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
  +1.50p +0.29% 527.50p 525.00p 530.00p 527.50p 526.00p 526.00p 36,420 10:33:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 330.4 18.8 13.8 38.1 479.86

Victoria Share Discussion Threads

Showing 5351 to 5374 of 5375 messages
Chat Pages: 215  214  213  212  211  210  209  208  207  206  205  204  Older
DateSubjectAuthorDiscuss
28/7/2017
11:18
You've called it R... Let's see if you are right.
wingspan
28/7/2017
11:00
Probably the plan, but if not it will cost Victoria Carpets more to have their carpet manufactured by G Tuft. Come to that Abingdon Carpets will still need to make a profit also. Could be the end of Victoria Carpets before long.
rotrader
28/7/2017
10:58
R, As long as "manufacturing operations" move to the two other production facilities and not somewhere else (which - I agree - would be misleading) then how is there duplicity? What does it matter that some machinery is sold to GTuft in the process? As CT suggests there MIGHT be wheels within wheels - and GTuft is acquired by VCP but at this stage plausibility from my perspective is that they are moving operations and selling some kit in the process...guess we will have to wait and see...one thing though: consultation is 30 days for the number of job losses (circa 60) that I heard about...the announcement went out on 26th June...now we are 28th July. According to the logic here of underhand behaviour we will know soon enough on GTuft. W
wingspan
28/7/2017
10:00
unless the plan is to take it over?
castleford tiger
28/7/2017
09:22
I believe the problem is that this comment - "manufacturing operations in Kidderminster to the Group's two other UK carpet production facilities," was written on documents to employees (consultation period) and in an RNS to the stock exchange. It is clearly not the case - G Tuft are not part of the group.
rotrader
28/7/2017
08:59
A...you said the company was behaving in an underhanded manner because they were waiting until an opportune moment to announce a takeover (while within a redundancy scenario). Broadly, your 1+1 equalled more than 2. The purpose of my posts was to correct this assumption which Rotrader has now confirmed.
wingspan
28/7/2017
08:51
Is it that if there is much needed capacity then why sell an asset that can provide that capacity? Surely, this is the companies business? Maybe they intend to buy new machinery? Maybe they can optimise better with what they are doing? Where is the lie ? And if they are no longer (as you confirm) waiting until the end of the consultation period on redundancy to announce another takeover - where is the underhanded activity? Is the company now not allowed to sell equipment it no longer wants?
wingspan
28/7/2017
08:44
Yes Rotrader...this is what I heard. So, during this process of rationalisation some machinery is sold to GTuft... Genuinely: Can someone explain in simple terms why this is underhand, untruthful etc? What am I missing?
wingspan
27/7/2017
20:31
wingspan - Alemein It was my intention to keep out of your discussion because you both have some valid points. But it has become known to me today, some information that seems to contradict some of the statements made. The RNS concerning manufacturing and logistics states that - "The reorganisation of the manufacturing capability, which involves the transfer of manufacturing operations in Kidderminster to the Group's two other UK carpet production facilities, will: · Rationalise the Group's manufacturing operations to drive further incremental margin uplift. · Optimise asset utilisation and positively impact manufacturing efficiency to provide significant - and much needed - additional capacity without material capex." I have been informed today G Tuft (not part of the group)will be taking three tufting machines and the beaming facility. The rest of the manufacturing machinery will be going to Abingdon Carpets Wales. Someone is not telling the truth. IMHO off course.
rotrader
25/7/2017
13:14
Sorry A...was trying to soften it... I KNOW that GTuft is a non starter.
wingspan
25/7/2017
12:49
Thank you 1boston, that's helpful.
shanklin
25/7/2017
12:43
Re organic growth, just seen a couple of analyst reports out this morning on VCP: Like For Like revenue up 4.6% and LFL margins up 10.6%. Strong and impressive progress in my view.
