Victoria Share Discussion Threads

[rotrader] 26/4/2019 18:08

The old Victoria Carpets manufacturing site (Now the midlands distribution hub and still the head office) must be doing well, I've never seen so many cars in the car park.Must all be stacker truck,lorry drivers and some of the old Victoria Carpets sales and design staff,convincing customers that the product from Abingdon is equally as good to the original high standards.

[rotrader] 26/4/2019 17:42

I think you should be OK with both.The flooring trade pretty much goes with the seasons.The end game for VCP is always the take over by the Yanks , Mr Wilding must be getting itchy feet to get on with his next venture ;-)

[bouleversee] 26/4/2019 16:46

I bought some CPR just before close in the hope of recouping my loss on the ones I bought at nearly £5 in Jan. 1998. Hope I won't be compounding my loss.

It will be interesting to see how long it takes for VCP to get back to previous highs, too. Hope they don't get taken over before then.

[cmw1] 26/4/2019 15:50

This is interesting: logic and maths rather than rumour and emotion. Also worth noting Carpetright shares were up 80% yesterday based on a trading statement that UK flooring sales have turned very positive in the first months of this year.

[rotrader] 25/4/2019 18:35

Carpetright results have helped for a bit more confidence in the share price.Anymore updates should help.

[jbfnfn] 01/4/2019 19:33

This got a mention in the Telegraph Questor section on 27th March



Maybe todays rise is a delayed reaction of some kind.

[castleford tiger] 28/3/2019 07:06

You can bet your last $ he knows how things are doing at the company.

Its a very good sign.

As i said market cap WAS way below what they had paid for the companies.

I expect 600p fair value

tiger

[rotrader] 27/3/2019 19:20

The poor traders have have to to make a bit ;-)

[bouleversee] 27/3/2019 18:50

Anton bought another 97,500 today. Why is there such a big spread in the s.p?

[rotrader] 27/3/2019 18:26

Sorry, been pulled up on my grammar before - should read - imminent

[rotrader] 27/3/2019 18:21

Look at the last post's , could give you a clue.Anyway a few interesting trades recently. Need a bit more good news to flow through to carry on the climb back up.May be a while,after Alex Anton showed some balls and bought a few.( don't think directors are allowed if eminent news is on the horizon)

[bouleversee] 20/3/2019 17:55

Thanks, Geng. Will look at that later. Too busy fighting a prolonged legal battle with my County Council over my road at the moment.

Anyway, at least the share price is moving in the right direction though the sharp movements in either direction are rather strange.

[gengulphus] 20/3/2019 17:30

It just implies that the auction concerned seems to be moving the price an unusually large amount and so is being given some extra time to try to ensure it settles on a stable price. I.e. that there seems to be some reason why opinions about the fair price are changing unusually quickly at the time - but nothing about what the reasons for those rapidly-varying opinions are, nor indeed even which direction they're moving in.

That's the short version - for the long technical version, see the LSE's technical specifications in - especially section 7.2 of the "Guide to the Trading System" document, with various numbers and times provided by the "Millennium Exchange and TRADEcho Business Parameters" spreadsheet. But be warned that I really do mean both "long" and "technical"!

Gengulphus

[bouleversee] 19/3/2019 16:06

There were 2 price monitoring extensions this afternoon. No idea what that implies.

[ramridge] 19/3/2019 16:05

Something is definitely cooking.
sp up 25% in 2 days against a strong buying volume. Still, mustn't look a gift horse in the mouth.

[fastbuck] 19/3/2019 15:54

I'd say the end of a seller clearing his position, management have been buying heavily for weeks and that appeared to stop it falling any further and it sat there with no real reaction, now off to the races

[rotrader] 19/3/2019 14:38

Undervalued I'd guess.Could be some good news in the pipeline. Could do with it after the recent falls.Not to high yet I hope, got to wait for April - ISA

[nivison] 19/3/2019 13:31

hmm

is this a short squeeze or a general recognition that the share is undervalued. Up 25% in two days.

[gengulphus] 19/3/2019 03:36

When you sell some of your own shares, intending to later buy them back at a lower price, but always have a net positive position in the shares, you take a limited risk. The worst that happens is that the price rises dramatically and you don't buy back as many as you sold, or don't buy them back at all, or buy them all back but lose money overall.

When you short, selling shares you've borrowed so that you end up in a net negative position in the shares, intending to later buy them back at a lower price and return them to the lender, you take an unlimited risk. The worst that happens is that the price rises dramatically, so much that you find yourself unable to fulfil your obligations and go bankrupt.

If all goes well, the final financial outcome is the same - but there's a difference in the risk that you take part of the way through, when you've sold the shares but not yet repurchased them. And that difference between limited and unlimited risk seems pretty essential to me! (Before anyone says, yes, you can make the risk of bankruptcy absolutely tiny by keeping one's short position sufficiently small - but it's not quite zero. And I'm only arguing that the unlimited risk of shorting exists, not that there's anything wrong about deciding to take it as a calculated risk if that's what you want to do.)

Gengulphus

[nivison] 14/3/2019 18:07

well, I seem to remember at the time that Geoff wilding sold to satisfy institutional demand. This is rather different from lending out shares so the borrower can sell them and hope to buy them back at a lower price before returning the shares to the owner. Essentially very different indeed.

[bouleversee] 14/3/2019 17:35

No. What's the essential difference between that and shorting?

[rotrader] 14/3/2019 17:19

bouleversee,He didn't sell as many as Mr Wilding