Victoria Share Discussion Threads

[1nf3rn0] 25/6/2020 09:12

Yes very encouraging. I'd sold a few on the intraday spike past 270p earlier in the month to derisk, but happy to buy back now, at a 10% lower price too, following the reassuring update. Hopefully a steady climb from here back through 300p and onwards.

[rotrader] 25/6/2020 08:06

Update sounding positive

[sharemonkeymagic] 22/6/2020 18:32

Well from what I've heard, Alliance are rushed off their feet with delivers and Abingdon Sales are booming again! That all sound good to me.

[rotrader] 22/6/2020 18:14

Looks to be a few people in at the Head office in Kidderminster but not much transport in an out considering it is also the midland distribution depot since it stopped manufacturing there.Not sure how it's working out at Abingdon in Wales with their different rules but it isn't looking good for the foreseeable future in the UK for floor coverings.Maybe a buying opportunity but I will stick with Gold miners at the moment.

[rotrader] 29/5/2020 08:38

Being a multi national company surely they could afford a few sewing machines and source the material for PPE masks. Would be great PR for a company that hasn't exactly covered itself in glory in the past.They have the skills in the patterning Dept where they have overlocking and other sewing machines.I worked at Victoria Carpets for 36 years.I hope that helps - Bart1066 & Madmiasdad.

[madmiasdad] 27/5/2020 18:23

You are correct bart1066
There are no means of making PPE
In the process of tufting and backing carpet .
I’m sure Victoria would have jumped
To help the cause

[bart1066] 26/5/2020 15:44

Have you ever seen a carpet loom? Or backing plant?
Carpet companies do not make carpets with sewing machines

[rotrader] 26/5/2020 14:52

I think bearsie has a point.It's also obvious that you do not know that there are materials in a carpet factory that could be used for public face masks and overlocking , sewing machines to make them. I'm sure that they could source the correct material forNHS masks.Come on VCP we are all in this together

[rotrader] 26/5/2020 14:48

I agree, would have been great for PR

[bart1066] 19/5/2020 22:43

Bearsie, it's obvious you dont know the difference in machinery for carpets and ppe
I recommend you cut a.piece of carpet and use it as a face mask next time.you go out see how it feels...

[bearsie] 19/5/2020 22:05

It is a real shame that VCP couldn't have turned manufacturing to making PPE for frontline staff. It would have been relatively easy for them to do so. A sell recommendation in the Week - no doubt most of the staff are furloughed as well and the Directors have or haven't taken a pay cut? I have seen a lot of companies rise to the occasion in this crisis but this isn't one of them sadly

[1nf3rn0] 07/4/2020 10:29

I've banked some decent profits elsewhere and taken another nibble here as I'm sure it'll join the rally sooner or later. Housebuilders have bounced back very strongly over the last few days, up over 25%, whereas this has dropped slightly, so seems good relative value.

[bouleversee] 06/4/2020 15:07

Well, clearly the market isn't.

[sharemonkeymagic] 06/4/2020 14:44

On the flip side.
When we start to come out of the other side of the lock down, half of the lounge carpets in the country will need replacing due to kids wearing them out doing Joe Wicks workouts!
More seriously, our country will open up to movement within, well before international travel becomes common again. People will think twice about holidaying so much as the world will get over this in different stages. I think holiday insurance premiums will shoot up too.
Maybe some of the downturn will be counter-balanced with people spending more time at home and spending some of that holiday money on home improvements instead. Especially after being stuck inside staring at there old warn out carpets.
Also, remember that for the carpet side of the business, the spring and summer month are the quieter months for this industry. Business normally picks up from September onwards.
The directors seem quite confident at this price.

[lefrene] 30/3/2020 11:38

I agree bouleversee. They have to keep us alive as they need peasants to milk! :¬) Floor coverings will indeed be way down on the list of 'must haves', although there will always be public and commercial buildings that require floor coverings, but the market will be much smaller than at present.

[bouleversee] 30/3/2020 11:15

Nobody will be coming into anyone's house to fit and nobody will be going out to choose them so sales will have completely dried up, won't they? And a spokesman said on R4 this a.m. that it will go on for 6 months, by which time many companies will have gone to the wall (am not saying this one will) and many people, including those living largely off dividends, will have no money to spend on anything but essentials. However, we'll be lucky if we are still alive to be aware of that!

[lefrene] 30/3/2020 10:43

New flooring and carpets are something that can be put off unless it's the completion of a new build, and I would think that in the aftermath of the income destruction that's happening right now there will be low demand for new housing, and much less house moving happening. They also carry a high level of debt and I would guess the value of the assets are crumbling too, if they are leases, freeholds, and stock in the warehouses?

Was it high borrowings in a dash for growth, but now unhappily caught on the wrong side of an event that couldn't be foreseen?

[maxiprime] 27/3/2020 11:53

Could be 3 quid today at this rate. They have no stock, every buy is ticking it up.

[maxiprime] 27/3/2020 10:54

3 quid on the way next week

[maxiprime] 27/3/2020 07:57

More buys. Directors see value

[bouleversee] 26/3/2020 15:24

Fine if you haveloads more cash to risk and haven't had all your dividends axed.

[maxiprime] 26/3/2020 14:00

It is if you are buying or adding down here. Ok then 4 quid how does that sound?

[bouleversee] 26/3/2020 11:58

Big deal! Not very exciting if you paid over £8.

[maxiprime] 26/3/2020 11:24

3 quid next week.

[rotrader] 26/3/2020 09:48

Well done VCP board for the confident update.