EPS. The recent 5:1 share split should help to increase liquidity and bring a broader institutional focus to the register, in what has been a tightly held stock to date.

[luckymouse] 21/9/2016 16:27

Coming into xmas carpet crazy season soon...

[luckymouse] 21/9/2016 16:27

Coming into xmas carpet crazy season soon...

[dynamoo] 13/9/2016 14:54

Very ugly pattern yesterday and today's candles. If it breaks below yesterday's low, the first stop £2.90, then if we're lucky £2.20 for FTW.Be braver Martin, there's more boxes to be ticked before this overgeared, ceo ramped rubbish makes new highs.D

[luckymouse] 13/9/2016 14:49

BOO is another good short lol

[martinthebrave] 13/9/2016 14:19

Well I would prefer a little less debt but otherwise VCP ticks the boxes for me. Fill the gap arguments belong to ouija boards. I can only see this getting re-rated and climbing.

[luckymouse] 13/9/2016 13:13

"You were only saved by results" (that were totally fantastic haha - that's what your supposed to do btw lol)
omg!

[rotrader] 13/9/2016 13:00

I see dynarods spouting is sh*te on the other board - must mean we ready to start climbing again ;-)