1boston
25/7/2017
10:48
wingspan "Our dependency on any one market continues to reduce with more than 30% of the group's earnings now coming from outside the UK. This trend is expected to increase further in 2018." You have gone from saying that my comments about G Tuft are incorrect to "Let's wait and see on GTuft but I am fairly sure that is a non starter". But like you say lets wait and see. You also did comment "Are you interested in undermining all those uk jobs with your posts?" I can categorically state that is not the case. Decent results, but as always its knowing when to get out. Wish you all the best of luck.
alemein
25/7/2017
09:14
Last year's full year results included: "This growth was primarily a result of the contribution from acquisitions, both in terms of the acquisitions in the year of Quest Carpets and Interfloor Group, and the full-year beneficial impact of Abingdon Flooring and Whitestone Weavers group, which were acquired during the previous financial year. In addition, the underlying business has continued to perform strongly, delivering average organic revenue growth across the Group of over 3.0%, driven by increased sales volumes." So VCP have previously given details of organic growth.
shanklin
25/7/2017
09:14
Got to love GW's closing points: -- Our dependency on any one market continues to reduce with more than 30% of the group's earnings now coming from outside the UK. This trend is expected to increase further in 2018. -- We have a strong sales culture; irrespective of title, everyone is a sales person. -- Our reorganisation lowers costs while increasing cost variability, thereby giving us greater resilience in variable economic conditions. -- We have done a large amount of prospecting work - primarily in Europe - and are confident of securing some high-quality, earnings-accretive acquisitions.
wwick
25/7/2017
09:08
Sounds good to me.
bouleversee
25/7/2017
08:53
" Due to timing of the completion dates for the last of these acquisitions being late in the financial year, together with their integration costs, they had little impact on our FY17 net result. However, shareholders can be confident that profits from these businesses will make a meaningful contribution towards our growth in the current financial year. "
wwick
25/7/2017
08:48
"Operational synergies have continued to drive growth in operating margins and improved like-for-like performance across the Group." . . . . . "Organic growth is fundamentally driven by the five pillars of the business model highlighted above. In addition, the Group continues to seek and deliver synergies and transfer best operating practice between acquired businesses, both in terms of commercial upside, and cost and efficiency benefits to drive like-for-like margin improvement."
wwick
25/7/2017
08:36
larva Good point. I decided not to consider re-buying into VCP when I could not find an organic growth number. Is it something VCP normally provide?
shanklin
25/7/2017
08:14
Doesnt disclose ORGANIC growth rate Big omission
larva
24/7/2017
23:56
I hope you don't mind me pointing out some wrong assumptions in what you write: That I don't care about job losses That there is definitely something going on because a company gets annoyed because information gets "leaked" rather than a company gets annoyed precisely because information has been leaked. That you conclude that I think you are actually "interested" in undermining uk jobs That because some machinery is being sold to a different company means there is "definitely" some sort of acquisition going on Let's wait and see on GTuft but I am fairly sure that is a non starter. I do agree with you that I would prefer for VCP to not be purchased by a foreign company who then erode the manufacturing fabric of this nation for extra profit...we don't know if that would happen but it is certainly an unpleasant prospect. one of the reasons I own shares in Victoria is that it does manufacture things in the UK and the management is trying to proactively build a great business. I agree with you that it is very sad that jobs get lost anywhere.
wingspan
24/7/2017
21:09
wingspan Not personally embittered, just extremely disappointed that like yourself, nobody really cares about the 60 to 70 job losses and the implications for those workers. As for me being interested in undermining uk jobs with my posts - that is a quite ridiculous comment to make. G Tuft - there is definitely something happening there because some of Victoria Carpets machinery is going there. I say underhanded because when the information was leaked, the management got quite upset (rules of redundancy consultation compromised) Your comments on Mowawk are interesting, we all know it is probably GW's end game, but I would be quite worried to be a UK worker in the group if that happens. Brintons Carpets were bought out by an American company, now they hardly manufacture anything in the UK - gone to China India etc. Perhaps even Belgium ;-) All in my own personal opinion of course
alemein
22/7/2017
08:46
Your posts would indicate that you are personally embittered by the closure of a manufacturing site and the loss of 60-70 jobs... Do bear in mind that circa 1800 people are employed by the company...majority of which are UK based. Are you interested in undermining all those uk jobs with your posts? For example: Your comments about GTuft are incorrect and therefore your personal remark of underhanded is incorrect and inappropriate. And, last time I looked, it's not a crime for a company to grow itself and it's exposure to opportunities elsewhere...in Belgium or anywhere else for that matter.
wingspan
20/7/2017
07:16
Unbelievable , they stop manufacturing at headquarters (Victoria Carpets) Then buy some little Belgium company who mainly supply the UK. Hamers is Belgian I believe. ANNOUNCEMENT As per July 1st, Millennium Weavers Europe has been taken over by the Victoria Group and will keep on trading as Millennium Weavers Europe with its own P&L. For customers and suppliers, everything remains the same. The current management and employees will stay on board. We are welcoming the team of Millennium Weavers as part of the Victoria Group and are looking forward to further develop the brand and product line. Philippe Hamers CEO Victoria Group
alemein
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