Victoria Share Discussion Threads

[nivison] 31/10/2018 09:11

But why are Spruce such big buyers?

[brokenbuckles] 31/10/2018 09:00

and as I wrote in Sep 2018... when Ennismore open a short you run a mile. That is the real lesson. Their track record is unbelievable and they only short when they know something juicy.

[brokenbuckles] 31/10/2018 08:57

Earnings downgrades plus very high levels of debt (3x net debt) is dangerous. That's why market is nervous. Only a few more downgrades away from a balance sheet problem. Plus high rating made acquisitions accretive, but acquisitions must be off the agenda until rating recovers and balance sheet defeats. Hence consolidation story on hold. Without that we are just left with a highly geared flooring distributor operating in tough end markets. 10x or about right?

[castleford tiger] 31/10/2018 08:50

Ok i will stick my neck out.

Its overdone and will recover.

Tiger

[frazboy] 31/10/2018 08:20

anyone know how you can short this share?

[loafofbread] 30/10/2018 17:00

Just looking at my 19 Jan 2018 posts.

Sorry to see anyone lose money in this market.

[staverly] 30/10/2018 16:37

Current ARA confirms management view of effective interest rate just shy of 3% (note 25). Sudden imperative to refinance debt capital suggests that this will be done at materially higher level, hence share price collapse. Suspect will go a lot lower in the short term.

No position

[bouleversee] 30/10/2018 14:45

There must be something nasty in the cupboard. Doesn't make sense that Spruce ups its holding and the share price continues to plummet. I must be £40k down on this one since the start of the year. Not funny as I am not a trader and it was a long term hold. Glad I never got round to gifting and/or bed and ISAing when I thought of it a couple of weeks ago.

[nivison] 30/10/2018 13:59

well this has caught me on the hop. really didn't expect quite such a drop. decent trading update given the current market, good decision on debt and down by 50% or more. I see Spruce have picked up about 2 million more shares to take their holding to just under 10% which is the only glimmer of light in an otherwise dark couple of days. Really is quite painful to look at my trading account at the moment. Back to where we were in Jan 2017 despite all the acquisitions since then. Ah well, just have to take it on the chin.

[essentialinvestor] 29/10/2018 16:45

HEAD is a distributor, don't currently hold.
Past peak cycle profitability imv, and did not like the Domus acquisition.

[startrekker] 29/10/2018 15:12

EssentialInvestor

I suggest you research HEAD , not a manufacturer!!!

[cmw1] 29/10/2018 11:44

What an overreaction! The company is refinancing its bank debt with a long term bond and has decided to actively grow market share to increase long term value by accepting a short term margin cut. The sort of sensible, long term decisions we are always telling boards to take...

[essentialinvestor] 29/10/2018 11:14

JHD is the quality play in this sector, however it's a stock to buy
coming out of recession, not shorty before the next one hits.

[essentialinvestor] 29/10/2018 11:10

gabrieloak, you spoke too soon.

In fairness many will have done very nicely here,
it's those buying later that have been hurt.

[topvest] 29/10/2018 11:04

Ooops - that's the growth stock rating well and truly gone. I bought this at the wrong time, that's for sure. I'm not sure that I see anything too bad. They are growing market share in a more difficult market. Seems a bit of an over reaction to me. I guess the timing is not great. just 2-3 months after a large placing.

[bouleversee] 29/10/2018 09:48

What should we make of the 3 RNS reports today? I am completely out of my depth but the market doesn't seem to think much of them.

[tiswas] 29/10/2018 08:54

I will not pretend I have come out of this market correction completely unscathed but VCP was one that worried me and I did sell out 50% higher than today's price.

The stockopedia rating of 24 swung it for me.

hxxps://www.stockopedia.com/share-prices/victoria-LON:VCP/

[bouleversee] 17/10/2018 16:22

This is such an international company now that I should have thought the global situation was more relevant than the local situation but I, too, am unsure whether to buy more in my ISA and offload some of my non-ISA to grandchildren at this moment or whether they are likely to go even lower.

[rotrader] 17/10/2018 12:03

Starting to get a bit concerned about this drop.
Should be a boom time of the year for floorcovering manufacturers, Brockways and also Adam's carpets from Kidderminster are doing well at the moment, by all accounts.

[typo56] 09/10/2018 17:45

MMs have certainly been keep (or play looking keen) to get stock recently. e.g. this afternoon you could sell 25k @ 742p. Wonder how long that generosity will last!

[gabrieloak] 08/10/2018 07:37

Essential...please make whatever case you want...debate is helpful. What I am pointing out is that the timing of that article yesterday (printing nothing new but bringing to attention what happened 3 weeks ago) coincides with the shares starting to pick up on Friday.

GO

[essentialinvestor] 07/10/2018 20:43

HEAD is a distributor, not a manufacturer
and also have net cash, no debt.
I'm not making any case for buying Headlam btw.

[gabrieloak] 07/10/2018 20:39

Comparing VCP with Headlam is laughable...we have been taking their market share for starters!

Bit like the last shorting effort precipitated by carpetright...the INEPT RETAILER...VCP the MANUFACTURER.

[gabrieloak] 07/10/2018 20:36

Inaccurate and outdated article...GW owns 20% and the news of shorters is weeks old. What they weren't banking on is the big holders (~75% of the Co upping their stakes) Smacks of total desperation..."please print something to try and get the share price down further...the stock is starting to go up and we need to buy our stock back!!" ...Well that's just great...these pondlife parasitic funds shorting a solid British manufacturing company while this country is going through a systemic change...what a bunch of Sh*tbags with no regard for the many jobs this company provides in this country...all on a hunch that the shares were "ripe for a cropping having gone up rapidly..."rather like that idiotic shorter 3 years ago...Lucian something or other...lost his shirt (and others theirs) trying to short this company...GO away and earn a proper living...