Victoria Plc

20.00 (3.41%)
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
  20.00 3.41% 607.00 700,033 16:35:03
Bid Price Offer Price High Price Low Price Open Price
601.00 608.00 611.00 564.00 579.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Carpets And Rugs 1,019.80 -12.40 -196.80 - 709.24
Last Trade Time Trade Type Trade Size Trade Price Currency
17:09:26 O 2,000 607.00 GBX

Victoria (VCP) Latest News

Victoria (VCP) Discussions and Chat

Victoria Forums and Chat

Date Time Title Posts
06/6/202317:05Victoria PLC new board2,394
22/8/202122:08Victoria to Ј7.50 in twelve months234
07/3/201910:39Bulletin boaed-
13/12/201601:17*** Victoria ***189
01/4/201510:37Victoria with Charts & News622

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Victoria (VCP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Victoria (VCP) Top Chat Posts

Top Posts
Posted at 02/6/2023 08:44 by black boulder
Coltrane disclosed yesterday, they bought another 400,000 shares on Wednesday.

The price has moved up 60p since Coltrane started buying, and they still have 1.9 million more shares to buy.

Posted at 01/6/2023 15:10 by black boulder
Coltrane, the biggest shorter since August last year, have given up, buying back 470,000 shares on Tuesday, according to regulatory filings.

Coltrane have clearly decided that VCP’s share price is only going up from here.

Coltrane still need to buy back another 2.3 million shares, and that is going to put real upward pressure on the share price.

Other shorters will no doubt follow suit and start buying back their positions as well, to minimise their losses.

Posted at 26/5/2023 16:12 by smackeraim
Finally going? Could be perfect storm for vcp, energy bills beginning to fall finally, wholesale gas uk/eu at few year lows, inflation levelling off a bit, retail spending up.. green shoots and all that .. ;-)
Posted at 03/3/2023 17:04 by rotrader
Hope this helps . They are moving the kidderminster warehouse to a more modern distribution centre in Worcester - nothing was was mentioned about the head office on the Kidderminster site when that was announced.If they still own that ,which I doubt, it's not worth that much .Basically since they sold it VCP have paid as much in rent as they sold it for - unless I'm missing a trick here Victoria PLC Sale and Leaseback of PropertySource: UK Regulatory (RNS & others)TIDMVCPRNS Number : 6149CVictoria PLC19 March 201419 March 2014Victoria PLC('Victoria' or the 'Company')Sale and Leaseback of PropertyVictoria PLC, (LSE: VCP) the manufacturer and distributor of floorcoverings, today announces that it has entered into a sale and leaseback agreement with Monopro Limited in respect of its manufacturing facility at Worcester Road, Kidderminster for GBP5.8 million cash. The lease is for a 20 year term at an initial rent of GBP495,000 per annum and subject to annual RPI uplifts between 0 per cent. and 4 per cent..The current net book value of the property is approximately GBP4.9 million resulting in a profit on sale (after associated costs) of approximately GBP0.7 million. Proceeds will be used to strengthen the Company's balance sheet.
Posted at 20/12/2022 09:16 by jtell
Panic amongst shorters is manifesting itself with regurgitated news that is largely BS. Recent news is mostly positive, new investors coming in, shorters closing positions, share price increasing and VCP expective positive results and cash flow for second half of the year.
Posted at 16/11/2022 20:29 by black boulder
Things are looking up and there are a number of indicators that point to things continuing to improve;

Victoria recently bought a solid business in the US delivering $7m of Ebitda for a great price, only 4x Ebitda in Cash on Completion, plus an Earn-Out arrangement.

The business has confirmed EBITDA in excess of £100m for the first half of the year, despite all the well-known headwinds (many of which are now easing).

Always bet with the insiders, and in this case that’s Spruce House who very recently bought more than 1.4m shares, Victoria itself which has bought nearly 2m of it’s own shares in recent months, and the CEO, Philippe Hamers, who has also bought shares in recent months.

Geoff Wilding and the rest of the board would not be directing Victoria to buy its own shares if they were not confident in the future of the business.

The share price has this week been touching the 200 day moving average. If it breaks through this level, many investors will see that as a very solid signal for a continued upward trend.

While it’s clear that the next 12 months are going to be difficult, the medium to long term outlook, which is what matters, must be for a much improved share price over what it is today, which is still less than half what it was at the beginning of the year.

Posted at 15/9/2022 07:42 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.

Posted at 24/8/2022 22:11 by drk1
Rucellai - hear, hear. I've said it many times in the past few weeks, but those who take their share advice from twitter would be best served by simply opening the basic VCP share chart on ADVFN and check the share price movement from mid 2018 to 2019 and then check the number of shares out on loan during the same period (peaked at 5.6% in Nov 2018). More diligent subscribers could also then research what was being posted on Twitter etc re VCP during the same period. It's as simple as joining up the dots! ;-)

Fact is that the twitter rumour mill are straight out of the block to find fault in the purchase of a yacht etc, but remain totally silent on the absolutely scurrilous behaviour of the shorting funds who've made millions these last few weeks on the back of VCP shareholders. They pick a stock, they see the order book and they trigger stop after stop. I'm convinced many of them are in league with the twitterati, the goal being to create a frenzy of panic. It's textbook.

The omly good thing about the above is that one day (last attack lasted from Aug-March), they will have to close out and that is why a few of us here are adding at opportune moments. ;-)

Posted at 16/8/2022 21:23 by drk1
rotrader - as I mentioned last week (post 1911 refers), precisely the same thing happened with VCP back in 2018 - where, out of the blue a deluge of scurrilous rumours appertaining to VCP's historic deals suddenly emerged at the same time as a massive 5% of the stock went out on loan to the shorters. The event saw the share price tumble from c8.30 to 3.10 in less than 6 months. None other than George Soros was revealed as the man behind the attack.

The orks like to refer to the "professionals" & will pick up on any crumb that supports the rumour-mill (including being misinformed about the yacht), but all I'll say is the last month we've had one professional fund comment on VCP & concluding that the stock is "extremely discounted” & 3 analysts (that's THREE Arthur ;-) have all rated the stock a BUY with an average 12 month price target of £1,226.67 (+217%).

Hard to imagine now amidst the repeat of 2018, probably just as it would have been back then when the share price was 3.20 (and where 18 months later it hit £8 and then went on to reach the all time high of £12). ;-)

Ps. for the record, I've been adding at these levels. ;-)

Posted at 14/8/2022 09:05 by topvest
The super yacht must be a massive cash drain for Wilding, unless its rented out continually. Running costs > £10m a year. Super yachts are not assets - they are a way of losing money very quickly. Remember he draws a salary less than most people on this BB and VCP doesn't pay a dividend. So, where is the money coming from to maintain this playboy lifestyle - remember anyone with a super yacht will have the cars and luxury houses to match? He is continually trying to get the share price up or raise cash for acquisitions (e.g. tiny buy-backs and giving out share options at double the share price). The equity and debt route are both now effectively closed. Look at the yield on the debt.

In my view the super yacht revelation is a good guide to Wilding's real personality. He is a very shrewd entrepenuer, but I personally don't trust his intentions as being honest; his actions don't match his great words. The Buffett quotes are cover for something else going on in my view.
I'm not convinced that this is all going to end well.

Victoria share price data is direct from the London Stock Exchange
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