Victoria Share Discussion Threads

[rotrader] 08/3/2016 12:23

Post 521 - but there could be another acquisition in the meantime.
The markets seem to like it.

[essentialinvestor] 04/3/2016 10:14

Free Cashflow is the metric to look at, it is the gold standard quality measure.

If you look at Headlam in the same sector they increased their cash balance by £19 Million over the last 12 months, while still making significant investments.

James Halstead is also highly cash generative,
so watch FCF imv.

Both JHD and HEAD have no debt and large cash balances, that also needs to
be allowed for in the VCP rating.

Anyone in VCP anywhere near the turning point is probably not too bothered
about sentiment.

[wendydc] 01/3/2016 12:44

Five acquisitions in 3 1/2 years isn't exactly "lots", Bunzel makes an acquisition a week. And given how good VCP's results were at the half year, the first 3 acquisitions have clearly integrated smoothly.

GBW has 20 years experience of M&A and has made a fortune at it. And a month ago the company announced all subsidiaries were trading ahead of expectations. You've sold too soon and are going to miss out!

[alphabeta4] 01/3/2016 09:25

Just sold - RSI was looking a bit high and I'm concerned on the business having lots of acquisitions to integrate. Good luck remaining holders - I'll be happy to be proved wrong :)

[countryman5] 19/2/2016 13:15

Numis met up with GW:- 'Could see company sold for 3 X current price within 18 months. Undiscovered gem. BUY'

[rotrader] 17/2/2016 18:12

We will have to wait for the results in July to find out anymore - but there could be another acquisition in the meantime.

[wendydc] 17/2/2016 17:01

Interesting in a gossipy sort of way. A superficial article from a lightweight journalist. More interested in how much Wilding has made than decent analysis of the business opportunity.

[rotrader] 17/2/2016 07:10

Another Journo's opinion - old article , but interesting -

[dlku] 13/2/2016 22:20

sold out a while ago

[dlku] 13/2/2016 22:07

bearsie 10 Oct'15 - 21:57 - 492 of 515 0 0

The comment on the other thread - regarding the CFD. I think that the company say they are indemnified for NI payments and tax but that means HMRC have to go for the Camden Trust instead. My only concern for the CFD is that the directors have a liability for doing the CFD when they knew they could not pay (this was confirmed when they said that they would give shares instead of cash because they could not meet the obligation). I thought that companies could not enter into agreements they knew that they could not fulfill? Does GBW have a claim on the assets of the company in that case and what liability is there against the company in terms of agreeing a deal that they knew they could not fulfill?


omg

[rotrader] 11/2/2016 12:35

A retracement at the moment till next RNS, lets hope its good news.

[wendydc] 10/2/2016 15:12

Why is the share price dropping so much? The only news from the company since its results announcement in November (when the shares were £14) has been confirmation three weeks ago that trading is better than expected and that a director has been buying shares. Also ScS and John Lewis, who are big customers, have announced strong home furnishing sales. All positive. So why are the shares dropping?

[whatstockking] 08/2/2016 14:46

CANTORS TAKE: VCP capable of growing earnings per share by between 15% and 20% p.a. over the next three years.

It will continue to seek earnings enhancing acquisitions, which we believe have already been identified, start to benefit from synergies with the objective of improving
EBITDA margins from 10% to 12%, and use scale to increase sales not only
to the dominant independent sector but also to the multiples and the
trade.

Acquisitions have been predominantly funded by debt which is forecast to decline to £48m by end of March 2017 (1.5x EBITDA)

The company has a ‘war chest’ of c.£50m for acquisitions in FY2017

BUY recommendation, valued at 11.9x FY2017 forecasts and TP of 1,650p, broadly valuing the company at 17.5x FY2017 earnings.

[whatstockking] 28/1/2016 17:56

Entrepreneur of the Year, Wilding is going to need a bigger cabinet soon:

[whatstockking] 25/1/2016 09:29

VCP Wilding quotes, if you haven't seen - hxxp://www.sharesmagazine.co.uk/articles/victorias-a-gripping-yarn

[rotrader] 21/1/2016 18:38

Looking OK to me - all stocks lost yesterday

[alemein] 21/1/2016 07:00

Capital markets day looks to have not been very successful

[alemein] 08/1/2016 09:28

New finance director - spent his first months wages already.

[startrekker] 06/1/2016 17:14

Collinge - Lawtons, devastated apparently!

[alemein] 06/1/2016 06:53

Rumour of redundancy,s at HQ(Victoria Carpets) closing there Wilton weaving dept.Not looking too good at the moment, time to take some profit I think.

[rotrader] 04/1/2016 07:39

Collinge ?

[rotrader] 24/12/2015 12:45

startrekker.
Good business if you ask me. VCP get rid of a bad company, Lawtons did not pay a great deal for it but they have the assets.