Victorian Plumbing Share Discussion Threads

[mr5k] 15/12/2021 16:46

Thanks Slops. I've noticed that the range is wide and will depend on ad spend, I guess. They clearly intend to squash the competition and make inroads into the trade market. Screwfix have a compelling trade offer for 45 mins delivery supported by a large network of stores, which will work for accessories and some of the back end kit. Having stuff delivered ahead of time will work well and save customers having the plumber pick up stuff.

[slopsjon2] 15/12/2021 10:46

Mr5k

I've corrected my post which stated the EPS was 7.4p. Sharepad has updated and the EPS for FY22 is 5.1p hence the very large fall.

[iamthemagnificent] 14/12/2021 18:31

Victorian Plumbing Group PLC (VIC:LN) PT GBP1.30 new price target at Berenberg

[iamthemagnificent] 14/12/2021 16:32

yes, cleared 100p with conviction and moving to higher levels

relatively low number of shares in issue

sizeable directors buys

could see a bit more recovery here now. GLA

[tomboyb] 14/12/2021 16:19

Moving up nicely -

109p -

[sandy12345] 14/12/2021 15:01

110p next stop very soon here.

[tomboyb] 13/12/2021 15:59

Back up over 100p -

[mr5k] 13/12/2021 08:55

It will take a month or two for the sellers to clear. There are quite a few examples of good businesses that came to the market with rich valuations that then disappointed but went on to do very well. Sports Direct and BooHoo are good examples and this is in the same category.

[iamthemagnificent] 13/12/2021 08:43

have taken profits on my 2nd batch here - mainly after reading the (more recent) customer reviews on trustpilot. Will keep an eye on it, probably needs some further director buys to keep the momentum going. GLA.

[sandy12345] 13/12/2021 08:15

looks positive - I am holding for 120-130 range and then will top slice.

[tomboyb] 13/12/2021 08:04

Good start -

100p+

[tomboyb] 12/12/2021 15:40

Mark Radcliffe £3mill on shares is a huge purchase -

We will go £1+ next week once selling cleared -

[velocytongo] 12/12/2021 12:05

hybrasil .. the current valuation reflects your statement .. but with the growth upside .. by spending £80m on marketing it ensures that most online purchases will go its way .. at £1bn this co would have to grow into the valuation .. that’s no longer the case .. vt

[iamthemagnificent] 11/12/2021 09:05

Investors chronicle:

'Investors may have been spooked by a plan to ramp up marketing spend to achieve growth, but with the shares trading on seven times forecast cash profits its valuation as an online retailer with a recognisable brand looks cheap. Buy.'

[mr5k] 10/12/2021 20:49

thanks slopsjon

[wskill] 10/12/2021 18:31

Revenue will be broadly the same but gross margin will be moving toward 2020 so £268m revenue and profits more than £34m but less than £40m .Using 2020 profitability depend s how close to 2020 profit margins we move and how quickly.

[con90210] 10/12/2021 17:33

Always good to see a director invest in their business and that 3 million is good enough for me. See this as a decent recovery play over the next few months. Challenges ahead with consumer spending but should move north now.

[mr5k] 10/12/2021 16:54

Any one know the EPS forecast for next year?

[iamthemagnificent] 10/12/2021 16:12

good find - their short interest reduced to 0.



Looking forward to proper re-rate next week. 100p +

GLA.

[slopsjon2] 10/12/2021 16:06

Blackrock seem to have closed their 0.5% short position. Shorttracker.co.uk

[sphere25] 10/12/2021 14:32

Interesting blocks going through here at 97.2p

2x 2.25m
3.39m
1m

It's all about that key 100p mark though. Too many sellers have been sat there preventing any material bounce here.

Any more whoppers to follow to tip the scale here?

Let's see

All imo
DYOR

[wskill] 10/12/2021 14:11

Share prophets are prone to exaggeration this is the offending paragraph in the final result outlook section.I am sure no one expected this DIY blitz to carry on forever especially when furlough ended.

Through the first two months of FY22, whilst consumers have continued to spend more on leisure and less on big ticket material homeware purchases, demand and revenue have been broadly the same as last year and 41% ahead of FY20.

[theprovosts] 10/12/2021 13:17

yep probably busy recalling some funds as we speak. large sums often take 3 days to clear so wouldnt surprise me to see more purchases at a later date.