Share Name Share Symbol Market Type Share ISIN Share Description
Victoria LSE:VCP London Ordinary Share GB00BZC0LC10 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.00p -0.44% 678.00p 812,096 14:00:24
Bid Price Offer Price High Price Low Price Open Price
670.00p 686.00p 688.00p 675.00p 681.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 424.80 13.40 8.58 79.0 847.5

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Date Time Title Posts
19/9/201812:40Victoria PLC new board1,035
13/12/201601:17*** Victoria ***189
01/4/201510:37Victoria with Charts & News622
15/7/201419:37Victoria to Ј7.50 in twelve months233
07/8/200917:51Alan Bullock's penny share3

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Victoria Daily Update: Victoria is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker VCP. The last closing price for Victoria was 681p.
Victoria has a 4 week average price of 675p and a 12 week average price of 675p.
The 1 year high share price is 882p while the 1 year low share price is currently 620p.
There are currently 125,002,528 shares in issue and the average daily traded volume is 745,689 shares. The market capitalisation of Victoria is £847,517,139.84.
topvest: Well I've just read the Annual Report and decided to buy a few. The Chairman's approach is so modelled on Warren Buffett and I live near Kidderminster (regularly driving past the fairly tatty head-office) that I just had to buy a few...better late into a great company in the making than not at all I guess! I thought I had really "missed the boat", but on reflection I am not sure that I have. OK, it would have been a dream at a £1 but who knew this was coming other than Wilding. I think the really clever people got in at less than £4 so its pretty much doubled from those days, but has been pausing for breath in the £8-9 range for the last year or so. Looking forward then, this could well become a FTSE-100 company and go to a £5-10 billion market cap if they keep executing their strategy as they have been. I don't generally like growth by acquisition, but they do seem to be buying well and doing deals that are obviously highly earnings enhancing. They seem to compare themselves to trying to do something like Shaw Industries in the U.S. owned by Berkshire Hathaway. That company is about 10 times as big, so there is lots of scope to grow as it seems to be a sector where you can "buy wonderful companies at a fair price" which is quite unusual at this point in the cycle. He even addressed the "missed the boat" question on page 9 of the Annual Report where the answer is that they still only have 2.5% market share in their 3 chosen markets. I must admit to have questioned Wilding in my mind previously, particularly the original audacious deal that gave him a large holding without paying for them in cash...but, I think I may have been wrong....he is either the genuine article or he has been pretending well. He certainly walks and talks Warren Buffett! Some of the antics are very much Buffett style, but the share sales and long term incentive plans less so. Time will tell I suppose, but what a fantastic bit of wealth creation so far particularly for himself and the original shareholders of this small carpet company in Kidderminster. Who would have thought you could successfully be a consolidator in this boring old industry. Its certainly opened my eyes! Original shareholders have nearly 10-bagged, but there is still scope to double or triple from here in share price terms. As an aside...Kidderminster...the former home of carpet with its own carpet museum. Once had lots of companies...only Victoria, Brinton's and Brockway remain of the hundreds that originally existed. Even Tai Ping Carpets closed and headed to London. The odd thing is that I don't think locally people have realised that Victoria is now a proud £1 billion pound company...people are only interested in the jobs locally which have gone so doesn't get the good press that it deserves.
gabrieloak: Reading back over the furnishing report news (not logged on for a few months)...I had missed the news on Headlam seeing UK weakness and European flooring imports being strong... I think the read across from Headlam (along with Carpetright irritating comments on market conditions as a poor retailer) explains the recent weakness in share price...however: (This morning) Geoff Wilding, Executive Chairman, commented: "We are now seeing the clear benefits of our strategy to develop a broadly based, resilient flooring business, where operational and manufacturing synergies lower costs, whilst also providing a robust platform for organic and acquisitive growth. This is in no small part due to the excellence of our wider senior management teams who continue to drive the business and create opportunities to grow market share while maintaining margins. The Board is encouraged by 2018 trading to date. Together with progress on ongoing internal initiatives to deliver synergies and revenue growth, and the very attractive acquisition prospects already identified, the Board is confident it will deliver another year of significant, earnings-accretive growth in the 2018/19 financial year." Board is encouraged by trading so far in 2018! What is not to like...? GO
alphabeta4: FWIW I've kept hold of my 27/3 purchase today. I think there is an acquisition or two imminent. My thinking is: 1. From today's statement: 'Additionally, the Board of Victoria has invested a significant amount of management focus during the past year identifying additional suitable acquisition opportunities. Shareholders should anticipate further acquisition-led growth focused on Europe.' Later they talk about 'very attractive acquisition ops already identified'. This gives a clue IMHO that they are fairly well advanced. 2. Around the last acquisition 15/11 they said they kept back £21m for more acquisitions and there is now circa 5 months extra cash, helped by the Karaben and Ceramiche acquisitions. 3. Four acquisitions were completed last year, from Feb there was a gap of 8 months and then two in quick succession. If there was one within the next month that would be around a 6 month gap. I expect there is currently c£50m cash to play with, on a pe of 10 this would add c9% to forward earnings, or about 70p on the current share price. GLA
wingspan: Perhaps because GW does not view the share price as high enough on a fundamental basis...
