Share Name Share Symbol Market Type Share ISIN Share Description
Victoria LSE:VCP London Ordinary Share GB00BZC0LC10 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.00p +0.42% 480.50p 475.00p 486.00p 480.50p 478.50p 478.50p 54,856.00 10:38:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 255.2 9.3 23.2 20.8 437.11

Victoria Share Discussion Threads

Showing 5276 to 5299 of 5300 messages
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DateSubjectAuthorDiscuss
21/4/2017
13:20
Looks ready to break higher here. The last move up before the consolidation was very strong. Same to come again after the bullish recent trading statement? --- "The Board is pleased to announce that the Group's underlying profits before tax will be comfortably ahead of current consensus market expectations..." "Victoria remains focused on its strategy to create wealth for shareholders." "The Board is confident it will deliver another year of significant, earnings-accretive acquisition growth in addition to underlying organic growth." https://uk.advfn.com/stock-market/london/victoria-VCP/share-news/Victoria-PLC-Positive-Full-Year-Trading-Update/74311536
x54v
21/4/2017
12:29
wingspan Well said
rotrader
13/4/2017
17:23
Well done VCP - another year proving the bears wrong. Victoria is one of those shares that attracts ongoing bearish views that only quieten down when the results shout at them to do so (this happens with regularity)...and to be clear, i for one welcome critical thinking and analysis (Debt ratios and consumer patterns etc). There was a character on the other board called numberbiter who thought that black was white and recommended everyone sell at 1300 in old money...now one year later 23.50... He thought he was doing everyone a favour...his problem was that he had sellers remorse (having sold out under 5 quid). ...lucian Miers wrote this blog in Nov 2015: hxxp://www.shareprophets.com/views/16427/victoria-plc-a-carpet-maker-overdue-for-a-shagging Quoting: "Best of all, there is no indication yet as to whether the string of acquisitions will pay off. It’s too early to tell. Either this guy is a complete genius or his fellow shareholders are a bunch of pliant and gullible fools. I suspect the latter is a surefire bet and that the shares are overdue for a good carpeting. For this reason I have sold them short." Other than an unforeseen Brexit wobble that carpet bombed the market (pun intended...) and a sensible walk away from Lano...this share barely paused for breath post that article. Thanks Lucian - how are the pliant and gullible shareholding fools looking thus far? Over the years these blind bears and others have added little to rational dialogue on these boards. In some cases they (perversely) seem to almost WANT negative things to happen in this country or to a good solid British company / success story to screw up their accounts etc....just so they can be proved right in their views. And Carpetbagger (or number biter?) for the record I am not Geoff Wilding writing as an alias...I am not nearly clever enough...i only started buying at 750p. Keep at it - in one of the next few years there may be a slow down in consumer spend but carpets still get replaced on average every 9 years...and the cheapest way to tart your place up is with a lick of paint and a new carpet. And for another year I feel comfortable saying (as I did to numberbiter last year) let's let the numbers speak for themselves?
wingspan
12/4/2017
08:00
Blimey, is Eyeore too optimistic to be allowed to post here? :-) You guys will certainly ensure nobody gets too positive re VCP.
shanklin
12/4/2017
06:59
We will have a better idea when the results are out. Enjoy the ride - don't get bogged down in negativity ;-)
rotrader
11/4/2017
20:56
Bestace, I agree with your comments but I have a marker in my notes on the bank/debt issue now. An eye should be kept open IMO. Debt is all very well until your customers go on strike. Inflation is now affecting discretionary spending over here in U.K. but I cannot speak for Australia, etc.VCP is on my watchlist. I sold at 475 a few weeks ago after a good run but I am unsure about reinvesting despite the positive update.
bones
11/4/2017
17:41
In last year's pre-close trading statement they said "due to the continued focus on improved cash generation there will be a material reduction in Group net debt and the net debt to EBITDA ratio since the interim results." I presume the lack of a similar statement this year, together with the references to debt facilities and the bank, simply means net debt has gone up this year. But due to the cash paid for the various acquisitions, net debt would have been going up anyway even with a blow out operating performance. The ratio of net debt to EBITDA was 1.85 last year (and 1.93 at the half year point), with interest cover over 7x. We were told in the last acquisition RNS on 13 February that the ratio remains at less than 2x, so unless cash conversion has dropped off a cliff in the last 2 months (which may have required its own RNS) it would appear the net debt position has deteriorated, but only slightly. It's a £200m facility, so plenty enough to fund a M&A splurge and leave lots of headroom.
