Victoria Share Discussion Threads

[arthur_lame_stocks] 08/4/2024 13:04

You are 'avin a Giraffe aintcha BB?

[black boulder] 08/4/2024 12:17

Here is a link to an article on the front page of the business section of The (UK) Times today, “Growth at a ‘turning point’ as economy gains momentum”.

www.thetimes.co.uk/article/289cd3d9-9591-4638-911b-2adbb0c7b70c?shareToken=1845c0b7c76e627bab3496e88a457567

Please copy and paste the link in your browser to read the article.

[black boulder] 08/4/2024 07:48

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.

[rotrader] 28/3/2024 17:34

Positive vibes from insiders

[linton5] 28/3/2024 16:30

Good day at the vic🍒🍒;🍒

[my retirement fund] 25/3/2024 11:42

Purchasing own shares with borrowed. Insanity!

[bouleversee] 21/3/2024 15:09

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.

[william127] 21/3/2024 12:42

Looks like good addition to the board to add more strength to American market from the Spanish and Italian ceramic divisions. IMHO

[rotrader] 18/3/2024 11:32

I have found the recent news quite positive, but what do I know

[arthur_lame_stocks] 14/3/2024 10:53

Even the house broker's giving up.

[bigbigdave] 14/3/2024 07:19

BERENBERG CUTS VICTORIA PLC PRICE TARGET TO 300 (600) PENCE - 'BUY'

[elsa7878] 13/3/2024 20:42

They can dangle a buy back but will they actually do it. Insane if they do.

[arthur_lame_stocks] 13/3/2024 19:54

I'm surprised this hasn't fallen more today. That was a truly awful update.

[bouleversee] 13/3/2024 15:22

It will be interesting to see whether they cancel the bought back shares or award themselves huge amounts of free shares as bonuses after holding them in treasury for a while so as not to pay divs.

[hatfullofsky] 13/3/2024 14:00

Paul Scott no too keen gives it an Amber / Red rating

[bookbroker] 13/3/2024 11:14

That is not far away in terms of debt renegotiation. Why has this company got so indebted, carpet and flooring not exactly a dynamic industry.

[hatfullofsky] 13/3/2024 10:42

Debt is long dated bond based to 2026, so should not be a problem.

[buywell4] 13/3/2024 09:45

Buyback here looks absolute folly. Last statement debt was 670m. If they can buy that back, particularly at sub par valuations that has to trump the buyback. Always get the feeling its only a matter of time for the debt to overwhelm this company.

[arthur_lame_stocks] 13/3/2024 09:05

Nearly 1200 staff laid off. Nice one Gorgeous!

[hatfullofsky] 13/3/2024 08:27

Fair point Brianblu

[hatfullofsky] 13/3/2024 08:23

There is some buying going on

[arthur_lame_stocks] 13/3/2024 07:29

It ain't over till the fat Kiwi sings.

[brianblu] 13/3/2024 07:27

Institutions own71%approx of 115million won’t take much to scoop up free stock with 25m

[hatfullofsky] 13/3/2024 07:21

HY - Underlying EBITDA GBP95.8mFY - Underlying EBITDA GBP160mNo mention of overall debt levelsI can't see this rising any time soon but medium term .....

[brianblu] 13/3/2024 07:10

Been on my watchlist for a while very reassuring read well done the board they seem to have there heads screwed on anyway, seems very cheap and the board know may aswell get as many stock as they can down here,I will watch carefully and hopefully purchase my starting batch today