topvest: If you say so. I think they should be keeping gearing down ready for the next recession, but call me cautious if you like! I drive past Victoria Carpets at least once a week and it's amazing to think the market cap for a nearly finished carpet company is now approaching £1bn. Quite impressive indeed, but the share price is high so why not issue some shares rather than take the net tangible assets negative?
rotrader: Should be an RNS soon, don't think it will affect the share price much has it is a money making exercise.Relocating manufacturing to other sites (synergies)
alemein: Sounds like it could be beneficial to us. "A stock split is usually done by companies that have seen their share price increase to levels that are either too high or are beyond the price levels of similar companies in their sector. The primary motive is to make shares seem more affordable to small investors even though the underlying value of the company has not changed. A stock split can also result in a stock price increase following the decrease immediately after the split. Since many small investors think the stock is now more affordable and buy the stock, they end up boosting demand and drive up prices. Another reason for the price increase is that a stock split provides a signal to the market that the company's share price has been increasing and people assume this growth will continue in the future, and again, lift demand and prices. The bottom line is a stock split is used primarily by companies that have seen their share prices increase substantially and although the number of outstanding shares increases and price per share decreases, the market capitalization (and the value of the company) does not change. As a result, stock splits help make shares more affordable to small investors and provides greater marketability and liquidity in the market."
wendydc: It won't take another acquisition to put on another couple of quid. Saw this on another VCP board and it makes solid sense to me: "VCP confirmed in March its pre-tax earnings were significantly ahead of market expectations, which were £15.3 m at the time. Analysts then upgraded to £16.8m ("significantly" is code for at least 10% in the City). That means VCP earned at least £10.9 m in the second half (because H1 earnings were £5.9m), with the big jump due to the acquisitions of Quest and Interfloor. VCP earnings are not seasonal so a simple doubling of the H2 earnings is a conservative estimate of FY17 earnings. So if VCP announces on Tuesday underlying earnings of £16.8m or more, it is 'confirmation' of the FY17 analysts' consensus forecasts of 109.1p EPS. That means at the current share price VCP is trading on a PE of just 10x! All investors need is reassurance from Tuesday's results announcement and the price will leap up. +20-30% is not impossible (that would still have the shares on a PE of only 12-13x) Buy now or miss out!"
rotrader: Cantor Fitzgerald Indicates Potential 60.4% Increase In Shares Of Victoria PLC June 29, 2016 8:21 am Writer: Camille Ainsworth Posted In: European Broker Ratings On Wednesday Cantor Fitzgerald reiterated its broker consensus on shares of Victoria PLC (LON:VCP) giving the company a ‘Buy’ rating. Cantor Fitzgerald gave shares of Victoria PLC a price target of 1750 indicating a potential increase of 60.4% from Victoria PLC’s current price of 1091. LON:VCP In the prior 12 months Victoria PLC’s stock price has increased by 10.76% from 985 to 1091. Victoria PLC has 14,859,000 shares in issue which have a share price of 1091 giving Victoria PLC a market capitalisation of 162.11M GBp . The 52 week high of Victoria PLC’s shares is 1600 whilst the 52 week low for the company’s shares is 999. The 50 day moving average of LON:VCP is 1384.73 and the 200 day moving average is 1307.14.
wendydc: I love these posts predicting a collapse in the share price. A 50% (or more) collapse was going to happen at £3, £7, £11, ..., just about every price point for the last 3 years. Yet Victoria's earnings keep increasing and the share price always (ALWAYS!) recovers to a new high. And it will happen again this time as the shares are now trading on only 12x FY16/17 earnings, and with net debt paid way down, another earnings-enhancing acquisition can't be far away! So I'm with the analysts: a £19 share price by Christmas
Victoria share price data is direct from the London Stock Exchange
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