Victoria Share Discussion Threads

[sbb1x] 09/10/2023 16:40

Not many trades for the whole day today

[extrader] 06/10/2023 21:50

.."their plans can be ruined either because senior company directors are egregiously, and in some cases dishonestly, feathering their own nests at the expense of shareholders or shorters are manipulating the share price ..."

I've never shorted, but AIUI sensible shorters only seem to push against open doors :
it's usually not a case of either/or but 'X therefore Y'...

It's called 'price discovery' for a reason.

ATB

[robertball] 06/10/2023 20:27

Best to not get emotionally attached to a share. That's all. Goodnight.

[robertball] 06/10/2023 18:19

Why the emotion. It's only a company and a share is just a piece of paper...

[rotrader] 06/10/2023 18:00

Your repeating yourself and the rhetoric is getting somewhat tedious , same as the rest of you circling Vultures.Leave it out and if you lot ever make money out of companies going to the wall, with all the implications of that , I hope you can rest easy till it's your turn ;-(

[sbb1x] 06/10/2023 17:00

Just read that.

[robertball] 06/10/2023 07:36

Story in FT about Batash Karim

[bda3490] 05/10/2023 13:25

Rotrader has a point about Halstead
If they had no cash and adjusted their results and had a good script writer to explain that not being able to do basic accounts and hired a reformed axe weilder they would need an audit


Short sellers - why do they only short sell the companies with underlying debt that have being straight players and never left anyone in the lurch .

But if my aunt had ………; she’d be my uncle.

Anyway I think the auditors have actually been very bad making a fuss over nothing - so a few million in cash went to the previous owners bank account - it was hardly materially big. Why bother with a few million here or there .

Less we forget Victoria was best performing Aim share at the Aim awards in 2015

[black boulder] 05/10/2023 13:09

Fitch is one of the top three ratings agencies in the world and has undergone rigorous analysis of Victoria to arrive at its Stable Outlook rating.

Who are we going to believe, the monotonously repetitive commentary of self-interested short sellers, or the considered analysis of impartial professionals like Fitch, Peel Hunt, Berenberg, and Singer?

[rotrader] 05/10/2023 12:37

Speculate to Accumulate , maybe a high risk strategy but a lot of big conglomerates did the same and have been extremely successful

[bulltradept] 05/10/2023 12:10

Strange company this, the more I read the more I'm thinking it should be a lot lower...

[johnv] 05/10/2023 11:34

So, we have a company who had cash flow last year of £71m, cash of £91m and debt of £1132m, so if they paid their debt off every year, its going to take them 17 years. Maybe more cash flow in the future, it's still a lot of debt to pay off. Which financial institution decided to keep giving them more money than they can possible pay off. Good for them using the banks money to run a business.

[rotrader] 05/10/2023 10:56

Good news in my humble opinion -Victoria PLC (LSE: VCP), the international designers, manufacturers and distributors of innovative flooring, advised that international credit rating agency Fitch Ratings yesterday affirmed the Company's credit rating following a recent review that stated:"Fitch Ratings has affirmed Victoria PLC's Long-Term Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook. Fitch has also affirmed Victoria's senior secured notes at 'BB+' with a Recovery Rating of 'RR2'.The rating balances Victoria's high leverage with the group's good diversification and strong market position. Victoria's exposure towards higher-end customers supports its ability to pass on incremental costs without a major impact on their volumes in a recessionary environment.The Stable Outlook reflects the group's strong ability to integrate its new acquisitions, resulting in incremental EBITDA across the rating horizon to 2026. Despite a delay in deleveraging compared with Fitch's expectations, strong working-capital management and limited growth capex are likely to result in positive free cash flow (FCF) generation to promote deleveraging from 2025."The full rating can be viewed using this link: https://www.fitchratings.com/research/corporate-finance/fitch-affirms-victoria-plc-at-bb-outlook-stable-04-10-2023

[bouleversee] 04/10/2023 21:09

However, James Halstead's share price hasn't done very well in recent years either; another of my disappointing holdings.

[bda3490] 04/10/2023 20:38

FT alphaville

Indeed Jonas

[bda3490] 04/10/2023 18:45

I was reading online something by Investors champion on that other flooring co James Halstead

James Halstead: not an adjustment in sight!
James Halstead (AIM:JHD), the manufacturer and distributor of commercial flooring, announced delightfully clean full year results.

For the year ended 30 June 2023 sales rose 4% to £303.6m while profit before tax was flat at £52.1m. That’s a decent result in the circumstances and it’s worth emphasising that those numbers are mercifully free of adjusting items!

[jonals] 04/10/2023 16:00

FT Alphaville story

[wiseacre] 03/10/2023 16:02

Then you were very lucky.

[sbb1x] 03/10/2023 15:00

This fool made money on the trade.

[wiseacre] 03/10/2023 09:43

You are a fool (Sbbix). The road to hell is paved with your intentions.
This is possibly the most manipulated stock in the market. Note how, having got down to 460p yesterday afternoon it was massaged up to 500p in the last hour of trading by a multiplicity of tiny bargains. But I remain very comfortable with my short position.

[sbb1x] 02/10/2023 16:15

Bargain to buy at this price