Victoria Share Discussion Threads

[dynamoo] 23/6/2016 21:41

Can you repeat that in English, or try again when you're not sniffing glue?Made no sense whatsoever.Love YaD

[luckymouse] 23/6/2016 20:35

You will believe what you want to - and impose your ego upon the mkt & others - even if wrong - that's the mark of bad trader psychology - presumably that's why you now have to resort to this low bashing game.
Ego that large must have been very painful when the mkt hauled you over. No control.

The US pro shorters find parabolic pennys that had been well & truly over broker promoted on thin news - when the promoting stops they crack and drop 10-50% in one day - that's how its done. This is some kind of slow motion granddad bully ego play lol.

[dynamoo] 23/6/2016 19:22

That line of support I drew weeks ago seems broken now. There's a path of very little resistance down to £11 from here. After that, a further "wipe out the profit" move imo.

£8..in time.

[dynamoo] 23/6/2016 19:17

I don't believe you make thousands a day. You're a dreamer imo.

Or a message board persona of what you "really" want to be.


Interesting times for VCP. Could go either way with sentiment, but the trend suggests strongly down, and hard, on any sniff of bad news.

[dynamoo] 23/6/2016 19:12

lolol

I bet it makes you feel so macho?

FYI I traded FX and Futures with Interactive Brokers for about 7 years, day in day out, so I know my onions also. Thanks.

[luckymouse] 23/6/2016 18:12

Thank you for the TA lesson - whilst you are struggling with this I am making 1000's a day index trading which is brutal - all done on market internals and TA
And ironically doesn't require having to beat anyone up - pure skill - the discipline/toughness is upon self - not others.

Let me give you a little help

free stock charts from uk.advfn.com

[dynamoo] 23/6/2016 17:10

Just look at the chart I posted.See the similarities?On the way up, each surge in price was coupled with a surge in volume.Until the last surge where no one wanted to buy anymore.Now the same is happening on the falls.Until no one wants to sell anymore.

[dynamoo] 23/6/2016 17:07

Ignore the stochastic, that's just loaded as default on all my charts.I'm talking about price leading what RSI does, nothing whatsoever to do with divergence.Simple fact is RSI is a calculation based on previous highs and lows in price, therefore price action leads and RSI follows. Not sure what is so hard to grasp about that.

[luckymouse] 23/6/2016 16:30

very broad shouldered defence of your short lol - if price drifts down & rsi creeps up its positive divergence - I note you've tweaked your sto to be very long term to hide it

[dynamoo] 23/6/2016 15:02

RSI can creep up all it wants, price will lead it down. It's a lagging indicator.

Nothing has changed, still in a down trend, lower highs, lower lows and volume surges on the slumps. Until there's no more volume on those sell slumps, it will continue to test for weak holders.

In fact, it's looking like it's making a lower high right here, from the underside of the May low. Bad sign IMO. Maybe a "remain" vote will save the day lol.

[luckymouse] 21/6/2016 14:19

the rsi is creeping upwards

[1boston] 21/6/2016 14:15

If you make a return on capital on existing and new activities materially in excess of your cost of capital, as Victoria has demonstrated under the current management team, its a good thing to be geared as it drives value and creates incremental FCF.

The level of earnings given the high return on capital VCT generates is such that, even if there was a major drop off in earnings, VCT would still be able to cover its cost of capital and there would be no destruction of shareholder value (by my calculations earnings could half before there was an issue).

Therefore gearing in this instance should not be a concern. In fact I believe it should be applauded because even in the case of a fall in earnings VCT will still be able to pay down the debt it took on to do a very accretive acquisition.

Also worth saying that given recent results from peers I don't see any reason to be pessimistic about VCT's earnings but we will see when their results come out.

[1boston] 20/6/2016 15:19

The difference with Victoria is that they are generating lots of FCF which means they quickly re-risk their acquisitions. They are also benefiting from historically low capital costs which makes the current environment perfect for an acquisition led growth strategy, provided you don't overpay (which so far they haven't) - all of their acquisitions have been accretive and quickly integrated which suggests the management are rather good at doing what they do. The recent aborted deal is further reassurance that they will walk away if they don't like the price.

PS. Worth reading Roger Bootle in todays Telegraph on how overdone economic Brexit risk has been portrayed

[dynamoo] 17/6/2016 10:28

Agree.Maybe it was a wise move to terminate the recent Belgium deal at this moment in time.The fact remains...VCP comes with a lot of risk due to the high level of gearing, this will increase during uncertain times.When you're a highly geared business, you need to demonstrate continued growth, make one wrong move at the wrong time and the tide will turn sharply.

[rotrader] 16/6/2016 09:43

An out vote on Europe may not be bad for VCP, being an international group of company's.

[abarclay] 16/6/2016 08:48

Buying anything is like catching a grenade ahead of Brexit

[dynamoo] 14/6/2016 17:41

What did that ramper say on the other board? Last chance to buy in at £14 ... lol£8 here we come...

[rotrader] 14/6/2016 17:30

Perhaps the low £13's the way its going ;(
Lot of big sells today - its all on the results now. GLA

[rotrader] 02/6/2016 14:49

Last chance to get in on the low £14's.
Results next month with more acquisitions likely.

[luckymouse] 20/5/2016 12:51

A good fundy vs technical debate - lets see what this strange contra cycle year brings - I'm not sure anyone knows yet with these fed games - I suspect they like to engineer dips only to create upswing later on.

ATB LM

EDIT: I've self moderated some of my more vigorous comments to keep it respectful & strictly business LM

[dynamoo] 19/5/2016 13:12

You'll end up poor following those squiggly's.

[dynamoo] 18/5/2016 23:45

I don't envisage a crash.

I do envisage a grind lower as demand keeps falling, as the profits are pulled out by PI's, and when June comes around.

There's zero demand at these high prices right now.

It will hunt for volume, it's what the market does.

D