Victorian Plumbing Share Discussion Threads

[topvest] 31/3/2022 12:25

It might halve from here, but can't see it going any lower than that personally. Trouble is, when something is in a downtrend like this there is no way of knowing how low it goes before the selling stops. Another profit warning is certainly quite probable I think.

[diku] 31/3/2022 09:51

If you say so...

[madbuilder] 30/3/2022 20:28

10p then its a buy and it will be there soon

[topvest] 30/3/2022 12:03

Consensus per stockopedia is 3.43p EPS this year and 4.81p EPS next year versus 6.71p EPS last year. Cheap on a trailing P/E but not on a foward P/E particularly given there is a cost of living crisis rapidly looming versus easy money printing comparatives!

[velocytongo] 30/3/2022 11:57

Look, 7p is a bit high. i think the consensus is nearer 4p. at 50p it trades at 4 times EV/EBITDA, which is buyout territory as a result i can't see too much downside from here. then you factor in that a downturn should wipe out its nearest competitor. we are defo at the bottom or near the bottom.

[look alive] 30/3/2022 11:13

Hard to predict the exact bottom in this one but tax loss selling is about to dry up and there will be a trading update early April .There were substantial exceptional costs in last year's figures.Current year earnings look to be around 7p which makes shares cheap IMHO

[npp62] 30/3/2022 10:33

How do you come to the conclusion that at the current price it's a steal? Not trying to be mischievous, I'm just wondering how you reached that decision

[diku] 30/3/2022 08:29

Just don't flush it...

[ny boy] 29/3/2022 22:03

Down the toilet chart

[paulof2] 29/3/2022 21:52

Bought in today, I wouldn’t have liked to have been in at ipo prices, but what’s important is the share price now and at 50p this seems a steal.

[alotto] 29/3/2022 13:33

ignoring the potential for a delisting if it falls further, 30p is a safer place to be.

[wskill] 29/3/2022 13:08

Bought a few today will continue adding on any falls maybe not the bottom but close enough for me.

[diku] 29/3/2022 10:11

Hence I mentioned Goodmans & Co...they all in the same club to flog any IPO...just different names...


VelocyTongo29 Mar '22 - 08:55 - 267 of 267
0 1 0
diku. never heard of goodmans but they were not involved in this IPO. lead managers were Altium/Barclays/Numis. legals were jones day and simmonds & simmonds.

[velocytongo] 29/3/2022 07:55

diku. never heard of goodmans but they were not involved in this IPO. lead managers were Altium/Barclays/Numis. legals were jones day and simmonds & simmonds.

vic source plenty from china and have an office there and so the current lockdown is likely to affect product coming from there.

there are plenty of headwinds at the moment but i think these will sink victoria plum.

in the absence of fraud or getting taken private at a v low ball no (which is why i continue to buy), vic will emerge stronger and the share price will reflect that.

vt

[npp62] 29/3/2022 07:27

It's a good job I'm not invested here at the moment then. Just watching on the sidelines for now... perhaps an opportunity will present itself

[alotto] 28/3/2022 17:50

We all got caught in the thinking 'it's already fallen so much, how much lower can it go?'

[topvest] 28/3/2022 17:37

Yes, but only a maximum of 50p to go and it will flatten off well before that. It does look like the share price is starting to flatten-off. Maybe a c30-40p bottom?

[alotto] 28/3/2022 13:32

It never stops falling!

[velocytongo] 25/3/2022 12:58

Should we be worried that Kath Smith, NED, has resigned after only 9 months?

[velocytongo] 25/3/2022 12:46

Nearly all the 2021 online retail crop of floats are struggling: VIC, THG, MADE, TRST. As are BOO and ASC. SCS is trading at 1x EV/EBITDA (even after deducting w/c).

Been buying VIC all the way down from 100p. It is currently trading at 4x EV/EBITDA for 2023, which puts it in buy-out territory. My only concern is fraud or corporate malfeasance but the co has a proper auditor in EY. It's not a guarantee but does provide some comfort.

It's safe to say that the market hates retail!

[7rademark] 25/3/2022 09:23

Apologies just seen my question answered below.

[7rademark] 25/3/2022 09:21

Scary that the volume is increasing with the fall, any ideas what's wrong with this company

[alotto] 25/3/2022 09:07

I'm thinking of buying and double down in the region of 30

[deanowls] 25/3/2022 08:56

Maybe he’s waiting to buy it all back and still be left with cash. At some point it’s got to stop being sold.