Victoria Share Discussion Threads

[arthur_lame_stocks] 10/11/2021 09:22

I'm glad the acquisitions are earnings accretive, that might take their earnings from less than nothing to something at last.

[drk1] 10/11/2021 09:16

Nice little addition to the VCP family today, not long before we see £12+ here.

"We continue to have substantial amounts of capital to deploy and are in active discussions with additional high-quality opportunities to grow our business. Therefore, shareholders can expect further earning accretive acquisitions."

[rotrader] 03/11/2021 17:13

Up and down like a brides nighty.Get in at this point, I believe.

[drk1] 13/10/2021 16:27

Probably the best interim statememt from any listed buisness I've read post Covid!

[rotrader] 13/10/2021 10:09

This is looking good for a big increase in the share price.

[william127] 13/10/2021 07:43

Good trading update today "-- Victoria's Italian ceramic business has its full production output now sold out until Q2 2022 - an unprecedented situation - and management are actively working on plans to further increase capacity."

[rotrader] 24/9/2021 15:54

Don't panic pike

[ramridge] 07/9/2021 09:39

revenues +70% of same period last year is substantial.
For the FY, broker forecasts are 30% increase over previous FY.
At HY stage, if rev comes at 70% growth, then forecast profits and eps will have to be substabtially upgraded.
Have taken a position.

[longterm56] 07/9/2021 09:22

Victoria PLC (LSE: VCP) the international designers, manufacturers and distributors of innovative flooring, is pleased to announce the following trading statement ahead of its AGM to be held later today.



· Trading continues to be solid, with consumers continuing to invest in their homes and commercial demand for flooring returning. Year-to-date, revenues are c.+70% ahead of the same period last year (c.+50% on a like-for-like basis excluding the impact of acquisitions), and more than 50% ahead of the same period in 2019. This is despite the extended and on-going lockdowns in Australia, that have materially affected sales in that division, which normally makes up c.15% of Group revenues (although the experience of the last 18 months suggests that the impact of the Australian lockdowns will be sales deferred, rather than sales forgone).



· Inflationary pressures on raw materials experienced earlier in the year have abated somewhat, although, at the time, the Group took action promptly to broadly maintain operating margins.



· The Group's investment in its UK logistics operation continues to pay dividends, with the superior service Victoria provides to customers driving an increased share-of-wallet.



· The acquisitions in Italy, the Netherlands, and the USA, as announced earlier in the year are performing in line with expectations. In particular;

o The synergies being realised as the operational integration moves forward in Italy are better than expected by management. It has become clear that, with the completion of some minor upgrades, the clay atomizers acquired as part of Santa Maria will be capable of servicing more production than anticipated - reducing the cost of clay, the single-most important raw material in a ceramic tile.

o Work is already underway to distribute certain products manufactured in the Group's European factories into the USA via the Cali on-line business.

o Consumer demand for Cali's unique LVT (luxury vinyl tile) products continues to exceed management expectations. Consequently, LVT sales now amount to more than 10% of Group revenues.

o The continued growth of our artificial grass business (annual revenues now exceed €80 million), with the addition of the most premium brands in this product category (Royal Grass and Edel Grass), has enabled some margin-enhancing vertical integration in fibre extrusion. There is further strong growth potential with this product category as consumer demand continues to grow.



· The Group continues to be involved in active negotiations on several high quality, value-creating acquisition opportunities, and has the capital in place to execute on them.



The Group will provide a full update on trading for the 26 weeks ended 2 October 2021 when it announces its Interim Results in November.



Victoria's Annual General Meeting at 1.00pm today, is being held at the office of Brown Rudnick LLP, 8 Clifford Street, London, W1S 2LQ.

[william127] 05/9/2021 20:09

Plenty of private British flooring companies left. Ulster Carpets I would say the best in the world at what they do. Cormar Carpets, Adam's and Penthouse are still private

[topvest] 04/9/2021 13:04

Yes, just Brockway Carpets really left.

[rotrader] 04/9/2021 10:51

Post 1644 - 1646.Heard about this a while ago, my understanding was VCP head office was to remain in Kidderminster and the distribution hub to go to Worcester. But info I received may not be totally correct - we will see.Won't be a lot left in Kidderminster to do with Carpets before long. Brintons have virtually moved everything out.

[topvest] 03/9/2021 19:54

Local news show that Victoria are setting up a new head office in Worcester.

[dr knowledge] 01/9/2021 16:29

Quest2011 - great find - thanks for posting!

[william127] 01/9/2021 12:50

Thanks for the report. The most comprehensive details I have seen on GW and the company.Tiger thanks for setting up the Likewise board. I managed to pick up a couple when they were on TISE before coming to AIM. As your friend pointed out they have picked out a very strong management team and most are the old guard from Headlam.

[castleford tiger] 01/9/2021 12:33

I did say £28 !!!!!!!!!!!

tiger

[arthur_lame_stocks] 01/9/2021 08:12

A really credible outfit.

hxxps://www.altafoxcapital.com/about

[quest2011] 31/8/2021 22:06

Sorry, typo in the website address. Correct one below:

www.altafoxcapital.com/s/VCP-Presentation-08302021.pdf

[quest2011] 31/8/2021 22:04

Not a typo. Here is the full report - from a firm who have done some proper due diligence and analysis:

hxxps://www.altafoxcapital.com/s/VCP-Presentation-08302021.pdf

[sharemonkeymagic] 31/8/2021 20:37

£28!
Is that a typeo?
Where are you seeing that?

[castleford tiger] 31/8/2021 19:07

a brokers note out with a 28.00 target !!!!!!!!!

[rotrader] 31/8/2021 17:49

Is there some good news allready out for the 7th. They don't normally announce any acquisitions till a bit after the AGM and they won't be declaring a Divi.Perhaps an offer or buy out is on the cards, as I have previously mentioned. I'm sure Geoff is dying for a new challenge, he stated after the takeover that he wasn't long term !!!!!

[castleford tiger] 22/8/2021 22:08

It smashed that target!!
£12 x 5 I make that £60