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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 |
---|---|---|---|
15/1/2019 14:01 | I just did and i'm not sure what i'm missing. Read the cash flow statement, the reason you don't get a dividend and are never going to get one is that the company can't afford to pay one. They have negative TNAV, the debt was rated as junk by one of the major credit rating agencies and gearing is very high relative to profits which is always a red flag IMO. They're my reasons for thinking this is a bad investment, tell me why you think it's a good one. | arthur_lame_stocks | |
15/1/2019 13:24 | ALS I think you need to re read the interim report. | nivison | |
15/1/2019 12:46 | And it all went on plant and machinery and servicing the massive debt. IMO this is a dog that won't be around in a couple of years time. | arthur_lame_stocks | |
15/1/2019 12:44 | ALS Continued strong cash generation, with cash generated by operations of GBP34.8m, being over 100% of underlying operating profit, and double that of the comparative period last year tIGER | castleford tiger | |
15/1/2019 12:38 | They can't pay down debt, they don't generate any cash. | arthur_lame_stocks | |
15/1/2019 10:25 | Perhaps more bad news on the horizon.Hope I'm wrong, we've had these small drops before and recovered.Ignoring the refinancing debacle. | rotrader | |
11/1/2019 19:45 | Sorus has bought back 225,000 shares. They have just disclosed the buy back. | cmw1 | |
18/12/2018 11:55 | I see the first of the shorts have bought back their position: It is odd though that they didn’t disclose their buyback (which has taken place over the last two weeks) until it was done. I thought that was a legal requirement??? | cmw1 | |
18/12/2018 05:25 | Interesting to note that Talomon Capital have closed their short position on VCP. | 1boston | |
10/12/2018 15:14 | Strong positive recommendation from Midas in yesterday’s Mail on Sunday. Midas has written twice previously advising a BUY at £2.75 and a SELL at £8.35. Absolutely perfect timing! And yesterday recommending a BUY again. Worth reading the article. | cmw1 | |
29/11/2018 18:43 | Yes, interestingly large stakes. Makes them exposed to a bid. | topvest | |
29/11/2018 11:05 | Invesco and Spruce have both added a bit since then. They now hold 25.11% and 14.81% respectively. So now 39.92% in total. Also JP Morgan have appeared on the significant shareholder list as of early November with a 4.14% holding. So all of them have been adding on this drop. They could all be wrong of course. | nivison | |
28/11/2018 23:17 | Well the best of British luck with it chaps. A junk bond rating and still highly rated. You make your own minds up about it. | arthur_lame_stocks | |
28/11/2018 22:13 | No time to do that but I'll take your word for it. No guarantee that he won't have the last laugh. However, compared with a lot of the dross in my p/f VCP seems like a shining light so it would surprise me. I didn't use the subjunctive after "if" either as it seemed pedantic in view of the general standard of spelling and punctuation. | bouleversee | |
28/11/2018 21:20 | I’d suggest Arthur is worth a little less derision..he may be wrong but he’s a v long track record around here that might be worth perusing before you dismiss his view so rapidly. I’ve no dog in the fight but £300m of debt isn’t ideal ..especially when combined with a botched bond issue | rhomboid | |
28/11/2018 21:05 | Arthur_Lame_Socks - no stock and poor grammar “But if I was looking for something...” ....”But if I were looking....” | cmw1 | |
28/11/2018 20:16 | Arthur Lame Duck - sorry, Stocks - Ah, so you would be coming rather late to the party, then. I have been in for many years and I'm not too concerned that they don't pay a dividend because a) they paid a huge special after Wilding took over which more than paid for my purchasing costs so my 7450 shares have cost me nothing and despite the recent drop are still showing a very good paper profit on zero; b) I don't need extra income, especially if taxable ; c) I rather assumed that the company would be making better use of the money than I could. I can understand that a newcomer might find VCP less attractive, having missed out on what to me is something of a bonanza, and who knows what the future holds? Nevertheless, I think its international spread is comforting with Brexit or no Brexit looming and I can't think the directors would be investing significant sums if there was a danger of bankruptcy. No, I didn't know about the S&P credit rating and have no idea how significant/reliable that is. All I can say is that I would expect an acquisitive company to carry quite a lot of debt. Perhaps those more knowledgeable than me could comment on this aspect. Having taken advantage of the recent steep fall to gift my shares between 6 members of my family. thus spreading the risk or benefit, and to buy £10k worth more in my ISA, I am just keeping my fingers crossed that that will turn out well but that is not what keeps me awake at night. As you say, time will tell, but at this moment I am not bovvered and I can't think they will go bust overnight. Wilding is a very shrewd operator. Someone commented about the FD's failure to buy along with his colleagues. That could be entirely for personal reasons. Does anyone know what his holding is? | bouleversee | |
28/11/2018 17:36 | To answer the question I don't have any position in this company, I just took a look at them today and decided I think they will go bust and the equity is worthless. | arthur_lame_stocks | |
28/11/2018 16:59 | One last point. Have you asked yourself why Standard & Poor's have given them a credit rating of BB- and do you know what this means? | arthur_lame_stocks | |
28/11/2018 16:51 | Well we'll have to agree to differ and let time be our judge. But by the way have you ever asked why the company doesn't pay a dividend? It's because it can't afford to. | arthur_lame_stocks | |
28/11/2018 16:31 | Arthur Lame Stocks - Do you actually own any shares in VCP? | bouleversee |
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