ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

VCP Victoria Plc

209.00
-9.50 (-4.35%)
23 May 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
  -9.50 -4.35% 209.00 394,481 16:35:08
Bid Price Offer Price High Price Low Price Open Price
205.00 212.50 223.50 200.00 223.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Carpets And Rugs 1.48B -91.8M -0.7982 -2.59 238.07M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:21 AT 2,000 209.00 GBX

Victoria (VCP) Latest News

Victoria News

Date Time Source Headline
20/5/202407:00UK RNSVictoria PLC Director/PDMR Shareholding
17/5/202407:00UK RNSVictoria PLC Director/PDMR Shareholding
11/4/202417:16UK RNSVictoria PLC Holding(s) in Company
10/4/202407:00UK RNSVictoria PLC Purchase of Own Shares
09/4/202407:00UK RNSVictoria PLC Purchase of Own Shares
08/4/202407:00UK RNSVictoria PLC Purchase of Own Shares
05/4/202407:00UK RNSVictoria PLC Purchase of Own Shares
04/4/202407:00UK RNSVictoria PLC Purchase of Own Shares
03/4/202407:00UK RNSVictoria PLC Purchase of Own Shares
02/4/202407:00UK RNSVictoria PLC Purchase of Own Shares

Victoria (VCP) Discussions and Chat

Victoria Forums and Chat

Date Time Title Posts
22/5/202414:30Victoria PLC new board2,799
25/9/202319:43*** Victoria ***190
22/8/202122:08Victoria to Ј7.50 in twelve months234
07/3/201910:39Bulletin boaed-
01/4/201510:37Victoria with Charts & News622

Add a New Thread

Victoria (VCP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:37:21209.002,0004,180.00AT
15:37:09209.00325679.25AT
15:37:09209.0012.09AT
15:37:09209.0012.09AT
15:37:09209.001,9554,085.95AT

Victoria (VCP) Top Chat Posts

Top Posts
Posted at 23/5/2024 09:20 by Victoria Daily Update
Victoria Plc is listed in the Carpets And Rugs sector of the London Stock Exchange with ticker VCP. The last closing price for Victoria was 218.50p.
Victoria currently has 115,010,419 shares in issue. The market capitalisation of Victoria is £238,071,567.
Victoria has a price to earnings ratio (PE ratio) of -2.59.
This morning VCP shares opened at 223.50p
Posted at 01/5/2024 07:37 by waldron
looks like we are still awaiting the economy turnaround, in the meantime support could fall to 178p

IF we see the sector improving the uptrend might be substantial if EV,balance and targets are anything to go by





AWAITING JULY RESULTS

SEEMS UNDERVALUED


Analysts' Consensus

Mean consensus
BUY

Number of Analysts
3

Last Close Price
1.95 GBP

Average target price
4.283 GBP
Spread / Average Target
+119.66%

High Price Target
6.85 GBP
Spread / Highest target
+251.28%

Low Price Target
3 GBP
Spread / Lowest Target
+53.85%

could do with more analysts

GOOD LUCK LONGTERM HOLDERS

ENJOY YOUR DAY

Chuckle and cheers
Posted at 17/4/2024 15:59 by rotrader
Why don't you shorters start your own board then you can all revel in your pathetic comments between yourselves, thereby leaving us genuine investors to look forward to a VCP recovery in the market when the economy recovers. Which they are well set up for
Posted at 10/4/2024 09:35 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 07:48 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 22/11/2023 15:24 by ldrcvm
Sternberg represented VCP's largest shareholdeer, the bungling Sprucepoint (20.6%) on the VCP BOD. He resigned today "to rebalance his time commitments". So naturally another bungling Sprucepoint employee stepped into his shoes yes? NO wrong. That didn't happen. So this is a massive vote of no confidence from 20.6% of VCP's ownership. VCP's biggest shareholders (other than Wilding) are all US-based, so Thanksgiving day is a great choice to hold the call tomorrow.
Posted at 12/11/2023 08:37 by black boulder
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.
Posted at 19/10/2023 13:52 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 01/10/2023 19:54 by black boulder
The irrational hysteria in these chat rooms and even in the mainstream media around accounting issues relating to £400K of revenue has resulted in a share price which represents an EBITDA multiple for the Group of only 7x (taking into account £658m of Debt, £238m of Preference Shares, £600m of Market Cap and expected 2023/24 EBITDA of £214m) which is very low for a company with Revenues of £1.5B and a portfolio of businesses spread across the UK, Spain, Italy, The Netherlands, Belgium, Turkey, the US and Australia.

By way of comparison, the single Spanish ceramic tiles producer Baldocer, with revenues of around €200m, sold last week for €425m plus an Earn Out arrangement, representing an EBITDA multiple of around 10x.

At 10x EBITDA Victoria’s share price would be over £10.

As is often the case, the market has way over-reacted to a bit of bad news which is obviously in fact quite immaterial, creating a great buying opportunity for more savvy investors.
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.
Victoria share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock