Victoria Share Discussion Threads

[nw99] 07/8/2022 21:41

Great week ahead

[drk1] 06/8/2022 10:08

Thank you Arthur, I was about to post the very same link. Yep, I’d far rather take heed from FT (or Alphaville) commentary as opposed to a couple of geeks on Twitter, although, probably unlike you, this article somewhat reassures me. Yes, it underscores the fact that we have a maverick CEO (who didn’t know that) but it also quite rightly points out that the company underwent a very similar short attack back in 2018 (with very similar horror stories about the company’s historic deals suddenly emerging out of the blue)…………

“The share price has long attracted scrutiny from short sellers and sceptics. In 2018, The Analyst — the equity research shop known for well-timed short recommendations on companies such as NMC Health and THG — published a series of negative reports probing Victoria’s acquisitions and Wilding’s business record. Later that year, Victoria had to call off its planned debut bond deal, after its stock cratered nearly 40 per cent in a week.”

And yes, it does cite Wilding’s yacht, which Alphaville point out is valued at $56m and is rented out at a staggering 550k Euro per week (which in my book, makes it a pretty shrewd investment!). The article makes no reference at all to the historic transactions the Twitter boys are keen to showcase and I note that Miles Dyson (the lead Twitter protagonist) yesterday reverted to commentating on an actual bullish note from Vulcan Value Partners, quoting them as saying “We believe that a more conservative posture is warranted given their sensitivity to the economy and the recent acquisitions”, but omitting to comment on their very next sentence, namely……“ The stock price, however, remains extremely discounted.” Vulcan own 12% of VCP & remain bullish.

It's also (probably) one of those coincidences I cited earlier in the week that the latest round of Tweet attacks suddenly appeared a couple of days before Blackrock increased their short position (3rd August). The two events of course couldn't possibly be related (probably). ;-)

Coincidences abound!

[my retirement fund] 06/8/2022 10:01

Incredible his initial investment so 20K, hmmm

[arthur_lame_stocks] 06/8/2022 08:59

I don't know if you'll be able to read this, the FT is behind a paywall, but if you Google Victoria PLC FT you should be able to find a link to access it.

[rotrader] 05/8/2022 18:57

Getting a bit concerned about these rumours.Mr Wilding - you need to sort this out before it gets worse.A statement from VCP is needed pronto

[bda3490] 05/8/2022 18:04

Saw the RNS Victoria share buy back
Presumably the reason for the uplift. Don’t suppose they minded the price hike.

[nw99] 05/8/2022 17:48

Great week more of the same next week

[nw99] 05/8/2022 15:05

Buyers on the dip nice

[my retirement fund] 05/8/2022 14:20

the share buy back seemed a bit gung-ho and pretty irregular given their negative cash flow, they could well be looking to raise more money soon !

[bart1066] 05/8/2022 14:07

Nice to go into the weekend having banked a quick 20% gain in the week, read the article made sense and appeared to provide evidence and mighty relaxed in the knowledge I have no shares now.... Notice they are back on the downward track ...

[my retirement fund] 05/8/2022 13:14

That certainly looks like its been a Ponzi scheme, this will be interesting to see how the story here unfolds.

[davebowler] 05/8/2022 11:49

Evil Knievel refers.... hTTps://iceberg-research.com/2022/08/03/victoria-plc-vcp-ln-mites-under-the-rug/

[iandippie] 05/8/2022 11:45

You haven't met my kids. I'd rather have a new carpet thanks. ;-)

[bart1066] 05/8/2022 09:22

It's had a good run this week up from 310p ish, but taking the profit now as the article made interesting reading, and the fundamentals discussed here plus short term outlook, the downward trend looks to set continue imo.The interest rate rise means discretionary spend is going to be impacted, which would you rather have....a holiday with the kids or a new carpet, choices will need to be made. This share is best for the shorter at this level

[castleford tiger] 05/8/2022 08:43

Its finding cash to buy the shares?
And the last business?
tiger

[nw99] 05/8/2022 07:58

Company purchased 32,500 shares at 365.5p, stating believes its share price is materially under intrinsic value.

[spectoacc] 05/8/2022 07:37

Generates significant borrowings.

[arthur_lame_stocks] 05/8/2022 07:27

I honestly think Geoff Wilding reads a completely different set of accounts to the ones published for shareholders if he thinks this is trading below intrinsic value and generates significant cash.

[spectoacc] 05/8/2022 07:22

"The Board believes that the current share price is materially below the intrinsic value of the business and indeed at the current levels few alternatives exist for capital deployment that will provide equivalently high, risk-weighted returns.


When making the decision to repurchase shares, the Board carefully considered the Company's current financial strength and resources available, its trading outlook, and global economic uncertainties. As confirmed in the recent FY2022 preliminary results announcement, Victoria has traded in line with expectations for the current year and continues to generate significant positive cash flow. Notwithstanding the consideration paid for the Balta acquisition in April, the Group remains with more than £200 million of liquidity (cash and undrawn credit lines) - an amount that is expected to increase materially this year.


The Board emphasises that this is not the start of a longer-term programme to return capital to shareholders. However, subject to maintaining strict price discipline and operating within the regulatory limits, the Company may continue to buy shares up to the maximum permitted under the current authority provided by shareholders at the last AGM"

[nw99] 05/8/2022 07:12

Share buy back worth following

[spectoacc] 05/8/2022 06:59

Always glad to know EK's still going - a blast from the past.

[brassgemini] 04/8/2022 22:20

https://masterinvestor.co.uk/evil-diaries/evil-diaries-on-and-under-the-carpet/?mc_cid=2f0ce58ce6&mc_eid=446d8b0d27

[bda3490] 04/8/2022 19:56

I believe Matthew Moulding blames short sellers too!

And George Soros broke the ERM when the uk shadowed the precursor to the Euro.

And the wise words or the Chanelor

I whistled in the bath

Presumably a happy tune

I’ll hold my little pot - it’s well underwater but I’ll pretend I need the tax losses

[live ink] 04/8/2022 17:25

I would add that a lot of new money has been subscribed over the years to fund the acquisition programme. Are not these investors entitled to rely upon published accounts and, no doubt, representations by VCP's management?

If so it can be argued that losses are, at least to a degree, recoverable.

EK