bestace
11/4/2017
17:01
"The Group's banks continue to be very supportive and there remains considerable headroom in existing facilities."Hmmm. Not sure how to interpret this. Not what they said but why they felt the need to say it at all in a trading update. It's not often you see companies emphasising their banks' support in a trading update.Maybe they are putting to bed suggestions that they are over stretching themselves while on the acquisition trail.
bones
11/4/2017
16:30
Yes, the company says "underlying profits before tax will be comfortably ahead of current consensus market expectations" and Cantor Fitzgerald says no change to their PBT estimates... something doesn't compute. edit - finncap are talking of a 5% upgrade, which seems reasonable. This time last year the company was saying "materially ahead" which I think sounds better than the "comfortably ahead" wording used this year.
bestace
11/4/2017
14:59
bestace Too low?
rotrader
11/4/2017
12:52
"In a note to clients on Victoria, analysts at Cantor Fitzgerald said they would leave their estimates unchanged at this stage, forecasting full-year pretax profits of £28.0mln, representing 54% year-on-year growth." Why would you leave your estimates unchanged when the company has just told you they are too low?
bestace
11/4/2017
07:56
Looking Good
rotrader
09/4/2017
22:00
hTtP://www.thisismoney.co.uk/money/investing/article-4349372/MIDAS-UPDATE-Carpet-maker-Victoria-s-shares-soar-59.html
gez
09/3/2017
23:00
Unlikely perhaps, but not necessarily unrealistic IMO. I seem to recall the chain of events that led to GW owning 30% of the company had a whiff of dodginess about them. carpetbagger - do you have a specific problem with the exceptionals presented in the accounts? I'm always interested in hearing reasoned negatives about a company but your double post just looks like insinuation.
bestace
09/3/2017
21:46
Problems can arise, however, when non-GAAP financial measures are presented inconsistently, defined inadequately, or obscure financial results determined in accordance with GAAP. hTtps://www.law360.com/articles/804336/global-watchdog-issues-warning-on-non-gaap-measures Exceptional Items from continuing operations 52 weeks ended 28 March . 2015 of (9,920) Exceptional Items from continuing operations 52 weeks ended 28 March . 2016 TOGETHER with non underlying items of (xxxxxxxxx)
carpetbagger12345
09/3/2017
21:44
wendydc wingspan 1boston ALL THREE OF THESE POSTERS ONLY POST ON VCP. ALWAYS POSITIVELY. ARE THEY THE SAME POSTER? CONNECTED TO THE COMPANY? MR GW?
carpetbagger12345
09/3/2017
21:09
unrealistic...
wingspan
09/3/2017
20:43
It wouldn't necessarily be shooting himself in the foot if he was looking to walk the price down so he could buy the 70% he doesn't own on the cheap.
bestace
09/3/2017
19:30
Having met the management on numerous occasions I will sleep well at night knowing that what you are saying is very unlikely. GW's trust owns 30X % and seeing as he can only offload at a sale event it would be shooting himself properly in the foot to pi ss around with the numbers.
wingspan
04/3/2017
06:56
Problems can arise, however, when non-GAAP financial measures are presented inconsistently, defined inadequately, or obscure financial results determined in accordance with GAAP. hTtps://www.law360.com/articles/804336/global-watchdog-issues-warning-on-non-gaap-measures Exceptional Items from continuing operations 52 weeks ended 28 March . 2015 of (9,920) Exceptional Items from continuing operations 52 weeks ended 28 March . 2016 TOGETHER with non underlying items of (xxxxxxxxx)
carpetbagger12345
03/3/2017
18:40
Even more important than accounting profits is cash generation. And these guys have been stellar at turning profits into cash. Ever since the new team took over cash generation has exceeded reported earnings, which has allowed them to grow the company enormously while keeping debt under 2x ebitda
wendydc
02/3/2017
17:22
I don't think its a big worry - not many AIM listed company's would want the added expense. Bring on the next acquisition and we will carry on the upward trend.
rotrader
28/2/2017
18:10
The big worry is that this company is presenting Non GAAP accounting
carpetbagger12345
24/2/2017
00:33
I have been a long term advocate and see a company that beats market forecasts every year, a track record of making successful acquisitions, and a stated plan to continue growing. I continue to think there is material upside and cannot see any reason why the company will not create more shareholder value.
1boston
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