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VCP Victoria Plc

97.00
-0.90 (-0.92%)
04 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Victoria Plc LSE:VCP London Ordinary Share GB00BZC0LC10 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.90 -0.92% 97.00 66,569 16:35:13
Bid Price Offer Price High Price Low Price Open Price
92.60 94.90 102.80 92.60 100.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Carpets And Rugs 1.27B -108M -0.9504 -0.97 111.25M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:13 UT 83 97.00 GBX

Victoria (VCP) Latest News

Victoria News

Date Time Source Headline
25/10/202406:00UK RNSVictoria PLC Holding(s) in Company
25/10/202406:00UK RNSVictoria PLC Holding(s) in Company
21/10/202406:00UK RNSVictoria PLC Holding(s) in Company
17/10/202406:00UK RNSVictoria PLC Exercise of LTIP Share Options
15/10/202411:17ALNCNewsVictoria earnings hit by "industry-wide" softening of demand
15/10/202406:00UK RNSVictoria PLC Half-Year Trading Update
02/10/202416:40UK RNSVictoria PLC Holding(s) in Company
09/8/202408:31UK RNSVictoria PLC Holding(s) in Company
05/8/202407:00UK RNSVictoria PLC Holding(s) in Company
29/7/202407:10UK RNSVictoria PLC Holding(s) in Company

Victoria (VCP) Discussions and Chat

Victoria Forums and Chat

Date Time Title Posts
04/11/202418:47Victoria PLC new board2,893
25/9/202318:43*** Victoria ***190
22/8/202121:08Victoria to Ј7.50 in twelve months234
07/3/201910:39Bulletin boaed-
01/4/201509:37Victoria with Charts & News622

Add a New Thread

Victoria (VCP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:35:1397.008380.51UT
16:29:5392.60579536.15AT
16:21:3392.6032.78O
16:20:0794.9054.75O
16:20:0792.6043.70O

Victoria (VCP) Top Chat Posts

Top Posts
Posted at 05/9/2024 09:37 by tanners
When looking at the enterprise value of the Company I think that a negative share price is more realistic.....yes I know there's no such thing but why would you even pay £1 for the whole Company to take on such huge debt with negligible FCF?
Posted at 02/8/2024 14:58 by rotrader
The first acquisition of Italian tile producer Ceramica Serra in 2017 was followed by Keraben, Ibero and Saloni in Spain, then again in Italy by Ceramiche Ascot and Keradom in 2020, and most recently by Ceramiche Colli and Ceramiche Santa Maria on 21 April this year. This last investment of 35 million euros was necessary to expand the Italian operations' production capacity (it now reaches 25 million sqm/year) and to extend its product and brand portfolio.Copied this so not sure if all the acquisitions are still part of VCP but recent news about the tile industry,sounds promising .
Posted at 12/7/2024 08:21 by rotrader
I believe you are wrong, when global economy's pick up , which they inevitably will, VCP will be in a great position to take advantage to be a cash-generative company,then the debt will not be a problem
Posted at 11/7/2024 11:12 by rotrader
Don't think there is any need for that, we all have our opinions but to be honest you people who wish the demise of VCP are pathetic
Posted at 19/6/2024 06:43 by hatfullofsky
Hard to see the positives here

Victoria PLC Reports Challenging Year, Outlines Restructuring Plans



#marketshare #vcp
Posted at 10/4/2024 08:35 by wiseacre
There are some deluded people on this site. The company has never generated cash. It has used every accounting trick in the book by means of dodgy acquisitions.
Despite desperate attempts to manipulate the share price including the company's current insane daily "buyback" this has been my most profitable short from £10 a share downwards. IMHO the share price has an appointment with zero. Only time will tell.
Posted at 08/4/2024 06:48 by black boulder
Clearly VCP has suffered over the last 18 months or so from the large drop in flooring demand, just like Headlam, Tarkett, Mohawk, Forbo, etc.

However, cyclical businesses are cyclical, and all the leading indicators for a demand recovery - mortgage approvals, house prices, housing transactions - are showing big gains in VCP’s major markets - the UK, the US and Australia - since early 2024.

Only Europe is still subdued, but that may change in the near future as inflation is now just 2.4%, which suggests the European Central Bank is likely to follow the other central banks and begin to cut interest rates mid-year.

With that outlook the downside risk is very low while the upside potential is very significant. A demand recovery is probably only months away, and when it comes VCP’s earnings and share price will move up sharply.
Posted at 21/3/2024 15:09 by bouleversee
Can someone please explain how share buybacks are returning money to investors when they are held in treasury and then dished out in obscene numbers to senior executives rather than being cancelled? No wonder the share price went down after today's announcement.
Posted at 19/10/2023 12:52 by black boulder
The share price is certainly being manipulated all right, by the short-sellers. Institutional investors don’t manipulate share prices. Short-sellers manipulate share prices. That’s what they do. Load up their positions, starting the downward momentum, then release bogus reports and trolls to spread malicious rumours and misinformation. We have seen all this before, several times now, and each time the share price has eventually recovered when the short-sellers have to start buying back.
Posted at 15/9/2022 06:42 by black boulder
lucydesouza, the Preferred Shares can be treated as Debt or as Equity, although by definition they are not Debt.

Treating it as Debt is much more conservative because, the whole point of the Preference Shares is that the date at which they are converted is deferred until well into the future, more than four years away, when the share price is expected to be much higher, and therefore the “cost” to the existing shareholders much lower.

More importantly, however, regardless of whether we treat the Preferred Shares as Debt or as Equity, the intrinsic value of the business is much higher than is reflected in the current share price.

Starting with the Net Debt as at April 2022 (£407m), and (very conservatively) treating the Preferred Equity as Debt (£254m), and adding the full value of all the lease obligations in accordance with IFRS16, including the Balta leases (£120m), plus the cash out to complete the Balta transaction (£140m) plus other liabilities including outstanding Earn-Out arrangements and pension funds (£15m), then the total Net Debt is £936m.

Referring to the latest independent analyst report by Berenberg (July 2022), the forecast for 2023 is £203m (before any Balta synergies), which Victoria confirmed they are on track to achieve on Friday.

On an Ebitda multiple of 10x (as suggested by Berenberg) that’s an Enterprise Value of £2.03B, less the Net Debt of £936m, gives a Market Cap of £1.094B , and a share price of £9.35 (The Berenberg report says £8.80).

Further, Victoria has stated that the Balta synergies will be at least €15m p.a., which will add a further £1.10 to the share price, a total share price of around £10.

So the current share price represents about half the intrinsic value of the business, regardless of whether the Preferred Equity is treated as Debt or Equity.

I’m holding.
Victoria share price data is direct from the London Stock Exchange

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