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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Victoria Plc | LSE:VCP | London | Ordinary Share | GB00BZC0LC10 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
27.00 | 11.37% | 264.50 | 261.00 | 264.50 | 265.00 | 237.50 | 242.00 | 752,692 | 16:35:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Carpets And Rugs | 1.48B | -91.8M | -0.7982 | -3.28 | 300.75M |
Date | Subject | Author | Discuss |
---|---|---|---|
06/8/2018 14:43 | The small investors didn't the chance to participate, however, which I find very annoying as it dilutes the value of my own holding. | bouleversee | |
06/8/2018 06:13 | It appears my assumption of Victoria's acquisition strategy is right. Continue to acquire more business via equity fundraising. | walbrock82 | |
05/8/2018 14:44 | What if you take an even longer term view? I bought 490 shares in VCP in my ISA in Jan.06 costing me £2986.69 and they started to do less well just before Wilding arrived on the scene and took over. They then paid me a special div. amounting to £4,350, thus more than covering my purchase costs, and my holding of 7450 (after the 5 for 1 share split in 2016, which cost me nothing) is now worth £63,325. I'll leave it to you to work out the annualised gain in those circumstances but I reckon I have done pretty well, so well I'd be tempted to top slice or sell half if it were not for the fact that they had to come out of my ISA when they went on AIM and never got put back so there would be cgt to pay. I just hope they won't get taken over as I'd lose the AIM IHT concession, which at my age is also a consideration. Yes, they may tail off a bit but even so, I can't think of anywhere better to put this money at the moment so I'll be holding on and keeping a close watch. | bouleversee | |
05/8/2018 11:34 | Read my analysis on Victoria’s acquisitions, here | walbrock82 | |
03/8/2018 17:25 | News of another acquisition maybe. Its happened before after the results were published. | rotrader | |
02/8/2018 18:50 | Problem with your link - looks like subscription is needed. Feel free to tell us more. | rotrader | |
02/8/2018 18:32 | In-depth article on Victoria in latest shares magazine concludes "the shares have performed phenomenally well, but Victoria remains a compelling consolidation story..." www.sharesmagazine.c | wendydc | |
01/8/2018 12:29 | All sounds good with the results and comments from the executive chairman and group finance director . There are some concerns I have as a long standing shareholder.The comments of "outsourcing production to provide a buffer" and "reorganising our U.K. Production and logistics to improve efficiency and provide increased capacity due to continued strong demand" may well be the case for the majority of the group, but I have heard that is not the case at Victoria Carpets and the Kidderminster distribution hub.Outsourcing manufacturing happened because of the inability of one of the UK manufacturers to maintain the quality and production of the original manufacturer (Victoria).The distribution hub are also having problems - Lorries going out with the wrong orders or duplicated orders.Also residents complaining of the 24/7 disruption with the transport and noise.I hope these are just teething problems and that it doesn't reflect on the group with their ongoing reorganisation and synergies. | rotrader | |
25/7/2018 05:51 | Are cracks appearing in Victoria PLC? Goodwill tripling, basic EPS disappoints, and sales growth is below assets. Read the full analysis: | walbrock82 | |
24/7/2018 17:11 | Another stonking set of results. And positive about 2019. | wendydc | |
22/6/2018 15:39 | Very positive signals coming from VCP insiders: the Finance Director picks up 395,000 shares at £8.57 a fortnight ago and today the Chairman chooses to arrange a loan facility against his shares rather than sell any. | wendydc | |
22/6/2018 10:56 | He has been at Victoria PLC for a lot longer than he said he would. Perhaps another opportunity beckons. Watch this closely. | rotrader | |
22/6/2018 09:35 | On the other hand, he's using his shares to borrow (see RNS today below); I wonder what he needs so much dosh for. Victoria PLC ('Victoria', the 'Company', or the 'Group') Director / PDMR Shareholding The Company has been informed that Geoff Wilding, Executive Chairman of the Company, has pledged part of his shareholding in the Company to JP Morgan as security in respect of a personal loan. There is no change in Mr Wilding's beneficial shareholding in the Company and through Camden Holdings Limited he continues to have an interest and voting rights in 26,438,650 ordinary shares representing 22.47% of the issued share capital of the Company. | bouleversee | |
22/6/2018 08:13 | Perhaps we should all have a wip round for Geoff. I think its the second time he has done this. | rotrader | |
