Victoria Share Discussion Threads

[wantage] 24/10/2017 14:45

Virtually impossible to buy. Being offered at 460p for 2k shares.this ones set to run and run

[slopsjon2] 24/10/2017 08:45

Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative flooring, is pleased to announce it has agreed to acquire Italian ceramic flooring manufacturer, Ceramiche Serra S.p.A. ("Serra") (the "Acquisition"), for cash consideration of up to €56.5 million (£50.4 million) (the "Total Consideration"), net of cash acquired as part of the Acquisition, to be funded from the Company's cash reserves and existing debt facilities.



€36.5 million (£32.6 million) of the Total Consideration is to be paid on completion, with the balance of €20.0 million (£17.8 million) (the "Contingent Consideration") to be paid over the next four years, subject to the business meeting annual targets in earnings before interest, tax, depreciation and amortisation ("EBITDA").



The Acquisition will be immediately and significantly earnings accretive on completion.

[wingspan] 12/10/2017 22:46

Sorry to hear that but you have acted stupidly with your posting of inappropriate news and info as well as duplicitously, I would have preferred you told us that you worked for Victoria and had been made redundant...would have gone some way in understanding the souring of your tone on here. Too late to ask if you are you the same person as Alemein...it’s just that you both drop your H’s on certain words and you read the same? Either way this board has had a fair old dose of sour grapes from the pair of you which (minorly) to my point (whether intended or not) reflects across all of the employee base. Between the both of you, you have been leaking info on this board that deserves gross dismissal and I would imagine “P Hartley, MD VCP” is fairly p:seed with Alemein given he posted his name and “chapter and verse” which turned out to be wrong anyway. It’s the duplicity I don’t like...talking like you are on an even keel but all along you have sour grapes and then finishing off by airing your laundry on here when you brought this on yourself. Sorry...but as both of you opine: all in my honest opinion.

[rotrader] 12/10/2017 21:36

I started this board as a shareholder in Victoria PLC. It as been my objective to try and give information - some good - some bad, to help other investors in this PLC.I was recently made redundant from Victoria Carpets Kidderminster , after 36 years, when they deemed it more profitable to manufacture the carpet elsewhere (see previous post's) I was investigated and threatened with instant dismissal for gross misconduct for my post's on this board.The PLC social media policeman (yes you) found my name from the Prostate Cancer Just Giving site then wasted everyone's time to pursue this dismissal .It's my honest opinion that things are looking a bit desperate with the PLC and when G Wilding decides it as run it's course, get out before him.This is my last post (in the south of France now) but will follow the board.Best of luck to all us PI's

[wwick] 30/9/2017 11:23

Why no broker updates?

[rotrader] 25/9/2017 10:40

All sounds good, but I still cannot understand this -

"G Tuft are to become a commercial partner and have purchased Tufting machinery from Victoria Carpets - makes you wonder why the group manufacturers couldn't produce it all.
Makes no sense to outsource it when Victoria PLC are such a large group"

In my own honest opinion , of course ;-)

[wingspan] 22/9/2017 00:19

Oops Alemein...seems the final analysis has you coming up a little short

[1boston] 26/8/2017 14:24

Positive note in latest Growth Company Investor where they reiterate their buy recommendation. Article reads:

"Carpets and floor coverings specialist Victoria delivered
an excellent set of results for the year to March. Revenue
growth of 25 per cent was outstripped by earnings per share
growth of an impressive 50 per cent. The shares have been
a terrific recommendation and, having spoken to
management, we’re convinced there’s plenty more to go for.
An important influence on last year’s results was the 1.2
percentage point gain in EBITDA margin, which rose to 13.8
per cent. Management has a 16 per cent target, and it’s
reasonable to expect them to hit this on a three-year view.
Each 1 per cent gain in margin is worth 12.5 per cent to the
bottom line.
So there’s still good organic growth to come. But the major
part of the story remains the strategy of using the prodigious
cash flow generated by carpet manufacturing and
distribution to make acquisitions. Chairman Geoff Wilding
points out that the European flooring market is five times the
size of the UK’s, with literally dozens of family-owned
companies. He has compiled a shortlist of targets and is
engaged in ‘active discussions’, so we should expect further
accretive acquisitions before much longer.
There’s scope to acquire £30 million of EBITDA by gearing
up to the company’s self-imposed debt ceiling. The shares
are on a p/e of around 20 times this year, falling to 18 times
in March 2019. However, it’s reasonable to expect Victoria
to outperform brokers’ margin assumptions and it’s almost
certain that it will make more than one earnings-enhancing
acquisition in this time frame."

