Victoria Share Discussion Threads

[my retirement fund] 25/9/2023 09:20

The only reason anyone even considers investing on AIM is either tax breaks or they are too dump to really understand and understand risk and shouldn't be investing in the first place! The government shouldn't ever have allowed AIM into ISA's, and now it apoears to want to make it even easier for the public to flush even more money down the toilet on that kind of crud ?

[bulltradept] 25/9/2023 09:15

It's on AIM so we all knew the risks..

[strollingmolby] 25/9/2023 09:00

Victoria plc’s audit nightmare

[bulltradept] 25/9/2023 08:54

Got to go below £4 now mgt appear not to have been as forth coming as they should have been if Im reading it correctly as well.

[arthur_lame_stocks] 25/9/2023 08:45

Where's rotrader and black boulder this morning?

[arthur_lame_stocks] 25/9/2023 08:44

Good spot kirkie. I haven't read the auditors report in detail but it doesn't look good from what I have seen.

[kirkie001] 25/9/2023 08:21

"The Underlying EBITDA of £196m and the Underlying Net Profit Before Tax of £76.9m are simply the earnings made by the company after excluding restructuring and other one-off costs.

Underlying Earnings are always carefully reviewed by the auditors, so they are ‘real’."

Well, the auditors have had an awful lot to say about the accounts - that's for sure! Such as "management has refused to let us do all the audit work we need to do to issue an opinion".

And The Company is non-compliant with money laundering regulations.

"We are unable to reduce the risk of material fraud or error to an acceptable level"......

Ouch. Result? A qualified audit report because management wouldn't let the auditors do the work they needed to do.

This should be suspended on opening, not merely trading down.....

[arthur_lame_stocks] 24/9/2023 17:52

bda340 can you make head or tail out of the accounts because I really struggle to. Or maybe that's the way Geoff likes it.

[bda3490] 22/9/2023 19:19

The loss before tax was £110 million, more than double the accumulated losses of £48.8 million booked in the previous 10 years since 2012!

But underlying all that no doubt just one acquisition from major success. Twitter ?

[black boulder] 16/9/2023 20:16

The Underlying EBITDA of £196m and the Underlying Net Profit Before Tax of £76.9m are simply the earnings made by the company after excluding restructuring and other one-off costs.

Underlying Earnings are always carefully reviewed by the auditors, so they are ‘real’.

Balta’s restructuring costs of £90m, which obviously won’t be repeated, for example, are technically an expense under IFRS, but are in fact an investment in future increased profitability, and as such should be viewed as a capital investment, just like an acquisition.

Sophisticated investors and analysts like Peel Hunt clearly understand this obvious point, which is why the shares went up, and not down, when the final results were announced, and why Peel Hunt has set a target price of £8.

[bda3490] 14/9/2023 17:48

hxxps://www.superyachtfan.com/yacht/resilience/

[bda3490] 14/9/2023 17:23

Foolish me I read the headlines
The loss before tax was £ 110 m and there is a bit of tax credit .

That’s true losses

Wow

50p on every single sq m of flooring sold

And losses per share are just under 80p a share no wonder the price is …floored

[bda3490] 14/9/2023 17:16

Arthur
Ignoring this underlying stuff. I’m my aunt had etc she’d be my uncle

But real profits ie losses are £ 24m but losses after tax are £ 94 m ?

Are the revenue taxing underlying profits or has someone under declared profits for tax ?

In the old days it was simple.

I presume as approving the accounts isn’t on the agm agenda their will be an EGM at some stage

[arthur_lame_stocks] 14/9/2023 12:23

Shouldn't take them long to pay off over £1bn pounds of debt with the sort of figures they're bandying around.

[black boulder] 14/9/2023 12:21

Strong positive response from the market this morning.

The market clearly likes the clear earnings and cashflow growth outlook for the company, driving down debt.

[arthur_lame_stocks] 14/9/2023 09:30

I believe Geoff has been cast to play the role of Percy in a BBC one off of Blackadder for Lent.

In this feature length episode Percy finally manages to turn a huge pile of other people's Green into a steaming pile of horse manure whilst convincing the more gullible amongst them that it's actually gold.

[black boulder] 14/9/2023 07:58

Great to see the audited financials are exactly as indicated last month.

Also good to see EBIT numbers by division added alongside EBITDA. Gives a good idea of the earnings potential now that the integration has been completed.

I particularly like that the average organic growth will add £25 million a year to net profit.

[bda3490] 23/8/2023 19:06

I’d settle for proper prelims not the auditors are too slow here are my over lying thoughts .

Under lying thoughts .

Apologies. Typing ain’t my forte

[arthur_lame_stocks] 22/8/2023 11:16

I would hazard a guess rotrader that Wilding would love to get the rest of his cash out but there are no institutions stupid enough to take the whole lot off him and if he starts selling in the market it's going to crater the price and prevent him raising money in a rights issue when he really needs to.

[bda3490] 21/8/2023 18:29

Very smooth presentation

Long on prospects short on dividend and real profit

[rotrader] 19/8/2023 18:44

Whatever is the matter with people on this board, I watched the investors meeting which I thought was very positive, I'm not going through it all again- look at my previous posts- If mr Wilding , love him or hate him , was out for a quick Buck , he would have left a few years ago, which I believe was his plan at that time .He obviously see's a lot of money to be made and I hope it filters back to long term shareholders

[bouleversee] 18/8/2023 19:46

Well, they are doing better than most today, which is admittedly not saying much.

[bda3490] 18/8/2023 18:30

I don’t have a problem with Victoria- apart from understanding the figures. Underlying this underlying that it’s pure David Nixon ! But no doubt the younger generation think it’s magic.

Maybe them converting bonds are the answer . But at the moment even the genie of the lamp couldn’t make carpets fly !