Victoria Share Discussion Threads

[bouleversee] 13/11/2023 12:10

An article in The Times today, headed "shareholders urged to carpet Victoria board" (also reported in today's ADVFN morning markets bulletin, says that leading proxy shareholder agencies (Glass Lewis and Institutional Shareholder Services)have recommended investors in Victoria vote against accepting Victoria's report and accounts and resolution at its meeting today, citing uncertainties, auditors report, Hanover issue etc.

[bulltradept] 13/11/2023 11:15

No one said life was fair.

[black boulder] 12/11/2023 08:37

Last week’s FT article about Qasim Karim is tabloid trash.

The story focuses on the criminal activities 13 years ago of the younger brother of two of Victoria’s managers. Not the Victoria managers themselves, but their younger brother, who has never worked for Victoria.

The two older brothers, Batash and Saqib, are successfully managing two of Victoria’s smaller subsidiaries, Hanover and Ezi Floor, which together account for around 2% of Victoria’s group revenue.

Qasim’s quoted comment that Victoria also tried to acquire his paints, varnishes and sealants business 12 months ago is delusional nonsense. Victoria is not in the business of paints, varnishes and sealants.

It is interesting that The FT turned off the comments on the Qasim Karim article, and interesting that shorters loaded up the day before the article was published.

You have to wonder who is motivating whom to publish such sensationalist tabloid rubbish.

What the article does inadvertently do is destroy one of the theories propagated by the shorters, that Hanover and Ezi Floor were not acquisitions at all but elaborate accounting frauds, which the investigative journalist who wrote this article has clearly shown is not the case.

The criminal activities of younger brother Qasim Karim 13 years ago are of no relevance whatsoever to the future prospects of Victoria PLC. The market has clearly recognised this with the share price having gone up 25% in the week since the article was published.

The shorters lost money last time they manipulated the share price down with their baseless rumours and trolls, and they’re going to lose money again this time.

[bulltradept] 09/11/2023 20:38

lol! Yes you were right today.

It's a strange share, with strange happenings, it just seem to take off and come back down again equally as quickly.

I did have half an eye on it, but my eyes were else where with more predictable stuff.

Good luck.

[smackeraim] 09/11/2023 13:40

4.64. So close to the 4.69 lol .. but we don't want that. £5 plus coming

[smackeraim] 09/11/2023 13:21

Schwingggg

[bulltradept] 08/11/2023 14:17

We will see Smackeraim. You might have had your rise for today..

[kaffee] 08/11/2023 12:21

Anyone think this will be subject to a bid from Koch at some point ??

[smackeraim] 08/11/2023 12:10

Looks like you meant 4.69 guv

[arthur_lame_stocks] 08/11/2023 11:50

It should go through £3.69 on its way to zero at some point.

[bulltradept] 08/11/2023 11:33

A retrce to £3.69?

[linton5] 08/11/2023 09:55

Noticed volume really picking up here

[smackeraim] 08/11/2023 08:37

I think they have overdone it. Let's see £5 plus for now.

[william127] 07/11/2023 22:58

Maybe the FT has over done it this time and the market can see this short scam for what it really is. Helicon Investments Limited ups it short on Monday 6th and then mysteriously out of the blue comes another attack from the FT.Yes I do hold VCP and may have a bias but even still it looks like really poor sensational journalism at best.Yes the debt is obviously a big concern, but bringing Balta to UK existing manufacturing plant and feeding it into their own multi manufacturing distribution is so more efficient. There is still high demand for their products(mid to high end). The bolt on Cali online channel and wholesale distribution centres which are some of the latest acquisitions open up American markets for all the manufacturers we already have in mostly ceramics. Again cutting out the middle man and making slicker distribution. These latest deals have really ramped up the debt but make the most sense out of all the companies purchased.

[smackeraim] 07/11/2023 15:43

Looking like 5 quid en route

[smackeraim] 07/11/2023 15:41

Well it's got the price moving the wrong way for the shorts

[william127] 07/11/2023 14:14

My worry about these stories is that the once respected FT is turning itself into the Daily Star.Next thing you know they will be telling us the owner of VCP has s nice boat.

[tonysss13] 07/11/2023 13:34

interesting errr article

How an alleged ex-gang member is tied to royal carpet maker Victoria

[my retirement fund] 01/11/2023 12:08

Still heavily shorted stock even after falls of some 80 percent

[bouleversee] 30/10/2023 14:54

So would I and I have invested for future growth in the past, assuming that it would bring a bit of income with it, but in these days of rampant inflation and with a fixed rate annuity, together with increased taxation, I need to reconsider my tactics. I must plough through the accounts to see how much Wilding has been taking home. I doubt there has been any belt tightening there.

[bouleversee] 27/10/2023 16:33

When did VCP last pay a dividend?