[alemein] 14/8/2017 07:20

Hardly insider info, everyone's talking about it at Victoria carpets, Abingdon and Westex (and probably G Tuft)
I found out from P Hartley MD Victoria Carpets

[wingspan] 11/8/2017 12:55

If you are right then you are broadcasting insider information...

[wingspan] 11/8/2017 12:52

Alemein...what are you talking about ? I don't understand...has something happened with GTuft now? There is no announcement...?

Are you saying something has happened with GTuft? If so...apologies. Not what I was told.

[alemein] 11/8/2017 10:10

No need to apologise wingspan

[alemein] 11/8/2017 10:08

Perhaps PI's have read the RNS about reorganisation within the group, then realised it is not within the group (G Tuft) Then sold out because they do not trust any other information given out.

G Tuft are to become a commercial partner and have purchased Tufting machinery from Victoria Carpets - makes you wonder why the group manufacturers couldn't produce it all.
Makes no sense to outsource it when Victoria PLC are such a large group and synergies being there favourite word.
I think Phllippe Hamers as made a massive mistake here.
GW needs to look into this before the rot sets in.

[wingspan] 11/8/2017 07:50

Recent Price action (surely?) indicates something is going on here...

[rotrader] 04/8/2017 11:26

The group are doing well at the moment but could be a big mistake with Victoria Carpets moving manufacturing.
We will see.

[bouleversee] 04/8/2017 10:14

It sometimes pays to sit on your hands and do nothing. I have held for many years and it is nearly a l6 bagger for me, more if you consider the big div. they paid when Wklding took ovr more than covered my purchase costs. Makes up for the many disasters I have had.

[shanklin] 04/8/2017 09:33

For a reason, just take a look at 1boston's post 836.

Just rather disappointed that I did not buy back in to VCP as soon as I read it.

GLAH.

[nfs] 04/8/2017 08:46

Tremendous rise in the last week Anyone have a view why ?

[wingspan] 28/7/2017 11:18

You've called it R...

Let's see if you are right.

[rotrader] 28/7/2017 11:00

Probably the plan, but if not it will cost Victoria Carpets more to have their carpet manufactured by G Tuft. Come to that Abingdon Carpets will still need to make a profit also.
Could be the end of Victoria Carpets before long.

[wingspan] 28/7/2017 10:58

R,

As long as "manufacturing operations" move to the two other production facilities and not somewhere else (which - I agree - would be misleading) then how is there duplicity?

What does it matter that some machinery is sold to GTuft in the process?

As CT suggests there MIGHT be wheels within wheels - and GTuft is acquired by VCP but at this stage plausibility from my perspective is that they are moving operations and selling some kit in the process...guess we will have to wait and see...one thing though:

consultation is 30 days for the number of job losses (circa 60) that I heard about...the announcement went out on 26th June...now we are 28th July. According to the logic here of underhand behaviour we will know soon enough on GTuft.

W

[castleford tiger] 28/7/2017 10:00

unless the plan is to take it over?

[rotrader] 28/7/2017 09:22

I believe the problem is that this comment -

"manufacturing operations in Kidderminster to the Group's two other UK carpet production facilities,"
was written on documents to employees (consultation period) and in an RNS to the stock exchange.
It is clearly not the case - G Tuft are not part of the group.

[wingspan] 28/7/2017 08:59

A...you said the company was behaving in an underhanded manner because they were waiting until an opportune moment to announce a takeover (while within a redundancy scenario).

Broadly, your 1+1 equalled more than 2.

The purpose of my posts was to correct this assumption which Rotrader has now confirmed.