20/6/2018 19:47 | Not quite. He got them through the LTIP | nfs | |
19/6/2018 22:17 | Only just realized that the cfo made a big share purchase last week worth about £3.4 million - seemingly a serious statement of his thoughts about how the business is doing! | gargleblaster | |
06/6/2018 08:18 | 40harry - are you short the stock? | gargleblaster | |
09/5/2018 07:46 | It just interests me that a very large successful fund is invested here and still building. I have my own ideas on how much this company is worth thanks and don't feel the need to broadcast them to everyone else. | nivison | |
09/5/2018 07:25 | this stock was a momentum buyers wet dream but anything above £8 is too rich for me - expect to see it range trade for months from now on until news | rachael777 | |
08/5/2018 15:56 | You would have to ask them....at a guess they think the company is undervalued. Does not mean that they are correct however, indeed, professional investors only get it right c.50% of the time...If you think that the route towards successful investing is to justify your own actions by seeking out someone else who is doing the same thing as you, good luck | 40harry | |
08/5/2018 10:59 | Why then do you think Invesco keep increasing their holding ? | nivison | |
07/5/2018 21:55 | New profit should read £16, not £18 | 40harry | |
07/5/2018 21:50 | 1) Newsflash - capital = equity + plus long term debt. If you think that they have only raised capital twice, i would encourage you to look at their cashflow statement where you can look out for both (not just equity). Oops. 2) Wrong again (you're really not off to a great start). I'll explain and help you out with an example. Let's take 2 identical companies (VCP)and company B - neither pay tax - this simplifies things. Both have revenue of £100, PAT of £10 and 100 shares in issue of £1 each i.e equity = 100. VCP raises £100 of debt and buys company B. The cost of debt is 2%. In the first year of acquisition, VCP's EBIT drops to £8, while the acquired company generates £10 again. The investor looking at EPS would say - new group profit is £18 (£8 + £10 - £2 (interest)) that's an 80% increase, that's great. ROCE meanwhile says what's going on, as group ROCE goes from 10% (10/100) to 9% (18/200). The EPS investor misses this point and buys more shares overlooking the worsening performance of the original business. You also miss the point when you say "The reason EPS has increased over the last 5 years is that the earnings have increased much faster than the capital raised". The major EPS driver has actually been management acquiring businesses cheaply (at a significant discount to their own valuation). When this happens, acquisitions are always going to be earnings accretive. When this happens, you need to look deeper (beyond the superficial 'EPS growth') and remember that if a company buys some revenue and profit generating assets (at a fair price) the value of the acquiring company should not change, as cash has been exchanged for an asset (and profit). The fact that earnings goes up afterwards, just says either debt is cheap or the company has been acquired (relatively) cheaply. EPS growth does not mean a great company, as all it has does has acquired other businesses at fair prices. If this is indeed the case, VCP (to me) is quite obviously overvalued. But what if they were fair prices for those owners, but under new management or as a larger group these businesses have prospects that were unattainable as standalone businesses. This, in my mind would justify the valuation gap we're seeing between VCP and the businesses that it's bought. I therefore put it to you - can you provide evidence of how VCP has either: 1) consistanty doubled the operating profit of the companies it has acquired (this would need to be the case as 17x (pro-forma P/E) is >2x acquired businesses of 7x P/E); or 2) Please identify and quantify the uplift in the group's growth rate following the acqisition i.e. by comparing growth rate of 2 standalone businesses with one VCP group. 4) No i'm not.... 5) please quantify margin expansion and growth rate and how it compares to the market (words are not use to me). Margin expansion also needs to be split out from the acquired businesses - as they could have just acquired higher margin businesses, thereby lifting up group margins 7) the point is quite obvious - i don't see how the company is going to repay its debt, especially given 1) debt is 6x FCF and 2) mgmt are heavily to incentivised to acquire new business i.e. expect more debt | 40harry | |
05/5/2018 18:28 | 1boston, I think 40Harry is to be commended. Yes, he has made numerous errors (you have pointed some out) and his conclusions are therefore wrong, but at least he has made an effort at proper analysis rather than the superficial comments one sees so often in share chatrooms. | wendydc |
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